The global Healthcare Staffing Market is made up of a variety of organizations that provide healthcare professionals such as physicians, nurses, allied health professionals, and non-clinical staff to healthcare providers on a temporary or long-term basis. Staffing agencies help fill open positions for hospitals, clinics, home health agencies, and other care facilities to ensure that patients receive quality care. The demand for healthcare staffing services continues to rise due to factors such as a shortage of skilled healthcare workers, an aging population requiring more care, and technological advancements that require extra support staff.
The global Healthcare Staffing Market is estimated to be valued at US$ 45.53 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The Healthcare Staffing Market is expected to witness several key trends over the forecast period such as increased use of telehealth services, higher demand for nurses, and greater focus on value-based care. Telehealth has enabled healthcare professionals to provide remote care during the pandemic and its use is likely to continue growing post-pandemic as well. With more Americans gaining health insurance through the Affordable Care Act, demand for nurses and allied health professionals is growing steadily to meet the increasing volume of patients. Additionally, healthcare reforms are shifting payment models from fee-for-service to value-based care where providers are reimbursed based on patient health outcomes. This has increased focus on preventive care and chronic disease management, further boosting demand for different types of healthcare staff.
Threat of new entrants: The Healthcare Staffing Market requires high capital investment, established networks and regulatory compliances which pose high entry barriers for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of several healthcare staffing vendors. However, buyers have to comply with regulatory policies.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of several substitutes and high dependence of vendors on qualified workforce.
Threat of new substitutes: There is low threat from new substitutes as healthcare staffing providers are well established and offer end to end customized solutions.
Competitive rivalry: Healthcare Staffing Market is competitive with presence of several large and small players. Players focus on expanding service offerings and geographic presence to gain market share.
Global Healthcare Staffing Market Size is expected to witness high growth. The market is growing due rapid increase in aging population, rising chronic diseases and shortage of healthcare professionals.
Regional analysis: North America dominates the global market due to advanced healthcare infrastructure and policies supporting staffing services in the region. Asia Pacific is expected to witness fastest growth supported by improving healthcare infrastructure, rising medical tourism and shortage of physicians in the region.
Key players operating in the Healthcare Staffing Market are UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., ProtoPak Engineering Corporation, EnviroPAK Corporation, Pacific Pulp Molding, LLC, Keiding, Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd. and Guangzhou NANYA Pulp Molding Equipment Co., Ltd.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it