Healthcare Staffing Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Healthcare Staffing Market Achieve During 2025–2034, and What Does It Indicate?
The market size of healthcare staffing has significantly expanded in the past few years. Its growth is predicted to escalate from $46.54 billion in 2024 to $49.78 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The increase during the historic period is linked to a shortage in the healthcare workforce, fluctuating and flexible staffing needs, specialized skill requirements, government laws and regulations, and a focus on cost-efficiency.
Anticipations include a robust expansion in the healthcare staffing market size in the coming years. The estimation suggests a surge to “$68.83 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this growth during the projected period include an emphasis on mental health services, an increase in home healthcare services, initiatives for diversity and inclusion, government funding in healthcare, and the readiness of public health. Key trends projected during this period encompass innovative platforms, cooperative ventures and partnerships, strategic investments, and technology-driven solutions.
What Are the Primary Drivers Supporting the Growth of the healthcare staffing Market?
The healthcare staffing market is poised for growth, driven by the escalating deficit of healthcare personnel. This includes individuals working in healthcare or social care contexts, such as medical students undergoing clinical rotations, frontline caregivers, and other healthcare professionals who may not interact directly with patients, all of whom constitute the healthcare staff. They are responsible for preventing illness and disability as well as assessing health conditions, diagnosing, and providing treatment. Recent years have witnessed a slump in healthcare staff across numerous global hospitals. As per the Oracle Corporation, a United States-based tech firm, it was reported in January 2023 that based on current workforce trends in the U.S., it is forecasted that over 6.5 million healthcare professionals will permanently leave their positions by 2026. Meanwhile, the sector will only gain 1.9 million new employees, leading to a daunting national shortage exceeding 4 million healthcare workers. Such an escalating deficit of healthcare personnel is hence fuelling the expansion of the healthcare staffing market.
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Who Are the Key Firms Paving the Way for Growth in the Healthcare Staffing Market?
Major companies operating in the healthcare staffing market include:
• Envision Healthcare Corporation_x000D_
• AMN Healthcare Holdings Inc._x000D_
• CHG Healthcare Services Inc._x000D_
• Maxim Healthcare Group Inc._x000D_
• Cross Country Healthcare Inc._x000D_
What Are the Most Influential Trends Currently Shaping the Healthcare Staffing Market?
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Which Key Segments of the Healthcare Staffing Market Are Poised for Growth and Innovation?
The healthcare staffing market covered in this report is segmented –
1) By Service: Travel Nurse Staffing, Per Diem Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing
2) By Function: Patient Care Staff, Administrative Staff, Support Staff, Technicians, Allied Health Professionals
3) By End User: Hospitals, Pharma, Clients, Government Agencies
Subsegments:
1) By Travel Nurse Staffing: Registered Nurses (RNs), Licensed Practical Nurses (LPNs), Specialty Nurses
2) By Per Diem Nurse Staffing: Temporary RNs, LPNs For Short-Term Needs, CNAs (Certified Nursing Assistants)
3) By Locum Tenens Staffing: Physicians, Nurse practitioners (NPs), Physician Assistants (PAs)
4) By Allied Healthcare Staffing: Physical Therapists (PTs), Radiologic Technologists, Medical Lab Technicians (MLTs)
Which Regions Are Essential for the Growth of the Healthcare Staffing Market?
North America was the largest region in the healthcare staffing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global healthcare staffing market during the forecast period. The regions covered in the healthcare staffing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Definition of the Healthcare Staffing Market Impacting Future Growth?
Healthcare staffing is the process of employing healthcare workers or providers as needed for a particular organization. In addition to ensuring better patient care, adequate healthcare staffing numbers also lessen nurse fatigue, avoid burnout, and boost patient satisfaction.
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