What Has Been The Historical And Current Growth Of The Healthcare Staffing Market?
The healthcare staffing market has seen considerable growth due to a variety of factors.
•In recent years, the healthcare staffing market has witnessed robust expansion. The market, which was worth $46.54 billion in 2024, is projected to grow to $49.78 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%.
The significant growth during the historic period is primarily due to shortcomings in the healthcare workforce, increasing needs for temporary and flexible staffing, specialized skillset demands, governmental regulations and obligation, as well as a focus on cost efficiency.
What Is The Forecast For The Healthcare Staffing Market By 2029?
The healthcare staffing market is expected to maintain its strong growth trajectory in upcoming years.
• In the following years, the healthcare staffing market is projected to experience significant expansion, reaching a worth of "$68.83 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%.
Factors such as emphasis on mental health services, an increase in home healthcare services, initiatives on diversity and inclusion, government funding in healthcare, and readiness for public health are contributing to the growth forecast for this period. In the forecast period, innovative platforms, strategic alliances and partnerships, strategic investments, and technological solutions are expected to be the major trends.
Which Drivers Are Accelerating Growth In The Healthcare Staffing Market?
The escalating deficit of healthcare personnel is anticipated to boost the expansion of the healthcare staffing market in the future. Healthcare staff encompasses those who serve in healthcare or social care environments, such as medical students involved in clinical rotations, frontline care providers, and different healthcare experts who don't interact directly with patients. They are tasked with illness prevention and disability control, whilst being responsible for condition evaluation, diagnosis, and treatment. Recently, there has been a drop in healthcare staff in numerous hospitals worldwide. For example, one research conducted by the Oracle Corporation, a technology company based in the US, revealed in January 2023 that if the ongoing employment patterns in the US continue, over 6.5 million healthcare workers are predicted to abandon their posts permanently by 2026. Meanwhile, merely 1.9 million new employees will join the sector, culminating in a national deficit of more than 4 million healthcare professionals. As a result, the escalating deficit of healthcare staff is stimulating the growth of the healthcare staffing market moving forward.
What Are The Core Segments Of The Global 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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Which Emerging Trends Are Reshaping The Healthcare Staffing Market Size?
The emergence and progression of new technologies play an integral role in shaping the trends of the healthcare staffing market. To stay competitive, companies within this market are employing cutting-edge technologies. An example of this can be found in the US-based comprehensive healthcare staffing and recruitment agency, StaffHealth.com. In May 2022, the agency introduced a digital app named 'NurseShifts', created for optimizing the interaction and connectivity of nurses with recruiters and healthcare organizations. Via this user-friendly app, nurses, after completing a one-time registration, can hasten the job application and joining procedures. They also have the advantage of receiving notifications about vacancies that best match their skills, location preference, and schedule.
Who Are the Key Players in the Healthcare Staffing Market?
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 are the Regional Insights into 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
