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2023

Healthcare Staffing Market

Healthcare Staffing Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by End-user : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Healthcare

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Author's: Naga Surya Sanka| Siddharth Pagariya | Surya Sanka
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Healthcare Staffing Market Statistics

The global healthcare staffing market size was valued at $40.1 billion in 2021, and is projected to reach $89.8 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031. The healthcare staffing sector is expanding due to the increased demand for healthcare employment worldwide. The advent of COVID-19 has resulted in tremendous growth in the healthcare staffing business. The need for healthcare providers was at an all-time high due to the rising patient population throughout the world.

Healthcare Staffing Market

A broad range of services is provided by healthcare staffing, including identifying eligible individuals, employing technology to verify the credentials of candidates and employees, validating abilities, confirming licenses and certifications, and performing any other screening processes. Accreditation demonstrates a medical staffing company's commitment to providing services of a higher standard.

Market Dynamics

The market developed considerably at this time as a result of the rising demand for healthcare workers from hospitals. Along with these problems, effective workforce policies that facilitate the recruitment and retention of trained healthcare professionals are urgently needed to meet these expanding demands, which place tremendous strains on healthcare systems worldwide. These factors drive the healthcare staffing market growth.

Robotics and automation are replacing traditional approaches to medical staffing in the healthcare industry due to the growing use of artificial intelligence and robots, such as the use of robotic-assisted surgery, which enables doctors to carry out a variety of complex operations with greater precision, flexibility, and control. The increasing need for automation, which is expected to restrain the expansion of the healthcare staffing industry, limits the opportunity for the global healthcare staffing market.

The number of non-government and government hospitals, long-term care facilities, acute care facilities, and other healthcare systems is predicted to increase dramatically increasing market growth. Increased public health financing and improved healthcare infrastructure have led to an increase in the number of hospitals. New regulations are anticipated to give connected professionals, especially nurses, the power to act as the patient’s primary advocates by initiating health plans to support better care. The right of individuals to make informed healthcare decisions is upheld and advanced by these policies. All these factors are anticipated to boost the healthcare staffing market share.

Impact of COVID-19 on the Global Healthcare Staffing Industry

  • COVID-19 has positively impacted various healthcare industry sectors such as hospitals, clinics, and home care settings. There was a significant upsurge in the healthcare staffing demand globally.
  •  The COVID-19 pandemic has increased the need for healthcare workers as public hospitals scramble to fill openings for doctors, nurses, and other medical professionals.
  • The coronavirus pandemic outbreak increased the need for workforce and employment solutions. As the rate of infections increased, thus increased the demand for travel and per diem nurses.
  • In response to the rapid spread of the COVID-19 pandemic, government funding was diverted to the healthcare sector, which positively impacted the market.

Segments Overview

The global healthcare staffing market is segmented on the basis of type, end-user, and region. According to type, the market is classified into allied healthcare staffing, per diem nurse staffing, travel nursing, and locum tenens staffing. On the basis of end users, the market is classified into hospitals, clinics, clients, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By Type

On the basis of type, the allied healthcare staffing segment dominated the market in 2021. Allied healthcare professionals operate in healthcare facilities primarily to maintain the operation of the healthcare system by providing technical, diagnostic, therapeutic, and support services. This distinguishes them from nursing, pharmacy, and medical employees. Allied healthcare workers include those who provide assistance, including technicians such as pharmacy assistants, home health aides, dental assistants, and technicians for operating rooms.

Healthcare Staffing Market by Type

By End Users

On the basis of end users, the hospital's segment dominated the global healthcare staffing market share in 2021. The growth of this segment can be attributed to the use of healthcare staffing for providing healthcare-related services such as patient care. These applications of healthcare staffing in hospitals are bound to create a scope of growth for the segment during the forecast period.

Healthcare Staffing Market by End-user

By Region

On the basis of region, North America dominated the global market in 2021 due to the increase in the prevalence of physical and medical disorders due to the aging population. The rise in the geriatric population, improved healthcare infrastructure, effective government legislation, and a high demand for healthcare staff are expected to drive the market growth in North America. For instance, according to the Bureau of Labor Statistics (BLS), over 500,000 nurses will retire during the next several years. In addition, the Association of American Medical Colleges predicts a shortage of 21,000 to 55,200 primary care doctors by 2032.

