Healthcare Staffing Market To Generate $64.2 Billion Revenue by 2030

The healthcare staffing market size is expected to advance at a CAGR of 7.0% during 2022–2030, to reach USD 64.2 billion by 2030. This is ascribed to the exposure to diverse medical systems that staff hired on the temporary basis gets.

Per Diem Nurse Staffing Is Expected To Show Significant Growth

Per diem nurse staffing is set to witness significant growth because their hiring is done for shorter deployments, via dedicated job placement firms or hospital worker pools, and they are paid on a daily basis. The work flexibility and high earnings associated with this profile are the major factors propelling the category’s growth. Moreover, due to permanent nurses being on vacation, going on spontaneous leaves, or being unavailable for long durations, outpatient facilities, clinics, and hospital chains often generate last-minute, temporary requirements.

To handle these challenges without affecting patient care, per diem staff members are preferred, and either the hospital can directly or a staffing agency can indirectly schedule the shift. Additionally, several nurses accept these jobs as a way of gathering work experience in a variety of healthcare settings, prior to finding permanent employment.

In addition, allied staffing places medical technologists, pathologists, physical therapists, pharmacists, phlebotomists, dental hygienists, radiographers, and other professionals. The rising prevalence of chronic diseases, growing number of elderly patients, and improving access to public healthcare are propelling the category’s growth.

Growing Number of Healthcare Staffing Platforms Drives Market

The number of staffing platforms is increasing, which is propelling the growth of the market. Various key players are focusing on the development of such platforms to help alleviate the shortage of medical staff members. For instance, in May 2022, Staffhealth.com developed a mobile app, i.e., Nurseshifts, for the purpose of nurse staffing. The app provides the fast and efficient way of hiring nurses.

Further, in July 2022, Simpliant announced the launch of its cloud-based workforce solution for hospital and medical facilities, which is configurable, flexible, and easy to use.

APAC Has Lucrative Growth Potential

The market in APAC is expected to show a CAGR of 7.5% in the forecast period, because of the rising demand for employees to work for a specific period of time all over the region. Professionals hired for a specific period do not have major issues with salary as it is discussed beforehand, whereas the permanent employees need a raise each year, which will, in turn, propel the growth of the market. Further, recruiters have a large number of professionals to place, which makes the hiring process faster. According to reports, the need for healthcare professionals during the COVID-19 pandemic rose massively to handle the swelling number of patients at hospitals, homecare settings, and temporary healthcare and isolation units.

Europe is expected to witness significant growth in the market, attributed to the vast shortage of healthcare staff it has been facing for some years now. Due to the Omicron wave, the region faced a massive healthcare staff shortage. This was perpetrated, in part, and worsened by the death of around 50,000 healthcare workers from the infection. This dent in the number of healthcare workers will now fuel the demand for temporary ones across the region.

The most-significant healthcare staffing market players are CHG Companies Inc., Maxim Healthcare Staffing Services Inc., Cross Country Healthcare, LocumTenens.com LLC, Syneos Health, Collarsearch, Triage LLC, and Ingenovis Health Inc.