Healthcare Staffing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service Type (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing, and Others), and End Users (Hospitals and Clinics, Pharma, Clients, and Government Agencies)
Publication Month: Apr 2022 |
Report Code: TIPRE00002858
| No. of Pages: 274
| Category: Healthcare IT
| Status: Published
[Research Report] The healthcare staffing market is expected to grow from US$ 34.76 billion in 2021 to US$ 51.58 billion by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.
Healthcare staffing refers to the placement of health care staff by third party vendors in health care facilities. The healthcare staffing process makes it possible for qualified and skilled healthcare professionals to be hired. With its diverse network of sourcing strategies, clinical expertise, and professional staff, it meets a wide range of healthcare needs. In order to enhance patient satisfaction, the facility ensures clinician quality, fills staffing gaps, and increases hospital consumer assessment of healthcare providers. Healthcare staffing is becoming increasingly popular among hospitals, clinics, and research centers.
The growth of the healthcare staffing market is attributed to factors such as increasing demand of physician extenders and increasing number of government initiatives. However, impact of nurse shortage hinders the market growth.
Report Coverage - Healthcare Staffing Market
Market Size Value in
US$ 34.76 billion in 2021
Market Size Value by
US$ 51.58 billion by 2028
CAGR of 5.8% from 2021 to 2028.
No. of Pages
No. of Tables
No. of Charts & Figures
Historical data available
Service Type, and End Users
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available
Lucrative Regions for Healthcare Staffing Market
Get more information on this report :
Growing Healthcare IT Industry in Emerging Economies
The job outlook for advanced practice nurses, nurse practitioners, and physician assistants (collectively known as “physician extenders”) is witnessing positive growth, as the US Bureau of Labor Statistics is projecting growth on the horizon of 45% and 31% through 2030, respectively, in the number of such jobs. This segment of clinicians will undoubtedly be an integral piece of the solution to bridge the gap in physicians that threatens to derail the healthcare delivery system.
Healthcare systems are recognizing that the recruitment and inclusion of extenders as part of the clinical staff has other benefits. The presence of physician extenders within an organization often means more efficient through-put, increased patient volume, and lower overhead and liability costs, leading to better patient satisfaction and clinical outcomes. This realization is evidenced in the 2021 Review of Physician and Advanced Practitioner Recruiting Incentives report, published by Merritt Hawkins, a division of AMN Healthcare, where it was reported that for the first time in the report’s 28-year history, nurse practitioners were the most sought-after type of medical provider. Presently, the world is struggling with the COVID-19 pandemic. This infection leads to pneumonia, severe and acute respiratory disorders, multiple organ failure, and in severe cases death. The geriatric population is more prone to COVID-19. Demand for nurse staffing increased significantly during the pandemic. According to EHRN, from September 2020 to December 2020, demand for hospital staffing increased by 50,000 nurses or 245%.
Use of physician extenders is growing because of their valuable role in healthcare delivery. Beyond providing coverage in areas that have historically been short on providers due to geography, physician extenders supplement the delivery system by acting as the senior medical personnel in a number of environments, including, but not limited to outpatient and clinic settings. They are often able to assess, treat, and diagnose patients in the absence of a licensed medical doctor. These attributes are expected to boost the growth of healthcare staffing market during the forecasted period.
Service Type-Based Insights
The healthcare staffing market, based on service type, is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing, allied healthcare staffing, and others. In 2021, the travel nurse staffing segment held the largest share of the market. However, the locum tenens staffing segment is expected to register the highest CAGR during 2021 to 2028.
Healthcare Staffing Market by Service Type – 2021 and 2028
Get more information on this report :
End User-Based Insights
Based on end user, the healthcare staffing market is segmented into hospitals and clinics, pharma, clients, and government agencies. In 2021, the hospitals and clinics segment held the largest share of the market. However, the clients segment is expected to register the highest CAGR in the market in the coming years.
Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the healthcare staffing market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally.
The report segments the Healthcare Staffing Market as follows:
Healthcare Staffing services provide temporary hires that include supplemental staffing to medical facilities such as hospitals, nursing homes and outpatient clinics as well as the provision of licensed nursing personnel RNs, trained medical technologists, and unlicensed staff home health aides, and homemakers, personal assistants. The healthcare staffing process makes it possible for qualified and skilled healthcare professionals to be hired. With its diverse network of sourcing strategies, clinical expertise, and professional staff, it meets a wide range of healthcare needs. In order to enhance patient satisfaction, the facility ensures clinician quality, fills staffing gaps, and increases hospital consumer assessment of healthcare providers.
The growth of the market is attributed to some key driving factors such as the government initiatives for promotion and development of healthcare structure and hiring process of healthcare professionals. Moreover, increasing demand of physician extenders in developed and emerging countries is expected to propel the growth of healthcare staffing market during the forecasted period. However concerns regarding nurse shortages hinders the market growth. A big increase in the percentage of healthcare facilities seeking locum tenens physicians reflects both the physician shortage in the United States and the growing turnover among employed doctors, according to a Staff Care report based on its 2019 survey of healthcare facility managers. Demand for pulmonologists, cardiologists, oncologists, psychiatrists, and higher acuity specialties is presently increasing. It is projected that the demand for locum tenens physicians specializing in these areas of medicine will continue to rise. This is projected to drive the market growth.
The growth of the region is attributed to factors such as rising publicâ€“private partnerships, and increasing funding activities are widely enhancing the condition of medical staffs hiring process. Moreover, presence of well-developed healthcare infrastructure and government support are some of the prominent factors propelling the market growth in Asia Pacific. In addition, the Europe is expected account for significant growth in the healthcare staffing market. A high demand in R&D, growing support from governments, continuously increasing patient population, rising publicâ€“private partnerships, and increasing funding activities are widely enhancing the growth of Europe healthcare staffing market during the forecasted period.
Digital transformation is increasing significantly and is evident in the rising use of healthcare staffing apps or Managed Service Provider (MSP) platforms that connect healthcare workersâ€”particularly nursesâ€”to those who need to hire them. For healthcare workers, these services provide advantages like travel, flexibility, short-term assignments, and experience at varied locations. For hospitals and others, these services allow for faster recruiting and a more diverse candidate pool. This digital transformation in the healthcare staffing market is still in its nascent stage. The rising role of MSPs to connect workers to jobs through healthcare staffing agencies should continue to add growth and technological innovation to the industry.
In terms of service type, the healthcare staffing market is led by travel nurse staffing segment. In 2021, travel nurse staffing segment is estimated to account for the largest market share in the global healthcare staffing market. The growth of this segment is attributed to the opportunity available to tap the upcoming technologies and subsequent investment by key players in strengthening and upgrading their product portfolio, addressing clients' requirements, and diversifying to maintain organic and inorganic growth. Moreover, the COVID-19 pandemic created a nationwide staffing crisis and, as a result, a surge in demand for travel nurses. Furthermore, the role of travel nurses becomes critical when these healthcare facilities witness higher workloads. Increasing concerns for minimizing attrition rate and improving profitability margins is fueling demand for travel nurse staffing segment.
The List of Companies - Healthcare Staffing Market
Envision Healthcare Corp.
AMN Healthcare Inc.
Cross Country Healthcare Inc.
Jackson Healthcare (LocumTenens.Com)
Maxim Healthcare Services Inc.
Favorite Healthcare Staffing Inc.
Aya Healthcare Inc.
Medical Solutions LLC
CHG Healthcare Services
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Healthcare Staffing Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Healthcare Staffing Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.