#Healthcare Staffing Market

[businesspointnews]

Healthcare Staffing Market Size, Share, Demand, Companies and Forecast 2024-2032

IMARC Group has recently released a new research study titled “Healthcare Staffing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. How big is the healthcare staffing market? The…

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The global healthcare staffing market size was USD 35.36 Billion in 2022 and is expected to reach USD 50.33 Billion by 2032, and register a rapid revenue CAGR of 4% during the forecast period. 

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Global Healthcare Staffing Market Is Estimated To Witness High Growth Owing To Increasing Demand for Healthcare Professionals and Rising Healthcare Facilities

The global healthcare staffing market is estimated to be valued at USD 36.89 billion in 2022 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023-2030.

A) Market Overview:

The healthcare staffing market involves the provision of temporary or permanent healthcare professionals to healthcare facilities. It includes medical and non-medical staff such as doctors, nurses, therapists, and administrative personnel. This market is driven by the increasing demand for healthcare professionals due to the growing aging population, rising chronic diseases, and the expansion of healthcare facilities worldwide. Healthcare staffing agencies play a crucial role in bridging the gap between healthcare professionals and healthcare organizations, ensuring efficient and reliable staffing solutions.

B) Market Dynamics:

1. Driver: Increasing Demand for Healthcare Professionals

The healthcare industry is witnessing a growing demand for healthcare professionals due to factors such as an aging population, rising chronic diseases, and advancements in medical technology. This has led to shortages of healthcare professionals in many regions, creating a need for healthcare staffing services to fill the gaps. For example, according to the Association of American Medical Colleges, the United States is expected to face a shortage of up to 139,000 physicians by 2033. Healthcare staffing agencies provide hospitals and other healthcare facilities with qualified professionals, ensuring the continuity of healthcare services.

2. Driver: Rising Healthcare Facilities

The expansion of Healthcare Staffing Market globally, especially in emerging economies, is driving the demand for healthcare staffing services. Countries like India, China, and Brazil are investing significantly in the healthcare sector, leading to an increase in the number of hospitals, clinics, and specialized healthcare centers. These facilities require skilled healthcare professionals to deliver quality care to their patients. Healthcare staffing agencies provide access to a pool of qualified professionals, enabling healthcare facilities to meet their staffing needs efficiently.

C) SWOT Analysis:

Strengths:

1. Growing demand for healthcare professionals.

2. Increasing investment in healthcare infrastructure.

Weaknesses:

1. Challenges in retaining skilled healthcare professionals.

2. High competition among healthcare staffing agencies.

Opportunities:

1. Technological advancements in healthcare staffing processes.

2. Expansion of healthcare facilities in emerging economies.

Threats:

1. Regulatory challenges in different regions.

2. Economic uncertainties affecting healthcare budgets.

D) Key Takeaways:

In terms of market size, the global healthcare staffing market is expected to witness high growth, exhibiting a CAGR of 7.6% over the forecast period. This growth is driven by the increasing demand for healthcare professionals and the rising number of healthcare facilities worldwide. The Asia Pacific region is expected to be the fastest-growing and dominating region due to the rapid expansion of healthcare infrastructure in countries like India and China. Key players operating in the global healthcare staffing market include LocumTenens.com, Adecco Group, TeamHealth, Trustaff, Aya Healthcare, Maxim Healthcare Group, CGM Management, Inc., AMN Healthcare, Cross Country Healthcare, Inc., and Envision Healthcare Corporation. These companies play a significant role in connecting healthcare professionals with healthcare organizations and providing comprehensive staffing solutions.

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Global Healthcare Staffing Market Size, Share, Growth Analysis, By Service Type(Travel nurse staffing, Per diem nurse staffing), By End User(Hospitals, Pharma)

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.

