Medical Recruitment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Medical Recruitment Market is Segmented by Services (Recruitment Services, Managed Services, Homecare Services, and Specialist Care Services), Industry Verticals (Pharmaceuticals and Biotechnology, Medical Devices, Nursing/Healthcare, and Others), 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.

Market Snapshot

Market Snapshot
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 3.2 %

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Market Overview

The medical recruitment market is projected to register a CAGR of 3.2% during the forecast period (2022-2027).

The COVID-19 pandemic had a negative effect on the medical recruitment market. Various research studies have provided an insight into the effect of the pandemic on the studied market. For instance, in December 2021, an article published titled "What impact has the coronavirus pandemic had on health employment?" by PETERSON-KFF Health System Tracker stated that the COVID-19 recession had a negative effect as lockdowns spread, the health sector, jobs fell sharply along with jobs in other sectors. In April of 2020, health employment fell by 9.3% from the previous month (an unprecedented drop), while non-health employment fell by over 14%. Total health employment in February 2020 was 16.5 million but dropped to 14.9 million in April. The same source stated that after a sharp drop at the beginning of the pandemic, jobs in both the health and non-health sectors have begun to return. Employment had begun to rise again in both sectors by May 2020, though while the pandemic recession is over, recovery is incomplete. By November 2021, 16.0 million Americans were employed in the health sector. The health industry had reported 95% of pre-pandemic job numbers by July of 2020, but non-healthcare jobs did not return to 95% of pre-pandemic levels until almost a year later, in June 2021. As of November 2021, the number of Americans employed in the health sector remains 2.7% lower than in February 2020 (the previous peak). For those in non-healthcare jobs, employment is 2.5% lower. Hence, even if the market has a negative effect, it is expected to grow in the upcoming future.

Factors such as rising numbers of healthcare centers, super specialty and multi-specialty hospitals, and the increasing geriatric population are expected to increase the market growth in the upcoming future. For instance, in June 2021, Park Group of Hospitals went under rapid expansion, making it North India's individually owned, fastest-growing chain of super-specialty hospitals, including cancer and tertiary level care, where patients continue to flock seeking medical intervention and care in the state-of-the-art facility for various ailments. Park Group of Hospitals added five new hospitals to its chain of hospitals from FY 2019 to FY 2021 alone. Park Group of Hospitals' 12 Super-Speciality hospitals is National Accreditation Board for Hospitals & Healthcare Providers (NABH) accredited. Similarly, in December 2021, the State government sanctioned INR 1,100 crore for the construction of a super specialty hospital in Warangal as part of its Health City plans. According to government order (GO) 158, the new super specialty hospital will have 24 floors and 2,000 beds. Of these 2,000 beds, 800 will offer super specialty services. The specialties include ENT, Surgery, Dermatology, Orthopaedics, General Medicine, cardio, urology, neuro, etc. Hence, due to the above-mentioned factors, the market is likely to grow in the future. An increase in the geriatric population will eventually drive the demand for several medications, as this age group is more vulnerable to various metabolic and lifestyle disorders, diminished bodily functions, cognitive impairment, and less mobility. For instance, according to data published by the Minister responsible for Statistics Canada in September 2019, the Canadian population would grow from 37.1 million in 2018 to between 44.4 million (low-growth (LG) scenario) and 70.2 million (high-growth (HG) scenario) by 2068, and 55.2 million in 2068 under the medium-growth scenario since the elderly population requires greater care due to a weak immune system, which makes them vunerable to diseases. The growing geriatric population, along with increasing incidences of chronic and lifestyle disorders among the elderly population, are collectively estimated to drive the market growth over the forecast period as the geriatric population would require a higher amount of care due to a weakening immune system. Hence, the above-mentioned factors are expected to increase market growth in the upcoming future.

However, the overall shortage of available talent is likely to hinder the growth of the market.

Scope of the Report

As per the scope, medical recruitment is the operational delivery of specialty training recruitment, including developing the longer-term vision for recruitment and selection into specialty training, taking into account trainee, trust, and recruiter feedback on recruitment and selection processes. The Medical Recruitment Market is Segmented by Services (Recruitment Services, Managed Services, Homecare Services, and Specialist Care Services), Industry Verticals (Pharmaceuticals and Biotechnology, Medical Devices, Nursing/Healthcare, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Services
Recruitment Services
Managed Services
Homecare Services
Specialist Care Services
By Industry Verticals
Pharmaceuticals and Biotechnology
Medical Devices
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Key Market Trends

Pharmaceutical and Biotechnology are Expected to Hold a Significant Market Share Over the Forecast Period

The rise in R&D expenditure has also augmented the growth of the studied market. For most pharmaceutical and biotechnological companies, clinical development and non-clinical services' costs account for most of their R&D budgets. According to the article published in August 2019, "Average Research & Development Costs for Pharmaceutical Companies," the total R&D expenditure on pharmaceuticals was around 20% of the total revenues. Also, the increasing funding from the United States government for supporting healthcare is an attributing factor to the growth of the market in the United States. For instance, the Congressional Budget Office,2021, published that in the past few decades, federal funding for the National Institute of Health (NIH) has totaled over USD 700 billion.

