Over the past decade, the share of professional nurses and midwives employed in hospitals in Australia has been on a consistent decline. From an initial value of 47.36% in 2013, this figure has dropped steadily to 40.38% in 2023. This marks a notable decrease, with the compound annual growth rate (CAGR) reflecting a negative trend year-on-year. Specifically, the past five years show a CAGR of -0.69% between 2018 and 2023, highlighting the persistent downward trajectory.
Looking ahead, forecasts suggest this downward trend will continue, with the share projected to fall to 38.74% by 2028. The forecasted CAGR from 2024 to 2028 is also negative, at -0.66%, indicating a sustained decline over the next five years.
- 2014: -5.98% YoY, -1.25% CAGR
- 2017: -4.58% YoY, -2.57% CAGR
- 2022: -0.8% YoY, -0.44% CAGR
- 2023: -0.83% YoY, -0.69% CAGR
Future trends to watch for include potential changes in healthcare policies, technological advancements affecting healthcare delivery, and demographic shifts that might influence the demand for hospital-based care. Monitoring these factors will be crucial in understanding and potentially mitigating the declining trend in the share of nurses and midwives employed in hospitals.
