The global healthcare staffing market size is expected to reach USD 62.8 billion by 2030, registering a CAGR of 6.89% over the forecast period, based on a new report by Grand View Research, Inc. The market is being driven by the increased demand for temporary nursing workers, particularly among the elderly, aiding the market growth in the coming years. The healthcare system currently is under pressure owing to the large geriatric population and increasing access to public health. This is increasing the focus on having well-trained healthcare staff in place. However, numerous countries are facing a shortage of healthcare staff. The gap between the healthcare demand and the supply of nurses and doctors in the healthcare system is widening.
The WHO estimates that there is a global shortage of 4.3 million physicians, nurses, and other health professionals. The scarcity is often starkest in developing countries due to the limited capacity and number of medical schools. Furthermore, the adoption of workforce solutions and an increase in demand for healthcare services, particularly at specialty hospitals & inpatient facilities, are likely to drive the 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. North America held the majority of the market share in 2021. The market is witnessing a continuous increase in demand for healthcare professionals and a lack of skilled professionals at the same time. This rising shortage of healthcare workers is expected to have a direct impact on their salaries, resulting in a significant increase in salaries for various healthcare professionals, such as nurses
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The travel nurses sector dominated the service type segment in 2021. High demand for nurses during flu season, travel opportunities, and nurse shortages are expected to drive the segment growth
The locum tenens segment is expected to register the fastest CAGR over the forecast period owing to a rise in the number of physicians choosing to work as locum tenens and the cost-effectiveness to providers
Investments in the latest technologies help companies to streamline the hiring and staffing process, search for candidates, search for a vacancy, and others
For instance, in August 2020, AMN Healthcare launched the newest version of AMN Passport, a mobile app to help travel nurses and allied professionals find, book, and manage their assignments
Staffing service for specialists has been negatively impacted during the pandemic due to the cancellation of elective surgeries; however, the demand has increased for nurses in areas fighting acute COVID outbreaks
According to the data collected by Aya Healthcare, in December 2020, the demand for registered nurses increased by 44% in a month
Grand View Research has segmented the global healthcare staffing market based on service type and region:
Healthcare Staffing Service Type Outlook (Revenue, USD Million, 2017 - 2030)
Travel Nurse Staffing
Per Diem Nurse Staffing
Locum Tenens Staffing
Allied Healthcare Staffing
Healthcare Staffing Region Outlook (Revenue, USD Million, 2017 - 2030)
Middle East & Africa
List of Key Players of the Healthcare Staffing Market
CHG Management, Inc.
Cross Country Healthcare, Inc.
Envision Healthcare Corp.
Maxim Healthcare Services Inc.
Syneos Health, Inc.
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