HEALTHCARE STAFFING MARKET ANALYSIS

Healthcare Staffing MarketSize and Trends

The global healthcare staffing market was valued at US$ 36.89 Bn in 2022 and is forecast to reach a value of US$ 65.92 Bn by 2030 at a CAGR of 7.6% between 2023 and 2030. The global healthcare staffing market is experiencing strong growth due to the shortage of healthcare workers and growing burden of chronic disease around the world. Moreover, growing geriatric population and increasing number of healthcare facilities around the world is expected to augment the growth of the market. However, factors such as shortage of skilled health workers and stringent rules and regulations are expected to hamper the market growth.

Global Healthcare Staffing Market Trends:

The outbreak of COVID-19 is a recent trend

The demand for staffing services increased dramatically during the outbreak of COVID-19. The pandemic significantly increased the demand for per diem and travel nurses. According to a poll conducted by Avant Healthcare Professionals, around 90% of the medical facilities accepted using travel nurses for management of COVID-19 patients in 2020. Travel nurses are integral to creating adequate nurse-to-patient ratios, especially during the pandemic. This trend is expected to continue over the forecast period, driving the growth of the market.

Rise in demand for travel nurses is another trend

Traveling nurse is a skilled professional who is willing to take temporary nursing positions in areas that have a high need for nurses. Travel nurses help fill gaps in areas where there is a shortage of nurses. Travel nurses provide patients who need specialized treatment with life-sustaining support, such as ventilators and other equipment. Travel nurses work on short-term roles and/or temporary assignments at clinics, hospitals, and other healthcare organizations worldwide. Thus, there is an increasing demand for them. This trend is expected to continue over the forecast period.