by Healthcare staffing refers to medical professionals and workers such as nurses, physicians, pharmacists and allied health care experts that support patients on either full-time or part-time basis. The staffing helps to meet the demand and needs of hospitals, medical facilities and other healthcare settings during peak patient loads or doctor shortages. The staffing allows the healthcare facilities to have qualified professionals while managing costs and demand fluctuations.
The global healthcare staffing market is estimated to be valued at US$ 21.33 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The key trend propelling the growth of the U.S. healthcare staffing market is the increasing demand for dedicated health workers to bridge the gap between healthcare needs and workforce shortages. As the geriatric population grows, requiring more medical services, there is a rising demand for nurses, physicians and other medical staff. However, there is a lack of qualified professionals available, creating significant staffing gaps. Healthcare facilities are increasingly relying on staffing agencies and traveling healthcare staff to fulfill short-term or long-term staffing needs. This growing dependence on healthcare staffing is expected to drive the U.S market growth over the forecast period.
SWOT Analysis
Strength: The U.S. healthcare staffing market benefits from a growing aged population and increasing demand for healthcare services in the country. There is also a shortage of healthcare professionals which propels the need for staffing services.
Weakness: High employee turnover rates in the healthcare staffing industry increases recruitment and training costs. Regulatory compliance requirements also add to operating expenses.
Opportunity: The coronavirus pandemic has highlighted the critical role of healthcare workers. This has augmented demand for staffing services from hospitals and other medical facilities. Growing investments to strengthen the healthcare infrastructure can further stimulate market opportunities.
Threats: Economic slowdowns may temporarily impact healthcare spending and staffing needs. Introduction of newer laws related to employee welfare and benefits can marginally increase compliance costs.
Key Takeaways
The global U.S. Healthcare Staffing Market Share is expected to witness high growth. The rising geriatric population coupled with increasing chronic health issues is a key factor driving demand for healthcare services. This has augmented the requirements for temporary and contract-based clinical and non-clinical staff across various medical facilities.
Regional analysis comprises The western region currently dominates the U.S. healthcare staffing market owing to robust healthcare infrastructure and high healthcare expenditure. States like California and Texas have a sizable number of hospitals, clinics and other institutions with recurring staffing needs. The northeast region also captures a substantial market share and is expected to grow at a significant rate during the forecast period.
Key players operating in the U.S. Healthcare Staffing Market are Solvay SA, Nippon Chemic. These companies provide an array of staffing solutions and have a pan-US presence. They leverage advanced recruitment processes and digital platforms to efficiently match healthcare job roles with qualified professionals. This has helped them strengthen their market position. Strategic collaborations with medical value chain participants is another focus area for major players.
The global U.S. Healthcare Staffing Market is expected to witness high growth. The rising geriatric population coupled with increasing chronic health issues is a key factor driving demand for healthcare services. This has augmented the requirements for temporary and contract-based clinical and non-clinical staff across various medical facilities.
Regional analysis comprises The western region currently dominates the U.S. healthcare staffing market owing to robust healthcare infrastructure and high healthcare expenditure. States like California and Texas have a sizable number of hospitals, clinics and other institutions with recurring staffing needs. The northeast region also captures a substantial market share and is expected to grow at a significant rate during the forecast period.
Key players operating in the U.S. Healthcare Staffing Market are Solvay SA, Nippon Chemic. These companies provide an array of staffing solutions and have a pan-US presence. They leverage advanced recruitment processes and digital platforms to efficiently match healthcare job roles with qualified professionals. This has helped them strengthen their market position. Strategic
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
