Healthcare Staffing Market Will Cross $43.6 Billion By 2025: Grand View Research, Inc.
The
global healthcare staffing market is expected to reach
USD 43.6 billion by 2025, according to a new report by Grand View Research,
Inc. Rising geriatric population has increased the demand for healthcare
services around the globe. However, there is a shortage of efficient nurses and
other healthcare professionals.
Shortage
of physicians in the coming years is likely to boost the demand for healthcare
staffing market in developed regions over the forecast period. For instance,
Association of American Medical Colleges had predicted in 2010 that the U.S. is
anticipated to face a shortage of 150,000 doctors over the next 10 to 15 years.
Furthermore, availability of skilled professionals at lower costs as and when
required is anticipated to propel the market growth in the coming years.
Furthermore,
in response to the pressure of costs, hospitals are forced to reduce their
staff and have implemented policies to ensure that nurses would be available
for work when the workload increases. The staffing market has sufficient
penetration and can easily provide staff during emergencies.
Flexible
schedules, short-term assignments, travel opportunities, and clinical
experience at various locations are some of the reasons owing to which
healthcare staff prefers to work as locum tenens or travel nurses. Thus,
increasing preference of staff to work temporary is anticipated to further
boost the market growth.
Browse full
research report on Healthcare Staffing Market: www.grandviewresearch.com/industry-analysis/healthcare-staffing-market
Further key
findings from the report suggest:
- Shortage of healthcare staff and rise in demand
of healthcare services are expected to propel market growth with a CAGR of
5.4% from 2017 to 2025
- The allied healthcare segment accounted for the
largest share of the market in 2016. It includes physical therapists,
medical technologists, occupational therapists, respiratory therapists,
pharmacists, and phlebotomists. This can be attributed to higher demand
and increase in geriatric population
- The locum tenens segment is expected to witness
the fastest growth during the forecast period. This can be attributed to
cost-effectiveness for employers and an increase in the number of
physicians choosing to work as locum tenens due to short-term assignments,
flexible schedules, and varied clinical experience
- Geographically, North America was the largest
market for healthcare staffing in 2016. Furthermore, it is anticipated to
maintain its dominance during the forecast period due to increase in
geriatric population, lack of skilled professionals as compared to demand,
and local presence of several market players.
- Asia Pacific is projected to witness the
fastest growth during the next decade due to increase in investments by
several market players, positive economic outlook, and increasing
awareness about contract staffing.
- Some of the key players are Envision Healthcare
Corporation; AMN Healthcare; CHG Management, Inc.; Maxim Healthcare
Services, Inc.; Cross Country Healthcare, Inc.; inVentiv Health; Almost
Family; TeamHealth; and Adecco Group.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare
Grand View Research has segmented the global healthcare staffing market
on the basis of service and region:
Service
Outlook (Revenue, USD Million, 2014 - 2025)
- Travel
Nurse
- Per Diem
Nurse
- Locum
Tenens
- Allied
Healthcare
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-healthcare-staffing-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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