Healthcare Staffing Market Size is Expected to Reach at USD 57.2 Billion by 2030, Registering a CAGR of 6.2%, Owing to Significant Increase in the Geriatric Population

Author: Acumen Research and Consulting

Global Healthcare Staffing Market size is projected to be reach at USD 57.2 billion by 2030, with a CAGR of 6.2% over the appropriate years of 2022-2030, as per the Acumen Research and Consulting

In the past few years, the healthcare industry has faced issues such as a global shortage of competent practitioners. According to the World Health Organization (WHO), there was a global shortfall of around 7.2 million healthcare professionals in 2013, with a projected increase to 12.9 million by the end of 2035. The significant expansion of the elderly population is a primary element driving the healthcare staffing market growth. Furthermore, increased awareness about the benefits of job-related perks with temporary staffing is likely to drive the healthcare staffing market value expansion throughout the projected timeframe.

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Healthcare Staffing Market Statistics

  • Global healthcare staffing market revenue was worth USD 33.6 billion in 2021, with a 6.2% CAGR from 2022 to 2030
  • North America accounted for 55.8% of Healthcare Staffing market share in 2021
  • According to a Zippia, Inc. survey, there were 1,696,386 travelling nurses working in the United States in 2020
  • Asia-Pacific healthcare staffing market growth is estimated to climb at a CAGR of 7.1% from 2022 to 2030
  • By service, travel nurse segment capture over 40.4% of overall market share in 2021

Healthcare Staffing Market Introduction

Healthcare staffing assists in the recruitment of qualified healthcare employees. It offers a diverse set of professional connections, sourcing strategies, and clinical familiarity. The healthcare staffing approach enables skilled and competent healthcare personnel to be employed. It addresses a wide spectrum of healthcare demands through its comprehensive network of procurement strategies, clinical experience, and professionals working. To improve patient happiness, the institution assures physician performance, fills staffing shortfalls, and improves hospital consumers' perceptions of healthcare professionals. Healthcare employment is becoming more common in hospitals, physician practices, and research facilities.

Healthcare Staffing Market Trends

The significant expansion of the elderly population is a primary element driving the growth of the healthcare staffing industry. Furthermore, increased awareness of the advantages of job-related privileges with temporary staffing is likely to drive market expansion throughout the projected timeframe. Healthcare organizations have a variety of issues, including maintaining high levels of turnover and raising patient overall satisfaction. To meet the needs of a new era of nurses, a new way of recruiting qualified personnel is being developed. Furthermore, in this competitive market, redesigning the employment process from application through recognition to integration is critical.

Besides that, increased awareness of the advantages of casual employment, job-related benefits, as well as the accessibility of chances in various regions are among several factors driving market expansion. Furthermore, due to the growing lack of healthcare experts, healthcare staffing network services are used. Travel options, short-term contracts, flexible hours, & professional experience at various locales are also available through these organizations. Aside from that, the healthcare staffing recruiting process is more efficient and enables recruiters globally to select from a wide variety of prospects. This, together with the expanding trend of hiring travel doctors, is producing a positive picture for the sector. Aside from that, the top market participants are pursuing acquisitions and mergers in order to broaden their current global footprint and product and boost their market share.

Healthcare Staffing Market Segmentation

The global healthcare staffing market has been segmented by Acumen Research and Consulting based on service.

  • By service, the market is categorized into travel nurse, per diem nurse, locum tenens, and allied healthcare. As per the healthcare staffing market forecast, the travel nurse segment is predicted to develop significantly in the next years. The tremendous growth of the travel nurse staffing category can be attributed to fast service, low cost, and a nursing shortage. This situation is expected to persist in the following years. During the projected period, locum tenens is expected to grow at the quickest rate. These services may offer chances for travel, short-term projects, flexible work schedules, as well as clinical skills in a variety of settings. Increasing knowledge of the benefits of temporary labor and job-related incentives are significant drivers of segment growth.

Healthcare Staffing Market Regional Overview

Geographically, the worldwide healthcare staffing market segmentation is into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. The healthcare staffing industry analysis shows that the North America region dominates the market in 2021. This region holds the majority of the market due to the local presence of key market players, a rise in the elderly population, and a rise in the requirement for healthcare providers by institutions due to financial constraints associated with employing permanent personnel. Some over the age of 65 are significantly more likely than the general population to attend a doctor's office & 3 times more likely to stay in the hospital. An aging population is projected to have a substantial influence on healthcare delivery as they are more prone to suffer chronic illnesses and lifestyle-related disorders.

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Healthcare Staffing Market Players

Some of the prominent healthcare staffing market companies are AMN Healthcare, Adecco Group, Envision Healthcare Corporation, inVentiv Health, Cross Country Healthcare, Inc., Maxim Healthcare Services, Inc., Local Staff, LLC., General Healthcare Resources, Inc., and TeamHealth.

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