Healthcare Staffing Market Research Report 2024
Healthcare Staffing Market Global Industry Analysis And Forecast (2024- 2032) By Service Type (Travel Nurse, Per Diem Nurse, Locum Tenens, Allied Healthcare), By End-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, Private Sector), And by Region
Healthcare Staffing Market Synopsis
The Global Healthcare Staffing Market was worth USD 39.46 Billion in 2023. As such, the forecast is that the market is expected to reach USD 72.24 Billion by 2032 with a CAGR of 6.95 % from 2024 to 2032.
The Healthcare Staffing Market refers to the sector involved in the recruitment, deployment, and management of healthcare professionals for various healthcare facilities. This market encompasses a broad range of staffing services, including temporary, permanent, and travel staffing solutions, to address the evolving needs of healthcare organizations. The market plays a crucial role in ensuring that healthcare providers have the right personnel to deliver quality care to patients.
The healthcare staffing market is expanding rapidly due to the increasing demand for healthcare services driven by the aging global population. Older adults often require more medical attention, leading to a higher need for healthcare professionals.Technological innovations in healthcare are also fueling market growth. Advanced healthcare technologies and electronic health records require skilled professionals, further driving the demand for staffing services to manage and operate these technologies.
Changes in healthcare policies and regulations have a significant impact on the staffing market. Reforms often lead to shifts in demand for various healthcare roles and specialties, prompting healthcare facilities to adapt their staffing strategies accordingly. A persistent shortage of healthcare professionals in many regions is a major driver of the healthcare staffing market. This shortage creates a strong demand for temporary and permanent staffing solutions to fill gaps and ensure continuous patient care.
Top Key Players Involved Are:
"AMN Healthcare (USA), Cross Country Healthcare (USA), Randstad Healthcare (Netherlands), Medical Solutions (USA), Aya Healthcare (USA), TeamHealth (USA), CHG Healthcare (USA), Jackson Healthcare (USA), NurseFly (USA), BHS Staffing (USA), Fidelis Partners (USA), ProLink Healthcare (USA), LocumTenens.com (USA), Barton Associates (USA), PPR Travel Nursing (USA), MSPA (USA), Allied Healthcare (UK), RCM Health Care Services (USA), Mediscan (USA), CompHealth (USA), MedTravelers (USA), KPG Healthcare (USA), Soliant Health (USA), Supplemental Health Care (USA), Medical Staffing Network (USA), Nurse Staffing (USA), and Other Active Players."
Healthcare Staffing Market Trend Analysis
Increasing Demand for Healthcare Services:
- The primary driver of the healthcare staffing market is the increasing demand for healthcare services. This surge is largely attributed to the growing and aging global population, which requires more frequent medical care. As the number of elderly individuals rises, so does the prevalence of chronic diseases and conditions that need ongoing management, thereby amplifying the need for healthcare professionals.
- Healthcare facilities are struggling to keep up with this rising demand due to the shortage of qualified staff. This gap necessitates the recruitment of temporary or permanent healthcare professionals to ensure that patient care standards are maintained. As the healthcare system strives to accommodate this increase in patient numbers, the role of staffing agencies becomes crucial in providing the necessary workforce.
- The complexity of modern healthcare services—driven by technological advancements and specialized treatment options—further intensifies the need for a skilled workforce. The shortage of healthcare professionals with the necessary expertise exacerbates this issue, making staffing solutions an essential component of the healthcare sector.
- The escalating demand for healthcare services is a pivotal factor driving the growth of the healthcare staffing market, underscoring the need for effective staffing solutions to meet the evolving needs of patients and healthcare providers.
Growing Geriatric Population Across The Globe:
- The growing geriatric population globally presents a substantial opportunity for the healthcare staffing market. With the elderly more prone to diseases and extended hospital stays, there is an escalating need for skilled healthcare workers. According to the World Health Organization (WHO), by 2030, one in six people worldwide will be aged 60 and above, and this demographic is expected to double to 2.1 billion by 2050. This surge in the elderly population directly drives the demand for trained healthcare professionals.
- The expansion of healthcare facilities worldwide further amplifies market prospects. With approximately 6,093 hospitals in the U.S. alone, this investment in healthcare infrastructure is set to bolster the need for healthcare staffing. These factors collectively fuel growth in the healthcare staffing market, highlighting its significant potential for expansion and development.
Healthcare Staffing Market Segment Analysis:
The Global Healthcare Staffing Market is Segmented into Service Type, End User, and Region.
By Service, the Allied Healthcare segment is expected to dominate the market during the forecast period.
- the Allied Healthcare staffing segment emerged as the dominant force in the healthcare staffing market, underscoring its crucial role within the healthcare system. Allied healthcare professionals are pivotal in ensuring the smooth operation of healthcare facilities by delivering a range of technical, diagnostic, therapeutic, and support services that are essential for patient care.
- Unlike their counterparts in nursing, pharmacy, and medicine, allied healthcare workers focus on specialized technical roles and support functions. This category encompasses a broad spectrum of professionals, including pharmacy assistants, home health aides, dental assistants, and operating room technicians. Their diverse skill sets and contributions are vital in maintaining the efficiency and effectiveness of healthcare delivery, highlighting their integral role in the overall healthcare landscape.
By End User, the Hospital segment held the largest share in 2023.
- The hospital segment is projected to be a leading force in the healthcare staffing market. This anticipated dominance is driven by a substantial rise in the number of government and private hospitals, spurred by increased public health spending and enhancements in healthcare infrastructure. As governments bolster their healthcare investments, new regulations are empowering healthcare workers, particularly nurses, to become primary advocates for patients. These regulations aim to facilitate superior care by promoting patient-centered health plans and supporting individuals' rights to make informed health decisions.
