Healthcare Staffing Market (By Service Type: Travel Nurse, Locum Tenens, Per Diem Nurse, Allied Healthcare) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027


In 2019, the global healthcare staffing market size was accounted for US$ 30.3 billion and is expected to exhibit at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.

The global healthcare staffing market size is projected to reach over US$ 48.3 billion by 2027.


Healthcare Staffing Market Size 2016-2027

The substantial growth of the geriatric population is a major factor to drive the healthcare staffing market growth. In addition, rising awareness about benefits offered by job related perks, and temporary staffing is another factor expected to further boost the market growth over the forecast period. Healthcare firms are coming across the different challenges such as meet high turnover rates and increasing patient satisfaction rates. Approach for searching competent staff is developing to address the requirements of a new generation of nurses. Further, restructuring the hiring method from the time of application to recognition, to on-boarding is vital in this competitive environment. Though some of the organizations have figured out few short-term fix for dealing different compliance demands, most of the firms still find shortage of long-term resolutions that may scale with business. A centralized repository comprising credential data, plus availability and reflectiveness into expiration dates and credential statuses are critical for long-standing success. As financial margins constrict, technology resolutions are being expected to advance diagnostic approach, progress connectivity, communication and streamline workflows. Nursing professionals are confronted with remaining on topmost of the modern technologies at the same time upholding their place as the face of patient care.

In recent years, the healthcare industry is facing challenges including a lack of skilled practitioners across the globe. According to the World Health Organization (WHO), there was a shortage of around 7.2 million healthcare staff globally, in 2013 and is expected to reach 12.9 million by the end of 2035. The survey conducted by Avant Healthcare Professionals reported that in the U.S. around 50% of hospitals reported temporary hiring if nurses, as more than 60% of the hospitals were expected nurses’ retirement in 2019. The shortage registered for nurses is expected to open new opportunities for market growth in the near future.

Due to the rapid spreading of COVID-19, hospitals are becoming overwhelmed in various countries including China, U.S., Italy, and India. These countries are facing severe nursing shortages which may have an adverse effect on patient’s health during the outbreak of COVID-19. The Bureau of Labor Statistics’ reported that registered nursing staff is expected to grow around 3.4 million, in 2019 which is increased by 15% from 2016. Factors such as an increase in patients infected with the coronavirus and a rise in nurse retirements are majorly responsible for the nursing shortage. In several nations, frontline staff in the hospitals have been infected and placed into quarantine. Therefore, hospital leaders are taking several important initiatives to overcome this shortage which is expected to propel the market growth.

Service Insights

Based on services, the healthcare services market is classified into locum tenens, travel nurse, per diem nurse, and allied healthcare. The travel nurse segment accounted for the largest market share, in 2019. Due to growing healthcare costs, hospitals are enforced to reduce their working staff, wherein travel nurses play an important role in available when workload increased.

On the other hand, the locum tenens service segment is projected to exhibit with the fastest CAGR from 2019 to 2027. Several benefits such as cost efficiency and high preference of physicians to work as locum tenens are anticipated to augment the segment growth in the next few years.

Global Healthcare Staffing Market 2020-2027

Regional Insights

In 2019, North America held the largest market share in terms of revenue. This high revenue market share is attributed to the large presence of market players, the growing geriatric population, and the lack of skilled professionals. Moreover, market players are implementing marketing strategies such as merger & acquisition, collaborations in order to sustain in a competitive market. For example, in 2016, Medical Staffing, a travel nurse staffing services provider acquired by Advance Medical to strengthen its foothold in hospital management and expand its nursing division.

Asia Pacific is estimated to register the highest growth during the forecast period on account of increasing demand for contract staffing. In addition, contract staffing comprises no liabilities which are generally associated with permanent staffing. The afore-mentioned factors are gaining traction in developing countries, thereby expected to fuel the regional market growth in the forthcoming years

Key Companies & Market Share Insights

The key market players are implementing some marketing strategies such as partnerships, mergers, and acquisitions in order to expand their service portfolio and geographical presence. For example, in 2018, TeamHealth announced the acquisition of an emergency medical staff provider, Emergency Medicine Consultants (EMC). This acquisition will help the former to add 330 physicians and 80 advanced practice clinicians.

Growing a large number of healthcare staff providers and the rising influence of newly established service providers through mergers and acquisitions are projected to propel the market growth in the next few years. For example, in 2017, Novation Companies, Inc. acquired a provider of healthcare Healthcare Staffing, Inc. (HCS). This acquisition is expected to help Novation Companies, Inc. to expand its geographical reach and service portfolio.

Some of the prominent players in the healthcare staffing market include:

  • CHG Management, Inc.
  • AMN Healthcare
  • Almost Family
  • Envision Healthcare Corporation
  • inVentiv Health
  • TeamHealth
  • Maxim Healthcare Services, Inc.
  • Cross Country Healthcare, Inc.

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2016 to 2027. This research study analyzes market thoroughly by classifying global healthcare staffing market report on the basis of different parameters including service type and region as follows:

By Service Type

  • Travel Nurse Staffing
  • Per Diem Nurse Staffing
  • Locum Tenens Staffing
  • Allied Healthcare Staffing

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
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Frequently Asked Questions

What is healthcare staffing?
Healthcare staffing is referred to as a firm, services person, partnerships, corporations, and other business entities that is engaged in offering nursing personnel to healthcare agencies or to an individual in order to render temporary nursing services.
The substantial growth of the geriatric population is a major factor to drive the healthcare staffing market growth. In addition, rising awareness about benefits offered by job related perks, and temporary staffing is another factor expected to further boost the market growth over the forecast period.
The substantial growth of the geriatric population is a major factor to drive the healthcare staffing market growth.
In 2019, the global healthcare staffing market size was accounted for US$ 30.3 billion.
The global healthcare staffing market is expected to exhibit at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.
In 2019, North America held the largest market share in terms of revenue.
Asia Pacific is expected to grow with the fastest CAGR from 2019 to 2027. This growth is attributed to rising demand for contract staffing, and growing investments by market players along with promising economic outlook.

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