In terms of revenue, the Global Healthcare Staffing Market is expected to reach USD 50.4 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 6.20% from 2022 to 2028.
One of the main factors propelling the growth of the Healthcare Staffing market is the significant increase in the elderly population. Rising public awareness of the advantages of job-related perks and temporary employment is another factor anticipated to support the market's expansion throughout the forecast period. Healthcare organizations need help, including increased patient turnover and satisfaction levels. A method for finding qualified employees is being developed to meet the needs of a new generation of nurses. Furthermore, redesigning the employment process from the point of application to recognition to onboarding is essential in this tough climate. Although some organizations have developed a few short-term solutions for handling various compliance requirements, most businesses still need help finding long-term solutions that can grow with the company. Long-term success requires a centralized repository with credential data, as well as accessibility and reflectiveness into credential statuses and expiration dates. Technology solutions are projected to advance diagnostic methodology, connectivity, and communication and expedite workflows as financial margins contract. Nursing practitioners must balance maintaining their position as the public face of patient cares with staying on the cutting edge of current technology.
Key Highlights from the Report:
- Based on Service Types, the Travel Nurse segment dominates the Healthcare Staffing market with the maximum market share and will continue its dominance in the forecast period. This can be attributed to speedy service, low prices, and a nursing shortage.
- Among End-Use Industries, the Hospitals segment accounted for the highest CAGR in the forecast period owing to increased demand from the healthcare system.
- In terms of region, North America holds the significant market share within the Healthcare Staffing market. This is primarily attributable to the presence of large market players locally, an increase in the senior population, and a rise in hospital demand for healthcare personnel due to the financial challenges of hiring permanent employees.
Increased awareness of the advantages of temporary employment, employment-related incentives, and the accessibility of possibilities across the nation are some factors that propel market expansion. Technology is one of the leading forces behind the present surge in healthcare jobs. The requirement for a competent labor force to manage these devices' technical and non-technical components has increased due to developments in medical devices like medical informatics and telemedicine. The number of acute care facilities, long-term care facilities, government and non-government hospitals, and other healthcare institutions is anticipated to expand significantly, significantly accelerating market growth. The number of hospitals is rising due to growing public health funding and enhancing the healthcare infrastructure. The ability to act as patients' major advocates by starting health plans to facilitate better care is anticipated to be granted by new laws to related personnel, particularly nurses. These regulations uphold and advance people's rights to make well-informed healthcare decisions.
The advantages of working as a per diem nurse, travel nurse, or locum tenens are one of the key elements driving the business. In addition to having a strong desire to help others, doctors and nurses place great value on having flexible work schedules. Medical professionals can decide when they are available for work or prepared to accept new tasks thanks to temporary staffing options. The number of people selecting allied healthcare, per diem, travel nursing, or locum tenens as a career is anticipated to rise as working hours are made more flexible, and people are exposed to more healthcare systems across the globe. However, most long-term care facilities had their operations restricted due to the significant increase in COVID-19 infections. In addition, there was a decrease in demand for locum tenens specialists and allied health professionals due to the cancellation of elective treatments.
Additionally, there was a decreased need for nurses at care facilities. Demand for workforce technology solutions and travel nurse staffing services significantly increased during the COVID-19 pandemic. The need for travel and per diem nurses has increased due to COVID-19 infections.
Geographically, North America market is likely to see significant market growth with the highest growth rate in the forecast period. The region's large geriatric population, favorable government laws, well-developed healthcare infrastructure, and accessibility of medical coverage in Healthcare Staffing are all expected to be positive factors for the region's Healthcare Staffing market. Additionally, as the pandemic worsened, groups had to rely more on recruiting outside their immediate area.
The Global Healthcare Staffing Market is Segmented as follows
- Service Types
- Travel Nurse Staffing
- Per Diem Nurse Staffing
- Locum Tenens Staffing
- Allied Healthcare Staffing
- End Uses
- Ambulatory Facilities
- Other End Uses
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Healthcare Staffing Market is
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.)
The Global Healthcare Staffing Market Scope can be Tabulated as below
|Market Size Provided for Years
|2017 - 2030
|2017 - 2021
|2023 - 2030
|Regions & Counties Covered
|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 impact analysis