Healthcare Staffing Market Update - August 2023

The report published by The Brainy Insights shows that the global healthcare staffing market is expected to grow from USD 40.5 billion in 2022 to USD 87.4 billion by 2032, at a CAGR of 8% during the forecast period 2023-2032. North America emerged as the most significant global healthcare staffing market, with a 49% market revenue share in 2022. 25% of poll participants indicated they would go outside their local areas for additional temporary workers in 2021 and 2022, while 27% intended to acquire permanent employees from other places. As a result, healthcare facilities are still considering various staffing shortage solutions. The healthcare system rewards nurses and other clinical staff who put in extra time and raises hourly incentive payments to combat this. Additionally, it developed more adaptable staffing models and internal float pools to dispatch healthcare professionals to other locations as required. Therefore, over the anticipated time, such a factor will have a favourable impact on the target market's expansion.

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Healthcare Staffing Market Size By Service (Travel Nurse Staffing, Locum Tenens Staffing, Per Diem Nurse Staffing, and Allied Healthcare Staffing), By End-User (Hospitals, Clinics, Ambulatory Facilities, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Leading companies in the industry include Envision Healthcare Corporation, AMN Healthcare, CHG Management, Inc, Maxim Healthcare Group, Cross Country Healthcare, Inc., Aya Healthcare, Trustaff, and TeamHealth, among others, offer more significant opportunities and continuously focus on new product developments and venture capital investments to obtain market share.

The service segment is divided into travel nurse staffing, locum tenens staffing, per diem nurse staffing, and allied healthcare staffing. The travel nurse staffing segment dominated the market, with a market share of around 36.90% in 2022. The market for travel nurse staffing has grown significantly as a result of speedy services, affordability, and a nursing shortage. This scenario is expected to continue in the upcoming years. The end-user segment is divided into hospitals, clinics, ambulatory facilities, and others. The hospital segment dominated the market, with a market share of around 39% in 2022. Today, most hospitals and healthcare facilities organise their workforce according to the stringent guidelines established by the government. Due to patient-centred rules and regulations, big firms are hiring more people to meet the rising demand for healthcare.

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Some factors that drive market expansion include rising public knowledge of the benefits of temporary work, employment-related incentives, and the availability of opportunities across the country. One of the main drivers of the current increase in healthcare employment is technology. The growth of medical device technologies like medical informatics and telemedicine has increased the need for a skilled labour force to manage the technical and non-technical components of these devices.

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