Global Healthcare Staffing Market

Healthcare Staffing Market Size, Share, Growth Analysis, By Service Type(Travel nurse staffing, Per diem nurse staffing, Locum tenens staffing, Allied healthcare staffing), By End User(Hospitals, Pharma, Clients, Government Agencies), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2048 | Region: Global | Published Date: February, 2024
Pages: 241 |Tables: 65 |Figures: 75

Healthcare Staffing Market Insights

Healthcare Staffing Market size was valued at USD 36.2 billion in 2021 and is poised to grow from USD 36.9 billion in 2022 to USD 62.8 billion by 2030, growing at a CAGR of 6.93% in the forecast period (2023-2030).

Healthcare staffing involves the supply or recruitment of trained and skilled healthcare workers. These specialists are needed in hospitals and clinics, pharmaceutical businesses, and government agencies. Rising healthcare costs and an aging population are projected to be the primary market drivers for the global healthcare business, increasing the need for medical staffing. Also, the expected shortage of skilled medical professionals in the future gives the worldwide healthcare staffing market the potential to further expansion.

The major factors driving the market are the advantages and benefits of working as a per diem nurse, travel nurse, or locum tenens. In addition to their desire to help others, doctors and nurses value flexible work schedules. Temporary staffing options allow medical professionals to choose when they want to work or take on new tasks. Higher flexibility of working hours and increased exposure to different healthcare systems in different regions are factors that are expected to increase the number of people choosing allied healthcare, per diem, travel nurse, or locum tenens can choose as a career option.

A significant increase in the number of government and non-government hospitals, long-term care facilities, acute care centres, and other types of healthcare institutions is expected to fuel market growth. Improvements in healthcare infrastructure and increasing investment in public health are increasing the number of hospitals. The new regulations are expected to enable concerned staff, especially nurses, to act as the primary constituent of patients by creating health plans for improved care. However, the lack of skilled and qualified medical professionals is a major factor hampering the growth of the healthcare staffing market.

US Healthcare Staffing Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 36.2 billion

Largest Segment

Locum Tenens Staffing

Fastest Growth

Locum Tenens Staffing

Growth Rate

6.93% CAGR

Global Healthcare Staffing Market ($ Bn)
Country Share for North America Region (%)

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Healthcare Staffing Market Segmental Analysis

Global healthcare staffing market is segmented on the basis of service type, end user and region. On the basis of service type, global healthcare staffing market is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing and allied healthcare staffing. On the basis of end user, global healthcare staffing market is segmented into hospitals, pharma, clients, and government agencies. On the basis of region, global healthcare staffing market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Healthcare Staffing Market Analysis by Service Type

On the basis of service type, global healthcare staffing market is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing and allied healthcare staffing. The travel nurse staffing segment dominated the market in 2022 with a revenue share of more than 34.3% and is expected to grow at a significant CAGR during the forecast period. The rapid growth of the travel nurse staffing segment is due to faster service, lower costs and a shortage of nurses.

Locum tenens staffing is expected to have the fastest growth rate during the forecast period. Employer cost-effectiveness and physician demand for locum tenens wages are two factors driving the market growth. Because it is more cost-effective, hospitals, institutions, and clinics choose locum tenens during peak seasons and when permanent physicians are on vacation.

Healthcare Staffing Market Analysis by End User

On the basis of end user, global healthcare staffing market is segmented into hospitals, pharma, clients, and government agencies. In 2022, the hospital segment dominated the market with a share of 29%. Most hospitals and healthcare institutions currently structure their workforce according to strict government guidelines. Large businesses are increasing staffing levels to fulfil the increased demand for healthcare due to patient-centric laws and regulations.

Global Healthcare Staffing Market Size By Service Type, 2021 (%)

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Healthcare Staffing Market Regional Insights

On the basis of region, global healthcare staffing market is divided into North America, Europe, Asia Pacific and MEA. North America dominated the market with a 47% revenue share. The region accounts for the majority of the market due to the local presence of key market players, growth in the aging population, and increased demand for healthcare professionals by hospitals due to financial problems associated with hiring permanent professionals. People over the age of 65 are twice visiting a doctor's office and are three times as likely to stay in a hospital as compared to the general population. The aging population is predicted to have a major impact on healthcare delivery as they are more likely to suffer from chronic diseases and lifestyle-related disorders.

