The number of physicians employed in hospitals in South Korea has exhibited a steady growth trend from 2013 to 2023. By 2023, it reached 69.33 thousand persons, marking a year-on-year increase of 2.08% and a 5-year CAGR of 2.1%. Historic data indicates a general upward trend with varying year-on-year percentage increases, with the highest growth of 6.49% reported in 2013 and the lowest of 1.2% in 2021.
Future trends to watch for include:
- The forecasted 5-year CAGR from 2024 to 2028 is expected to be 1.5%, indicating a deceleration in growth rate.- The total number of physicians by 2028 is projected to reach 76.19 thousand persons, representing a total growth of 7.72% over the next five years.- External factors such as healthcare policies, investment in medical education, and technological advancements could further influence these trends.