[poojascmi]

U.S. Healthcare Staffing Market Is Estimated To Witness High Growth Owing To Increasing Demand for Skilled Medical Professionals

The global U.S. Healthcare Staffing market is estimated to be valued at US$ 20,626.2 million in 2022 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The U.S. Healthcare Staffing market refers to the provision of temporary healthcare professionals to healthcare facilities such as hospitals, clinics, and nursing homes. This helps to bridge the gap between the demand for healthcare services and the availability of skilled medical professionals. It provides flexibility for healthcare facilities to meet their staffing requirements and ensures uninterrupted patient care. The need for healthcare staffing arises from factors such as increasing patient inflow, seasonal demand fluctuations, and staff shortages due to illness or vacation. B) Market Key Trends: One key trend shaping the U.S. Healthcare Staffing market is the increasing demand for skilled medical professionals. With the aging population and rising prevalence of chronic diseases, there is a growing need for specialized healthcare services. This requires a workforce with the necessary skills and qualifications to provide quality care. As a result, healthcare facilities are increasingly relying on healthcare staffing agencies to source skilled professionals such as nurses, physicians, therapists, and technologists. For example, Envision Healthcare Corporation, one of the key players in the market, provides a wide range of healthcare staffing solutions, including emergency medicine, anesthesiology, radiology, and neonatology. By partnering with healthcare staffing agencies, healthcare facilities can access a pool of qualified professionals on-demand, reducing recruitment and training costs. C) PEST Analysis: - Political: The U.S. healthcare industry is influenced by government policies and regulations such as the Affordable Care Act. These policies impact the demand for healthcare services and indirectly affect the demand for healthcare staffing. - Economic: Economic factors such as GDP growth, disposable income, and healthcare expenditure impact the overall healthcare market, including healthcare staffing. - Social: Changing demographics, the aging population, and increased awareness about healthcare services influence the demand for healthcare staffing. - Technological: Technological advancements in healthcare, such as telehealth and remote patient monitoring, have the potential to disrupt the traditional healthcare workforce. Healthcare staffing agencies need to adapt to these technological changes to remain competitive. D) Key Takeaways: Paragraph 1: The U.S. Healthcare Staffing Market Demand is expected to witness high growth, exhibiting a CAGR of 3.4% over the forecast period, due to increasing demand for skilled medical professionals. Healthcare facilities are relying on healthcare staffing agencies to bridge the staffing gap and ensure quality patient care. Paragraph 2: In terms of regional analysis, the United States is expected to be the fastest growing and dominating region in the global U.S. Healthcare Staffing market. The country's large healthcare industry, coupled with the high demand for healthcare services, creates a favorable environment for the growth of the healthcare staffing market. Paragraph 3: Key players operating in the U.S. Healthcare Staffing market include Envision Healthcare Corporation, AMN Healthcare, CHG Management, Inc., Maxim Healthcare Group, Cross Country Healthcare, Inc., Syneos Health, Inc., and Almost Family, Inc., among others. These companies offer a wide range of healthcare staffing solutions and have a strong presence in the U.S. market.

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[market-insider]

U.S. Healthcare Staffing Market Driven By Cost-Effectivity Of Temporary Staffing

The U.S. healthcare staffing market size is expected to reach USD 34.7 billion by 2030, exhibiting a CAGR of 5.6% from 2022 to 2030, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for medical services and shortage of nurses and other medical staff. The cost-effectivity of temporary staffing is likely to drive the market in the coming years.

According to the Bureau of Labor Statistics (BLS), around 500,000 nurses will retire over the next few years. Also, according to the Association of American Medical Colleges, there will be a shortage of around 21,000 to 55,200 primary care doctors by 2032. The shortage of physicians in the coming years is likely to drive the market. In addition, the increasing need for a home care workforce, such as dieticians, nutritionists, nurses, therapists, and home care aides, is also expected to boost the market growth.

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Technological advancements are one of the major drivers of rising healthcare employment. With the advent of various innovations, such as telehealth and medical informatics, the need for skilled labor to handle both technical and non-technical aspects of these devices has increased. Hence, recruitment of new professionals along with training of existing ones has become essential. The flexibility in work timings and attractive wages are primary reasons for the increasing number of nurses becoming per diem and travel nurses.

