The share of male practicing physicians aged 65-74 in Canada is forecasted to increase gradually from 8.1% in 2024 to 8.34% in 2028. Since in 2023, the figure stood at 8%, there is a consistent year-on-year growth projected at approximately 0.6 - 0.73% over the next five years. The compound annual growth rate (CAGR) over this period reflects a modest upward trend indicative of an aging workforce.
Future trends to watch for:
- Impact of retirement rates and the entry of younger physicians affecting the age demographic.
- Potential policy changes addressing workforce shortages.
- The influence of technology and career advancements delaying retirement.
