Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Healthcare Staffing Market size was over USD 41.75 billion in 2024 and is projected to reach USD 98.19 billion by 2037, witnessing around 6.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of healthcare staffing is assessed at USD 44.02 billion.
This boost is anticipated by the slated growth in chronic disease conditions are estimated to increase as about 1 out of 3 adults suffer worldwide from multiple chronic conditions. According to the National Institutes of Health Report 2023, there has been an increase of about 7% from 67% of deaths in 2010 to 74% of deaths in 2019, globally which are caused by chronic conditions.
Healthcare Staffing Sector: Growth Drivers and Challenges
Growth Drivers
- Shortage of healthcare workers - There is a surge in the population of patients across the globe credited to which the demand for healthcare staffing is also increasing. According to a report by the Bureau of Health Workforce in 2024, it is predicted that there will be a shortage of about 37% of primary care physicians in nonmetro areas. It is predicted that about 100 countries have skilled professionals below the threshold level which is a shortage of about 7.2 million health professionals with proper skills.
- Slated technological advancements in healthcare - Owing to the healthcare and pharmaceutical sectors are increasing, credited to the surge in AI penetration along with the demand for more accurate diagnoses, this would surpass the demand for healthcare staffing such as miniaturized electronics, biocompatible materials, wireless communication protocols, advanced sensor technology, and many more. According to a report in 2022, more than 80% of medical practices and hospitals, already have or are planning to have some kind of AI technology in place.
- Increase in the geriatric population - Accredited to the healthcare support for health issues and needs, there is an increasing demand for healthcare, there is also a greater focus on providing more personalized and better care to elderly patients. According to a report by the Census in 2020, the U.S. population above the age of 65 years increased by more than 38% from 2010 to 2010 in 10 years.
Challenges
- Lack of skilled health workers - There is a lack of skilled workers in the healthcare staffing industry impelled by which several healthcare staffing firms are being turned down. Many healthcare staffing providers have started training programs for upskilling their work, but it would take ample time to take the lead.
- Lack of wages - There is a shortage in wages for several healthcare workers and medical assistants. According to the Bureau of Labor, nurses earn up to USD 43 per hour, while many medical assistants earn below USD 21, which according to the expected professional requirement does not equal fair compensation.
Healthcare Staffing Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.8% |
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Base Year Market Size (2024) |
USD 41.75 billion |
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Forecast Year Market Size (2037) |
USD 98.19 billion |
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Regional Scope |
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Healthcare Staffing Segmentation
Service Type (Travel Nurse Staffing, Allied Healthcare Staffing, Per Deim Nurse Staffing, Locum Tenens Staffing)
The travel nursing staffing segment is poised to hold over 31% healthcare staffing market share by the end of 2037 driven by the increasing demand for travel nurses globally. According to a report by AMN Healthcare survey in 2024, the usage of travel nurses increased by 35% in 2020, attributed to the gain in clinical experience in several settings, short-term assignments, travel opportunities, and flexible work hours.
In addition, there is a growth in healthcare costs and hospitals are expected to reduce their working staff, credited to which travel nurses are required whenever the workload is increased.
End-users (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings)
The hospital segment is estimated to gain a robust revenue globally in the end-user segment, owing to the increasing demand for the healthcare industry, the all-time availability of trauma centers, and the lucrative handling of traumatic injuries and several serious cases. Hospitals are well-equipped with advanced diagnostic facilities, including high-resolution computed tomography (CT) scanners and ultrasound machines. According to a report in 2022, more than 3.5 billion people which is almost half of the world’s population lacks the access to proper healthcare.
Additionally, hospitals will dominate this industry as they offer a multidisciplinary approach to healthcare staffing management. This collaborative environment allows for consultations with various specialists, including urologists, nephrologists, radiologists, and dietitians, ensuring a well-rounded and individualized approach to patient care.
Our in-depth analysis of the healthcare staffing market includes the following segments:
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Service Type |
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End-users |
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Customize this ReportHealthcare Staffing Industry - Regional Synopsis
North American Market Statistics
North America industry is estimated to hold largest revenue share of 49% by 2037. The landscape's substantial growth in the region is expected credited to the surge in the aging population.
Attributed to the growth in the geriatric population the demand for healthcare services in the United States is increasing. According to a report by the Census in 2023, the elder population has grown by 50.9 million, from 4.9 million (or 4.7% of the total U.S. population) in 1920 to 55.8 million (16.8%) in 2020.
In Canada there is an increasing demand for medical professionals, especially in temporary staffing. According to a report in 2022, the personal and temporary healthcare staffing would grow by about 15% with a size of more than USD 4 billion.
APAC Market Analysis
The Asia Pacific region will also encounter a huge influence on the healthcare staffing market demand during the forecast period with a size and will account for the second position attributed to the increasing population of this region. According to the UN-Habitat, it is predicted that the urban population in APAC is projected to increase by 50%.
The increase in demand for nurses and doctors for better medical services in China is expected to boost the demand for healthcare staffing. According to a report by the National Institutes of Health in 2021, there were about 2.62 physicians for per 1000 population in China.
There has been an increase in healthcare expenditures in Japan which will increase the market size expansion of the healthcare staffing sector. According to a report in 2023, there was about 2.2 times growth over the last 30 years in Japan from 1990 to 2015 in the healthcare expenditure in Japan.
Companies Dominating the Healthcare Staffing Landscape
- Vibra Healthcare
- AMN Healthcare
- CHG Management, Inc.
- Maxim Healthcare Group
- Cross Country Healthcare, Inc.
- Aya Healthcare
- Envision
- TeamHealth
- Axis Medical Staffing
- Acara Solutions India
The healthcare staffing market value is predicted that the top five companies would occupy about 21%. Most of these companies are continuously collaborating, expanding, making agreements, and joining ventures for the growth of this revenue share and are estimated to be the major key players in this landscape.
In the News
- Vibra Healthcare- announced their new business for helping with the healthcare staffing called Vibra Travels which is considered as a healthcare staffing business and travel nursing.
- AMN Healthcare- the acquired Connetics USA, which is a global allied staffing and nurse company, by this acquisition AMN would expand the allied staffing, and nursing, and would recruit several the business of AMN Healthcare.
Author Credits: Radhika Pawar
- Report ID: 6133
- Published Date: Nov 15, 2024
- Report Format: PDF, PPT
