The employment in basic pharmaceutical products and pharmaceutical preparations in the US has shown a steady increase from 2013 to 2023, starting at 273.0 thousand units and reaching 308.0 thousand units in 2023. The year-on-year variation has generally been positive, with notable increases in 2017 and 2019, each showing a growth rate above 2%. The compound annual growth rate (CAGR) over the last five years stands at 1.14%, indicating consistent albeit modest growth.
Future trends to watch for include:
- Continued moderate growth in employment, with a forecasted CAGR of 0.57% over the next five years, reaching 319.0 thousand units by 2028.
- Automation and technological advancements, which may impact job roles and demand within the sector.
- Regulatory changes and healthcare policy developments that could influence industry dynamics.