In 2023, the number of long-term care beds in Canada stood at approximately 18.02 thousand. Forecast data from 2024 to 2028 projects a steady increase, indicating continuous demand for long-term care. By 2028, the forecast suggests around 19.61 thousand beds, marking a compound annual growth rate of about 1.69% over five years. Year-on-year variations mirror this gradual upward trend, each showing around a 1.73% increase from the preceding year.
Future trends to watch for include the reform in policy to accommodate aging demographics, technological advancements, and potential growth in home-based care solutions. Monitoring these factors will be crucial for anticipating shifts in long-term care needs.