Healthcare Staffing Market by Region

The key players profiled in this report include AMN Healthcare, Envision Healthcare Corporation, CHG Management, Inc., Maxim Healthcare Group, Cross Country Healthcare, Inc., Trustaff, Aya Healthcare, Team health, Adecco Group, and Locumtenens.Com

    Key Benefits for Stakeholders

    • This report provides a quantitative analysis of the healthcare staffing market size, segments, current trends, estimations, and dynamics of the healthcare staffing market analysis from 2021 to 2031 to identify the prevailing healthcare staffing market opportunities.
    • The market research is offered along with information related to key drivers, restraints, and opportunities.
    • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
    • In-depth analysis of the healthcare staffing market segmentation assists to determine the prevailing market opportunities.
    • Major countries in each region are mapped according to their revenue contribution along with the healthcare staffing market opportunity in the respective regions.
    • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
    • The report includes the analysis of the healthcare staffing market forecast, regional as well as global healthcare staffing market trends, key players, market segments, application areas, and market growth strategies.

    Healthcare Staffing Market Report Highlights

    Aspects Details
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    Market Size By 2031

    USD 89.8 billion

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    Growth Rate

    CAGR of 8.9%

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    Forecast period

    2021 - 2031

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    Report Pages

    300

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    By Type
    • Allied Healthcare Staffing
    • Per Diem Nurse Staffing
    • Travel Nursing
    • Locum Tenens Staffing
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    By End-user
    • Hospitals
    • Clinics
    • Clients
    • Others
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    By Region
    • North America  (U.S., Canada, Mexico)
    • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
    • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
    • LAMEA  (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)
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    Key Market Players

    teamhealth, Maxim Healthcare Group, Aya Healthcare, Adecco Group, Cross Country Healthcare, Inc., AMN Healthcare Services Inc., Envision Healthcare Corporation, locumtenens.com, CHG Management, Inc, trustaff

    Analyst Review

    The major reason for the increasing demand for healthcare staffing is rising levels of healthcare spending and the aging population. Also, healthcare facilities have struggled to predict patient inflow, resulting in changes in the need for staffing workers and growing demand for healthcare staffing services. Also, with the world suffering a scarcity of skilled healthcare providers, governments are inventing a variety of novel techniques to save precious human lives. However, the rising use of artificial intelligence and robotics in the healthcare system is anticipated to hamper the healthcare staffing market. In addition, factors such as an increase in the number of public and non-government hospitals, emergency care centers, long-term care facilities, and other types of medical facilities are likely to generate enough opportunities for key participants in the healthcare staffing market.

    Among the analyzed regions, North America is expected to account for the highest revenue in the market by 2031, followed by Asia-Pacific, Europe, and LAMEA. The increase in the aging population is the key factor responsible for the leading position of North America and Asia-Pacific in the healthcare staffing market.

    Author Name(s) : Naga Surya Sanka| Siddharth Pagariya | Surya Sanka
    Frequently Asked Questions?

    The rising geriatric population is one of the most pressing concerns confronting developing countries worldwide. The prevalence of chronic conditions in the elderly population is also expected to drive demand for the healthcare staffing market.

    The hospital segment from end users acquired the maximum share of the global healthcare staffing market in 2021

    Asia-Pacific will provide more business opportunities for the global healthcare staffing market in the future.

    AMN Healthcare, Envision Healthcare Corporation, and CHG Management are the major players in the healthcare staffing market.

    The major growth strategies adopted by the healthcare staffing market players are product launches and mergers & acquisitions.

    Hospitals are the key customers in the global healthcare staffing market.

    The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global healthcare staffing market from 2021 to 2031 to determine the prevailing opportunities.

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    Healthcare Staffing Market

    Global Opportunity Analysis and Industry Forecast, 2021-2031