Global Healthcare Staffing Market - 2023-2030
Global healthcare staffing market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2030, growing at a CAGR of XX% during the forecast period 2023-2030.
Healthcare staffing refers to the provision of staffing solutions to the healthcare industry. The healthcare sector is the primary focus of this industry, where staffing providers act as a third-party intermediary. In other words, healthcare institutions can find the right fill-in for their healthcare departments.
Market Dynamics: Drivers & Restraints
Gap in the Healthcare Workforce
The global healthcare staffing market is expected to experience significant growth during the forecast period due to the massive gap in the healthcare workforce. According to estimates from the European Public Service Union in January 2022, Europe was encountering a deficiency of 2 million healthcare employees. Additionally, the European Commission forecasts that employment in the healthcare sector will increase to 24,009,000 professionals by 2025, with over half of the medical professionals anticipated to retire or quit the sector for other causes.
Moreover, the Association of American Medical Colleges estimates that the physician deficiency in the US is expected to range from 46,900 to 121,900 physicians by 2032. Again, in December 2021, hospitals and nursing homes lost 32,900 and 145,600 staff, respectively. Therefore, healthcare staffing service providers are becoming increasingly necessary to fill in the gaps created by labor shortages.
High Cost of Medical Education
The high cost of medical education is expected to hinder the global market's growth during the forecast period. For instance, the average tuition fee for a BSc nursing program in the USA ranges from USD 12,930 to USD 51,156..
Segment Analysis
The global healthcare staffing market is segmented based on service type, end user and region.
Travel Nurse Staffing Segment is Expected to Dominate Market
The travel nurse staffing segment is estimated to dominate the global healthcare staffing market during the forecast period due to the significant workforce gaps for nurses and market developments that support travel nurse staffing. For instance, according to the International Centre on Nurse Migration, there is expected to be a deficiency of 13 million nurses alone by 2030, an increase from 6 million before the pandemic. Hospitals and other medical facilities are partnering with recruiting agencies to fulfill vacant nursing positions on a temporary or permanent basis. Moreover, in June 2022, Vibra Healthcare introduced Vibra Travels, a travel nursing and healthcare staffing firm, to aid with healthcare staffing.
Geographical Analysis
North America is Expected to Dominate the Global Market
The government initiative to expand healthcare facilities and the significant healthcare workforce gap in North America is expected to boost regional market growth, dominating the global market during the forecast period. For example, in April 2021, the US Department of Health and Human Services (HHS) reported USD 1 billion in aid for health centers' construction and renovation undertakings from the American Rescue Plan. The Federal Government even delivers a devoted budget for the modernization of infirmary infrastructure. Moreover, according to the American Hospital Association (AHA), there are presently roughly 6,093 hospitals in the United States. From 2020 to 2030, the demand for medical staff is anticipated to increase, and almost 275,000 additional nurses will be needed, according to the US Bureau of Labor Statistics. Employment opportunities for nurses are expected to increase at a faster rate (9%) than all other occupations from 2016 to 2026.
Furthermore, the market developments in this region are also contributing to the region's dominance over the global market. For example, in June 2021, Cross Country Healthcare, Inc. acquired Workforce Solutions Group, Inc., a provider of talent management solutions to its healthcare clients.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a major impact on the healthcare workforce leading to increased shortages and burnout among healthcare workers. These challenges have occurred in a context where workforce shortages and distribution issues were already present, and where burnout, stress, and mental health problems were significant concerns. The ongoing risk of post-traumatic stress disorder is also a concern for healthcare workers. The increased workforce gaps due to the pandemic has positively impacted the global market.
Market Segmentation
By Service Type
● Travel Nurse Staffing
● Per Diem Nurse Staffing
● Locum Tenens Staffing
● Allied Healthcare Staffing
By End User
● Hospitals
● Specialty Clinics
● Others
By Region
● North America
U.S.
Canada
Mexico
● Europe
Germany
UK
France
Italy
Spain
Rest of Europe
● South America
Brazil
Argentina
Rest of South America
● Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
● Middle East and Africa
Key Developments
● In August 2023, ShiftMed, an on-demand W-2 marketplace for healthcare professionals (HCPs), collaborated with Huron, a global professional services firm, to sustain health systems in executing its on-demand, marketplace staffing solutions.
● In February 2023, ShiftMed, a mobile app that connects healthcare workers and providers, secured $200 million in new funding to fuel its expansion as investors persist to flow money into healthcare staffing corporations.
● In October 2023, Futuris acquired specialized healthcare staffing business Recruiter.com's healthcare staffing business.
Competitive Landscape
The major global players in the market include Envision Healthcare Corporation, Maxim Healthcare Group, AMN Healthcare, CHG Management, Cross Country Healthcare, Inc., Trustaff, Aya Healthcare, TeamHealth, Adecco Group and Syneos Health Inc.
Why Purchase the Report?
● To visualize the global healthcare staffing market segmentation based on service type, end user and region as well as understand key commercial assets and players.
● Identify commercial opportunities by analyzing trends and co-development.
● Excel data sheet with numerous data points of healthcare staffing market-level with all segments.
● PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
● Product mapping available as excel consisting of key product of all the major players.
The global healthcare staffing market report would provide approximately 61 tables, 57 figures and 184 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Service Type
- 3.2. Snippet by End User
- 3.3. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Gap in the Healthcare Workforce
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. High Cost of Medical Education
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Pricing Analysis
- 5.3. Regulatory Analysis
- 5.4. Patent Analysis
- 5.5. Unmet Need
- 5.6. SWOT Analysis
- 5.7. DMI Opinion
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Service Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Service Type
- 7.1.2. Market Attractiveness Index, By Service Type
- 7.2. Travel Nurse Staffing*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Per Diem Nurse Staffing
- 7.4. Locum Tenens Staffing
- 7.5. Allied Healthcare Staffing
- 8. By End User
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 8.1.2. Market Attractiveness Index, By End User
- 8.2. Hospitals*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Specialty Clinics
- 8.4. Others
- 9. By Region
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Service Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.2.5.1. U.S.
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Service Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.3.5.1. Germany
- 9.3.5.2. UK
- 9.3.5.3. France
- 9.3.5.4. Italy
- 9.3.5.5. Spain
- 9.3.5.6. Rest of Europe
- 9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Service Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.4.5.1. Brazil
- 9.4.5.2. Argentina
- 9.4.5.3. Rest of South America
- 9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Service Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.5.5.1. China
- 9.5.5.2. India
- 9.5.5.3. Japan
- 9.5.5.4. Australia
- 9.5.5.5. Rest of Asia-Pacific
- 9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Service Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
- 11. Company Profiles
- 11.1. Envision Healthcare Corporation*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
- 11.2. Maxim Healthcare Group
- 11.3. AMN Healthcare, Inc.
- 11.4. CHG MANAGEMENT
- 11.5. Cross Country Healthcare, Inc.
- 11.6. Trustaff
- 11.7. Aya Healthcare
- 11.8. TeamHealth
- 11.9. Adecco Group
- 11.10. Syneos Health Inc.
- LIST NOT EXHAUSTIVE
- 12. Appendix
- 12.1. About Us and Services
- 12.2. Contact Us
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