Based on the forecasted data from 2024 to 2028, the density of long-term care beds in Canada is expected to remain stable at 470 beds per 100,000 people from 2024 to 2027. This stability indicates no year-on-year variation during these years. In 2028, a slight increase to 480 beds is projected, marking an increase of approximately 2.13% from the previous year. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is relatively low due to the late increase. As of 2023, the density was expected to stabilize, paving the way for future adjustments.
Future trends to watch for include the impact of demographic shifts, such as an aging population, on the demand for long-term care facilities. Monitoring governmental policies regarding healthcare infrastructure and technological advancements in elderly care can also provide insights into potential future changes in the density of long-term care beds.
