The global Healthcare Staffing market is valued at USD 36.11 Billion in 2022 and is projected to reach a value of USD 58.43 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 6.20% over the forecast period.
Healthcare Staffing is third-party contractors' placement of health care personnel in health care institutions. Qualified and skilled healthcare personnel may be employed thanks to the Healthcare Staffing procedure. It addresses a wide spectrum of healthcare demands through its diversified network of sourcing techniques, clinical experience, and professional employees. The institution guarantees clinician quality, fills staffing shortfalls, and improves hospital consumer perception of healthcare professionals to improve patient happiness. Healthcare Staffing is becoming more common in hospitals, clinics, and research facilities.
Healthcare Staffing Market Size, 2022 To 2030 (USD Billion)
The global Healthcare Staffing industry is predicted to increase rapidly as the world's old population grows. A rise in medical professionals volunteering to work as agency personnel is driving the worldwide Healthcare Staffing sector. Employment helps people to attain a better work-life balance while still gaining practical experience in their chosen field. In addition, growth in the number of health care units, an increase in pollutants, and an increase in health care spending are predicted to enhance the global Healthcare Staffing market.
The benefits and perks of working as a per diem nurse, travel nurse, or locum tenens are one of the major elements driving the business. In addition to their desire to help others, doctors and nurses value flexible work schedules. Temporary staffing options allow medical professionals to choose when to work or accept new tasks. Higher working-hour flexibility and increased exposure to diverse healthcare systems in different regions are projected to boost the number of people selecting allied healthcare, per diem, travel nurse, or locum tenens as a career choice. The number of positions for advanced practice nurses, nurse practitioners, and physician assistants (referred to as "physician extenders") is expected to increase by 45% and 31%, respectively, through 2030, according to the US Bureau of Labor Statistics. Undoubtedly, this group of clinicians will play a key role in finding a way to close the physician shortage that is endangering the healthcare delivery system.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
- Power BI Report (Dashboard)
The number of hospitals is increasing as public health spending and healthcare infrastructure improve. New laws are planned to provide relevant employees, notably nurses, the power to serve as patients' primary advocates by establishing health plans to aid improved care. These rules protect and improve people's right to make informed healthcare decisions. Future legislative changes will disperse the centralized power of physicians and specialists, allowing markets to focus on other participants in the health value chain. For instance, in 2021, India passed legislation to control and standardize the training and employment of connected healthcare employees. Government investments in developing countries are anticipated to enhance access to health care through updating their countries' healthcare infrastructure. As a result, the need for healthcare workers is likely to rise. Because of the increased prevalence of chronic diseases such as cancer and diabetes in developing countries, the industry offers great prospects.
Top Market Trends
1. Increasing adoption of modern workforce solutions: Technology adoption is no longer confined to large enterprises or IT companies; contemporary technology is helping smaller businesses and even established organizations such as banks to embrace the digital environment.
2. Growing number of government & non-government hospitals: Over the next several years, the number of non-government and government hospitals, long-term care facilities, acute care facilities, and other healthcare systems is likely to increase dramatically, increasing market expansion.
3. Increasing environmental regulations: Healthcare Staffing has come under scrutiny recently due to its potential environmental impact. As a result, some countries have implemented regulations restricting or prohibiting its use in certain applications.
4. Rising investment by government in healthcare infrastructure: Government investments in developing countries are anticipated to enhance access to healthcare through updating their countries' healthcare infrastructure.
5. Increasing demand for medical professionals: A rise in medical professionals volunteering to work as agency personnel is driving the worldwide Healthcare Staffing sector. Employment helps people to attain a better work-life balance while still gaining practical experience in their chosen field.
The Healthcare Staffing Market is segmented based on the segmentation categories- Service Types, End Uses, and Region. Based on the Service Types, the market is segmented into Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, and Allied Healthcare Staffing. Furthermore, based on the End Uses, the market is further divided into Hospitals, Clinics, Ambulatory Facilities, and Other End Use. In addition, based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Based on Service Types
Travel Nurse Segment Accounted for the Largest Revenue Share Due to Cost-Effective and Fast Service
The rapid growth of the travel nurse staffing category can be attributed to quick service, low cost, and a nursing shortage. This trend is expected to persist in the following years. During the projected period, locum tenens are predicted to expand quickly. Two factors driving the segment growth are employers' cost-effectiveness and physicians' need for locum tenens labor. Because it is more cost-effective, hospitals, organizations, and clinics choose locum tenens during high seasons and when a permanent physician is on vacation or a break. Travel nurses are expected to grow in the coming years at a significant growth rate. Because they assist in bridging the nursing labor shortage, travel nurses are a crucial component of the healthcare team. Patient safety has improved, and patient mortality has decreased due to required nurse-patient ratios. Even though this is a favorable finding and legislation implementing staffing ratios is being passed by an increasing number of states, there need to be more nurses to fill all the slots. Patient outcomes are enhanced, and patient safety is increased when travel nurses are deployed to such vacant posts. The contributions of nurses from various educational backgrounds, care specialties, and geographical regions are also very significant in nursing. Patients and other nurses both gain from the sharing of concepts and techniques.
