Healthcare Staffing Market Growing At A CAGR Of 6.93% From 2023 To 2030
The global healthcare staffing market size was valued at USD 36.9 billion in 2022 and is projected to reach USD 62.8 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.93% from 2023 to 2030. Several key factors are driving this market growth, including increased awareness about the benefits of temporary employment, attractive job-related incentives, and widespread availability of employment opportunities across different geographic regions within the country.
Among the major growth contributors, technology continues to play a significant role in shaping healthcare employment trends. Advancements in medical technologies and devices have led to innovations such as telehealth and medical informatics, increasing the demand for a competent workforce capable of managing both technical and operational aspects. Additionally, temporary staffing solutions have gained prominence due to their flexibility and convenience. Opportunities such as per diem nursing, travel nursing, and locum tenens are being increasingly adopted by healthcare professionals. These roles allow practitioners, driven by a desire to serve and maintain work-life balance, to enjoy flexible working hours while gaining broader exposure to diverse healthcare systems across different locations.
From a segmental perspective, the travel nurse segment emerged as the top contributor in 2022, accounting for a revenue share of 31.3%. The expansion of this segment is primarily attributed to its fast-paced deployment process, cost-efficiency, and its role in addressing the ongoing shortage of nursing professionals. This upward trend is expected to persist throughout the forecast period.
Based on end-use categories, the market is segmented into hospitals, ambulatory facilities, clinics, and others. Among these, the hospital segment held the largest market share, contributing 42% of total revenue in 2022. This segment is anticipated to record the highest growth rate during the forecast period due to increasing patient admissions and higher demand for skilled healthcare staff in hospital environments.
Geographically, North America led the global healthcare staffing market in 2022, accounting for 58.0% of the total revenue share. This dominance is supported by the presence of leading market players, an aging population, and the financial limitations many healthcare providers face in hiring permanent staff. These factors collectively push hospitals and medical centers to increasingly adopt temporary staffing solutions.
On the other hand, the Asia Pacific region is expected to witness the fastest CAGR during the forecast period. The rising preference for contract-based employment, which provides flexibility without the legal or financial responsibilities tied to permanent hiring, is expected to drive growth in this region.
Meanwhile, Europe has been experiencing a persistent shortage of care professionals in recent years. The situation was further aggravated during the Omicron wave in 2021, which placed immense pressure on the healthcare infrastructure and highlighted the urgent need for scalable staffing solutions.
Editor Details
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Company:
- Grand View Research
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Name:
- Rahuk Nikade
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Telephone:
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Related Links
- Website: Healthcare Staffing Market