U.S. HEALTHCARE STAFFING MARKET ANALYSIS

Market Challenges And Opportunities

U.S. Healthcare Staffing Market Drivers:

Shortage of healthcare staff to augment market growth

One of the key factors expected to augment the growth of the U.S. healthcare staffing market during the forecast period is the shortage of healthcare staff across the country. For instance, hospitals are currently facing shortages of registered nurses. According to the Association of American Medical Colleges (AAMC), there will be a shortage of around 21 to 55,200 primary care doctors by 2032. Moreover, the country will face a shortage of up to 124,000 physicians by 2034, including 48,000 primary care physicians, according to AAMC. This in turn is expected to propel the growth of the U.S. healthcare staffing market during the forecast period.

Rising prevalence of chronic disease to drive market growth

Another factor which is driving the growth of the U.S. healthcare staffing market is the increasing prevalence of chronic disease in the U.S. For instance, such a high burden of chronic diseases leads to an increase in number of surgical procedures, which in turn increase the demand for healthcare services or staffing. According to the Centers for Disease Control and Prevention (CDC), chronic diseases, such as heart disease, cancer, and diabetes, are the leading caU.S.es of death and disability in the United States. Moreover, 6 in 10 individuals in the U.S. live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes.

U.S. Healthcare Staffing Market Opportunities:

Rising number of healthcare facilities in the United States is expected to provide significant growth opportunities for players in the U.S. healthcare staffing market. For instance, in April 2021, the U.S. Department of Health and Human Services (HHS) announced US$ 1 Billion support for the health centers' construction and renovation projects from the American Rescue Plan. Federal Government also provide dedicated funding for the modernization of America’s hospital infrastructure. As per the American Hospital Association (AHA), currently, there are about 6,093 hospitals in the United States. This in turn is expected to drive growth of the market.

The outbreak of COVID-19 is expected to offer significant growth opportunities for players in the U.S. healthcare staffing market. For instance, 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, over 90% of the medical facilities accepted U.S.ing travel nurses for management of COVID-19 patients in 2020. Travel nurses are integral to creating adequate nurse-to-patient ratios, especially during periods of crisis like the outbreak of COVID-19 (pandemic).

U.S. Healthcare Staffing Market Restraints:

Stringent rules and regulations to hinder market growth

One of the key factors expected to hamper the growth of the U.S. healthcare staffing market is the stringent rules and regulations. New laws or regulations at both the state and the federal level may negatively affect healthcare facilities across the U.S. For instance, the National Nursing Shortage Reform and Patient Advocacy Act mandates maintaining minimum nurse-to-patient ratios for each unit of the healthcare facility or else they would face penalties for failing to maintain these legally defined ratios. This in turn is expected to hamper the market growth.

Rise in adoption of surgical robots to hamper market growth

Another factor which is hampering the growth of the U.S. healthcare staffing market is the rise in adoption of surgical robots or rise in number of robotic-assisted surgeries. Surgical robots enables doctors to perform complex surgeries with greater precision, flexibility, and control as compared to traditional techniques. According to the National Center for Biotechnology Information (NCBI), the U.S. has more robotic operations than any other country across the world. The country accounts for 65% of all DaVinci robotic devices installed and 73% of all robotic cases conducted worldwide. This in turn is expected to hamper the market growth.