Global Healthcare Staffing Services Market Size By Type of Staffing Services, By Level of Healthcare Professionals, By End-User, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Healthcare Staffing Services Market Size By Type of Staffing Services, By Level of Healthcare Professionals, By End-User, By Geographic Scope And Forecast
Healthcare Staffing Services Market Size And Forecast
Healthcare Staffing Services Market size was valued at USD 37.50 Billion in 2023 and is projected to reach USD 69.53 Billion by 2030, growing at a CAGR of 7.6% during the forecast period 2024-2030.
Global Healthcare Staffing Services Market Drivers
The market drivers for the Healthcare Staffing Services Market can be influenced by various factors. These may include
- Lack of Medical Professionals Nurses, doctors, therapists, and other allied healthcare workers are among the certified and skilled healthcare professionals that the global healthcare business frequently struggles to find in sufficient supply. For the purpose of closing these gaps and addressing the labour deficit, staffing services are essential.
- Variable Patient Need Seasonal illnesses, public health emergencies, and demographic trends are a few examples of the variables that can influence the demand for healthcare services. Healthcare companies can adapt their personnel to changing patient needs with the help of staffing services.
- Needs for Specialised Staffing Specialised knowledge and abilities in a range of disciplines, including emergency medicine, critical care, and specialised nursing, are needed in the healthcare industry. To fulfil these specialised needs, staffing agencies can locate professionals with particular certifications.
- Trends in Per Diem and Temporary Staffing Temporary or per diem employment is frequently used by healthcare facilities to handle changes in patient volume, seasonal demands, or unforeseen circumstances. A pool of competent workers is made available by staffing services for temporary jobs.
- Increasing Costs of Healthcare The need for healthcare services is fueled by rising global healthcare spending, which in turn increases the demand for healthcare professionals. Healthcare companies might benefit from staffing services in order to effectively manage their workforce.
- Put Cost Efficiency First Healthcare companies look for economical ways to manage their staff while continuing to provide patients with high-quality service. Using staffing services instead of recruiting full-time employees can save money by providing a flexible workforce approach.
- A Greater Focus on Flexibility Healthcare staffing services offer workforce management flexibility, enabling businesses to lower overtime expenses, preserve operational flexibility, and modify personnel levels in response to demand.
- Technological Progress Digital technologies and technology platforms in healthcare staffing services facilitate faster and more efficient connections between healthcare organisations and competent personnel. Online resources make the hiring and placement process more efficient.
- Globalisation of Medical Services There is a greater need for healthcare professionals worldwide as a result of the globalisation of healthcare. In order to address global employment needs, staffing agencies can help locate healthcare workers internationally.
- Change to Models of Value-Based Care The shift to value-based care models places a strong emphasis on better patient outcomes, cost effectiveness, and efficiency. By supplying qualified workers who are in line with the objectives of value-based care, staffing services can assist healthcare organisations in adjusting to these models.
- Public Health Emergencies Situations like the COVID-19 epidemic emphasise how crucial it is to have a workforce in the healthcare industry that is adaptable and responsive. When it comes to providing medical personnel during public health emergencies, staffing services are essential.
Global Healthcare Staffing Services Market Restraints
Several factors can act as restraints or challenges for the Healthcare Staffing Services Market. These may include
- Strict Adherence to Regulations Strict licencing rules and regulations apply to the healthcare sector. Healthcare staffing providers face challenges in adhering to these standards, especially when assigning workers to different areas or nations.
- The calibre of the talent pool There may not always be an abundance of knowledgeable and experienced healthcare providers. It may be difficult for staffing agencies to keep a talent pool of exceptional candidates who can match the varied needs of healthcare organisations.
- Issues with Continuity of Care The continuity of patient care may be hampered by frequent staff turnover and the use of temporary or per diem workers. Relying significantly on staffing services can make it difficult for healthcare organisations to provide consistent care.
- Pressures on costs and margins The provision of cost-effective solutions may be put under strain by healthcare staffing services as they deal with issues such growing labour costs, rising demand for competitive pay, and the requirement to preserve profit margins.
- Intricate Hiring Procedures The employment procedure in the healthcare sector is frequently complicated and includes background checks, accreditation, and adherence to numerous regulations. The effectiveness of staffing services can be impacted by these time-consuming procedures.
