Healthcare Staffing Market By Service Type (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing), End-User (Hospitals, Clinics, Ambulatory Facilities), & Region for 2024-2031

Healthcare Staffing Market Valuation – 2024-2031

The aging population and rising demand for medical services aggravate the shortage of healthcare professionals, the main factor driving the growth of the healthcare staffing market. As a result, healthcare facilities depend more on staffing agencies to cover critical gaps and guarantee consistent, high-quality patient care. According to the analyst from Market Research, the healthcare staffing market is estimated to reach a valuation of USD 89.12 Billion by 2031 over the forecast subjugating around USD 52.66 Billion in 2024.

The growing need for specialized healthcare professionals to address the rising prevalence of chronic diseases is another important factor driving the healthcare staffing market. It enables the market to grow at a CAGR of 7.5% from 2024 to 2031.

Healthcare Staffing MarketDefinition/ Overview

Healthcare staffing is the process of recruiting, placing, and managing healthcare personnel such as nurses, doctors, and allied health workers in a variety of medical settings to provide adequate patient care and operational efficiency. This service is critical for hospitals, clinics, nursing homes, and other healthcare facilities in addressing personnel shortages, managing temporary vacancies, and meeting variable patient demand.

Furthermore, healthcare staffing applications include providing temporary, travel, and permanent placement of medical personnel, filling in for staff on leave, and supplying specialized professionals for specific medical needs or projects, resulting in continuous, high-quality patient care and optimal healthcare operations.

What are the Key Drivers that Foster the Demand for Healthcare Staffing?

The global aging population is a major driver of the healthcare staffing market. As people get older, they tend to need more medical services, so healthcare facilities are facing increased demand for specialized care. This demographic trend needs a larger workforce to manage the increased patient load, forcing healthcare providers to rely more heavily on staffing agencies to quickly fill positions with competent candidates.

There is a significant global shortage of healthcare professionals, particularly in disciplines such as nursing, general practice, and geriatric care. This supply-demand mismatch forces healthcare facilities to seek temporary and permanent staffing solutions, supporting the growth of the healthcare staffing market as they struggle to maintain operational efficiency and patient care standards.

Furthermore, telehealth and remote patient monitoring technology are revolutionizing healthcare delivery, especially in underserved and rural areas. These technologies necessitate new skill sets and more adaptable staffing strategies. Healthcare staffing firms are increasingly required to recruit individuals capable of integrating and implementing these advancements, hence boosting market growth.

What are the Challenges Hindering the Growth of the Healthcare Staffing Market?

The healthcare industry is known for high employment turnover rates, which disrupt personnel consistency and jeopardize patient care quality. This difficulty is exacerbated by the demanding nature of healthcare work, which causes burnout and unhappiness among employees, making retention difficult for both staffing agencies and healthcare providers.

Furthermore, the healthcare staffing market is extremely competitive, with multiple agencies competing for contracts with hospitals and healthcare facilities. This competition forces staffing firms to offer competitive prices, flexible terms, and high-quality candidates, reducing profit margins and necessitating major investments in recruitment procedures and technology to remain relevant and efficient in the market.

Category-Wise Acumens

What Factors Contribute to the Market Leadership of Travel Nurse Staffing?

According to analysis, the travel nurse staffing segment is estimated to hold the largest market share in the service type segment during the forecast period. Travel nurses provide significant flexibility, allowing healthcare organizations to manage regional shortages and seasonal swings in patient traffic, such as during flu seasons or in popular tourist destinations. This adaptability is critical for maintaining service standards during peak demand periods, making mobile nurse staffing the ideal alternative for many healthcare facilities.

Employing travel nurses can be more cost-effective for healthcare facilities than hiring permanent staff, particularly for managing transitory surges in workload. Facilities save on long-term personnel expenditures, such as benefits and pensions, and can dynamically modify their employment levels, increasing operational efficiency.

Furthermore, many nurses are drawn to the travel nursing segment because of the possibility of working in a variety of locales, competitive pay, and the flexibility it provides in terms of work/life balance. This attractiveness provides a consistent supply of nurses ready to conduct this type of job, allowing this segment to continue growing and dominating the market.

How will Hospitals Propel the Demand for Healthcare Staffing?

The hospital segment is estimated to dominate the healthcare staffing market during the forecast period. Hospitals have complicated and diversified staffing requirements due to the large range of services they provide, including emergency care and specialist surgeries. This level of intricacy necessitates the involvement of a diverse range of healthcare workers, from nurses and doctors to ancillary support and specialist technicians. The broad range of personnel requirements fuels the ongoing demand for staffing solutions in hospitals.

