In 2023, the total hours worked in human health services in the US stood at approximately 23.92 billion hours. Forecasting forward, the total hours show a consistent growth pattern, with year-on-year growth close to 1.24% in 2024 and continuing to 2028, reaching 25.38 billion hours. The compound annual growth rate (CAGR) for the period 2024 to 2028 is anticipated to be around 1.2% annually.
Future trends to watch for:
- Advancements in healthcare technologies could increase efficiency, potentially impacting hours worked.
- Aging population may demand more healthcare services, influencing overall labor hours.
- Policy changes and healthcare reforms could alter operational dynamics in the sector.