In 2023, the number of practicing physicians aged 55-64 in Canada stood at approximately 19.64 thousand. The forecast data for 2024 onward shows a steady increase, with figures reaching 20.78 thousand by 2028. This indicates a rising trend in the number of practicing physicians in this age group, largely attributable to aging baby boomers in the healthcare workforce. The year-on-year changes from 2024 to 2028 reveal a steady growth of approximately 1.1% to 1.2% annually. The compound annual growth rate (CAGR) for this period is approximately 1.47%, reflecting consistent growth.

Future trends to watch for:

Potential impact of retirement policies and their adjustments in light of the aging workforce.
Efforts to retain experienced physicians within the healthcare system beyond traditional retirement age.
The influence of technological advancements and telemedicine in retaining or redistributing workloads among older physicians.