Industry Analysis
Per diem nurse staffing is a temporary professional nurse staffing solution in which skilled nurses are hired on a daily basis. This is done to address the shortage of working staff. In other words, per diem nurse staffing involves hiring nurses to meet last-minute demands from end users. Furthermore, nurses are well compensated for their efforts. Because hospital staff is such an important asset to any healthcare facility, the recruitment process must include a thorough examination of skilled and trained medical professionals. Data Bridge Market Research analyses that the per diem nurse staffing market which was USD 8.44 billion in 2022, is expected to reach USD 12.85 billion by 2030, at a CAGR of 5.4% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Per Diem Nurse Staffing Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analysed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Per Diem Nurse Staffing Market Dynamics
Drivers
- Growing demand for nurses
Approximately 194,500 registered nurses and tens of thousands of nurse practitioners are required annually during the next 10 years, according to figures published by Norwich University in 2021. The industry is anticipated to increase due to the growing demand for nurses. Per diem nursing also enables nurses to familiarise themselves with various locations before deciding on a full-time position if they are new to the area and unsure of which hospital to work at. Per diem nursing can also assist someone who faces scheduling difficulties due to problems with family, school, or other factors. Thus, during the forecast period, market growth is anticipated to be driven by the rising popularity of per diem nursing.
- Rising spread of infectious diseases
According to the Centers for Disease Control and Prevention (CDC), an estimated 959,000 people were hospitalized in the United States during the 2017-2018 influenza season. Similarly, the 2018-2019 flu season resulted in 69,000-84,000 hospitalizations in the United States. The spread of infectious diseases, particularly during flu season, is a significant factor in the sudden increase in the number of hospital admissions, necessitating the hiring of additional nursing staff.
Opportunities
- Rising per diem nurses staff
According to the American Hospital Association's Annual Hospital Survey, nearly 65% of nurses already work 12 or 13-hour shifts. Work schedule flexibility is an important consideration when choosing a profession. Per diem nurses have the freedom to work whenever they want. This provides them with location and shift flexibility, as well as work-life balance. They can choose to work on holidays and thus earn more money. Furthermore, they gain a lot of experience by working in different healthcare facilities in different wards and with different equipment. As a result of these factors, many nurses are willing to work under the per diem nursing system, fuelling market growth.
Restraints/Challenges
- Higher costs for remuneration of these nurses
A lack of research and development capabilities to improve healthcare facilities hamper the market growth. The market will face additional challenges due to a lack of medical experts and professionals, particularly in developing and underdeveloped economies. Higher costs for remuneration of these nurses and the availability of alternative staffing methods also slow market growth.
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Industry Segmentation and Size
The per diem nurse staffing market is segmented on the basis of service and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service
- Emergency Department
- Home Care Services
End Users
- Hospitals
- Clinics
- Nursing Homes
- Others
Market Country Level Analysis
· The countries covered in the per diem nurse staffing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
Some of the major players operating in the per diem nurse staffing market are:
- Adecco Group (Switzerland)
- AMN Healthcare (U.S.)
- CHG Management, Inc. (U.S.)
- Cross Country Healthcare Inc. (U.S.)
- Syneos Health (U.S.)
- Maxim Healthcare Services (U.S.)
- TeamHealth (U.S.)
- Jackson Healthcare (U.S.)
- Aureus Medical Group (U.S.)
- Aya Healthcare (U.S.)
- InGenesis, Inc. (U.S.)
- CIVCO Medical Solutions (U.S.)
- Envision Physician Services (U.S.)
- MedPro Healthcare Staffing (U.S.)
- The Protocall Group (U.S.)
Per Diem Nurse Staffing Market Report Answers the Following Questions:
- What is the current size of the Per Diem Nurse Staffing Market?
- What are the key drivers and challenges for the Per Diem Nurse Staffing Market?
- What are the different types of Per Diem Nurse Staffing Market?
- What are the leading companies operating in the Per Diem Nurse Staffing Market?
- What is the future outlook for the Per Diem Nurse Staffing Market?
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