Market Size of Per Diem Nurse Staffing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 14.96 Billion |
| Market Size (2029) | USD 21.38 Billion |
| CAGR (2024 - 2029) | 6.88 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Per Diem Nurse Staffing Market Analysis
The Per Diem Nurse Staffing Market size is estimated at USD 14.96 billion in 2024, and is expected to reach USD 21.38 billion by 2029, growing at a CAGR of 6.88% during the forecast period (2024-2029).
COVID-19 had a significant impact on the per diem nurse staffing market due to the high demand for nursing staff and the high number of hospital admissions during the COVID-19 pandemic. However, hospitals & clinics faced shortages of nurses as many nurses resigned due to nurse burnout during COVID-19. For instance, as per the article published by the Archives of Psychiatric Nursing in December 2022, during the COVID-19 restrictions, nursing staff experienced chronic staffing shortages, high turnover, and burnout in a long-term care environment. This had an adverse impact on the per diem nurse staff market during the pandemic. The market is gradually recovering by recruiting per diem nurse staffing to meet the high operational needs and reduce the shortage of staff nurse-to-patient ratios worldwide.
In addition, rising demand for healthcare facilities and growing preference for per diem nursing due to flexible work atmosphere is expected to drive the growth of the studied market. The demand for healthcare facilities is increasing, primarily due to the increasing burden of long-term illnesses such as cancer and diabetes. These long-term illnesses cannot be cured by acute hospitalization and are living significantly longer which increases the demand for healthcare facilities. According to the report published by Pan American Health Organization in 2023, the cancer burden globally is estimated to increase by 60% over the next two decades, further straining health systems, people, and communities. In addition, the burden of cancer cases by 2040 is estimated to be 30 million new cancer cases with the greatest increase in low- and middle-income countries. Therefore, the high burden of chronic diseases like cancers increases the need for nurse staff for proper management in hospitals and is anticipated to propel the market growth over the forecast period.
The strategic initiatives by key players, such as partnerships and collaborations in the per diem services increase the availability of staff in healthcare facilities which is expected to propel the market growth. For instance, in July 2022, the University of California (UC) entered a collaboration with the California Nurses Association on a new three-year contract for the more than 17,000 nurses who work in UC medical and student health facilities. These nursing staff include per diem staff with significantly high pay around USD 3,000. The agreement takes effect immediately and will run through October 2025. Thus, the growing preference for per diem nursing along with new collaborations of market players is expected to drive market growth over the forecast period.
However, low job security of per diem nurse staff is likely to impede market growth over the forecast period.
