Market Size of Global Healthcare Staffing Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 42.37 Billion |
| Market Size (2029) | USD 58.81 Billion |
| CAGR (2024 - 2029) | 6.77 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Healthcare Staffing Market Analysis
The Global Healthcare Staffing Market size is estimated at USD 42.37 billion in 2024, and is expected to reach USD 58.81 billion by 2029, growing at a CAGR of 6.77% during the forecast period (2024-2029).
The significant increase in the geriatric population is the key factor driving the target market in recent years. For instance, in July 2022, the report published by the United Nations reported that the share of the global population aged 65 and above will grow from 10% in 2022 to 16% in 2050. Thus, the senior population is more susceptible to diseases and infections, leading to long-term hospitalization. As a result, the adoption of outsourcing healthcare staff is expected to increase, fueling the overall market's growth. Increased awareness of the benefits of temporary work, job-related incentives, and the availability of possibilities worldwide are factors driving the industry's expansion.
Moreover, the growing burden of chronic diseases is driving the market's growth. For instance, in January 2023, the American Cancer Society reported 1,958,310 estimated new cancer cases in 2023, which was an increase from 1,918,030 cancer cases in 2022. Thus, the growing burden of chronic diseases, such as cancer, is likely to require more healthcare staff for the management of patients and providing effective care, thus contributing to the market's growth.
Further, the significant advantages of temporary staff in healthcare lead to an increase in market demand and contribute to market growth. For instance, in July 2023, an article published in the European Journal of Operational Research mentioned that temporary workers offered volume flexibility by adjusting staffing patterns and quickly responding to patients' demands during the unavailability of permanent staff. Moreover, in June 2022, according to evidence from the Royal College of Nursing, there was an increase in the reliance on temporary nursing staff to meet patients' demands. Hence, the increasing demand for temporary staff to meet shortages and patient demands is likely to boost market growth.
Therefore, factors such as the rising burden of chronic diseases fuel the need for more skilled health workers to contribute to market growth. However, limited facilities are expected to restrain the market during the forecast period.
Healthcare Staffing Industry Segmentation
As per the scope of the report, healthcare staffing is a process of hiring healthcare providers or healthcare professionals for a specific organization as needed. The service providers help healthcare units make staff available without indulging in a long recruitment process. Healthcare staffing is gaining popularity among hospitals, research centers, and clinics. The healthcare staffing market is segmented by service and geography. By service, the market is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing, and allied healthcare staffing. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. For each segment, the market size is provided in terms of value (USD).
| By Service | |
| Travel Nurse Staffing | |
| Per Diem Nurse Staffing | |
| Locum Tenens Staffing | |
| Allied Healthcare Staffing |
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Global Healthcare Staffing Market Size Summary
The healthcare staffing market is poised for significant growth, driven by the increasing geriatric population and the rising burden of chronic diseases. The demand for healthcare staff is bolstered by the need to manage long-term hospitalizations and provide effective care for conditions such as cancer. The trend towards outsourcing healthcare staff, including the growing reliance on temporary workers, is a key factor in the market's expansion. Temporary staff offer flexibility and the ability to quickly respond to patient demands, addressing shortages and enhancing service delivery. The market is further supported by the advantages of travel nursing services, which provide opportunities for short-term assignments and flexible work hours, appealing to healthcare professionals seeking diverse experiences and job-related incentives.
North America is expected to dominate the global healthcare staffing market, benefiting from a robust healthcare infrastructure, favorable regulations, and a substantial geriatric population. The region's market growth is fueled by increasing healthcare expenditures and the need to manage a growing number of chronic disease cases, such as Alzheimer's dementia. Strategic initiatives by market players, including partnerships and expansions, are enhancing healthcare staffing capabilities and offering flexible work solutions. The competitive landscape features key players like Adecco Group, AMN Healthcare, and Cross Country Healthcare, among others, who are actively shaping the market dynamics through innovative staffing solutions and strategic acquisitions.
Global Healthcare Staffing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Prevalence of Chronic Diseases
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1.2.2 Increasing Number of Healthcare Facilities and Shortage of Healthcare Staff
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1.3 Market Restraints
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1.3.1 Shortage of Skilled Medical Personnel
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1.3.2 Limited Facilities and Professional Dedication Supplied by Health Care Staffing
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Service
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2.1.1 Travel Nurse Staffing
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2.1.2 Per Diem Nurse Staffing
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2.1.3 Locum Tenens Staffing
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2.1.4 Allied Healthcare Staffing
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Global Healthcare Staffing Market Size FAQs
How big is the Global Healthcare Staffing Market?
The Global Healthcare Staffing Market size is expected to reach USD 42.37 billion in 2024 and grow at a CAGR of 6.77% to reach USD 58.81 billion by 2029.
What is the current Global Healthcare Staffing Market size?
In 2024, the Global Healthcare Staffing Market size is expected to reach USD 42.37 billion.
