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Healthcare Staffing Global Market Report 2024 Market Research 2024 - Outlook, Overview And Forecast To 2033
Healthcare Staffing Global Market Report
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Healthcare Staffing Market 2024 Key Insights:
• The healthcare staffing market will grow to $62.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Shortage Of Healthcare Staff To Drive Market Growth
• Technological Advancements Driving Innovation In Healthcare Staffing Market
• North America was the largest region in the healthcare staffing market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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