Forecast: Gross Income of Healthcare in Canada

The gross income of the healthcare sector in Canada is forecasted to decline from 2024 onwards. In 2024, it stands at 9.83 billion Canadian dollars, decreasing to 9.63 billion in 2025, 9.44 billion in 2026, 9.24 billion in 2027, and 9.05 billion by 2028. The forecast shows a consistent year-on-year decline of 2-3%.

Looking back, the actual gross income for healthcare in 2023 was higher than the forecasted values for 2024 and beyond, marking the onset of a downward trend. This trend suggests a compound annual growth rate (CAGR) indicating a gradual reduction in the sector's income over the next five years.

Future trends to watch for include potential impacts from demographic changes, healthcare policies, technological advancements, and economic fluctuations. Additionally, the ongoing effects of the COVID-19 pandemic should be closely monitored as they may further influence fiscal performance in the healthcare sector.