From 2013 to 2023, household expenditure on out-patient services in Canada experienced an overall upward trend, with a few notable fluctuations. Significant year-on-year percentages peaked in 2021 at 20.58%, while a notable drop occurred in 2020 at -12.46%, likely influenced by the COVID-19 pandemic. The last five years have shown a 3.02% Compound Annual Growth Rate (CAGR), reflecting steady growth post-pandemic except for a slight decline in 2023 at -2.86%, standing at 27.1 Billion Canadian Dollars.

Looking forward, the forecast indicates a continued rise in expenditure, reaching 31.36 Billion Canadian Dollars by 2028, with a forecasted 5-year CAGR of 2.31%, suggesting moderate but sustained growth.

Future trends to watch for:

The impact of healthcare innovations and telemedicine services on household out-patient costs.
Economic factors and inflation which could alter disposable income and affect healthcare spending.
Government policy changes in healthcare funding and coverage.
Shifts in demographic patterns, including an aging population requiring more medical services.