Press release
Healthcare Staffing Market to Surge to $62.1 Billion by 2028 with a 7.7% CAGR Fueled by Mental Health and Home Care Demand
Healthcare Staffing Market Report
Healthcare Staffing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $62.1 billion In 2028 At A CAGR Of 7.7%:
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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Healthcare Staffing Market Major Segments
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
Key Driver - Rising Shortage Of Healthcare Staff To Drive 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.
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Prominent Trend - Technological Advancements Driving Innovation In Healthcare Staffing Market
Technological advancements are a key trend gaining popularity in the healthcare staffing market. Companies operating in the healthcare staffing market are adopting new technologies to sustain their position in the market. For instance, in May 2022, StaffHealth.com, a US-based full-service healthcare staffing and recruitment agency launched an application technology named as 'NurseShifts'. Nurses may quickly connect and contact with recruiters and healthcare facilities using this app, all from the convenience of their hands. After a one-time signup, nurses can expedite the onboarding and job invitation processes. They can also get notifications for jobs that are most appropriate for their background, region, and availability.
Healthcare Staffing Market 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
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Largest And Fastest Growing Region In The Market
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
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Healthcare Staffing Market Report Structure
3. Healthcare Staffing Market Trends And Strategies
4. Healthcare Staffing Market - Macro Economic Scenario
5. Healthcare Staffing Market Size And Growth
…..
27. Healthcare Staffing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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