Healthcare Staffing Market by Type (Allied Healthcare Staffing, Per Diem Nurse Staffing, Travel Nursing, and Locum Tenens Staffing), End-user (Hospitals, Clinics, Clients, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Global Healthcare Staffing Market Analysis

The Global Healthcare Staffing Market Share was $40,080 million in 2021 and is predicted to grow with a CAGR of 8.9%, by generating a revenue of $89,763.9 million by 2031.

Global Healthcare Staffing Market Synopsis

The aging population with chronic disease burdens such as cardiovascular diseases, hypertension, diabetes, mental health issues, and health concerns are changing and growing more complex. Along with these challenges, effective workforce strategies that encourage the recruitment, and sustainability of qualified healthcare staff are urgently required to adequately fulfill these rising demands, which place challenging pressures on healthcare systems around the world. The strength of a robust healthcare workforce, both in terms of quality and quantity, is essential for establishing universal health coverage, achieving appropriate population health standards, and fostering equal access to care.          

The aging population and rising demand are putting an increasing strain on most countries' healthcare systems, requiring more and more medical personnel. From that point of view, the recent advent of automation and the use of robots in the healthcare system such as in surgery, simplify complex operations and expand the patient pool. The rising use of artificial intelligence, automation for surgical procedures, and the use of robots for patient care is replacing the place of healthcare staffing. All these factors are anticipated to hinder the healthcare staffing market growth.

Population expansion is one of the major causes of care demand. According to the American Association of Medical Colleges (AAMC) demographic projections, the US population will expand from 332 million in 2022 to 361 million in 2032. As the population ages, more people over the age of 65 will require specialist healthcare to manage chronic illnesses for a longer period of time than earlier generations. As a result, demand for geriatricians and other specialists is expected to increase, changing the balance of available doctors capable of serving the general population.

Healthcare Staffing Market Overview

Healthcare staffing offers a wide range of services, such as finding qualified people, using technology to check applicants' and workers' credentials, validating skills, confirming licenses and certificates, and doing any other screening procedures. The goal of accreditation is to show that a medical staffing agency is committed to offering a higher caliber of service.

COVID-19 Impact on Global Healthcare Staffing Market

The COVID-19 pandemic resulted in an increase in patients exponentially. This in return had an impact on the overall increase in healthcare services and other related sectors. It also had a positive impact on the overall growth of the healthcare staffing market. It is mainly due to an increase in demand for physicians and healthcare providers. The shortage of healthcare workers has opened new opportunities for global healthcare providers. Many hospitals during the COVID-19 pandemic hired temporary healthcare staff from healthcare staffing agencies. COVID-19 pandemic resulted in a surge in demand for virtual clinics and treatments. More and more people opted for virtual treatment rather than visiting hospitals due to lockdowns and the risk of getting infected by the COVID-19 virus. The government and hospitals have hired healthcare staff during the pandemic to provide virtual assistance to people during the COVID-19 pandemic.

For instance, during the COVID-19 pandemic in India, many states such as Maharashtra, Gujarat, Delhi, and others hired healthcare workers to cater to the supply and demand during the COVID-19 pandemic situation.

Growing Need for Flexible Staffing Services to Drive the Market Growth

The expanding older population globally is creating an ideal situation for chronic diseases. Most people nowadays can expect to live into their sixties and beyond. The number of older people and their share of the population is increasing. According to a WHO report published in October 2022, by the year 2030, one in every six persons will be 60 or older. At this point, the proportion of the population aged 60 and up will rise from 1 billion in 2020 to 1.4 billion in 2030. The number of persons in the globe who are 60 years or older will double by 2050. The number of people aged 80 and more is predicted to reach between 2020 and 2050, reaching 426 million. The prevalence of infectious and chronic diseases in an aging society is anticipated to have a significant impact on medical care. The population of people 65 years and older is expected to increase by 55%, whereas the population of people under the age of 18 is only expected to increase by 5%. Seniors are more likely to suffer chronic illnesses like heart disease, cancer, and non-infectious airway disorders, which increases their need for different healthcare services and the demand for healthcare staff which is accounted to drive the healthcare staffing market size.

To know more about global healthcare staffing market drivers, get in touch with our analysts here.

