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Rising Shortage Of Healthcare Staff To Drive Market Growth: Pivotal Factor Influencing Healthcare Staffing Market Growth in 2025
Healthcare Staffing
Healthcare Staffing Market Size Growth Forecast: What to Expect by 2025?
The market size of healthcare staffing has seen significant growth in the past few years. The value of this market will rise from $46.54 billion in 2024 to $49.78 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The factors behind this remarkable growth during the historic period include shortages in the healthcare workforce, the demand for temporary and flexible staff, requirements for specialized skills, government regulations and compliance, and focus on cost-effectiveness.
How Will the Healthcare Staffing Market Size Evolve and Grow by 2029?
The market size of healthcare staffing is predicted to witness robust expansion in the coming years, escalating to a value of "$68.83 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. This growth projected throughout the forecast period is due to an increased emphasis on mental health services, a surge in home healthcare services, various diversity and inclusion projects, government's involvement in healthcare, and readiness for public health. The forecast period will also encounter significant trends such as revolutionary platforms, collaborative efforts and partnerships, strategic investments, and advanced technological solutions.
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What Drivers Are Propelling the Growth of Healthcare Staffing Market Forward?
The escalating scarcity of health and social care practitioners is anticipated to stimulate the healthcare staffing market's expansion in the future. The healthcare staff, including those undertaking medical student clinical placements, frontline caregivers, and other healthcare professionals not involved directly with patients, work responsibly to avert illnesses, evaluate conditions, diagnose, and treat patients. Over the past few years, the availability of healthcare professionals in hospitals worldwide has been dwindling. A case in point being a study published by Oracle Corporation, an American technology firm, in January 2023. This study estimates that if the current employment dynamics in the U.S. healthcare sector remain unchanged, over 6.5 million health professionals will permanently resign from their role by 2026. With only 1.9 million new recruits anticipated, this could lead to a dearth of over 4 million healthcare workers nationwide. Therefore, the accelerating insufficiency of healthcare employees is acting as a catalyst in propelling the growth of the healthcare staffing market.
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Which Emerging Trends Are Transforming the Healthcare Staffing Market in 2025?
Companies in the healthcare staffing market are leveraging technology to streamline recruitment. In May 2022, US-based StaffHealth.com launched NurseShifts, an app that connects nurses with recruiters and healthcare providers. The platform simplifies onboarding and job matching, improving efficiency through targeted notifications.
What Are the Key Segments in the Healthcare Staffing Market?
The healthcare staffing market covered in this report is segmented -
1) By Service: Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens 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
Subsegments:
1) By Travel Nurse Staffing: Registered Nurses (RNs), Licensed Practical Nurses (LPNs), Specialty Nurses
2) By Per Diem Nurse Staffing: Temporary RNs, LPNs For Short-Term Needs, CNAs (Certified Nursing Assistants)
3) By Locum Tenens Staffing: Physicians, Nurse practitioners (NPs), Physician Assistants (PAs)
4) By Allied Healthcare Staffing: Physical Therapists (PTs), Radiologic Technologists, Medical Lab Technicians (MLTs)
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Who Are the Key Players Shaping the Healthcare Staffing Market's Competitive Landscape?
Major companies operating in the healthcare staffing market include 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, 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
What Geographic Markets Are Powering Growth in the Healthcare Staffing Market?
North America was the largest region in the healthcare staffing market in 2024. 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
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