Global Healthcare Staffing Market is Estimated to Grow at a CAGR of 10-15% by 2027 - Aya Healthcare, AMN Healthcare, CHG Healthcare, Jackson Healthcare, Vista Staffing, SnapNurse

The global healthcare market has faced an unprecedented and uncertain staffing challenges over the last few years. Further, the return of all the patients after the Covid 19 pandemic seeking care for elective and non-emergent procedures - is resulting in a rapid growth in the demand for physicians and other healthcare staff. It can take up to few months to recruit a vacant position and job vacancies can result in a heavy loss of revenue. Moreover, unfilled jobs can severely impact the patient care segment. This further enhances the importance of healthcare staffing companies who help companies fill their vacant job positions.

Lack of Physicians and Nurses are driving the Growth of Healthcare Staffing Market

According to the Association of American Medical Colleges, shortage of physicians is estimated to be between 38,000 and 124,000 physicians by 2034 in USA. Further, lack of nurses to persist over the next coming decade as baby boomers exit the workforce. The Journal of Nursing Regulation's National Nursing Workforce Survey predicted that ~40% of employed registered nurses are aged 55 or older. According to the US Registered Nurse Workforce Report Card and Shortage Forecast published in the September/October 2019 issue of the American Journal of Medical Quality, a shortage of registered nurses is poised to spread across the country through 2030. This publication forecast a significant shortage of nursing staff in 30 states with a huge shortage in the Western region of USA.

Healthcare Staffing Companies feeling the Pressure of the Declining Labor Market

While the demand for healthcare staff is on the up, the healthcare workforce is declining rapidly, thus resulting in a growing competition for limited manpower. The pre-existing provider shortage was worsened by the Covid pandemic as many physicians and nurses left their job due to excessive burnout. Due to this, it has became extremely difficult to search for a permanent or a temporary staff to occupy the open and vacant job positions. This has spiked a healthy competition among the healthcare staffing companies to search and recruit their staff.

Following the Relaxation of Covid-19 Pandemic, Demand for Travel Nurses has Reduced Significantly in USA

Travel nurses are registered nurses who take up temporary nursing jobs in hospitals, clinics and other healthcare facilities. Just before the Covid 19 pandemic, in January 2020, there were about 50,000 travel nurses in USA, or about 1.5% of the total number of registered nurses in USA. This number overall doubled in size to more than 100,000 during the covid pandemic. In 2021, the demand for travel nurses grew by approximately more than 30%. Many nurses transitioned into a travel nurse role to take benefits of an increased pay, flexible working hours and better work locations. However, as the deaths and hospitalizations from Covid-19 reduced, the demand for travel nurses declined significantly.

North America Holds a Higher Market Share in the Healthcare Staffing Market

From a geographical overview, North America is poised to hold a higher market share in the global healthcare staffing market. This is attributed to growing demand for healthcare services and growing healthcare staffing market; lack of skilled technicians and professionals; and presence of many staffing companies.

The U.S. healthcare market is facing a shortage of healthcare workers at every level. The Association of American Medical Colleges projects that the healthcare industry will face a lack of up to 124,000 physicians by 2034. In such situations, hospitals as well as long term care facilities will utilize the services from healthcare staffing companies to recruit a new and a qualified staff.

Competitive Landscape Analysis: Healthcare Staffing Market

Some of the leading and well-established players operating in the global healthcare staffing market are listed below: -
• Aya Healthcare
• AMN Healthcare
• CHG Healthcare
• Medical Solutions
• Jackson Healthcare
• Vista Staffing
• HealthTrust Workforce Solutions (a division of HCA)
• Cross Country Healthcare
• SnapNurse
• Maxim Healthcare Services
• Medix
• Cornell/Trilantic Porto
• Health Carouse
• Trusted Health
• HealthCare Support
• Supplemental Healthcare
• ATC Healthcare
• Medicus Healthcare Solutions

Get More Detailed Insights on Healthcare Staffing Market with a Sample Report @ https://meditechinsights.com/global-healthcare-staffing-market/

Ruta Halde
Associate, Medi-Tech Insights
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.