The North America healthcare staffing market is expected to reach US$ 31,101.94 million by 2028 from US$ 20,918.23 million in 2021; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.
Factors such as government initiatives to promote and develop recruitment solutions in healthcare and the rise in demand for physician extenders are driving the market. However, concerns regarding the shortage of medical professionals such as nurses are likely to hamper the market's growth during the forecast period.
Healthcare staffing is now on the radar of government agencies. Governments of developing countries are making significant investments to modernize health care infrastructure in their respective countries, which is likely to increase access to health care. This is expected to increase the demand for health care staffing. For example, a bill was drafted by the Indian Government to regulate allied health care services. It will help set standards for hiring health care professionals and enhance their education and practices. Government initiatives like these are expected to drive the health care staffing market forward.
While the introduction of legislation such as The Resident Physician Shortage Act of 2021 aims to provide a solution to the physician shortage by addressing funding issues within medical education, other government attempts are explicitly directed toward extenders. In 2021, the Centers for Medicare and Medicaid Services executed a rule that permanently authorized PAs to receive direct payment from the Medicare program. This move was especially significant as it eliminated the payment barriers that hindered PAs from providing coverage in federally designated health professional shortage areas, most of which are rural.
According to a Staff Care report based on its 2019 survey of healthcare facility managers, a huge increase in the percentage of healthcare facilities seeking locum tenens physicians reflects both the physician shortage in the US and the growing turnover among employed doctors. Facilities will increasingly be turning to a locum tenens workforce for support on many levels, from surgical procedures to ER staffing needs.
The demand for pulmonologists, cardiologists, oncologists, psychiatrists, and higher acuity specialties is presently increasing. It is projected that the demand for locum tenens physicians specializing in these areas of medicine will continue to rise. As hospitals continue to support patients' needs, locum tenens physicians will be needed to supplement staffing in order to reduce physician burnout while maintaining large patient caseloads. With facilities increasingly experiencing a surge in patients with various medical conditions, an ever-growing need for locum tenens providers to fill in staffing gaps has developed to ensure that patient care goes uncompromised. To address significant patient volume levels, healthcare facilities of all types have invested in locum tenens physicians and advanced practice providers to support full-time staff in treating patients, both in person and through telehealth.
Moreover, locum tenens employment enables facilities to cut back on excessive spending associated with hiring, onboarding, and training new providers. With the assistance of a locum tenens staffing firm like MPLT Healthcare, facilities can quickly find qualified locum tenens candidates on an as-needed basis. With the healthcare field evolving rapidly, locum tenens providers continue to play an instrumental role in combatting staffing shortages and maintaining patient levels .
North America Healthcare Staffing Market Revenue and Forecast to 2028 (US$ Million)
NORTH AMERICA HEALTHCARE STAFFING MARKET SEGMENTATION
Based on service type, the North America healthcare staffing market is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing, and allied healthcare staffing. In terms of end user, the North America healthcare staffing market is segmented into hospitals and clinics, pharma, clients, and government agencies. Geographically, the North America healthcare staffing market is divided into the US, Canada, and Mexico.
Adecco Group, AMN Healthcare, Aya Healthcare, CHG Healthcare Services, Cross Country Healthcare, Envision Healthcare Corp. (KKR & Co. Inc.), Favorite Healthcare Staffing Inc., Jackson Healthcare, Maxim Healthcare Services, and Medical Solutions are among the leading companies operating in the North America healthcare staffing market.
The List of Companies - North America Healthcare Staffing Market
● Adecco Group
● AMN Healthcare
● Aya Healthcare
● CHG Healthcare Services
● Cross Country Healthcare
● Envision Healthcare Corp. (KKR & Co. Inc.)
● Favorite Healthcare Staffing Inc.
