Global Healthcare Staffing Market Expected to have Growth rate of CAGR of 10–15% by 2027

BRUSSELS - July 20, 2023 - PRLog -- The Healthcare Industry has faced unprecedented and unpredictable staffing challenges in the recent years. Further, the return of patients after pandemic seeking care for elective and non-emergent procedures — is leading to exponential growth in demand for physicians and other healthcare providers. It can take months to fill a vacant position and job vacancies can lead to loss of revenue. Moreover, unfilled jobs adversely affect patient care. This greatly increases the importance of healthcare staffing companies.

Rising demand for staffing services due to a shortage of physicians and nursing staff driving the healthcare staffing market

The Association of American Medical Colleges has projected a significant shortage of physicians in the United States, estimated to range between 38,000 and 124,000 by the year 2034. Further, a shortage of nursing staff to persist over the next decade as baby boomers exit the workforce.

Healthcare staffing Firms are facing the heat of the shrinking labor market

While demand is on the rise, the healthcare workforce is shrinking, resulting in increased competition for a limited resource. The pre-existing provider shortage was worsened by the pandemic as many physicians/nurses quitting job due to burnout.

Following the easing of COVID-19 pandemic, demand for travel nurses decreased in the U.S.

Registered nurses who work as temporary nurses at hospitals, clinics, and other healthcare facilities are known as travel nurses. Just before the pandemic, in January 2020, there were about 50,000 travel nurses in the U.S., or about 1.5% of the total number of registered nurses in the U.S. This number doubled in size to more than 100,000 in pandemic. In 2021, the demand for travel nurses grew by more than 30%.

North America Holds a Major share of Healthcare Staffing Market

From a geographical outlook, North America holds a major market share of the healthcare staffing market. This is attributed to high demand for healthcare services and a large healthcare market; growing shortage of skilled healthcare professionals; and presence of large number of staffing companies. The U.S. healthcare industry is experiencing a severe shortage of workers at every level.

Competetive Landscape Analysis :  Healthcare Staffing Market

Aya Healthcare; AMN Healthcare; CHG Healthcare; Medical Solutions; Jackson Healthcare; Vista Staffing; HealthTrust Workforce Solutions (a division of HCA); Cross Country Healthcare; SnapNurse; Maxim Healthcare Services; Medix; Cornell/Trilantic Porto; Health Carouse; Trusted Health; HealthCare Support; Supplemental Healthcare; ATC Healthcare; and Medicus Healthcare Solutions, among others.

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