Healthcare Staffing Market
Overview and Scope
Healthcare staffing is the process of employing healthcare workers or providers as needed for a particular organization. In addition to ensuring better patient care, adequate healthcare staffing numbers also lessen nurse fatigue, avoid burnout, and boost patient satisfaction.
Sizing and Forecast
The healthcare staffing market size has grown strongly in recent years. It will grow from $43.21 billion in 2023 to $46.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to healthcare workforce shortages, temporary and flexible staffing needs, specialized skill requirements, government regulations and compliance, emphasis on cost-efficiency.
The healthcare staffing market size is expected to see strong growth in the next few years. It will grow to $62.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to focus on mental health services, rise in home healthcare services, diversity and inclusion initiatives, government investment in healthcare, public health preparedness. Major trends in the forecast period include innovative platforms, collaborations and partnerships, strategic investments, technological solutions.
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Segmentation & Regional Insights
The healthcare staffing market covered in this report is segmented –
1) By Service: Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenes Staffing, Allied Healthcare Staffing
2) By Function: Patient Care Staff, Administrative Staff, Support Staff, Technicians, Allied Health Professionals
3) By End User: Hospitals, Pharma, Clients, Government Agencies
North America was the largest region in the healthcare staffing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global healthcare staffing market during the forecast period. The regions covered in the healthcare staffing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing shortage of healthcare staff is expected to propel the growth of the healthcare staffing market going forward. Anyone who works in a healthcare or social care setting, including medical students completing clinical rotations, frontline carers, and other healthcare professionals not directly involved with patients, is considered a healthcare staff. They work to prevent sickness and impairment and are in charge of condition assessment, diagnosis, and treatment. There has been a decline in the healthcare staff in many hospitals across the globe in the recent years. For instance, in February 2022, according to Providertech LLC, a US-based healthcare company reports, as of October 2021, about 16 percent of hospitals were experiencing serious staffing shortages. There will be a projected 3.2 million healthcare worker shortage in the nation by 2026. Therefore, the growing shortage of healthcare staff is driving the growth of the healthcare staffing market going forward.
Key Industry Players
Major companies operating in the healthcare staffing market report are Envision Healthcare Corporation, AMN Healthcare Holdings Inc., CHG Healthcare Services Inc., Maxim Healthcare Group Inc., Cross Country Healthcare Inc., Aya Healthcare Inc., Adecco Group AG, Trustaff Inc., TeamHealth Holdings Inc., LocumTenens.com LLC, Jackson Healthcare LLC, Favorite Healthcare Staffing Inc., Medical Solutions LLC, inVentiv Health Inc., Syneos Health Inc., Aureus Medical Group LLC, CompHealth LLC, CoreMedical Group LLC, CrossMed Healthcare Staffing Solutions LLC, Emerald Health Services LLC, Health Carousel LLC, HealthTrust Workforce Solutions LLC, KPG Healthcare LLC, MAS Medical Staffing LLC, MedPro Healthcare Staffing LLC, MedStaff Healthcare Solutions LLC, Next Travel Nursing LLC, NurseFly LLC, Onward Healthcare LLC, ProLink Healthcare LLC, Provenir Healthcare LLC, Randstad Healthcare LLC, RNnetwork LLC, Soliant Health LLC, Supplemental Health Care LLC
The healthcare staffing market report table of contents includes:
1. Executive Summary
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