Healthcare Staffing Market Size, Share, Growth, Industry Trends and Forecast Analysis Reportby Susan Hill Business Consultant
The global healthcare staffing market size is likely to reach USD 44.65 billion by 2025, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 6.0% during the forecast period. Rising geriatric population is stirring up the demand for healthcare services around the globe. However, there is a shortage of efficient nurses and other healthcare professionals.
Shortage of physicians in developed regions is expected to bolster the growth of the healthcare staffing market. For instance, the Association of American Medical Colleges had predicted in 2010 that the U.S. is estimated to face a shortage of 150,000 doctors over the next 10 to 15 years. Furthermore, availability of skilled professionals at lower costs as and when required is anticipated to propel the market in the coming years.
Also, in response to pressure of costs, hospitals are forced to reduce their staff and have implemented policies to ensure that nurses would be available for work when workload increases. The healthcare staffing market has significant penetration and can easily provide staff during emergencies.
Further key findings from the study suggest:
- The allied
healthcare segment accounted for the largest revenue share in the market
in 2018. It includes physical therapists, medical technologists,
occupational therapists, respiratory therapists, pharmacists, and
- The locum
tenens segment is projected to witness the fastest growth during the
forecast period. This can be attributed to cost-effectiveness for
employers and increase in the number of physicians choosing to work as
- North America
will lead the market through 2025 due to increasing geriatric population,
lack of skilled professionals as compared to demand, and local presence of
several market players
- Asia Pacific is
likely to experience the fastest growth during the next decade due to
increasing investments by several market players, positive economic
outlook, and rising awareness about contract staffing
- Some of the key players are Envision Healthcare Corporation; AMN Healthcare; CHG Management, Inc.; Maxim Healthcare Services, Inc.; Cross Country Healthcare, Inc.; inVentiv Health; Almost Family; TeamHealth; and Adecco Group.
research report on global healthcare staffing market:
Created on Sep 27th 2019 00:02. Viewed 150 times.