- Hospitals are expanding their workforce in alignment with government-mandated standards for healthcare professional ratios. This regulatory environment is leading to an increase in staffing levels to meet patient care requirements. Consequently, the hospital sector is set to significantly influence market growth, driven by both legislative support and evolving healthcare needs.
Healthcare Staffing Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- North America emerged as the dominant force in the global healthcare staffing market in 2023, capturing the largest market share. Several key factors contribute to this leading position. Foremost among these is the substantial presence of major market players within the region. These companies have established a robust infrastructure and a significant footprint, driving the market's growth. Additionally, the region is experiencing a notable increase in its geriatric population, which intensifies the demand for healthcare services and, consequently, for qualified medical staff.
- Another critical factor is the financial strain faced by hospitals, which has led to a growing reliance on temporary staffing solutions. With budgetary constraints making it challenging to hire permanent staff, hospitals are increasingly turning to temporary and flexible staffing options to meet their needs. These dynamics collectively underscore North America's pivotal role in shaping the healthcare staffing landscape globally.
Healthcare Staffing Market Top Key Players:
- AMN Healthcare (USA)
- Cross Country Healthcare (USA)
- TeamHealth (USA)
- CHG Healthcare (USA)
- com (USA)
- Medicorp (USA)
- Healthcare Staffing Professionals, Inc. (USA)
- Allied Health Group (USA)
- Barton Associates (USA)
- Weatherby Healthcare (USA)
- Randstad Healthcare (Netherlands)
- Jackson & Coker (USA)
- Nursefinders (USA)
- Soliant Health (USA)
- Harris Medical Associates (USA)
- Aya Healthcare (USA)
- Maxim Healthcare Services (USA)
- The Judge Group (USA)
- One Call Care Management (USA)
- Envision Healthcare (USA)
- Medix (USA)
- PPR Travel Nursing (USA)
- Renaissance Healthcare (USA)
- Supplemental Health Care (USA)
- InGenesis (USA)
- Healthcare Partners (USA), and Other Active Players.
Key Industry Development:
- In January 2023, Healthcare staffing industry veteran Sigrid Boring announced the launch of ConTemporary Locums LLC, a new firm aimed at revolutionizing the physician staffing landscape. The company was established to improve the physician staffing experience by offering clients access to an exceptionally diverse pool of physician expertise and candidates. Boring’s venture sought to address gaps in the market by providing tailored staffing solutions that better meet the needs of healthcare providers. The launch of ConTemporary Locums LLC marked a significant development in enhancing the quality and breadth of staffing services available in the healthcare sector.
- In April 2023, MN Enterprises announced the launch of its latest venture, MedAdventures, a healthcare staffing firm dedicated to addressing the critical staffing shortages in medical facilities. MedAdventures aimed to revolutionize healthcare recruitment by offering tailored workforce solutions and comprehensive career support. With a focus on enhancing job satisfaction and providing meaningful employment, the firm sought to deliver high-quality recruitment services while partnering with healthcare organizations to deliver holistic and cost-effective staffing solutions. This new initiative represented MN Enterprises’ commitment to transforming the healthcare staffing landscape and supporting both workers and organizations in the industry.
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Global Healthcare Staffing Market |
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Base Year: |
2023 |
Forecast Period: |
2024- 2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 39.46 Bn. |
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Forecast Period 2024-32 CAGR: |
6.95 % |
Market Size in 2032: |
USD 72.24 Bn. |
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Segments Covered: |
By Service Type |
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By End-user |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Healthcare Staffing Market by Service Type
4.1 Healthcare Staffing Market Snapshot and Growth Engine
4.2 Healthcare Staffing Market Overview
4.3 Travel Nurse
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market
Frequently Asked Questions
What would be the forecast period in the Global Healthcare Staffing Market research report?
The forecast period in the Global Healthcare Staffing Market research report is 2024- 2032
Who are the key players in the Global Healthcare Staffing Market?
AMN Healthcare (USA), Cross Country Healthcare (USA), Randstad Healthcare (Netherlands), Medical Solutions (USA), Aya Healthcare (USA), TeamHealth (USA), CHG Healthcare (USA), Jackson Healthcare (USA), NurseFly (USA), BHS Staffing (USA), Fidelis Partners (USA), ProLink Healthcare (USA), LocumTenens.com (USA), Barton Associates (USA), PPR Travel Nursing (USA), MSPA (USA), Allied Healthcare (UK), RCM Health Care Services (USA), Mediscan (USA), CompHealth (USA), MedTravelers (USA), KPG Healthcare (USA), Soliant Health (USA), Supplemental Health Care (USA), Medical Staffing Network (USA), Nurse Staffing (USA), and Other Active Players.
What are the segments of the Global Healthcare Staffing Market?
The Healthcare Staffing Market is Segmented into Service Type, End-user, and Region. By Service Type, the market is categorized into (Travel Nurse, Per Diem Nurse, Locum Tenens, Allied Healthcare), By End User, the market is categorized into (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, Private Sector). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Global Healthcare Staffing Market?
The Healthcare Staffing Market refers to the sector involved in the recruitment, deployment, and management of healthcare professionals for various healthcare facilities. This market encompasses a broad range of staffing services, including temporary, permanent, and travel staffing solutions, to address the evolving needs of healthcare organizations. The market plays a crucial role in ensuring that healthcare providers have the right personnel to deliver quality care to patients.
How big is the Global Healthcare Staffing Market?
The Global Healthcare Staffing Market was worth USD 39.46 Billion in 2023. As such, the forecast is that the market is expected to reach USD 72.24 Billion by 2032 with a CAGR of 6.95 % from 2024 to 2032.
