Analysis of the number of pharmacist graduates in South Korea reveals a significant fluctuation over the years. In 2023, the figure stood at 1,770 persons, indicating a marginal year-on-year increase of 1.14%. The past two years saw a decline of 10.92% in 2022, followed by the minor increase in 2023. Over the last five years, from 2019 to 2023, the pharmacists' graduates experienced an average annual decrease of 1.8%. Looking forward, from 2024 to 2028, the forecast suggests a gradual annual growth rate (CAGR) of 0.83%, implying a slight upward trend in pharmacist graduates.
Future trends to watch for include:
• Changes in educational policies or government initiatives aimed at increasing the number of healthcare professionals.
• Economic and demographic factors affecting long-term demand for pharmacists.
• Potential impacts of technological advancements and automation in the pharmaceutical field.
