Healthcare Staffing Services Market Is projected to expand at a CAGR of6.5% between between 2023 and 2031. The global healthcare staffing services market shall undergo steady growth during the forecast period from 2023 to 2031. 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.
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.
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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 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.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 Segmentation
Service
- Allied Healthcare
- Per Diem Nurses
- Travel Nursing
- Locum Tenens
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 2031.
- 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?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Healthcare Staffing Services Market
2.2. Global Healthcare Staffing Services Market, By Service, 2022 (US$ Million)
2.3. Global Healthcare Staffing Services Market, By Geography, 2022 (US$ Million)
2.4. Attractive Investment Proposition by Geography, 2022
3. Healthcare Staffing Services Market: Competitive Analysis
3.1. Market Positioning of Key Healthcare Staffing Services Market Vendors
3.2. Strategies Adopted by Healthcare Staffing Services Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. Healthcare Staffing Services Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Healthcare Staffing Services Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Allied Healthcare
5.3.2. Per Diem Nurses
5.3.3. Travel Nursing
5.3.4. Locum Tenens
6. North America Healthcare Staffing Services Market, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
6.3.Healthcare Staffing Services Market: By Region, 2021-2031, USD (Million)
6.3.1.North America
6.3.1.1. U.S.
6.3.1.1.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
6.3.1.2. Canada
6.3.1.2.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
6.3.1.3. Rest of North America
6.3.1.3.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7. UK and European Union Healthcare Staffing Services Market, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7.3.Healthcare Staffing Services Market: By Region, 2021-2031, USD (Million)
7.3.1.UK and European Union
7.3.1.1. UK
7.3.1.1.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7.3.1.2. Germany
7.3.1.2.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7.3.1.3. Spain
7.3.1.3.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7.3.1.4. Italy
7.3.1.4.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7.3.1.5. France
7.3.1.5.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
7.3.1.6. Rest of Europe
7.3.1.6.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8. Asia Pacific Healthcare Staffing Services Market, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8.3.Healthcare Staffing Services Market: By Region, 2021-2031, USD (Million)
8.3.1.Asia Pacific
8.3.1.1. China
8.3.1.1.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8.3.1.2. Japan
8.3.1.2.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8.3.1.3. India
8.3.1.3.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8.3.1.4. Australia
8.3.1.4.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8.3.1.5. South Korea
8.3.1.5.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
8.3.1.6. Rest of Asia Pacific
8.3.1.6.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
9. Latin America Healthcare Staffing Services Market, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
9.3.Healthcare Staffing Services Market: By Region, 2021-2031, USD (Million)
9.3.1.Latin America
9.3.1.1. Brazil
9.3.1.1.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
9.3.1.2. Mexico
9.3.1.2.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
9.3.1.3. Rest of Latin America
9.3.1.3.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
10. Middle East and Africa Healthcare Staffing Services Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
10.3.Healthcare Staffing Services Market: By Region, 2021-2031, USD (Million)
10.3.1.Middle East and Africa
10.3.1.1. GCC
10.3.1.1.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
10.3.1.2. Africa
10.3.1.2.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
10.3.1.3. Rest of Middle East and Africa
10.3.1.3.1. Healthcare Staffing Services Market: By Service, 2021-2031, USD (Million)
11. Company Profile
11.1. Adecco Group, Trustaff
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. Almost Family
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. AMN Healthcare,
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Aya Healthcare
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. CHG Management, Inc.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Cross Country Healthcare
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Envision Healthcare Corporation
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. inVentiv Health
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Maxim Healthcare Services, Inc.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Team Health Holding, Inc.
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Others notable players
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
List of Figures
Figure 1 Global Healthcare Staffing Services Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Healthcare Staffing Services Market: Quality Assurance
Figure 5 Global Healthcare Staffing Services Market, By Service, 2022
Figure 6 Global Healthcare Staffing Services Market, By Geography, 2022
Figure 7 Market Geographical Opportunity Matrix - Global Healthcare Staffing Services Market, 2022
Figure 8 Market Positioning of Key Healthcare Staffing Services Market Players, 2022
Figure 9 Global Healthcare Staffing Services Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
Figure 10 Global Healthcare Staffing Services Market, By Service, 2022 Vs 2031, %
Figure 11 U.S. Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 12 Canada Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 13 Rest of North America Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 14 UK Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 15 Germany Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 16 Spain Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 17 Italy Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 18 France Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 19 Rest of Europe Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 20 China Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 21 Japan Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 22 India Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 23 Australia Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 24 South Korea Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 25 Rest of Asia Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 26 Brazil Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 27 Mexico Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 28 Rest of Latin America Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 29 GCC Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 30 Africa Healthcare Staffing Services Market (US$ Million), 2021 - 2031
Figure 31 Rest of Middle East and Africa Healthcare Staffing Services Market (US$ Million), 2021 - 2031
List of Tables
Table 1 Global Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 12 North America Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 13 U.S. Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 14 Canada Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 15 Rest of North America Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 16 UK and European Union Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 17 UK Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 18 Germany Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 19 Spain Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 110 Italy Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 111 France Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 112 Rest of Europe Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 113 Asia Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 114 China Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 115 Japan Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 116 India Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 117 Australia Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 118 South Korea Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 119 Latin America Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 120 Brazil Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 121 Mexico Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 122 Rest of Latin America Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 123 Middle East and Africa Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 124 GCC Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 125 Africa Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Table 126 Rest of Middle East and Africa Healthcare Staffing Services Market By Service, 2021-2031, USD (Million)
Companies Mentioned
- 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