- Rivalry and Disintegration The market for healthcare staffing services is divided and extremely competitive. There is fierce rivalry for clients and talent in this business due to the large number of staffing agencies operating in it.
- Depending on the State of the Economy Economic downturns may have an effect on the requirement for staffing solutions due to changes in the demand for healthcare services. Healthcare organisations may choose to curtail hiring or use cost-cutting measures during periods of economic instability.
- Changes in the Models of Healthcare Delivery Staffing requirements may change as a result of evolving healthcare delivery paradigms like telemedicine and remote care. It could be difficult for staffing services to adjust to new models that call for distinct skill sets.
- Unpredictable Events and Public Health Crises Unpredictable events such as natural catastrophes or public health crises may cause disruptions to healthcare staffing services. These occurrences may cause abrupt changes in demand and provide difficulties for labour planning.
- Opposition to Temporary Personnel Because they are worried about patient outcomes, team relationships, and continuity of care, certain healthcare organisations and professionals may be reluctant to use temporary or per diem staffing.
- Technological Upheavals Technology can improve the hiring process, however staffing services may find it difficult to stay up to date with the newest platforms and tools due to the speed at which technology is developing.
- Legal and Ethical Issues Healthcare staffing services may be constrained by ethical difficulties pertaining to fair compensation and treatment of temporary employees, as well as legal concerns about employment contracts and worker rights.
Global Healthcare Staffing Services Market Segmentation Analysis
The Global Healthcare Staffing Services Market is Segmented on the basis of Type of Staffing Services, Level of Healthcare Professionals, End-User and Geography.
Healthcare Staffing Services Market, By Type of Staffing Services
- Travel Nursing Providing temporary nursing staff who travel to different locations to fill short-term staffing needs.
- Locum Tenens Supplying temporary physicians or other healthcare professionals to cover positions temporarily, often used in medical practices or hospitals.
- Per Diem Staffing Offering healthcare professionals on a daily or as-needed basis to fill immediate staffing gaps.
- Allied Health Staffing Staffing services for allied health professionals such as physical therapists, occupational therapists, radiology technologists, and others.
- Permanent Placement Assisting healthcare organizations in recruiting and placing permanent healthcare professionals.
Healthcare Staffing Services Market, By Level of Healthcare Professionals
- Physicians and Surgeons Staffing services for medical doctors and surgeons across various specialties.
- Nursing Staff Including registered nurses (RNs), licensed practical nurses (LPNs), nurse practitioners, and nursing assistants.
- Allied Health Professionals Staffing services for professionals such as physical therapists, occupational therapists, laboratory technicians, and more.
- Non-Clinical Staff Providing administrative and support staff for healthcare organizations, including medical coders, billing specialists, and administrative assistants.
Healthcare Staffing Services Market, By End-User
- Hospitals Staffing services tailored for acute care hospitals and medical centers.
- Clinics and Outpatient Facilities Providing staffing solutions for outpatient clinics, urgent care centers, and specialty clinics.
- Long-Term Care Facilities Staffing services for nursing homes, assisted living facilities, and rehabilitation centers.
- Home Healthcare Offering staffing solutions for in-home healthcare services.
- Government Health Agencies Providing staffing services for government healthcare facilities and agencies.
Healthcare Staffing Services Market, By Geography
- North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
- EuropeAnalysis of the Healthcare Staffing Services Market in European countries.
- Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
- Middle East and AfricaExamining market dynamics in the Middle East and African regions.
- Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Healthcare Staffing Services Market are
- AMN Healthcare
- Cross Country Healthcare
- Maxim Healthcare Services
- Envision Healthcare Corporation
- Adecco Group
- LocumTenens
- CHG Management Inc
- TeamHealth
- Trustaff
- Aya Healthcare
- Redwood
- UHC Solutions
- Platinum Healthcare Staffing Inc
- HealthTrust
- MedicalPeople
- Almost Family
- inVentiv Health
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | AMN Healthcare, Cross Country Healthcare, Maxim Healthcare Services, Envision Healthcare Corporation, Adecco Group, LocumTenens, CHG Management Inc, TeamHealth, Trustaff, Aya Healthcare. |
SEGMENTS COVERED | By Type of Staffing Services, By Level of Healthcare Professionals, By End-User and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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