A rising number of medical facilities and new construction projects are anticipated to create more jobs for medical professionals. For example, in April 2021, the U.S. Department of Health and Human Services (HHS) announced USD 1 Billion support for health centers' construction and renovation projects from the American Rescue Plan. The aforementioned factors are anticipated to propel market growth.

During the COVID-19 pandemic, demand for staffing services and workforce technology solutions increased dramatically. The increasing incidence of COVID-19 infections significantly fueled the demand for travel and per diem nurses. According to a poll conducted by Avant Healthcare Professionals, 90% of the medical facilities accepted using travel nurses for management of COVID-19 patients in 2020, compared to less than 60% in 2019. On the other hand, the demand for locum tenens specialists and allied health professionals decreased due to the cancellation of elective surgeries.

[domberaj38]

According to Nova one advisor, The U.S. Healthcare Staffing market size was valued at US$ 24.9 billion in 2021 and is expected to hit US$ 34.15 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.10% from 2022 to 2030

[businesspointnews]

Healthcare Staffing Market Trends, Demand, Size, Share, Companies and Forecast 2024-2032

IMARC Group, a leading market research company, has recently released a report titled “Healthcare Staffing Market Report by Service Type (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the market share, size, trends, and growth forecast. The report also…

[iamyelling]

ranting about the state of the "job market" and "the economy" to my dad over text today, here's what i said basically:

so i remembered seeing that a bunch more people got laid off in the games industry and i looked it up today and found that 8,100+ people have been laid off just in 2024 so far.

what are these 8100 people going to do? that’s a lot of people! like lol are there other industries that are willing to hire people with totally different experience backgrounds? no, because every job has hundreds of applicants, so they can pick someone who does have experience in whatever that hiring company does. i mean, i don’t know that much about games world, but it seems like .. bad !

like are these unity engineers going to fix the hiring and staffing crisis in healthcare and education and childcare??? that’s the way people talk about things, the job market, “the economy”. they’re like oh well layoffs are ok bc there are sectors that can’t find anyone to work! and it’s like… you’re going way to vague. these are totally different people with completely different education and career history and experience and resumes!

do the Big People In Charge seriously think it’s all the same workers? like that it’s totally interchangeable exchangeable? it feels like.. on a whole other level of out of touch to me. i just. the degree of complete overhaul of how the entire system works, from education to hiring practices and norms to training would need to be. so out there as to be unthinkable and impossible

i saw a headline recently that was saying that "underemployment is good news for staffing shortages", or something very similar to that. it made me so mad when i saw it a few days ago i scrolled away without clicking. i can't find the article now, which is a bummer.

When an industry is ~strong or growing, layoffs or shutdown in a portion aren’t as rough - there are other jobs. But it seems today nobody is hiring so this is different than other eras.

i’m like oh i’d be happy to do all sorts of work! but i have the wrong experience so im not even gonna apply. they’re desperate for workers, but they need someone with very particular experience and qualifications and certifications and education and the pay is low and the working conditions very unpleasant. it’s a huge disconnect. Many companies have no idea how to find, recruit and hire people. They are so unsure that they don’t make decisions or make bad decisions.

like, there��s no “childcare certification bootcamps” lol. no “education cert courses” or if there are it’s not public knowledge. but they’re not getting people trained to get into the field, they’re just asking magical perfect workers to pop up into their inboxes out of nowhere. and all for $20/hr! lol!

it’s apples to oranges. there’s hella tech workers! soooo many! lots of office workers! but how are we going to get these people to fill all the vacancies in totally different industries? is it even realistic to expect people to shift like that? the expectations and standards are extremely high and there’s no room for error or imperfection. the trades and blue collar is staaarting to do training and certs and education courses

all the companies are cutting their workforce. there is now a pool of thousands of extra workers with no openings for them in their field but! there are openings in different fields

my question is how do people expect that gap to be bridged? people need work, desperately. certain industries are in crisis. essential industries! but the pool of unemployed is not matched to those jobs there’s thousands probably a million other people like me. with office job experience and education and qualifications, looking for office jobs. and there’s a million job openings for completely different work. like in schools, hospitals, construction and trades, childcare, food and dining, infrastructure. plus the money isn’t there, so those positions are lower pay, less cushy, also require certain certifications and education and qualifications and abilities, and they’ve been in crisis and understaffed for ages so the shifts are long, the schedules are chaotic, and management is toxic.