Increasing use of AI and Robots in the Healthcare Industry to Restrain the Market Growth

The rising use of Artificial Intelligence and robots in healthcare care such as the use of robotic-assisted surgery which allows doctors to execute a wide range of complex operations with better precision, flexibility, and control than traditional approaches. Medical staffing is being replaced by robotics and automation. The global healthcare staffing market opportunity is hindered by the rising need for automation which is anticipated to hamper the healthcare staffing market growth.

The Increased Number of Hospitals and Care Centers to Drive Excellent Opportunities

The development of technology and the rise in various ailments across the globe are both contributing to the rapid growth of the hospital industry. Due to its expanded coverage, services, and greater spending by the general public and private investors, the industry is growing at an impressive rate due to significant increases in the number of government and non-government hospitals, long-term care facilities, and other types of medical facilities which are predicted to aid in the growth of healthcare providers. Taking this particular growth of healthcare, it is projected that there will be an intrinsic need for more healthcare staff to effectively supply the people required to complement the industry's growth.

To know more about global healthcare staffing market opportunities, get in touch with our analysts here.

Global Healthcare Staffing Market, by Type

Based on type, the market has been divided into allied healthcare staffing, per diem nurse staffing, travel nursing, and locum tenens staffing. Among these, the allied healthcare staffing sub-segment accounted for the highest market share in 2021 whereas the locum tenens staffing sub-segment is estimated to show the fastest growth during the forecast period.

Global Healthcare Staffing Market Share, by Type, 2021

Source: Research Dive Analysis

The allied healthcare staffing sub-type is accounted to have a dominant market share in 2021. The phrase allied health refers to the majority of healthcare providers who support other specialists in the prevention, diagnosis, and treatment of a wide range of illnesses and medical disorders. Allied healthcare staffing are those in healthcare that are not from the medical or nursing fields. They make up the remaining medical team members, which helps with technological difficulties, diagnosis, and rehabilitation.

The locum tenens staffing sub-type is anticipated to show the fastest growth in 2021. Locum tenens is derived from the Latin phrase to hold a place. Therefore, a locum tenens staffing is a person who fills in for a regular healthcare staff place while they are away. When practices are short-staffed, locum tenens staffing ensures that all patients receive adequate care because they are highly trained medical specialists who can travel around as needed, and fill in for other healthcare staff places.

Global Healthcare Staffing Market, by End-user

Based on end-user, the market has been divided into hospitals, clinics, clients, and others. Among these, the hospitals sub-segment accounted for the highest revenue share in 2021.

Global Healthcare Staffing Market Share, by End-user, 2021

Source: Research Dive Analysis

The hospitals sub-type accounted to have dominating market share in 2021. The demand for more employees in hospitals is rising as a result of the increasing population and an increase in government and private hospitals. Hospitals include diagnosis, counseling, observation, treatment, and intervention services. Also, the majority of hospitals and healthcare facilities structure their workforce in accordance with the stringent guidelines established by the government. Due to patient-centered rules and regulations, big firms are hiring more people to meet the rising demand for healthcare.

Global Healthcare Staffing Market, Regional Insights

The healthcare staffing market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Healthcare Staffing Market Size & Forecast, by Region, 2021-2031 (USD Million)

Source: Research Dive Analysis

The Market for Healthcare Staffing in North America to be the Most Dominant

North America will likely hold the largest share of the global healthcare staffing market share. A number of reasons are anticipated to be advantageous for the region's healthcare staffing industry, including the region's increasing aging population, supportive governmental policies, well-developed healthcare infrastructure, and accessibility of medical coverage. Also, the number of government and non-government hospitals, long-term care facilities, and other healthcare institutions would increase dramatically, greatly increasing healthcare staffing market growth.

Competitive Scenario in the Global Healthcare Staffing Market

Investment and agreement are common strategies followed by major market players. For instance, in December 2022, Ingenovis Health, the seventh-largest healthcare staffing service in the U.S., has acquired Springboard Healthcare, a Phoenix-based healthcare travel staffing and education company.

Source: Research Dive Analysis

Some of the leading healthcare staffing market players are AMN Healthcare, Envision Healthcare Corporation, CHG Management, Inc., Maxim Healthcare Group, Cross Country Healthcare, Inc., Trustaff, Aya Healthcare, Teamhealth, Adecco Group, and Locumtenens.Com