The global healthcare staffing market is expected to reach $57.2 billion by 2030, growing at a CAGR of 6.2% between 2022 and 2030. The growth of the healthcare staffing industry is due to the increasing demand for healthcare jobs globally. The arrival of COVID-19 has also led to significant growth in the industry as the demand for healthcare workers increased with the growing number of patients worldwide. The market is segmented by type of service and geography. The mobile nurse segment had the highest share in 2021, while the surrogate sub-segment is anticipated to have the fastest growth rate from 2022 to 2030 due to flexible hours, varied clinical experience, and a shorter allocation period. North America amassed over 56% of the market in 2021 and is projected to continue to do so between 2022 and 2030 due to the considerable geriatric population in the region, favorable government policies, sophisticated health infrastructure and accessibility to health coverage.
Additional Piece:
The COVID-19 pandemic has highlighted the crucial role of healthcare workers in protecting public health and safety. It has also exposed the gaps and inefficiencies in the healthcare staffing industry, such as the shortage of qualified personnel, the unequal distribution of resources, and the need for innovative solutions to meet the demands of a rapidly changing healthcare landscape.
One of the key trends in healthcare staffing is the growing demand for digital health technologies that improve the efficiency and effectiveness of healthcare delivery. Telemedicine, remote patient monitoring, artificial intelligence, and other digital tools are transforming the way healthcare workers interact with patients and each other. They enable faster and more accurate diagnosis, improved patient outcomes, and better resource utilization. They also offer new opportunities for healthcare workers to work remotely, collaborate with other professionals, and expand their skills and knowledge.
Another trend is the increasing importance of diversity, equity, and inclusion in healthcare staffing. The healthcare industry serves diverse populations with unique needs and perspectives. It is essential to have a diverse and inclusive workforce that reflects the communities it serves and understands their cultural, linguistic, and social contexts. This can lead to better patient engagement, trust, and satisfaction, as well as improved health outcomes. Healthcare organizations that prioritize diversity, equity, and inclusion can also attract and retain top talent, enhance their brand reputation, and strengthen their competitive advantage.
In conclusion, the healthcare staffing market is a dynamic and evolving industry that requires strategic planning, innovation, and collaboration to meet the needs of patients, healthcare workers, and stakeholders. The adoption of digital health technologies, the promotion of diversity, equity, and inclusion, and other emerging trends and best practices can help advance the healthcare staffing industry and promote better health outcomes for all.
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The global healthcare staffing market size accounted for $33.6 billion in 2021 and is projected to occupy a market size of $57.2 billion by 2030, growing at a CAGR of 6.2% of 2022 to 2030.
the global Healthcare workforce market The size accounted for $33.6 billion in 2021 and is projected to occupy a market size of $57.2 billion by 2030, growing at a CAGR of 6.2% between 2022 and 2030.
Overview of Personal Healthcare Market:
The healthcare staffing industry has been growing due to the increasing demand for healthcare jobs globally. A JOTLS survey in the United States revealed that nearly 50% of healthcare jobs remain unfilled as of 2014. For example, out of 1,046,000 open healthcare jobs, only 519,000 people were hired for the positions, while the remaining openings were vacant in 2016. There has been significant growth in the healthcare staffing industry due to the arrival of COVID-19. With the growing number of patients worldwide (in millions per month), the demand for healthcare workers was at its peak. As a result, the market grew substantially during this period. For example, a recent EHRN study confirms that the demand for hospital staff, particularly nurses, increased by 50,000 or 245% between September 2020 and December 2020. Furthermore, this demand will continue during the projected years of 2022 to 2030. .
Statistics of the market of health personnel:
- Revenue of the global healthcare workforce market amounted to USD 33.6 billion in 2021 and is expected to grow at a CAGR of 6.2% between 2022 and 2030
- According to a latest study, the current number of general practitioners in the US is 472,560, while the UK and Germany have 300,000 and 392,402 respectively.
- North America healthcare workforce market share to reach over 56% in the coming years
- In 2019, there were 938,966 active physicians with a US Doctor of Medicine present in the US.
- Among service type, the traveling nurse sub-segment brought in $13.4 billion in revenue in 2021
- Robust healthcare infrastructure spending is a key healthcare workforce market trend driving industry growth
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Dynamics of the healthcare workforce market:
The growing elderly population, along with the increase in cases of chronic diseases, is the main aspect that drives the growth of the healthcare workforce market. The growing trend of studying abroad is a key trend in the healthcare staffing industry that is driving market demand. On top of that, the growing number of healthcare facilities and shortage of healthcare personnel are also fueling the demand for healthcare personnel. However, lower job security and high pay for qualified healthcare providers could hinder market growth. In addition, a growing number of healthcare and nursing facilities and improved staffing processes in the industry will create numerous growth opportunities for the market in the coming years.
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Healthcare Personnel Market Segment:
The global market for healthcare personnel is categorized by type of service and geography.
· Based on the type of service, the market is bifurcated into allied health care, nurse per diem, locum tenens, and travel nurse
On the basis of region, the market is categorized into North America, Latin America, Asia-Pacific, Europe, and MEA
Market share of healthcare personnel:
Based on analysis of the healthcare staffing industry, the mobile nurse segment had the highest share in 2021 and is likely to do so between 2022 and 2030. The peak share of mobile nurses in healthcare staffing will be attributes to cost effectiveness and prompt service. , reduced pressure on doctors and physicians, and a shortage of nurses. On top of that, based on our healthcare staffing market forecast, the surrogate sub-segment is anticipated to have the fastest growth rate from 2022 to 2030. The notable growth in surrogates is due to flexible hours, varied clinical experience , and a shorter allocation period. They are also mostly required during peak seasons or when the permanent physician is on leave or sabbatical. On the other hand, daily nurses are going to gather a significant share and stable growth in the coming years. Per diem nurses are hired for short assignments and are paid daily through hospital recruitment drives or specialized employment agencies. Reasonably high salaries and flexible work hours are the main factors influencing nurses’ decision to work per day.
Regional analysis of the healthcare workforce market:
Regional analysis shows that North America amassed over 56% of the market in 2021 and is projected to continue to do so between 2022 and 2030. Several factors are anticipated to be advantageous to the region’s healthcare workforce market, including the considerable geriatric population in the region. , favorable government policies, sophisticated health infrastructure and accessibility to health coverage. Due to an increase in demand for contract workers in the region, Asia-Pacific is projected to experience the fastest growing CAGR during the projected period of 2022 to 2030. The reality that contract employment does not come with obligations associated with permanent employment may be a contributing factor in the increase in demand.
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Healthcare Personnel Market Players:
Some of the top healthcare staffing companies considered in the study include Almost Family, Envision Healthcare Corporation, AMN Healthcare, General Healthcare Resources, Inc., Adecco Group, Maxim Healthcare Services, Inc., Cross Country Healthcare, Inc., Local Staff, LLC., inVentiv Health, and TeamHealth.
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https://industrytoday.co.uk/health_and_safety/healthcare-staffing-market-revenue-is-projected-to-reach-usd-572-billion-by-2030
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