● Jackson Healthcare
● Maxim Healthcare Services
● Medical Solutions
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Healthcare Staffing Market – By Service Type
1.3.2 North America Healthcare Staffing Market – By End-User
1.3.3 North America Healthcare Staffing Market – By Country
2. North America Healthcare Staffing Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Healthcare Staffing Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Experts Opinion
5. Healthcare Staffing Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Significant Increase in the Number of Government Initiatives
5.1.2 Increasing Demand of Physician Extenders
5.2 Market Restraints
5.2.1 Impact of Nurse Shortage
5.3 Market Opportunities
5.3.1 Increasing Demand of Locum Tenens
5.4 Future Trends
5.4.1 Digital Transformation
5.5 Impact Analysis
6. Healthcare Staffing Market –North America Analysis
6.1 North America Healthcare Staffing Market Revenue Forecast and Analysis
7. Healthcare Staffing Market Analysis and Forecasts to 2028 – Service Type
7.1 Overview
7.2 Healthcare Staffing Market Share by Service Type 2021 & 2028 (%)
7.3 Travel Nurse Staffing
7.3.1 Overview
7.3.2 Travel Nurse Staffing Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Per Diem Nurse Staffing
7.4.1 Overview
7.4.2 Per Diem Nurse Staffing Market Revenue and Forecast to 2028 (US$ Mn)
7.5 Locum Tenens Staffing
7.5.1 Overview
7.5.2 Locum Tenens Staffing Market Revenue and Forecast to 2028 (US$ Mn)
7.6 Allied Healthcare Staffing
7.6.1 Overview
7.6.2 Allied Healthcare Staffing Market Revenue and Forecast to 2028 (US$ Mn)
8. Healthcare Staffing Market Analysis and Forecasts To 2028 – End-User
8.1 Overview
8.2 Healthcare Staffing Market Share by End-User 2021 & 2028 (%)
8.3 Hospitals and Clinics
8.3.1 Overview
8.3.2 Hospitals and Clinics Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharma
8.4.1 Overview
8.4.2 Pharma Market Revenue and Forecast to 2028 (US$ Mn)
8.5 Clients
8.5.1 Overview
8.5.2 Client Market Revenue and Forecast to 2028 (US$ Mn))
8.6 Government Agencies
8.6.1 Overview
8.6.2 Government Agencies Market Revenue and Forecast to 2028 (US$ Mn)
9. North America Healthcare Staffing Market – Country Analysis
9.1 North America: Healthcare Staffing Market
9.1.1 Overview
9.1.2 North America: Healthcare Staffing Market - Revenue and Forecast to 2028 (USD Million)
9.1.3 North America Healthcare Staffing Market , by Country – Revenue and Forecast to 2028 (USD Million)
9.1.4 North America Healthcare Staffing Market , by Service Type – Revenue and Forecast to 2028 (USD Million)
9.1.5 North America Healthcare Staffing Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.6 North America: Healthcare Staffing Market, by Country, 2021 & 2028 (%)
9.1.6.1 US: Healthcare Staffing Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1.1 US: Healthcare Staffing Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1.2 US Healthcare Staffing Market, by Service Type – Revenue and Forecast to 2028 (USD Million)
9.1.6.1.3 US Healthcare Staffing Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 Canada: Healthcare Staffing Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2.1 Canada: Healthcare Staffing Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2.2 Canada Healthcare Staffing Market, by Service Type – Revenue and Forecast to 2028 (USD Million)
9.1.6.2.3 Canada Healthcare Staffing Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.1.6.3 Mexico: Healthcare Staffing Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.3.1 Mexico: Healthcare Staffing Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.3.2 Mexico Healthcare Staffing Market, by Service Type – Revenue and Forecast to 2028 (USD Million)
9.1.6.3.3 Mexico Healthcare Staffing Market, by End User – Revenue and Forecast to 2028 (USD Million)
10. Healthcare Staffing Market–Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 Adecco Group
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Envision Healthcare Corp. (KKR & Co. Inc.)
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 AMN Healthcare
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 CHG Healthcare Services
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Jackson Healthcare
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Cross Country Healthcare
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Medical Solutions
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Maxim Healthcare Services
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Favorite Healthcare Staffing Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Aya Healthcare
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
