The number of physicians employed in hospitals in the US has witnessed a steady increase from 269.81 thousand in 2013 to 337.11 thousand in 2023, representing a year-on-year variation of 1.91% in 2023. Over the last two years, the average yearly growth rate (CAGR) was 1.82%. From 2013 to 2023, the average yearly growth rate stood at 2.62%. Based on forecasted data, this trend is projected to continue, with the number of employed physicians expected to reach 367.81 thousand by 2028, achieving a five-year CAGR of 1.38% and an overall growth rate of 7.12%.
Future trends to watch for:
- Increased integration of telemedicine may influence hospital employment dynamics.
- Potential changes in healthcare policies impacting physician employment rates.
- Ongoing advancements in medical technologies affecting workforce requirements.
- Shifts in healthcare demand due to demographic changes such as an aging population.
- Possible impacts of economic factors and funding on hospital staffing levels.