The global U.S. Healthcare Staffing Market is estimated to be valued at US$ 21.33 Bn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The U.S. healthcare staffing market involves providing skilled medical professionals on temporary or contractual basis to healthcare facilities which includes hospitals, nursing homes, assisted living facilities etc. It helps in addressing the lack of skilled nursing staff and supports healthcare facilities in managing high patient volume and workload.
Market key trends:
The key trend in the U.S. healthcare staffing market size is the growing prevalence of chronic diseases in the country. Chronic diseases are long lasting health conditions that require ongoing medical care and management. It includes heart disease, cancer, diabetes etc. According to Centers for Disease Control and Prevention(CDC), over half of all adults in the US suffer from at least one chronic disease. Treating patients with chronic diseases puts immense pressure on the existing healthcare staff. This is driving the demand for temporary or contract-based healthcare staff to handle the workload in healthcare facilities.
SWOT Analysis
Strength: The U.S. healthcare staffing market benefits from high demand for healthcare professionals due to shortage of skilled workers and growing geriatric population.
Weakness: The market faces challenges of healthcare professional attrition and high employee turnover.
Opportunity: Increase in healthcare spending and focus on value-based care presents an opportunity for growth in this market.
Threats: Stringent regulations and policies related to healthcare staffing can hamper market growth. Rising healthcare costs also pose threat to sustainability.
Key Takeaways
The global U.S. Healthcare Staffing Market is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing demand for skilled healthcare professionals.
Regional analysis: The Southern region dominates the U.S. healthcare staffing market with largest share owing to growing geriatric population, rising prevalence of chronic diseases, and increased healthcare expenditure in this region. States like California, Texas and Florida account for nearly 35% of market share.
Key players operating in the U.S. Healthcare Staffing market are Triage Staffing, Aya Healthcare, AMN Healthcare, Maxim Healthcare, and Cross Country Healthcare. Staffing firms focus on recruitment and placement of physicians, nurses, allied healthcare professionals, and non-clinical staff to provide services across care settings such as hospitals, long-term care, home care, and others.
Market Size: The U.S. healthcare staffing market size was valued at US$ 21.33 Bn in 2023 and is expected to reach US$ 28.57 Bn by 2030, expanding at a CAGR of 3.4% during the forecast period.
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