Publication Month: Aug 2019 | Report Code: TIPRE00002891 | No. of Pages: 174 | Category: Medical Device | Status: Published
Medical recruitment is a process of recruiting candidates with high level of professionalism and analytical and innovative approach in medical industry. Which helps both candidate and company in getting the right personal fit for the job. The medical recruitment process also reduces the efforts of companies and candidate to search jobs for their profiles and qualification. The growth of the Medical Recruitment in healthcare market is attributed to the rising numbers of healthcare centers, rising developments in the healthcare industry, and rapidly growing geriatric population. On the other hand, factor such challenges to place immigrants in countries is the challenging factors for the growth of the market.
The Medical Recruitment in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Health is a significant aspect of quality of life, which directly affects our capacity to enjoy the experience of life and being free from illness or injury, health indirectly affects our capacity to produce and consume other valuable goods and services. The global healthcare sector is growing because as the aging populations, higher prevalence of chronic diseases, exponential advances in innovative, digital technologies these are the factors which continue to increase the health care demand and expenditures.
In US, the American Hospital Association (AHA) is the national organization which represents and serves different types of hospitals, healthcare networks, communities and their patients. Under this organization approximately 5,000 hospitals, healthcare systems, networks and other healthcare providers are included as members. Other than theses approximately 43,000 individual members forms the AHA.
According to the data shared by AHA in the 2018 edition states that, in the year 2016 there were approximately 5,534 hospitals registered in the US. Among the 5,534 hospitals 88% was held by the community hospitals (non-federal acute care), 4% was contributed by the federal government hospitals, 7% by non-federal psychiatric and 1% by the nonfederal long term care hospitals. In US, approximately 62% of all community hospitals are in the urban regions. These hospitals provides services in highly populated areas and these hospitals have nearly 100 to 500 beds. Most of the urban hospitals faces very tough competition with multiple hospitals and medical centers providing services in the same geographic areas. As per the AHA in the year 2016, nearly, 3015 urban hospitals were functioning.
Germany, has approximately 2000 hospitals among which 50% of the hospitals are public among which 30% are university hospitals and the rest 50% of the hospitals are private. The private hospitals in Germany are modernized and provides the high-quality and services. The specialty care are provided by the most of the hospitals and the hospitals may also provide you services out the hospitals.
German healthcare is considered to the outstanding and several Europeans travel to Germany for their treatments.
Most of the specialty hospitals are located in Berlin and the city that offers several specialty treatments. For instance, Heidelberg University Hospital in Germany is one of the leading medical center across Europe. The hospitals consists of the 43 specialized clinical departments. The hospital have modernized facilities and various patients from Germany and other countries travel to the country to utilize the facilities.
In China, the number of private hospitals have grown rapidly, due to they provide more services in quantity to their growth. In addition, the government is supporting for the healthcare investments and there has been increase in the private investors. Private hospitals are putting their efforts to improve the management process, human resource, medical equipment and service as per the specialty and specific need.
The healthcare industry has been witnessing rapid transformations during the previous years. Various technological advancements have been witnessed in the industry. Countries across the globe have been preferring advanced technologies in healthcare. With a need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being preferred to in the healthcare systems in the emerging economies. The increase in ageing population, incidences of chronic illnesses and pediatric care are the primary factors driving the growth of healthcare sector.
Many established players in the industry have been investing significant amount of their revenue in research and development activities for the development of better and advanced products and technologies to be used in the healthcare industry. Also, the availability of reimbursement for various medical procedures are expected to fuel the growth of the industry in the coming years.
With the presence of regulations laid down by the government bodies, it is possible to obtain better and reliable healthcare facilities, ensuring quality care and patient safety, mitigating fraud, and cyber threats.
There has been a significant increase in the healthcare expenditure during the previous years. As per World Bank, Healthcare expenditure accounts for 9.94% of global GDP. In the United States, 17.1% of its GDP is committed to the industry, whereas in Latin America, HC expenditures account for only 7.24%, with Brazil at 8.3%, and Mexico at 6.3%. Whereas the healthcare expenditure per capita was 11.3%, 9.1%, 5.6%, and 4.7% in Germany, UK, China, and India, respectively during the year 2017. The above stated factors are expected to offer broad growth opportunities in the healthcare industry at the global level. The ageing population is defined as group of people aged 65 and over. The growth of the ageing population is poised to become one of the most significant social transformations of the twenty-first century. The number of geriatric population has been rising significantly worldwide. As per the data published by the United Nations, in 2017, there were an estimated 962 million people aged 60 or over in the world, which comprised of 13 per cent of the global population. The geriatric population is estimated to grow at a rate of 3% every year.
At present, Europe and Asia Pacific regions has the highest population aged 60 years and above. The number of ageing population in the world is projected to reach around 1.4 billion in 2030 and it will reach around 2.1 billion in 2050, and is expected to reach up to 3.1 billion in 2100. Ageing has been linked with the various chronic diseases due to problems related to it. Neurological diseases are most commonly observed in older adults, affecting between 5% and 55% of people aged 55 years and above. They are associated with a high risk for adverse health outcomes, such as, mortality, disability, institutionalization and hospitalization. Mental and neurological disorders among older adults account for 6.6% of the total disability (DALYs) for this age group. Approximately, 15% of adults aged 60 and over suffer from a mental disorder. The most common mental and neurological disorder observed in the geriatric population are dementia and depression, which affect approximately 5% and 7% of the world’s older population, respectively. Hence, owing to the growing geriatric population and the rise in associated neurological disorders, the market for medical recruitment is anticipated to witness significant growth.
In terms of candidature, the Medical Recruitment in healthcare market is segmented into health professional, biological & medical scientists, physicians, health information technician’s scientists, medical social workers, medical representatives and others. In 2018, health professionals segment held the largest share of the market, by candidature.
In terms of end user, the Medical Recruitment in healthcare market is segmented into managed services, recruitment services, specialist care services, homecare services and others. In 2018, the managed services segment held the largest share of the market, by services.
|Market Size Value in||US$ 8,684.50 Million in 2018|
|Market Size Value by||US$ 11,435.1 Million by 2027|
|Growth rate||CAGR of 3.1% from 2019-2027|
|No. of Pages||174|
|No. of Tables||119|
|No. of Charts & Figures||71|
|Historical data available||Yes|
|Segments covered||Candidature ; Services ; and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The Medical Recruitment in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
o Consulting Services
o Vendor Management
o Recruitment Processes Outsourcing (RPO)
o Recruitment Services
o Permanent Position
o Temporary Position
The List of Companies - Medical Recruitment Market