In 2023, there were 17,160 male practicing physicians aged 55-64 in the UK. Looking at the forecasted data from 2024 to 2028, the number is expected to rise steadily each year. The year-on-year percentage increase from 2024 to 2025 is 1.72%, from 2025 to 2026 it is 1.64%, from 2026 to 2027 it is 1.61%, and from 2027 to 2028 it is 1.59%. Over the five-year period, the compound annual growth rate (CAGR) is approximately 1.67%.
Future trends to watch for include:
- The evolving dynamics in healthcare demands, which may influence the number of practicing physicians.
- Potential policy changes impacting retirement age or workforce retention.
- The impact of technological advancements on the roles and numbers of physicians required.