Unlike other healthcare settings, hospitals require a large, flexible workforce to manage shifts day and night. This continuous operational paradigm increases reliance on healthcare staffing agencies to fill shifts at all hours, maintaining constant patient care and reducing worker burnout.

Furthermore, hospitals are the principal sites for acute care, serving a large number of people for emergencies, operations, and inpatient treatment. This large influx of patients necessitates a robust staffing strategy to maintain patient-to-staff ratios that meet safety and quality standards, resulting in increased demand for temporary and permanent healthcare worker placements.

Gain Access into Healthcare Staffing Market Report Methodology

Country/Region-wise Acumens

What Drivers Contribute to the Sustained Dominance of North America in this Market?

According to analyst, North America is estimated to dominate the healthcare staffing market during the forecast period. North America, particularly the United States, has one of the world’s most advanced healthcare systems, complete with a dense network of hospitals and medical institutions. This infrastructure requires a large number of healthcare professionals to function properly, creating a huge demand for staffing solutions, particularly in specialties with a dearth of skilled individuals.

North America, particularly the United States, has advantageous regulatory and reimbursement rules that encourage the hiring of temporary healthcare professionals. For example, Medicare and Medicaid reimbursements frequently cover the cost of recruiting through staffing agencies, making it financially feasible for hospitals and other healthcare facilities to use these services widely.

Furthermore, North America’s population is aging, which increases the prevalence of chronic diseases and, as a result, healthcare demand. This demographic shift demands a larger workforce to accommodate the growing demand on the healthcare system, especially in long-term care and geriatric specialties, which fuels the healthcare staffing market.

What are the Factors Leading to Significant Share in the Asia Pacific Region?

The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. Many Asia-Pacific countries, particularly China and India, are experiencing significant economic expansion, which has resulted in increasing healthcare spending and infrastructure investments. This expansion necessitates a significant increase in healthcare people to staff new and current institutions, which fuels demand for healthcare staffing services.

Furthermore, the Asian Pacific region’s population is becoming more aware of health issues and has a greater need for healthcare services. Governments are also expanding healthcare access to more rural and underdeveloped areas, requiring more healthcare professionals to serve these growing markets. Healthcare staffing services play an important role in satisfying these demands by offering flexible employment options.

Competitive Landscape

The competitive landscape of the healthcare staffing market is characterized by a dynamic interplay of innovation, regulatory compliance, and service diversification. Regulatory compliance remains a crucial aspect, with businesses ensuring that their hiring methods adhere to high healthcare standards and licensing regulations.

Some of the prominent players operating in the healthcare staffing market include

• AMN Healthcare
• Aya Healthcare
• The Advisory Board Company
• Maxim Healthcare Services
• Select Staffing
• Robert Half International
• Sodexo
• TeamHealth
• Universal Staffing
• Nursefinders
• Weatherby Healthcare
• Jackson Healthcare
• Kaplan
• Apollo Medical Staffing
• Cross Country Healthcare
• MedStaff

Latest Developments

• In May 2022, AMN Healthcare finalized the acquisition of Connetics USA, a global nurse and allied staffing firm. The acquisition will enhance AMN Healthcare’s nurse and allied staffing and recruiting business.
• In May 2022, StaffHealth.com released NurseShifts, a mobile app and marketplace for on-demand staffing that enables nurses to find shifts quickly.
• In May 2021, AMN Healthcare, a staffing firm, planned to spend $42.5 million on telehealth providers. AMN Healthcare bought Synzi, a virtual care provider, to give consumers more staffing options. The acquisition is part of the company’s efforts to adapt to the changing industry, in which virtual care delivery and remote patient monitoring are becoming increasingly crucial.
• In July 2021, Jackson Healthcare, an Atlanta-based healthcare staffing agency, announced that its Kirby Bates Associates and Tyler & Co. brands would merge. The merger was completed in June, and the new company is named Kirby Bates Associates, with Melissa Fitzpatrick as president.

Report Scope

Healthcare Staffing Market, By Category

Service Type

• Travel Nurse Staffing
• Per Diem Nurse Staffing
• Locum Tenens Staffing
• Allied Healthcare Staffing

End-User

• Hospitals
• Clinics
• Ambulatory Facilities
• Others

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.