The high expenditure on R&D indicates the growth of the industry, which would increase the demand for recruitment and, thus, fuel the growth of the market in the upcoming future. For instance, an article published in May 2019, titled "Hiring Trends in the Pharmaceutical Industry," stated that both small and large companies have observed steady job growth each year, with an estimated 4.4 million people employed globally. Hence, due to the abovementioned factors, the market is likely to grow in the future.


North America is Expected to Dominate the Market Over the Forecast Period

The North American region is likely to dominate the market due to the factors such as advancements and launches in healthcare facilities and the growing number of service providers in the region coupled with increasing healthcare funding. For instance, in April 2021, UnitedHealthcare introduced various enhancements to its integrated approach to medical and specialty benefits, providing members with a more simplified experience and enabling employers to help improve employee health outcomes, increase productivity and lower costs. With medical and specialty plans such as vision, dental, and disability, employers may save up to 4% on medical premiums, which can additionally help employees to improve health due to improved identification and management of chronic conditions, increased engagement in clinical care programs along with the use of data to create a simpler member experience. In the United States, UnitedHealthcare offers the full spectrum of health benefit programs for individuals, employers, and Medicare and Medicaid beneficiaries and contracts directly with more than 1.3 million physicians and care professionals and 6,500 hospitals and other care facilities nationwide. Increasing government funding is another factor for the growth of the market. For instance, in April 2021, the Government of Canada introduced Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience against COVID-19. Budget 2021 provides USD 3 billion over five years, starting in 2022-23, to Health Canada to support provinces and territories by ensuring the standards for long-term care are applied, and permanent changes are made. This is in addition to the USD 1 billion provided through the 2020 Fall Economic Statement for the creation of the Safe Long-term Care Fund. This would increase the market growth by providing job opportunities in the region. Hence, due to the above-mentioned factors, the market is likely to grow in the future.


Competitive Landscape

The market is partially fragmented and consists of several major players. Some of the companies which are currently dominating the market are Accountable Healthcare Staffing, AMN Healthcare, Aya Healthcare, CHG Management, Inc, and CCM Recruitment, among others.

Recent Development

  • In March 2022, New Jersey-based Hackensack Meridian Health, an integrated health network, announced the launch of Hospital At Home at JFK University Medical Center in Edison.
  • In March 2022, Rela hospital in Oragadam launched a 24×7 multi-specialty hospital with emergency services for accidents; daycare services and consultation; and 24×7 Pharmacy.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Numbers of Healthcare Centers

      2. 4.2.2 Growing Super Specialty and Multi-Specialty Hospitals

      3. 4.2.3 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Overall Shortage of Available Talent

    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 Services

      1. 5.1.1 Recruitment Services

      2. 5.1.2 Managed Services

      3. 5.1.3 Homecare Services

      4. 5.1.4 Specialist Care Services

    2. 5.2 By Industry Verticals

      1. 5.2.1 Pharmaceuticals and Biotechnology

      2. 5.2.2 Medical Devices

      3. 5.2.3 Nursing/Healthcare

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Accountable Healthcare Staffing

      2. 6.1.2 AMN Healthcare

      3. 6.1.3 Aya Healthcare

      4. 6.1.4 CCM Recruitment

      5. 6.1.5 CHG Management, Inc

      6. 6.1.6 CPL Healthcare

      7. 6.1.7 EGV Recruiting

      8. 6.1.8 Euromotion Medical

      9. 6.1.9 IMS Recruitment

      10. 6.1.10 Medacs Global Group Limited

      11. 6.1.11 Proclinical

      12. 6.1.12 SOLIANT HEALTH

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global Medical Recruitment Market market is studied from 2019 - 2027.

The Global Medical Recruitment Market is growing at a CAGR of 3.2% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Accountable Healthcare Staffing, AMN Healthcare, Aya Healthcare, CHG Management, Inc, CCM Recruitment are the major companies operating in Global Medical Recruitment Market.

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