The Asia Pacific is expected to grow at a significant CAGR during the forecast period. This is due to the increase in demand for contract labour in the region. The fact that contract hires do not involve permanent employment obligations may contribute to increased demand. Recruiters get greater access to a wider pool of prospects and the hiring process is quick.

Europe has experienced a severe shortage of healthcare workers in recent years. The Omicron waves of 2021 worsened the situation. According to estimates by the European Public Service Union, Europe will need 2 million healthcare workers by January 2022. Additionally, the European Commission predicts that by 2025, 24,200,456 professionals will work in the healthcare industry, more than half of whom are expected to leave or retire for various reasons.

Global Healthcare Staffing Market By Region, 2023-2030
  • Largest
  • Fastest

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Healthcare Staffing Market Dynamics

Healthcare Staffing Market Driver

  • Benefits and advantages of working as a per diem nurse

Besides a strong desire to help others, doctors and nurses place a high priority on having a flexible work schedule. With the selection of temporary employees, medical professionals can choose when they are available for work or ready to accept a new assignment. Factors such as greater work flexibility and exposure to different healthcare systems in multiple locations expect more people to seek careers in allied healthcare, travel nursing, per diem, or locum tenens. This factor drives the healthcare staffing market.

  • Regulation and Increased number of non-government &  government hospitals

The growing number of non-government and government hospitals, long-term care facilities, acute care facilities, and other healthcare systems is expected to significantly accelerate market growth in the coming years.

Healthcare Staffing Market Restraint

  • Lack of skilled and qualified medical professionals

Lack of skilled and qualified medical professionals is a major factor hampering the growth of the healthcare staffing market.

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Healthcare Staffing Market Competitive Landscape

Global healthcare staffing market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global healthcare staffing market.

Healthcare Staffing Market Top Player's Company Profiles

  • AMN Healthcare
  • Cross Country Healthcare, Inc.
  • CHG Healthcare Services
  • Aya Healthcare
  • Envision Healthcare
  • Maxim Healthcare Services, Inc.
  • Accountable Healthcare Staffing, Inc.
  • Cirrus Medical Staffing
  • Soliant Health
  • Jackson Healthcare
  • Aureus Medical Group
  • Staff Care, Inc.
  • Syneos Health
  • Favorite Healthcare Staffing Inc.
  • Global Medical Staffing
  • Maximus Inc.
  • All Medical Personnel
  • InGenesis, Inc.
  • Healthcare Staffing Services LLC
  • MedPartners Locum Tenens, Inc.

Healthcare Staffing Market Recent Developments

  • In June 2021, workforce Solutions Group Inc. a provider of talent management solutions was acquired by Cross Country Healthcare Inc.
  • In February 2018, Emergency Medicine Consultants, an emergency medical staffing firm, was acquired by TeamHealth. The transaction will give TeamHealth 80 advanced practice physicians and 330 physicians.
  • In May 2021, AMN Healthcare, a staffing firm, will pay USD 42.5 million for telehealth providers. AMN Healthcare acquired Synzi, a virtual care provider, to expand staffing options for clients.

Healthcare Staffing Key Market Trends

  • One of the key trends driving the market expansion is the growing aging population across the world. Apart from that, increased awareness about the benefits of temporary employees, job-related allowances, and availability of opportunities in several countries are other factors driving the market growth. Also, due to the growing shortage of healthcare workers, the services of healthcare workers are becoming increasingly used. Travel options, short-term assignments, flexible working hours, and clinical experiences in different locales are also available through these services. In addition, the healthcare staffing recruitment process is quick and allows recruiters from around the world to choose from a wide variety of prospects. This, along with the expanding practice of hiring traveling nurses, is a key trend in global healthcare staffing market.

