Report : North America Healthcare Staffing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type (Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, and Allied Health Care Staffing) and End Users (Hospitals and Clinics, Pharma, Clients, and Government Agencies)
At 5.8% CAGR, the North America Healthcare Staffing Market is speculated to be worth US$ 31,101.94 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America healthcare staffing market was valued at US$ 20,918.23 million in 2021 and is expected to reach US$ 31,101.94 million by 2028, registering an annual growth rate of 5.8% from 2021 to 2028. Significant increase in the number of government initiatives and increasing demand of physician extenders are the critical factors attributed to the market expansion.
A big increase in the percentage of healthcare facilities seeking locum tenens physicians reflects both the physician shortage in the United States and the growing turnover among employed doctors, according to a Staff Care report based on its 2019 survey of healthcare facility managers. Facilities will increasingly be turning to a locum tenens workforce for support on many levels, from surgical procedures to ER staffing needs. Demand for pulmonologists, cardiologists, oncologists, psychiatrists, and higher acuity specialties is presently increasing. It is projected that the demand for locum tenens physicians specializing in these areas of medicine will continue to rise. As hospitals continue to support patients’ needs, locum tenens physicians will be needed to supplement staffing in order to reduce physician burnout while maintaining large patient caseloads. With facilities increasingly experiencing surges of patients with a variety of medical conditions, an ever-growing need for locum tenens providers to fill in staffing gaps has developed with the goal of ensuring that patient care goes uncompromised. To address significant patient volume levels, healthcare facilities of all types have invested in locum tenens physicians and advanced practice providers to support full-time staff in treating patients, both in person and through telehealth means. Moreover, locum tenens employment enables facilities to cut back on excessive spending associated with hiring, onboarding, and training new providers. With the assistance of a locum tenens staffing firm like MPLT Healthcare, facilities can quickly find qualified locum tenens candidates on an as-needed basis. With the healthcare field evolving at a rapid pace, locum tenens providers continue to play an instrumental role in combatting staffing shortages and maintaining patient levels.
On the contrary, impact of nurse shortage hurdles the growth of North America healthcare staffing market.
Based on service type, the North America healthcare staffing market is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing, and allied healthcare staffing. The travel nurse staffing segment held 34.2% market share in 2021, amassing US$ 7,150.62 million. It is projected to garner US$ 10,561.50 million by 2028 to expand at 5.7% CAGR during 2021–2028.
In terms of end user, the North America healthcare staffing market is segmented into hospitals and clinics, pharma, clients, and government agencies. The hospitals and clinics segment held 41.4% market share in 2021, amassing US$ 8,668.32 million. It is projected to garner US$ 13,050.21 million by 2028 to expand at 6.0% CAGR during 2021–2028.
Based on country, the North America healthcare staffing market has been categorised into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.6% market share in 2021. It was assessed at US$ 17,703.10 million in 2021 and is likely to hit US$ 26,651.26 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.
Key players dominating the North America healthcare staffing market are Adecco Group, AMN Healthcare, Aya Healthcare, CHG Healthcare Services, Cross Country Healthcare, Envision Healthcare Corp. (KKR & Co. Inc.), Favorite Healthcare Staffing Inc., Jackson Healthcare, Maxim Healthcare Services, and Medical Solutions among others.
- In Feb 2022, Cross Country Healthcare has acquired substantially all the assets of Selected, a cloud-based matching and hiring talent platform that pairs educators with schools based on mutually shared preferences to ensure a tailored and long-term fit. The acquisition ensured a balanced talent equilibrium across the healthcare and education industries.
- In July 2021, Jackson Healthcare received USD 34 million from Georgia’s tab for providing staffing help to hospitals and nursing homes in the pandemic. As per the contract, company supplied healthacre staff, from doctors to nurses to respiratory therapists, to dozens of hospitals and nursing homes across Georgia over the course of the COVID-19 pandemic, through its subsidiary, HWL.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email Id: sales@businessmarketinsights.com