North America Healthcare Staffing Market
Factors such as government initiatives to promote and develop recruitment solutions in healthcare and the rise in demand for physician extenders are driving the market. However, concerns regarding the shortage of medical professionals such as nurses are likely to hamper the market's growth during the forecast period.
Healthcare staffing is now on the radar of government agencies. Governments of developing countries are making significant investments to modernize health care infrastructure in their respective countries, which is likely to increase access to health care. This is expected to increase the demand for health care staffing. For example, a bill was drafted by the Indian Government to regulate allied health care services. It will help set standards for hiring health care professionals and enhance their education and practices. Government initiatives like these are expected to drive the health care staffing market forward.
While the introduction of legislation such as The Resident Physician Shortage Act of 2021 aims to provide a solution to the physician shortage by addressing funding issues within medical education, other government attempts are explicitly directed toward extenders. In 2021, the Centers for Medicare and Medicaid Services executed a rule that permanently authorized PAs to receive direct payment from the Medicare program. This move was especially significant as it eliminated the payment barriers that hindered PAs from providing coverage in federally designated health professional shortage areas, most of which are rural.
According to a Staff Care report based on its 2019 survey of healthcare facility managers, a huge increase in the percentage of healthcare facilities seeking locum tenens physicians reflects both the physician shortage in the US and the growing turnover among employed doctors. Facilities will increasingly be turning to a locum tenens workforce for support on many levels, from surgical procedures to ER staffing needs.
The 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 a surge in patients with various medical conditions, an ever-growing need for locum tenens providers to fill in staffing gaps has developed to ensure 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.
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 rapidly, locum tenens providers continue to play an instrumental role in combatting staffing shortages and maintaining patient levels .
Strategic insights for the North America Healthcare Staffing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 20,918.23 Million |
| Market Size by 2028 | US$ 31,101.94 Million |
| Global CAGR (2021 - 2028) | 5.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Service Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Healthcare Staffing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
NORTH AMERICA HEALTHCARE STAFFING MARKET SEGMENTATION
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. In terms of end user, the North America healthcare staffing market is segmented into hospitals and clinics, pharma, clients, and government agencies. Geographically, the North America healthcare staffing market is divided into the US, Canada, and Mexico.
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 are among the leading companies operating in the
North America healthcare staffing market.
The North America Healthcare Staffing Market is valued at US$ 20,918.23 Million in 2021, it is projected to reach US$ 31,101.94 Million by 2028.
As per our report North America Healthcare Staffing Market, the market size is valued at US$ 20,918.23 Million in 2021, projecting it to reach US$ 31,101.94 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The North America Healthcare Staffing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Healthcare Staffing Market report:
The North America Healthcare Staffing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Healthcare Staffing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Healthcare Staffing Market value chain can benefit from the information contained in a comprehensive market report.
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