Healthcare Staffing Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.

According to our global healthcare staffing market analysis, by region, North America dominated the market with a 47% revenue share. The region accounts for the majority of the market due to the local presence of key market players, growth in the aging population, and increased demand for healthcare professionals by hospitals due to financial problems associated with hiring permanent professionals. Market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global healthcare staffing market. For example, in July 2021, Jackson Healthcare, an Atlanta-based healthcare staffing agency, announced the merger of the Kirby Bates Associates and Tyler & Co. brands. However, the lack of skilled and qualified medical professionals is a major factor hampering the growth of the healthcare staffing market.

Report Metric Details
Market size value in 2021 USD 36.2 billion
Market size value in 2030 USD 62.8 billion
Growth Rate 6.93%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Service Type
    • Travel nurse staffing, Per diem nurse staffing, Locum tenens staffing, Allied healthcare staffing
  • End User
    • Hospitals, Pharma, Clients, Government Agencies
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • AMN Healthcare
  • Cross Country Healthcare, Inc.
  • CHG Healthcare Services
  • Aya Healthcare
  • Envision Healthcare
  • Maxim Healthcare Services, Inc.
  • Accountable Healthcare Staffing, Inc.
  • Cirrus Medical Staffing
  • Soliant Health
  • Jackson Healthcare
  • Aureus Medical Group
  • Staff Care, Inc.
  • Syneos Health
  • Favorite Healthcare Staffing Inc.
  • Global Medical Staffing
  • Maximus Inc.
  • All Medical Personnel
  • InGenesis, Inc.
  • Healthcare Staffing Services LLC
  • MedPartners Locum Tenens, Inc.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Healthcare Staffing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Healthcare Staffing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Healthcare Staffing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Healthcare Staffing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Healthcare Staffing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Healthcare Staffing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Healthcare Staffing Market size was valued at USD 36.2 billion in 2021 and is poised to grow from USD 36.9 billion in 2022 to USD 62.8 billion by 2030, growing at a CAGR of 6.93% in the forecast period (2023-2030).

Global healthcare staffing market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global healthcare staffing market. 'AMN Healthcare', 'Cross Country Healthcare, Inc.', 'CHG Healthcare Services', 'Aya Healthcare', 'Envision Healthcare', 'Maxim Healthcare Services, Inc.', 'Accountable Healthcare Staffing, Inc.', 'Cirrus Medical Staffing', 'Soliant Health', 'Jackson Healthcare', 'Aureus Medical Group', 'Staff Care, Inc.', 'Syneos Health', 'Favorite Healthcare Staffing Inc.', 'Global Medical Staffing', 'Maximus Inc.', 'All Medical Personnel', 'InGenesis, Inc.', 'Healthcare Staffing Services LLC', 'MedPartners Locum Tenens, Inc.'

Benefits and advantages of working as a per diem nurse

One of the key trends driving the market expansion is the growing aging population across the world. Apart from that, increased awareness about the benefits of temporary employees, job-related allowances, and availability of opportunities in several countries are other factors driving the market growth. Also, due to the growing shortage of healthcare workers, the services of healthcare workers are becoming increasingly used. Travel options, short-term assignments, flexible working hours, and clinical experiences in different locales are also available through these services. In addition, the healthcare staffing recruitment process is quick and allows recruiters from around the world to choose from a wide variety of prospects. This, along with the expanding practice of hiring traveling nurses, is a key trend in global healthcare staffing market.

On the basis of region, global healthcare staffing market is divided into North America, Europe, Asia Pacific and MEA. North America dominated the market with a 47% revenue share. The region accounts for the majority of the market due to the local presence of key market players, growth in the aging population, and increased demand for healthcare professionals by hospitals due to financial problems associated with hiring permanent professionals. People over the age of 65 are twice visiting a doctor's office and are three times as likely to stay in a hospital as compared to the general population. The aging population is predicted to have a major impact on healthcare delivery as they are more likely to suffer from chronic diseases and lifestyle-related disorders.

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Global Healthcare Staffing Market

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