Healthcare Staffing Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Global Health Staffing Companies and it is segmented by Service (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, and Allied Healthcare Staffing) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market size and value (in USD million) for the above segments.

Healthcare Staffing Market Size

Healthcare Staffing Market Overview
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
CAGR 5.20 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Need a report that reflects how COVID-19 has impacted this market and its growth?

Healthcare Staffing Market Analysis

The Healthcare staffing market is expected to grow at a CAGR of 5.2% over the forecast period of 2022-2027.

The COVID-19 pandemic had a significant impact on the healthcare staffing market. During the pandemic, healthcare staffing has been more unpredictable than other employment sectors, which had tended to follow more standard "cyclical" trends, with declines at the outset of the pandemic when lockdowns were widespread and increasing as the economy improved. High turnover rates and nurse and physician burnout were two well-known outcomes of the pandemic. Thus, patients' health is compromised by a persistent shortage of nurses and healthcare professionals in hospitals. As a result, hospital management was taking several important steps to address the workforce shortage, which is expected to aid the overall market growth. According to the Assistant Secretary for Planning and Evaluation (ASPE), released in May 2022, the healthcare industry lost 1.5 million workers between March and April 2020. As per the same report, hospitals reported more frequent staffing shortages during Delta and Omicron outbreaks. For instance, in December 2021, hospitals and nursing homes lost 32,900 and 145,600 staff, respectively. Therefore, in the wake of labor shortages, hospitals turned to healthcare staffing service providers to fill in the gaps. For instance, according to an AMN Healthcare survey released in January 2022, 96% of healthcare facilities hired temporary health professionals to address the shortage of permanent healthcare employees in 2021. Therefore, the shortage of healthcare workers amid of pandemic created lucrative opportunities for the healthcare staffing market. It is expected to fuel the overall target market growth in the given timeframe.

The significant increase in the geriatric population is the key factor driving the target market in recent years. According to the world health organization fact sheet on Ageing and health published in October 2021, the total number of people aged 60 years and over was 1 billion in 2020, which will increase to 1.4 billion by 2030. Thus, the senior population is more susceptible to diseases and infections, leading to long-term hospitalization. As a result, this will lead to increased adoption of outsourcing healthcare staff, which will likely fuel the overall market's growth. Increased awareness of the benefits of temporary work, job-related incentives, and the availability of possibilities worldwide are some factors driving industry expansion. However, the shortage of skilled health workers, limited facilities, and professional expertise provided by healthcare staffing service providers are expected to restrain the market over the forecast period.

Healthcare Staffing Market Trends

This section covers the major market trends shaping the Healthcare Staffing Market according to our research experts:

Travel Nurse Staffing Segment is Expected to Hold a Significant Share in the Healthcare Staffing Market Over Forecast Period

Registered nurses (RNs) can work in a variety of healthcare specializations and different locations across the United States and overseas through travel nursing services. These services can provide travel opportunities, short-term assignments, flexible work hours, and clinical experience in various settings. Increasing awareness of the advantages of temporary work and job-related bonuses are key factors supporting the segment's growth.

Regarding revenue share, the travel nurse segment dominated the market in 2021 as hospitals were compelled to downsize their personnel in response to rising healthcare expenses. Therefore healthcare service providers are turning to 'staffing' companies to ensure that nurses are available when workloads increase. According to an AMN Healthcare survey conducted in October 2021, the use of travel nurses climbed by 35% in 2020. As per the survey findings, this trend is expected to continue in the near future. Therefore, such factors are expected to positively influence the segment's growth during the forecast period.

The healthcare staffing recruiting process is faster and allows recruiters worldwide to choose from various candidates. For instance, according to the study conducted by Zippia, Inc. in April 2021, there were 1,696,386 traveling nurses employed in the United States in 2020. Moreover, per the Travel Nursing Statistics Report 2020-2021, data updated in August 2020, by 2022, 1.1 million jobs are predicted to be generated, with that number expected to rise over time. Hence, the factors mentioned earlier with the expanding trend of hiring travel nurses give the market a positive outlook.

Local

North America is Anticipated to Dominates the Market Over the Forecast Period

North America is expected to account for the largest global healthcare staffing market share. The region's healthcare staffing market is expected to benefit from a well-developed healthcare infrastructure, favorable government regulations, the region's huge geriatric population, and the availability of medical coverage in healthcare staffing. According to the National Health Expenditure Accounts, data released in December 2021, The United States spent USD 4.1 trillion on healthcare in 2020.

