Between 2013 and 2023, the share of physicians employed in hospitals in the US saw fluctuations with moderate growth starting from 4.72 units in 2013 to 5.05 units in 2023. The year-on-year variations demonstrate minor ups and downs, with notable decreases in 2015 and 2017, countered by growth spurts in 2016 and 2021. The Compound Annual Growth Rate (CAGR) has varied year-on-year, where 2023 shows a CAGR of 0.65.
Looking forward, the data from 2024 to 2028 shows a forecasted steady increase, with a forecast 5-year CAGR of 0.54 and an expected total growth rate of 2.75%. By 2028, the share is projected to reach 5.23 units.
Future trends to watch for include the impact of technological advancements in hospital care, changes in healthcare policies, and the potential influence of telehealth and remote services, which could alter employment dynamics within hospitals.
