WESTERN EUROPE MEDICAL RECRUITMENT MARKET ANALYSIS

Medical recruiting offers recruiting services for the healthcare industry. It offers services in recruitment of hospital doctors, general practitioner, dentists, nurses, physiotherapists and other specialists.

Western Europe medical recruitment market is estimated to be valued at US$ 16,598.2 million in 2021 and is expected to exhibit a CAGR of 3.6% over the forecast period (2021-2028).

Recent Developments:

Companies operating in the market are collaborating with international healthcare organizations which will increase the recruitment services for supporting mass scale endeavors such as vaccination programme. For instance, in December 2020, Medacs Healthcare entered in partnership with Buckinghamshire, Oxfordshire and Oxford Health NHS Foundation Trust; for assisting in building a workforce for the National Vaccination Programme. The contract was launch in early 2021 for recruiting support staff and experienced healthcare professionals.

In addition, companies are assisting biotechnology companies for building a team of experienced healthcare professionals, which will contribute in the market growth of Western Europe medical recruitment market. For instance, in August 2021, a Massachusetts based clinical-stage Biotechnology Company partnered with Proclinical for recruiting individuals with technical expertise for supporting in their research and development activities.

Moreover, the increasing shortage of health professionals in Europe region is likely to boost the growth of Western Europe medical recruitment market. Companies are receiving funding for improving their recruitment services. For instance, in May 2020, Medwing, a German startup secured a funding of US$ 30 million from Cathay Innovation, a Global venture capital firm for providing permanent and non-permanent positions for healthcare professionals.  

UK held dominant position in the Western Europe medical recruitment market in 2020, accounting for 36.4% share in terms of volume, followed by Germany and France, respectively. The favorable government initiatives in UK can be attributed to its dominant position in the Western Europe medical recruitment market. For instance, in February 2021, UK Government announced change international recruitment practices which will facilitate to recruit around 50,000 additional nurses and an extra 50 million GP appointments by the year 2024.

Figure 1. Western Europe Medical Recruitment Market Value (US$ Mn), by Country, 2020

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Western Europe Medical Recruitment Market: Drivers

Growth in pharmaceutical sector is expected to propel growth of the Western Europe medical recruitment market over the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.) in 2018.

Moreover, increasing prevalence of chronic disorders is also expected to aid in growth of the market. For instance, according to Diabetes UK, over five million people will suffer from diabetes in the U.K. by 2025.

Western Europe Medical Recruitment Market: Opportunities

Large scale pharmaceutical companies are setting up new facilities in European region which creates new opportunities for the growth of Western Europe medical recruitment market. For instance, in February 2020, Sanofi planned to create active pharmaceutical ingredients (API) facilities in Germany, UK and France. Hence, the emergence of new pharmaceutical facilities will create recruitment opportunities in the region.

Market Trends

Increasing R&D expenditure is expected to propel growth of the Western Europe medical recruitment market. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe invested US$ 19, 509 million in 2000, which increased to US$ 39,895 million (est.) in 2018.

Moreover, increasing employment is also expected to propel growth of the Western Europe medical recruitment market over the forecast period. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the number of R&D employment in the pharmaceutical sector in Europe increased from 554,186 units in 2000 to 765, 000 units (est.) in 2018.

Figure 2. Global Western Europe Medical Recruitment Market Share, By Candidature, 2020

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Key Takeaways of the Graph:

• Among candidature segment, the healthcare professionals held dominant position in the market and accounted for 45.7% share in Western Europe medical recruitment market in 2020. The segment is expected to reach US$ 10,017.3 million in 2028.
• The growth in healthcare professionals segments can be attributed to increasing requirement of healthcare professionals for COVID-19 duty.

Western Europe Medical Recruitment Market: Restraints

Extremely competitive healthcare education system may lead to low number of students opting for medical education, which may hinder growth of the market.

Moreover, longer medical curriculum may also limit growth of the market. For instance, in Germany, the medical curriculum consists of 2 major parts: the 2-year preclinical segment and the 4-year clinical segment.

Western Europe Medical Recruitment Market: Competitive Landscape

Major players operating in the Western Europe medical recruitment market include, Medacs Healthcare, Euromotion Medical, CPL Healthcare Limited, ProClinical Limited, TFS Healthcare, EGV Recruiting, and CCM Recruitment.

Western Europe Medical Recruitment Market: Key Developments

Major players in the market are focused on adopting CSR strategies. For instance, in May 2020, Medacas Healthcare announced the continuation of its work with Cavell Nurses’ Trust, a U.K.-based charity supporting nursing professionals suffering from professional and financial hardship. 

Major players in the market are also focused on expanding their geographical presence. For instance, in March 2020, ProClinical Limited launched its new office at Chesterford Research Park, England.

Major players in the market are focused on acquiring contracts to enhance their market share. For instance, in October 2019, Medacas Healthcare received new nursing managed service contract from Lancashire Teaching Hospitals, U.K.