The forecasted number of professionally active physicians in the US from 2024 to 2028 shows a steady increase. The number is expected to rise from 957.55 thousand in 2024 to 997.42 thousand by 2028. The year-on-year growth rate is relatively consistent, approximately 1% annually. In 2023, the actual number of physicians was slightly lower, marking a continuation of this upward trend. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages around 1.03%, suggesting moderate but stable growth.
Future trends to watch for include:
- The impact of policy changes and healthcare reforms on physician workforce dynamics.
- Trends in medical school enrollment and training capacities influencing long-term supply.
- Advancements in healthcare technology potentially altering demand for traditional physician roles.