The share of practising physicians aged 55-64 in Canada was last recorded at 17.8% in 2023. Forecasted data suggests a gradual decrease in their proportion from 2024 to 2028, with values declining from 17.7% to 17.52%. The year-on-year variation indicates a steady decline at a rate of approximately 0.06% annually. The Compound Annual Growth Rate (CAGR) over the five-year forecast period suggests an average annual reduction in the share of this age group among total physicians.
Future trends to watch for include the potential impact of retirement on healthcare staffing levels and the need for strategic workforce planning to address gaps that may arise from retiring physicians. Additionally, monitoring the influx of younger physicians into the workforce and their retention rates will be critical for maintaining balanced age demographics in the profession.
