The healthcare staffing market involves all the temporary or contract staffing services for healthcare professionals. It helps healthcare organizations to fulfill their short-term or long-term staffing needs. The market covers staffing services across various roles like physicians, nurses, allied healthcare professionals, healthcare IT professionals and executives. With growing geriatric population and increasing incidence of chronic diseases, the demand for quality healthcare services is on the rise globally. This has fueled the need for flexible staffing among healthcare providers which is a key factor driving the growth of the healthcare staffing market.
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 2031.
Key Takeaways
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. These key players are focusing on expanding their service offerings and global footprint to cater to the growing demand.
The Healthcare Staffing Market Growth is significantly with rapid expansion of healthcare facilities across major regions globally. Factors like increasing penetration of healthcare insurance, rising medical tourism and growing medical expenditures are driving this expansion. This growing infrastructure development is augmenting the need for contracted healthcare professionals.
Various countries around the world are also witnessing shortage of skilled healthcare workers. This has created opportunities for temporary or traveling healthcare professionals globally. Vendors are focusing on global expansion to tap the staffing needs in different regions and countries. Partnerships and acquisitions remain key strategies adopted by players to penetrate new geographic locations.
Market Drivers
The primary driver augmenting the growth of the healthcare staffing market is the increasing emphasis on reducing healthcare costs. Hiring temporary healthcare staffing helps healthcare providers to increase operational flexibility and optimize costs by hiring professionals on contractual basis instead of permanent roles. This assists in reducing the burden of high salaries and benefits. Rising need to provide quality care at affordable prices is a major factor boosting adoption of staffing services.
Get more insights on Healthcare Staffing Market