The U.S healthcare staffing market primarily caters to nursing and home healthcare aides who assist patients with daily activities like cooking, cleaning and personal care. It involves staffing services for skilled healthcare workers like registered nurses, licensed practical nurses, medical technicians and assistants. Additionally, telehealth services have emerged as a new mode of delivery of healthcare amid social distancing during COVID-19. Telehealth involves real-time video conferencing between patients and healthcare providers through digital platforms.
The U.S healthcare staffing market is estimated to be valued at US$ 21.33 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand for telehealth services is expected to drive the U.S healthcare staffing market size during the forecast period. Telehealth services helped maintain continuity of care and minimized physical contact during the pandemic. They also addressed the need for consultations from the safety of homes. Furthermore, the increasing geriatric population in the U.S prone to chronic diseases and the ensuing demand for long-term care is another major driver of this market. As per the U.S census data, the population aged 65 years and above is expected to grow from 52 million in 2018 to 95 million by 2060. However, high costs associated with healthcare staffing pose a challenge to market growth.
Segment Analysis
The U.S. healthcare staffing market is dominated by allied health professionals which accounts for more than 40% market share. This segment includes healthcare professionals such as physical therapists, occupational therapists, medical scientists among others. The allied health professionals segment is dominating as there is huge demand for rehabilitation services and non-clinical healthcare services in the country.
PEST Analysis
Political: The Affordable Care Act has increased the insured population in the country and thus demand for healthcare professionals. Various laws have been passed to regulate staffing agencies and protect rights of temporary staff.
Economic: Growing geriatric population and lifestyle diseases has increased burden on healthcare system driving demand for staffing. High healthcare costs have increased focus on cost optimization through flexible staffing.
Social: Shortage of healthcare professionals and need for better work-life balance is driving preference for flexible staffing.
Technological advancements are supporting remote delivery of certain healthcare services also adding to staffing demand.
Key Takeaways
The U.S. healthcare staffing market is expected to witness high growth over the forecast period supported by increasing healthcare expenditure, investments and reforms in the country. The U.S healthcare staffing market is estimated to be valued at US$ 21.33 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
Regional analysis
The Western region dominates the U.S healthcare staffing market with over 35% share owing to presence of key industry players and higher healthcare infrastructure. States like California and Washington are growing steadily due to increasing focus on quality and affordable care.
Key players
Key players operating in the U.S. healthcare staffing market are Solvay SA, Nippon Chemical Industri and Sanofi. Solvay SA is a leading supplier of specialty chemicals and advanced materials headquartered in Brussels, Belgium. The company offers wide range of staffing solutions to hospitals and clinics across the country.
Key players operating in the U.S. healthcare staffing market are Solvay SA, Nippon Chemical Industri and Sanofi. Key players focus on leveraging digital technologies to improve staff deployment, quality and experience. Strategic collaborations with healthcare systems and agencies is a key focus.
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