The forecast for the number of practicing physicians aged 75+ in Canada indicates a consistent upward trend from 2024 to 2028, starting at 3.07 thousand persons in 2024, reaching 3.36 thousand persons by 2028. This represents a simple annual increase of approximately 2.3% each year. As of 2023, the number stood lower, reflecting an ongoing increase in senior physicians opting to remain in practice. Over the five-year period, the compound annual growth rate (CAGR) averages around this 2.3% pace annually.
Future trends to watch for include the potential impact of aging populations on healthcare delivery and the extent to which technological advancements can support older practitioners, potentially altering retirement rates. Additionally, monitoring changes in healthcare policy or retirement incentives could also influence these numbers.
