The number of practicing psychiatrists in the US was 48.52 thousand in 2023. The forecast from 2024 to 2028 shows a steady rise, reaching 49.91 thousand by 2028. The year-on-year growth from 2024 to 2028 remains consistent at approximately 0.5% annually. The cumulative annual growth rate (CAGR) over this five-year period is about 0.55%.

Future trends to watch for include:

Changes in mental health policies and their impact on demand for psychiatric services.
The effect of telepsychiatry and technology on psychiatric practice expansion.
Potential shifts in psychiatric workforce due to retirement and new entrants.