In 2023, the data indicated that 14.12% of practicing physicians aged 55-64 were male. According to the forecast, this percentage is expected to decline consistently over the next five years, dropping to 12.59% by 2028. The year-on-year decrease is approximately 2.31% from 2024 to 2025, 2.30% from 2025 to 2026, 2.28% from 2026 to 2027, and finally about 2.17% from 2027 to 2028. The compound annual growth rate over these five years averages a yearly decline of around 2.4%.
Future trends to watch for:
- The impact of retirement on the demographics of practicing male physicians.
- Potential shifts in workforce due to changes in healthcare policies or medical education trends.
- Aging population dynamics affecting the supply-demand balance in the medical profession.