Temporary Healthcare Staffing Market Size is valued at USD 61.4 Bn in 2023 and is predicted to reach USD 85.3 Bn by the year 2031 at a 4.35% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The expansion of the temporary healthcare staffing industry is propelled by the increasing scarcity of proficient medical practitioners, in addition to the cost-effectiveness linked to temporary healthcare staffing.
- The market is likely to experience substantial expansion because of an increase in the number of government and non-government hospitals, long-term care centres, acute care centres, and other types of health facilities.
- North America dominated the market and accounted for a global revenue share in 2023.
- The key challenge for the Temporary Healthcare Staffing Market is the mismatch between the skills required for temporary positions and the available team of talent.
Temporary healthcare staffing addresses the staffing requirements of healthcare organizations by providing medical professionals, including doctors, nurses, therapists, and others, for shorter durations. This can occur due to distinctive initiatives, fluctuations in seasons, and alterations in patient demand. The growth of temporary healthcare staffing on a global scale is fueling the globalization of the healthcare industry and advancements in technology. Temporary staffing companies are able to efficiently locate and recruit highly skilled workers from across the world, hence creating opportunities to enter new markets for their services.
Furthermore, another factor that is increasing the need for affordable staffing alternatives that can contribute to providing quality care is the rising prevalence of chronic diseases. Due to their heavy workloads, permanent medical personnel, such as nurses, are also pressured to contemplate temporary project-based employment. In addition, the market is anticipated to be propelled by increased government investments in market research and development and technology advancement.
However, the expansion of the temporary healthcare staffing industry is being affected by shifts in healthcare payment systems around the world. Complex processes and high costs can slow the growth of the worldwide temporary healthcare staffing industry. During the projected period, the global temporary healthcare staffing market is anticipated to experience growth due to the increasing use of natural expansion strategies such as acquisitions.
Competitive Landscape
Some Major Key Players In The Temporary Healthcare Staffing Market:
- Soliant Health
- Envision Healthcare
- Maxim Healthcare Services
- CHG Management, Inc.
- Cross Country Healthcare
- TeamHealth
- Jackson Healthcare
- LocumTenens
- Trustaff
- Aya Healthcare
- Vibra Healthcare
- Ample Healthcare
- Acacium Group
- SnapNurse
- AMN Healthcare
- BrightStar Care
- Triage Staffing
- Other Prominent Players
Market Segmentation:
The temporary healthcare staffing market is segmented based on type, application, and end-user. Based on type, the market is segmented into physician staffing, per diem nurse staffing, travel nurse staffing, and allied healthcare staffing. Allied healthcare staffing category comprises Pharmacists and Pharmacy Technicians Staffing, Therapists and Rehabilitation Professionals Staffing, and Other Clinical Professionals Staffing. By application, the market is segmented into staffing gaps, seasonal demand, emergencies, temporary project support, crisis response teams, telemedicine and remote care, and others. By end-user, the market is categorised into hospitals & clinics, nursing homes, ambulatory surgical centres, hospice care centres, government healthcare facilities, rehabilitation centres, and others.
Based On The Type, The Travel Nurse Staffing Segment Accounts For A Major Contributor To The Temporary Healthcare Staffing Market.
The travel nurse staffing temporary healthcare staffing market is expected to lead with a major global market share. Rising healthcare costs, nursing shortages in certain regions, and the necessity for specialized care during times of high demand or other health emergencies are the main factors propelling this expansion. This segment is especially essential because of the adaptability and flexibility of travel nurses, who may fill significant deficiencies in healthcare provision.
Hospitals & Clinics Segment To Witnessed A Rapid Growth.
The hospitals & clinics category is estimated to grow rapidly in the global temporary healthcare staffing market because most hospitals & clinic facilities are expanding their staff by government mandates. Hospitals must adhere to the standard nurse-to-patient ratio established by various government agencies. Rising demand for specialists and the expansion of major hospitals & clinics networks. As a result of patient-centred legislation and regulation, hospitals are hiring more people to satisfy the current demand, especially in countries like the US, Germany, the UK, China, and India.
In The Region, The North American Temporary Healthcare Staffing Market Holds A Significant Revenue Share.
The North American temporary healthcare staffing market is expected to record a large market share in revenue in the near future. This can be attributed to several reasons, including an extensive healthcare system, rising consumer expenditure, and enabling governmental initiatives. In addition, Asia Pacific is anticipated to expand in the healthcare market's global healthcare staffing because of a well-developed healthcare system, supportive government policies, a large elderly population in the area, and the accessibility of temporary healthcare insurance in the workforce, which drives up demand in this region will boost the market's growth.
Recent Developments:
- In February 2024, CHG Healthcare released two new apps that helped people who work in healthcare. Locum tenens tasks were made easier by MyCompHealth and MyWeather. The apps let healthcare workers keep track of everything from their shift assignments to trip plans from their phones. The user's writing stays the same.
- In February 2024, Envision Healthcare entered into a multi-year, statewide agreement with Blue Cross and Blue Shield of Texas, the biggest customer-owned health insurer in the Lone Star State. This agreement will allow Blue Cross and Blue Shield of Texas to offer in-network care from Envision clinicians to its commercial, Managed Medicare, and Managed Medicaid members in Texas.
Temporary Healthcare Staffing Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 61.4 Bn |
|
Revenue Forecast In 2031 |
USD 85.3 Bn |
|
Growth Rate CAGR |
CAGR of 4.35 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Application And End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Soliant Health, Envision Healthcare, Maxim Healthcare Services, CHG Management, Inc., Cross Country Healthcare, TeamHealth, Jackson Healthcare, LocumTenens, Trustaff, Aya Healthcare, Vibra Healthcare, Ample Healthcare, Acacium Group, SnapNurse, AMN Healthcare, BrightStar Care and Other market players. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
