As of 2023, the number of professionally active physicians in Canada stood at 110,000. The projected data suggests a steady increase from 2024 to 2028, growing from 111.76 thousand to 116.89 thousand. Annually, this shows an approximate growth of around 1.2% to 1.3%. Over this forecasted period, the compound annual growth rate (CAGR) is calculated to be around 1.4%, indicating consistent growth in the number of physicians.
Future trends to watch for include:
- Impact of policy changes on medical education and immigration of healthcare professionals.
- Effects of telemedicine advancements on the demand for in-person medical practitioners.
- Demographic shifts, such as aging populations, affecting the need for specialized medical services.