Based on End-Uses
Hospitals hold the Largest Share of the Market Due to Rising Demand from Healthcare Systems
The hospital segment has dominated the market with the highest revenue share in 2021. Today, most hospitals and healthcare facilities structure their workforce by the stringent guidelines established by the government. Due to patient-centered rules and regulations, big firms are hiring more people to meet the rising demand for healthcare. The complexity of the healthcare system is continually increasing, making it necessary to employ creative solutions to expedite processes whenever possible. Hospitals can transform how they use analytics by incorporating AI and machine learning-driven technologies into review processes. This will allow staff to become better nurse care managers, better clinical thinkers, and more patient-focused, ultimately improving nurse job satisfaction and creating a more seamless system for patients and the people providing the care.
Based on Region
North America is a Prime Revenue Contributor Owing to the Presence of Major Players
North America holds the largest share of the global Healthcare Staffing market in 2021. The highest proportion held by this region is mostly due to the local presence of significant market participants, an increase in the geriatric population, and an increase in the demand for healthcare professionals by hospitals due to financial difficulties connected with recruiting permanent staff. Due to an increase in the need for contract workers in the area, Asia Pacific is anticipated to experience the quickest CAGR growth throughout the projected period. The fact that contract hire does not come with the obligations associated with permanent employment may be a contributing factor in the growing demand. The European Public Service Union anticipates that there will be a 2 million-person healthcare professional deficit in Europe by the year 2022. Additionally, the European Commission estimates that by 2025, there will be 24,009,000 professionals employed in the healthcare sector, with over half of those professionals anticipated to retire or leave the industry for other reasons. These variables will probably drive the market in the upcoming years.
The global Healthcare Staffing market is dominated by companies such as Almost Family, Adecco Group, and CHG Management Inc. because of their unique products, financial stability, strategic advances, and global reach. The participants are focusing their efforts on promoting R&D. Additionally. They support strategic expansion activities, including product launches, joint ventures, and partnerships to expand their client base and boost their market position.
Some of the key players in the Global Healthcare Staffing Market include- Almost Family (U.S.), Adecco Group (Switzerland), CHG Management Inc. (U.S.), AMN Healthcare (U.S.), Cross Country Healthcare Inc. (U.S.), Envision Healthcare Corporation (U.S.), LocumTenens.com (U.S.), TeamHealth (U.S.), Maxim Healthcare Services Inc. (U.S.), Syneos Health Inc. (U.S.) to note a few.
Recent Market Developments
● In May 2022, NurseShifts is a brand-new mobile app and marketplace created for on-demand staffing to assist nurses locate shifts more quickly, according to StaffHealth.com, a top national full-service Healthcare Staffing and recruitment business.
● In May 2021, AMN Healthcare announced that it had successfully acquired Synzi, a full-service virtual care management company. In the home health and outpatient industries, Synzi offers platforms for virtual care and remote patient monitoring. With the help of these solutions, businesses may perform virtual visits and communicate with patients and doctors via secure messaging, text, and email.
Segmentation of the Global Healthcare Staffing Market
- Service Types (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing)
- End Uses (Hospitals, Clinics, Ambulatory Facilities, Other End Uses)
- Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
|Regions & Countries Covered
- North America - (U.S., Canada, Mexico)
- Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
- Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
- Latin America - (Brazil, Argentina, Rest Of Latin America)
- Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
- Almost Family (U.S.)
- Adecco Group (Switzerland)
- CHG Management Inc. (U.S.)
- AMN Healthcare (U.S.)
- Cross Country Healthcare Inc. (U.S.)
- Envision Healthcare Corporation (U.S.)
- LocumTenens.com (U.S.)
- TeamHealth (U.S.)
- Maxim Healthcare Services Inc. (U.S.)
- Syneos Health Inc. (U.S.)
||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
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