USD 36.2 billion
Healthcare Staffing Market Size, Share, Growth Analysis, By Service Type(Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, and Allied Healthcare Staffing), By End User(Hospitals, Clinics, Ambulatory, Facilities), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2048 |
Region:
Global |
Published Date: October, 2024
Pages:
241
|Tables:
65
|Figures:
75
Healthcare Staffing Market Insights
Global Healthcare Staffing Market size was valued at around USD 36.5 billion in 2022 and is expected to rise from USD 38.9 billion in 2023 to reach a value of USD 65.9 billion by 2031, at a CAGR of 6.8% over the forecast period (2024–2031).
The global increase in demand for healthcare jobs is driving growth in the healthcare staffing industry. Since the onset of COVID-19, the healthcare staffing industry has experienced remarkable development. As the number of patients worldwide increased, there was a greater need than ever before for healthcare professionals. Healthcare staffing offers a wide range of services, such as determining who is eligible, using technology to look up candidates' and workers' credentials, assessing skills, verifying licenses and certifications, and carrying out any additional screening procedures. A medical staffing company's dedication to offering services of a higher calibre is demonstrated by their accreditation.
The market is expected to grow significantly as the number of government and non-government hospitals, acute care centres, long-term care institutions, and other healthcare systems rises. More hospitals have been built as a result of better healthcare infrastructure and more funding for public health. To promote better treatment, new regulations are expected to empower connected professionals—particularly nurses—to take the lead as the patient's main advocate by launching health plans. Individuals' right to make educated healthcare decisions is respected and promoted by these policies. The global healthcare staffing market is expected to increase because of all these factors.
US Healthcare Staffing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Locum Tenens Staffing
Fastest Growth
Locum Tenens Staffing
Growth Rate
6.93% CAGR
Global Healthcare Staffing Market ($ Bn)
Country Share for North America Region (%)
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Healthcare Staffing Market Segmental Analysis
Global Healthcare Staffing Market is segmented by Service type, End Use, and region. Based on Service Type, the market is segmented into Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, and Allied Healthcare Staffing. Based on End Use, the market is segmented into Hospitals, Clinics, Ambulatory Facilities, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
As per categorization by type, the market is classified as allied healthcare staffing, per diem nurse staffing, travel nursing, and locum tenens staffing. Among these, allied healthcare staffing earned the largest share and continue to hold the dominant global healthcare staffing market share. Allied healthcare staffing is on the ascent in the worldwide healthcare staffing market owing to the increasingly specialized nature of healthcare professionals such as radiographers, physiotherapists, and lab assistants. These professionals are important to core medical teams and assist in ensuring that the flow of activities within a healthcare facility is consistent. The reasons for the growth of allied healthcare staffing include the increasing elderly population, changes in healthcare provision, and the need to customize staff, which provides hospitals and clinics with a highly skilled workforce to fill the gaps caused congested patient care settings.
Per diem nurse staffing is set to become the fastest-growing segment in the global healthcare staffing market due to its flexibility and cost-effectiveness. In recent years, healthcare organizations have been employing per diem nurses more and more to meet the temporary patient care needs or adjust patient care levels due to busy times, without the need to hire full-timers. This approach allows hospitals, clinics, and other medical facilities to run cost effectively while lessening the risks incurred with overheads on full-time staff. The expansion of this segment is however mostly driven by high demand for per diem nurses due to the shortage of nurses as well as the emergence of telemedicine and urgent care centers.
Analysis by End-User
The hospitals segment is a dominant force in the global healthcare staffing market, driven by ongoing innovations in patient care and hospital management systems. Workforce management solutions, scheduling powered by artificial intelligence, or telemedicine services are becoming common in hospitals to ensure the proper balance of staff, enhance productivity, and cut operational expenses. The segment is also growing due to increasing need for skilled human capital such as nurses, physicians, and allied health personnel to administer complex patient requirements. This is due to most hospitals contend with increasing patient loads, the elderly population requires healthcare caregivers, advanced medical professionals for high-quality services, operational safety, and maintains the services disruption free.
The client segment in the global healthcare staffing market is poised for rapid growth, driven by the increasing reliance on external staffing solutions by healthcare organizations. Due to the challenges of workforce shortage, high facility cost turnover and requirement of specialized skills, medical institutions such as hospitals, clinics, and long-term care facilities have resorted to quickly plugging gaps with the services of staffing agencies. controlled group model. Moreover, the rise of healthcare outsourcing and flexible staffing models and the quest for scalable workforce solutions make the client segment a more important one. Looking ahead, the client segment is expected to grow considerably in the near future propelled by the increasing demand among healthcare providers for cost-effective and flexible staffing solutions.
Global Healthcare Staffing Market Size By Service Type
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Healthcare Staffing Market Regional Insights
North America is dominating the global healthcare staffing market due to its advanced healthcare infrastructure, high healthcare spending, and the presence of leading healthcare organizations. The region has been experiencing an unprecedented increase in the requirement of clinical personnel, influenced by the growth of the older population, the rise of chronic diseases and conditions, and the patients’ demand for better quality healthcare. Moreover, healthcare staffing solution providers are already entrenched in North America with out-of-the-box creative measures for any workforce gaps that may be experienced. The United States and Canada economies also have supportive regulation on the movement and hiring of workforce, hence the rise of North American healthcare staffing innovation and development.