i guess my hot take is, if these places really want workers, they should hire laid off office workers and just set up on-the-job training. it’s that simple. people need to eat and pay rent and pay for their kids and things. just do paid training. not free, not scholarship, not low-cost. just hire and train for the first couple months or however long

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Unlocking Opportunities: Top 10 Recruitment Companies in India

In the dynamic landscape of India’s job market, the role of recruitment companies in India has become indispensable. These firms serve as catalysts, connecting talented individuals with organizations seeking their skills. Whether you’re a job seeker exploring new career avenues or an employer searching for the perfect fit, partnering with the right recruitment company can make all the difference. Here’s a curated list of the top 10 recruitment companies in India that are making waves in this industry;

Ananta Resource Management: In the bustling landscape of recruitment firms, Ananta shines as a beacon of excellence and reliability. With a commitment to delivering tailored solutions and fostering meaningful connections, Ananta Resource Management stands out as the premier choice for organizations seeking top-tier talent and job seekers aiming for their dream careers.

Website: https://www.anantaresource.com/

ABC Consultants: ABC Consultants, with over five decades of experience, stands as a beacon of reliability and expertise in the Indian recruitment sphere. Specializing in various sectors such as IT, FMCG, and healthcare, ABC Consultants offers end-to-end recruitment solutions tailored to meet your organizational needs.

Website: https://www.abcconsultants.in

Team Lease Services: Team Lease Services is synonymous with agility and efficiency in recruitment solutions. From temporary staffing to payroll management, Team Lease caters to diverse sectors, including manufacturing, retail, and ITES, providing a seamless recruitment experience.

Website: https://www.teamlease.com/

Randstad India: As a global leader in HR services, Randstad India brings its unparalleled expertise to the Indian market. With a strong foothold in sectors like IT, BFSI, and healthcare, Randstad offers comprehensive recruitment and workforce solutions.

Website: https://www.randstad.in/

Kelly Services India: Kelly Services India is renowned for its innovative workforce solutions and extensive network of clients and candidates. Offering recruitment, outsourcing, and consulting services, Kelly Services is a go-to partner for staffing needs across various industries.

Website: https://www.persolkelly.co.in/

Manpower Group India: Manpower Group India’s legacy of excellence spans the globe, offering holistic recruitment solutions and talent development services. With a focus on sectors ranging from IT to engineering, Manpower Group ensures seamless workforce management for its clients.

Website: https://www.manpowergroup.co.in/

Gi Group India: Gi Group India brings its global prowess in recruitment and HR services to the Indian market. Specializing in staffing solutions and recruitment process outsourcing, Gi Group caters to clients across various sectors with its tailored workforce management solutions.

Website: https://in.gigroup.com/

Adecco India: Adecco India, a stalwart in the staffing industry, offers end-to-end recruitment and HR consulting services. With a vast network and expertise across sectors, Adecco simplifies the hiring process, ensuring seamless workforce solutions for its clients.

Website: https://www.adecco.co.in/

Hudson Global: Hudson Global specializes in executive search and recruitment services, focusing on senior-level hiring needs across industries such as IT, BFSI, and healthcare. With its customized solutions, Hudson Global ensures the perfect match between talent and opportunity.

Website: https://www.hudsonrpo.com/

Naukri.com: Naukri.com, India’s leading online job portal, revolutionizes recruitment with its vast database and specialized hiring solutions. Serving as a bridge between employers and job seekers, Naukri.com offers unparalleled visibility And access to talent across diverse industries.

Website: https://www.naukri.com/

Conclusion

By leveraging the expertise and services of these top recruitment companies, you can unlock a world of opportunities, whether you’re a job seeker or an employer. With their comprehensive solutions and industry insights, these firms ensure that talent meets opportunity seamlessly, driving success and growth in India’s dynamic job market. Partner with them today to embark on a journey of innovation and excellence in recruitment.