Healthcare Staffing Services Market Is Projected to Expand At A CAGR Of 6.5% Between 2023 And 2031. The global healthcare staffing services market shall undergo steady growth during the forecast period from 2024 to 2032. Rising demand for healthcare professionals globally, coupled with increasing healthcare spending will drive this market. There has been a shortage of physicians and healthcare workers all over the globe. According to the World Health Organization (WHO) and the Global Health Workforce Alliance, 83 countries fall short of the acceptable criteria of 22.8 skilled healthcare personnel per 1,000 population. Moreover, the WHO states that the expected global need-based shortage of skilled healthcare providers stood at 17.4 million in 2013 out of which 2.6 million are doctors and 9 million are nurses/midwives and other cadres. According to the U.S. Bureau of Labor Statistics, 50% of healthcare jobs were vacant in 2016, an increase from 30% in 2015.

Another prime reason for the growth of healthcare staffing services is the growing geriatric population. The U.S. population of individuals aged 65 and older is predicted to grow by 55% during the period from 2015 to 2030. Furthermore, according to the Association of American Medical Colleges (AAMC), 1 in 3 physicians in the U.S. is aged 55 or above, and nearing retirement. This is a significant factor boosting the demand for healthcare workers, thus driving the healthcare staffing services market.

In terms of service type, the market is segmented into allied healthcare, per diem nurses, travel nurses, and locum tenens. Allied healthcare consisting of radiologists, laboratory technicians, physical therapists, and others, held the largest share of the market due to the high demand for skilled medical device operators. The Locum tenens segment is projected to exhibit the highest growth rate during the forecast period owing to the rising preference for locum tenens in ambulatory and emergency care units due to its cost-effectiveness.

North America encapsulated the largest share in terms of geography. The organized healthcare sector, high demand for skilled healthcare professionals, and presence of major healthcare staffing companies in the region are responsible for the supremacy of North America. Asia Pacific is foreseen as the fastest-growing market for healthcare staffing services. Growing demand for contract staffing in developing economies, huge investment in the healthcare sector resulting in elevated job opportunities, and a large patient pool to cater to are the factors stimulating the market in Asia Pacific. Mergers, acquisitions, and strategic partnerships are being undertaken by the key players to increase their geographic foothold and market share. 

Key Players Identified for Healthcare Staffing Services Market Include:

Adecco Group, Trustaff, Almost Family, AMN Healthcare, Aya Healthcare, CHG Management, Inc., Cross Country Healthcare, Envision Healthcare Corporation, inVentiv Health, Maxim Healthcare Services, Inc., Team Health Holding, Inc., and Others notable players.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Healthcare Staffing Services market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Healthcare Staffing Services market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Healthcare Staffing Services market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Healthcare Staffing Services market?
• Which is the largest regional market for Healthcare Staffing Services market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Healthcare Staffing Services market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Healthcare Staffing Services market worldwide?