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Global Healthcare Staffing Market Insights
Global 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.
Global 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.