According to the Market Statsville Group (MSG), the Global Healthcare Staffing Market size is expected to grow from USD 37.9 billion in 2021 to USD 66.8 billion by 2030, at a CAGR of 6.5% from 2022 to 2030. Healthcare staffing is the placement of healthcare personnel in healthcare institutions by third-party contractors. 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. To improve patient happiness, the institution guarantees clinician quality, fills staffing shortfalls, and improves hospital consumer perception of healthcare professionals. Healthcare staffing is growing more common in hospitals, clinics, and research facilities. The growing need for physician extenders and the increasing number of government initiatives are driving the expansion of the healthcare staffing industry. However, the impact of nursing shortages hampers market expansion.
Global Healthcare Staffing Market Definition
Increased awareness of the benefits of temporary work, job-related incentives, and the availability of possibilities is driving market expansion. One of the key causes of growing healthcare employment is technology. Medical device advancements have resulted in different breakthroughs, such as medical informatics and telemedicine, increasing the demand for a competent labour force to manage both technical and non-technical elements of these devices.
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Significant increases in the number of government and non-government hospitals, long-term care facilities, acute care centres, and other types of healthcare institutions are predicted to fuel market expansion. The expansion of hospitals is being driven by improvements in healthcare infrastructure and increased investment in public health. New legislation is planned to provide allied health professionals, particularly nurses, the right to act as patients' principal advocates by creating health plans to assist improved treatment. Such legislation safeguards and promotes people' right to make informed healthcare decisions.
Global Healthcare Staffing Market Dynamics
Drivers: The Geriatric Population is Likely to Drive The Market
The growing elderly population, which is more prone to chronic illnesses and requires intense care, is the primary driving force for the market. Furthermore, increased awareness, an increase in the number of healthcare units, an increase in the healthcare industry's budget, and temporary employment are some of the elements that contribute to market growth. A new approach to finding qualified workers is being developed to meet the needs of a new generation of nurses.
Restraints: The Lack of Adequate Facilities may Limit Market Growth
The healthcare industry has been confronted with several issues, including a global shortage of competent workers. In addition, limited facilities and professional dedication provided by healthcare workers are some of the significant challenges that may hinder market expansion. Evidence reveals that nurse and physician enrollment are in limited supply, restricting the future supply of healthcare professionals at a time when the need for medical workers is increasing.
Scope of the Global Healthcare Staffing Market
The study categorizes the healthcare staffing market based on service type and end user at regional and global levels.
By Service Type Outlook (Sales, USD Billion, 2017-2030)
Travel Nurse Staffing
Per Diem Nurse Staffing
Locum Tenens Staffing
Allied Healthcare Staffing
Others
By End User Outlook (Sales, USD Billion, 2017-2030)
Hospitals and Clinics
Pharma
Clients
Government Agencies
By Region Outlook (Sales, USD Billion, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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Locum tenens accounts for the highest CAGR during the forecast period by service type
Based on the service type, the healthcare staffing market has been categorized into travel nurses, per diem nurses, locum tenens, and allied healthcare. Locum tenens segment is the fastest growing segment with highest CAGR due to employers' cost-effectiveness and physicians' need for locum tenens labour. Because it is more cost-effective, hospitals, organisations, and clinics choose locum tenens during high seasons and when a permanent physician is on vacation.
North America accounts for the largest market share by Region
Based on the regions, the global healthcare staffing market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America led the market, accounting for more than 40.0 percent of sales in 2021. The local presence of key market participants, a growth in the senior population, and an increase in hospital need for healthcare professionals due to financial setbacks involved with recruiting permanent employees are some of the primary factors leading to this region's largest share. Moreover The fact that contract employment does not carry the duties that are normally associated with permanent workers may explain the growing demand. As a result, such market trends are likely to assist North America in dominating the overall market.
Key Market Players in the Global Healthcare Staffing Market
The global healthcare staffing market is highly competitive with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations.
Major players in the global healthcare staffing market are:
Almost Family
Adecco Group
CHG Management, Inc.
AMN Healthcare
Cross Country Healthcare, Inc.
Envision Healthcare Corp.
LocumTenens.com
TeamHealth
Maxim Healthcare Services Inc.
Syneos Health, Inc.
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