Healthcare Staffing Market is expected to reach US$ 51.58 billion by 2028

Travel Nurse Staffing Segment to Lead Market During 2021–2028

According to our new research study on “Healthcare Staffing Market” Forecast to 2028 – COVID-19 Impact and Global Analysis – by Service Type, End User,” 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. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to the factors such as increasing demand of physician extenders and increasing number of government initiatives. However, impact of nurse shortage hinders the market growth.

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. The travel nurse staffing segment held the largest share in 2021. However, the locum tenens staffing segment is anticipated to register the highest CAGR in the market during the coming years. Healthcare firms are witnessing various challenges such as meeting high turnover rates and aggregating patient satisfaction rates. Approach for searching proficient and skilled staff is emerging to address the requirements of a new generation of nurses. Moreover, restructuring the hiring method from the time of application to recognition, to on-boarding is significant in this competitive environment. Though some of the organizations have organised certain short-term fix for dealing different agreement demands, most of the firms are yet to find shortage of long-term resolutions that may balance the business. A centralized repository comprising credential data, availability, and reflectiveness into expiration dates and credential statuses are critical for long-standing success. As financial margins narrow down, technology advancements are expected to drive diagnostic approaches, progress connectivity, patient-doctor communication, and streamline workflows. Healthcare staffs are challenged with understanding and executing advanced healthcare technologies and at the same time retaining their stature as the face of patient care.

Healthcare Staffing Market

Impact of COVID-19 Pandemic on Healthcare Staffing Market:

The COVID-19 outbreak is adversely affecting the industries worldwide and this devastating effect is continuing in 2021 as well. The outbreak created significant disruptions in primary industries such as manufacturing, healthcare, energy & power, electronics & semiconductor, aerospace, and construction. Due to the rapid spreading of COVID-19, hospitals are becoming overwhelmed in various countries including China, U.S., Italy, and India. These countries are facing severe nursing shortages which may have an adverse effect on patient’s health during the outbreak of COVID-19. The Bureau of Labor Statistics’ reported that registered nursing staff is expected to grow around 3.4 million, in 2019 which is increased by 15% from 2016. Factors such as an increase in patients infected with the coronavirus and a rise in nurse retirements are majorly responsible for the nursing shortage. In several nations, frontline staff in the hospitals have been infected and placed into quarantine. Therefore, hospital leaders are taking several important initiatives to overcome this shortage which is expected to drive the growth of healthcare staffing market.

Envision Healthcare Corp., AMN Healthcare Inc., Cross Country Healthcare Inc., Jackson Healthcare (LocumTenens.Com), Adecco Group, Maxim Healthcare Services Inc., Favorite Healthcare Staffing Inc., Aya Healthcare Inc., Medical Solutions LLC, and CHG Healthcare Services are among the leading companies operating in the Healthcare Staffing Market.

The report segments the Healthcare Staffing Market as follows:

Global Healthcare Staffing Market – By Service Type

• Travel Nurse Staffing
• Per Diem Nurse Staffing
• Locum Tenens Staffing
• Allied Healthcare Staffing
• Others

Global Healthcare Staffing Market – By End-User

• Hospitals and Clinics
• Pharma
• Clients
• Government Agencies

Global Healthcare Staffing Market – By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa
• South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America

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