Healthcare Staffing Market - Overview-:
Market Overview
The Global Healthcare Staffing Market is Predicted to secure a market value of USD 48.3 Bn while recording a CAGR of 5.2% during the forecast period. For the past few years, the global healthcare staffing market has faced challenges like lack of expertise. As per WHO, there was a lack of 7.2 million medical care laborers across the globe. The number is expected to reach 12.9 million by 2035. The expansion of medical care usage and expenditure in the healthcare sector is projected to be the key drivers of the market in the forecast period. Besides, the increasing influence of renowned companies and the influx of new healthcare staff providers are other salient factors boosting the market expansion. For instance, in August 2017, Novation Companies acquired Healthcare Staffing. The acquisition is projected to help the growth of Novation’s geographical reach and portfolio.
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Health care staffing alludes to reevaluating of health care staff by outsider sellers to the health care units. The office assists health with caring units to profit staff without enjoying long enrollment process. Furthermore, the office assists health with caring units to zero in on other significant business viewpoints. Health care staffing is acquiring ubiquity among emergency clinics, research focuses, and facilities.
Healthcare Staffing Market - Dynamics-:
The examination report clarifies the changing statistics in the Healthcare Staffing Market that is relied upon to affect demand and supply. In addition, it digs into the administrative changes that are anticipated to move or break down the growing tendency of the market.
Drivers-: Increasing adoption of single-use technologies and focus on developing large molecule biopharmaceuticals is driving the market.
Challenge-: The small capacity of depth filters for high-density collection and the strict regulation of the filtration process with depth filters are limiting the market growth.
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Competitive Analysis:
Since the industry is highly fragmented, the global healthcare staffing market players adopt various strategies and methods to expand their global reach. As a result, the market is very competitive, and players make rigorous investments in their products to achieve a competitive edge against the other players.
Some of the eminent players of the industry include:
- Maxim Healthcare Services
- Envision Healthcare Corporation
- AMN Healthcare
- Adecco Group
- CHG Management
- Almost Family
- Cross Country Healthcare Inc, among others.
Some of the recent developments among the players are:
- In 2017, Envision Healthcare Holdings Inc. merged with Amsurg Corporation. The acquisition has assisted the two organizations in bolstering their position in the healthcare staffing market.
- In February 2018, TeamHealth acquired Emergency Medicine Consultants (EMC), a provider of emergency medical staff. The acquisition will add EMC’s 80 advanced practice clinicians and 330 physicians to TeamHealth’s portfolio.
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Healthcare Staffing Market – Segmentation:
Market Segmentation
The global Healthcare Staffing Market can be segmented into service types and end-users.
The global Healthcare Staffing Market can be segmented into travel nurses, locum tenens, allied healthcare, and per diem nurses based on service types. The Locum tenens segment is projected to expand at the fastest growth rate during the forecast period. The cost-efficiency for employers and the growing preference of physicians to work as locum tenens are some of the factors responsible for expanding the segment. In 2019, the travel nurses segment procured the most revenues in terms of revenue share.
The global Healthcare Staffing Market can be segmented into nursing homes, clinics, hospitals, and others based on end-users. The hospital segment is anticipated to grow at a robust CAGR during the forecast period. The development of the part can be attributed to the increasing hospital visits by patients and the presence of expertise in healthcare institutions.
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Regional Analysis
The global healthcare staffing market is projected to dominate North America during the forecast period. The region’s expansion can be attributed to the presence of players, lack of skilled professionals compared to demand, and the rising geriatric population. Besides, payers of the region are adopting several methods to expand their reach in the global market. For instance, Advance Medical acquired Rise Medical Staffing, a provider of travel nurse staffing services. The acquisition will act as an opportunity to enhance the travel nursing division and develop its foothold in hospital settings.
On the other hand, APAC is anticipated to witness the fastest growth during the forecast period. The robust expansion of the region can be attributed to the fact that employment through contract staffing does not involve any liabilities that are generally associated with permanent staff. Further, the recruitment process is faster, and recruiters have a larger pool of candidates.
Key Benefits of the report-:
1. Reveals insight into the restrictions present in the worldwide Healthcare Staffing Market that can hamper the development of the market in the coming years.
2. The report introduces a reasonable focus on how these limitations can be transformed into circumstances when surveyed appropriately.
3. Developing ways of life, tax collection arrangements, and buying forces of different economies have been examined in Healthcare Staffing Market incredible detail.
4. Displays generation and income estimates for the worldwide market, creation and utilization estimates for local needs, output, income, and value figures for the worldwide Healthcare Staffing Market.
5. Offers a forward-looking point of view of the Healthcare Staffing Market by giving nitty-gritty insights giving brisk data about the market's general advancement throughout the conjecture time frame.
6. Improves decision-making capabilities by presenting accurate to an extended picture of this vast Healthcare Staffing Market.
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Some Points from Table of Contents of Healthcare Staffing Market:
Global Healthcare Staffing Market Growth, Trend and Forecast 2021-2027
Chapter 1 Healthcare Staffing Market Overview
1.1 Product Overview and Scope of Healthcare Staffing
1.2 Healthcare Staffing Market Segmentation by Type
1.2.1 Global Production Market Share of Healthcare Staffing by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Healthcare Staffing Market Segmentation by Application
1.3.1 Healthcare Staffing Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Healthcare Staffing Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Healthcare Staffing (2014-2027)
Chapter 2 Global Economic Impact on Healthcare Staffing Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Healthcare Staffing Market Competition by Manufacturers
TOC Continued…!!
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