Moreover, as national healthcare staff shortages increased during the pandemic, organizations increasingly relied on recruiting outside their immediate area. For instance, in May 2021, Syntellis Performance Solutions partnered with HFMA's Financial Analytics Leadership Council (FALCO) to survey the pandemic hospital labor trends now and into the future. As per the survey findings, 57% of survey respondents during the pandemic indicated they hired temporary or contract workers, with more than a third (34%) hiring people from outside their region. In 2021 and 2022, 25% of survey respondents plan to go beyond their areas for additional temporary staff, while 27% plan to hire permanent staff from other locations. Thus, healthcare facilities are continuing to look into several options for staffing shortages. To overcome this, the healthcare system compensates nurses and other clinical workers who work extra hours with incentives and increases per-hour incentive payments. Also, it created more flexible staffing models and internal float pools to move healthcare workers to different locations as needed. Hence, Such a factor will positively influence the target market growth over the forecasted period.

Healthcare Staffing Market Report

Healthcare Staffing Industry Overview

The healthcare staffing market is moderately competitive with many key players in the market. Some of the key players operating in the market include Adecco Group, AMN Healthcare, LHC Group Inc. (Almost Family), CHG Management, Inc., Envision, Cross Country Healthcare, Inc., Maxim Healthcare Group, inVentiv Health, TeamHealth, LocumTenens.com (Jackson Healthcare LLC), and Syneos Health Inc. among others.

Healthcare Staffing Market Leaders

  1. CHG Management, Inc.

  2. AMN Healthcare

  3. Envision

  4. Cross Country Healthcare, Inc.

  5. Maxim Healthcare Group

*Disclaimer: Major Players sorted in no particular order

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Healthcare Staffing Market News

  • In June 2022, Vibra Healthcare launched a new business to help with healthcare staffing called Vibra Travels which is a travel nursing and healthcare staffing business.
  • In May 2022, StaffHealth.com launched NurseShifts, a new mobile app, and marketplace designed for on-demand staffing to help nurses find shifts, faster.

Healthcare Staffing Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Chronic Diseases

      2. 4.2.2 Increasing Number of Healthcare Facilities and Shortage of Healthcare Staff

    3. 4.3 Market Restraints

      1. 4.3.1 Shortage of Skilled Medical Personnel

      2. 4.3.2 Limited Facilities and Professional Dedication Supplied by Health Care Staffing

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Service

      1. 5.1.1 Travel Nurse Staffing

      2. 5.1.2 Per Diem Nurse Staffing

      3. 5.1.3 Locum Tenens Staffing

      4. 5.1.4 Allied Healthcare Staffing

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Adecco Group

      2. 6.1.2 AMN Healthcare

      3. 6.1.3 LHC Group Inc. (Almost Family)

      4. 6.1.4 CHG Management, Inc.

      5. 6.1.5 Envision Healthcare

      6. 6.1.6 Cross Country Healthcare, Inc.

      7. 6.1.7 Maxim Healthcare Group

      8. 6.1.8 inVentiv Health

      9. 6.1.9 TeamHealth

      10. 6.1.10 LocumTenens.com (Jackson Healthcare LLC)

      11. 6.1.11 Syneos Health Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

Healthcare Staffing Industry Segmentation

As per the scope of the report, healthcare staffing is a process of hiring healthcare providers or healthcare professionals for a specific organization as needed. The service providers help healthcare units avail staff without indulging in a long recruitment process. Health care staffing is gaining popularity among hospitals, research centers, and clinics. The healthcare staffing market is segmented by service (travel nurse staffing, per diem nurse staffing, locum tenens staffing, and allied healthcare staffing) and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size and forecasts in value (USD million) for the above segments.

By Service
Travel Nurse Staffing
Per Diem Nurse Staffing
Locum Tenens Staffing
Allied Healthcare Staffing
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Healthcare Staffing Market Research FAQs

The Global Healthcare Staffing Market is projected to register a CAGR of 5.2% during the forecast period (2023-2028).

CHG Management, Inc., AMN Healthcare, Envision, Cross Country Healthcare, Inc. and Maxim Healthcare Group are the major companies operating in the Global Healthcare Staffing Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Global Healthcare Staffing Market.

Healthcare Staffing Industry Report

Statistics for the 2023 Healthcare Staffing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Healthcare Staffing analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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