In 2023, the number of practising pharmacists in Australia stood at approximately 24.72 thousand persons. Forecasted data predicts a steady increase, with the numbers reaching 25.16 thousand in 2024, and continuing to grow to 26.94 thousand by 2028. Year-on-year variations indicate a consistent growth, starting from a 1.78% increase from 2023 to 2024, and maintaining an approximate annual growth rate of around 1.7 to 1.8% through 2028. The Compound Annual Growth Rate (CAGR) over this five-year period from 2024 to 2028 is estimated to be roughly 1.8%.
Future trends to watch for include potential impacts of healthcare policy changes, advancements in pharmaceutical education, and innovations within the pharmaceutical industry, which could influence the supply and demand for pharmacists. Additionally, demographic shifts such as aging populations could drive further increases in demand for pharmacists’ services.