According to global healthcare staffing market forecast, Europe is the fastest-growing region, due to a combination of an aging population, increasing healthcare demands, and significant advancements in medical technology. As the demand for healthcare providers continues to rise with a particular focus on geriatric care capacity and management of chronic illnesses, several European nations are seeking to develop workforce solutions to curtail the shortages experienced in the sector. Besides, the growth of telehealth and the digital transformation of healthcare have also increased the need for flexible staffing solutions. Health care professional and other skilled health care worker demand continues to grow in EU member states owing to healthcare access policies being implemented thereby causing speedy growth of the global healthcare staffing market in the region.
Global Healthcare Staffing Market By Region
- Largest
- Fastest
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Healthcare Staffing Market Dynamics
Healthcare Staffing Market Driver
Rise in Aging Population on Staffing Needs
- In sectors like healthcare, staffing is mainly determined by the ageing population since this leads to an increase in demand for services. This is due to older people have complex health issues and therefore a larger workforce comprised of nurses, caregivers, access to physical medicine and rehabilitation, among other services, is often needed to take care of the chronic illness and old age-related diseases.
Expansion of Telehealth Services
- In addition to the above, another factor contributing to the global healthcare staffing market growth is the increasing telehealth service. With more patients receiving healthcare services remotely, there is a growing pool of patients who will need telemedicine services from doctors and nurses consequently heightening the need for staffing flexibility to cater for a mix of insync virtual consultations and services.
Healthcare Staffing Market Restraints
Challenges in Maintaining Workforce Availability
- The excessive amount of burnout experienced by healthcare professionals is a major hindering factor affecting the global healthcare staffing market. Chronic Stress, Extended Working Hours, and Emotional Exhaustion have adverse effects on both young nurses and the geriatric patient causing reduction in the availability of workforce, low job retention and high resignations, which in turn create adverse effect on the staffing levels within healthcare institutions.
Technological Barriers in Healthcare Staffing
- Although developing technologies is important, especially in the medical field, advancement of new technologies in the staffing processes becomes a drawback. Several healthcare facilities have trouble embedding high-level systems like artificial intelligence tasking scheduling tools and online recruitment systems into their staffing processes which makes the staffing processes much slower and increases adherence to conventional means thus limiting market growth.
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Healthcare Staffing Market Competitive Landscape
The global healthcare staffing market is stirred with extremely competitive factor as several players provide workforce solutions across different sectors. Major global players present in this market comprise AMN Healthcare, Cross Country Healthcare, CHG Healthcare, and Adecco Group. These organizations offer a variety of staffing services including health care staffing agencies temporary staff to permanent personnel recruitment due to the high circulation of health care providers. Factors that motivate competition include technology, flexible staffing schedules and access to highly specialized professionals because of increasing global health care.
Healthcare Staffing Market Top Player's Company Profiles
- AMN Healthcare Services, Inc.
- CHG Healthcare Services
- Cross Country Healthcare, Inc.
- Aya Healthcare
- Jackson Healthcare
- Medical Solutions
- Maxim Healthcare Services
- TeamHealth
- Trustaff
- Favorite Healthcare Staffing
- HealthTrust Workforce Solutions
- Supplemental Health Care
- All Medical Personnel
- CoreMedical Group
- Medefis
- Advanced Medical Personnel Services, Inc.
- The Execu|Search Group
- Aureus Medical Group
- Interim HealthCare, Inc.
- Soliant Health
Healthcare Staffing Market Recent Developments
- In June 2024, AMN Healthcare announced a strategic partnership with a leading telehealth platform to expand its virtual healthcare staffing solutions. This collaboration seeks to address the increasing need for virtual care services, particularly during these trying times of the pandemic, by ensuring that healthcare facilities are staffed by remote professionals Americans trust such as nurses and doctors.
- In May 2024, Aya Healthcare launched a new AI-driven staffing platform to improve workforce management efficiency. The system employs artificial intelligence to align doctors with available jobs using latest data resulting in minimal hiring duration and improved overall staffing process for hospitals and clinics within the nation.
- In July 2024, Cross Country Healthcare introduced a new program aimed at providing continuous education and training for its healthcare staff. The aim of the initiative is to enhance the clinical competencies, compliance and patient care of professionals, equipping them with current information and certifications and aiding in meeting the global crisis of healthcare workers.
Healthcare Staffing Key Market Trends
- Shift Towards Telehealth Staffing Solutions: The demand for telehealth staffing solutions is rising as healthcare providers increasingly offer remote consultations. The underlying change necessitates the engagement of healthcare providers who focus on virtual care. This leads to the need for the workforce of staffing agencies to change and provide qualified telemedicine personnel due to the ever-expanding demand for such services.
- Rising Use of AI in Healthcare Workforce Management: The utilization of AI-powered solutions has transformed healthcare staffing by enhancing the processes of recruitment, scheduling, and nursing workforce management. Anesthesiology practices use these technologies to address the issues of care providers’ availability, increase efficiency of care delivery, and maximize role fit of personnel which in turn propels the transition of the hiring industry into digital systems.
Healthcare Staffing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global healthcare staffing industry is experiencing significant growth, driven by factors such as an aging population, rising patient needs, and the increasing demand for healthcare professionals. The sector's expansion is further fueled by innovations in telehealth services and the adoption of advanced staffing technologies.
Even with adverse factors such as employee exhaustion and difficulties in merging existing systems with new technologies, the market is still set to grow further. It is anticipated that the major markets of North America and Europe will retain their lead while other markets will also register growth mainly through innovative staffing solutions such as per diem nurses and allied healthcare professionals.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 36.5 billion |
| Market size value in 2031 | USD 65.9 billion |
| Growth Rate | 6.8% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Healthcare Staffing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Healthcare Staffing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Healthcare Staffing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Healthcare Staffing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare Staffing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Healthcare Staffing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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