Global Healthcare Staffing Market: Size, Trends & Forecast with Impact of COVID-19 (2021-2025)
Scope of the Report
The report titled “Global Healthcare Staffing Market: Size, Trends & Forecast with Impact of COVID-19 (2021-2025)”, provides an in-depth analysis of the global healthcare staffing market by value, by service type, by region, etc. The report provides a regional analysis of the healthcare staffing market, including the following regions: North America (the US, and the Rest of North America), Europe, Asia Pacific, and the Rest of the World. The report also provides a detailed analysis of the COVID-19 impact on the healthcare staffing market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global healthcare staffing market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
The global healthcare staffing market is fragmented with many major players. The key players of the global healthcare staffing market are AMN Healthcare Services, Inc., Cross Country Healthcare, Inc., CHG Healthcare Services, and Jackson Healthcare Co. are also profiled with their financial information and respective business strategies.
Company Coverage
The outsourcing of healthcare employees from third-party contractors to healthcare units is known as healthcare staffing. Healthcare staffing aids in the recruitment of competent and qualified healthcare workers. It also connects users with a wide group of specialists who can help to find different tactics and clinical knowledge. This, in turn, enhances patient satisfaction by providing appropriate staffing, ensures clinician quality, and improves hospital consumer evaluations of healthcare practitioners and systems, among other benefits.
The global healthcare staffing market can be segmented based on service type (Travel Nurse, Per Diem Nursing, Locums Tenens, and Allied); and application (Hospitals, Pharma, Clients, and Government Agencies).
The pandemic of COVID-19 wreaked havoc on the healthcare staffing industry at the beginning of the year 2020. High turnover rates and nurse and physician burnout are two well-known consequences. Patients' health is being harmed by a chronic scarcity of nurses and healthcare professionals in hospitals. Healthcare staffing has been more volatile than other employment sectors during the pandemic, which has tended to follow more traditional 'cyclical' trends - decreasing at the start of the pandemic when lockdowns were widespread and rising as the economy improved. Hospital executives are adopting a number of crucial steps to address the labor shortfall, which is projected to fuel the healthcare staffing market growth.
The global healthcare staffing market has increased significantly during the years 2019-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The global healthcare staffing market is expected to increase due to the rising prevalence of chronic diseases, aging population, rising health spending, increasing temporary staffing, etc. Yet the market faces some challenges such as talent shortage, manual vendor management system processes, stringent regulations, etc.
The report titled “Global Healthcare Staffing Market: Size, Trends & Forecast with Impact of COVID-19 (2021-2025)”, provides an in-depth analysis of the global healthcare staffing market by value, by service type, by region, etc. The report provides a regional analysis of the healthcare staffing market, including the following regions: North America (the US, and the Rest of North America), Europe, Asia Pacific, and the Rest of the World. The report also provides a detailed analysis of the COVID-19 impact on the healthcare staffing market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global healthcare staffing market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
The global healthcare staffing market is fragmented with many major players. The key players of the global healthcare staffing market are AMN Healthcare Services, Inc., Cross Country Healthcare, Inc., CHG Healthcare Services, and Jackson Healthcare Co. are also profiled with their financial information and respective business strategies.
Company Coverage
- AMN Healthcare Services, Inc.
- Cross Country Healthcare, Inc.
- CHG Healthcare Services
- Jackson Healthcare Co.
- North America
- Europe
- Asia Pacific
- Rest of the World
The outsourcing of healthcare employees from third-party contractors to healthcare units is known as healthcare staffing. Healthcare staffing aids in the recruitment of competent and qualified healthcare workers. It also connects users with a wide group of specialists who can help to find different tactics and clinical knowledge. This, in turn, enhances patient satisfaction by providing appropriate staffing, ensures clinician quality, and improves hospital consumer evaluations of healthcare practitioners and systems, among other benefits.
The global healthcare staffing market can be segmented based on service type (Travel Nurse, Per Diem Nursing, Locums Tenens, and Allied); and application (Hospitals, Pharma, Clients, and Government Agencies).
The pandemic of COVID-19 wreaked havoc on the healthcare staffing industry at the beginning of the year 2020. High turnover rates and nurse and physician burnout are two well-known consequences. Patients' health is being harmed by a chronic scarcity of nurses and healthcare professionals in hospitals. Healthcare staffing has been more volatile than other employment sectors during the pandemic, which has tended to follow more traditional 'cyclical' trends - decreasing at the start of the pandemic when lockdowns were widespread and rising as the economy improved. Hospital executives are adopting a number of crucial steps to address the labor shortfall, which is projected to fuel the healthcare staffing market growth.
The global healthcare staffing market has increased significantly during the years 2019-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The global healthcare staffing market is expected to increase due to the rising prevalence of chronic diseases, aging population, rising health spending, increasing temporary staffing, etc. Yet the market faces some challenges such as talent shortage, manual vendor management system processes, stringent regulations, etc.
1. EXECUTIVE SUMMARY
2. INTRODUCTION
2.1 Healthcare Staffing: An Overview
2.1.1 Introduction to Healthcare Staffing
2.1.2 Pros and Cons of Healthcare Staffing Agencies
2.1.3 Healthcare Staffing Recruitment Process
2.2 Healthcare Staffing Segmentation: An Overview
2.2.1 Healthcare Staffing Segmentation by Service Type
2.2.2 Healthcare Staffing Segmentation by Application
3. GLOBAL MARKET ANALYSIS
3.1 Global Healthcare Staffing Market: An Analysis
3.1.1 Global Healthcare Staffing Market by Value
3.1.2 Global Healthcare Staffing Market by Service Type (Allied, Per Diem, Travel Nursing, and Locums Tenens)
3.1.3 Global Healthcare Staffing Market by Region (North America, Europe, Asia-Pacific, and Rest of the World)
3.2 Global Healthcare Staffing Market: Service Type Analysis
3.2.1 Global Allied Healthcare Staffing Market by Value
3.2.2 Global Per Diem Healthcare Staffing Market by Value
3.2.3 Global Travel Nursing Healthcare Staffing Market by Value
3.2.4 Global Locums Tenens Healthcare Staffing Market by Value
4. REGIONAL MARKET ANALYSIS
4.1 North America Healthcare Staffing Market: An Analysis
4.1.1 North America Healthcare Staffing Market by Value
4.1.2 North America Healthcare Staffing Market by Region (The US and Rest of the North America)
4.1.3 The US Healthcare Staffing Market by Value
4.1.4 The US Healthcare Staffing Market by Service Type (Travel Nurses, Allied, Per Diem, and Locums Tenens)
4.1.5 The US Travel Nurses Healthcare Staffing Market by Value
4.1.6 The US Allied Healthcare Staffing Market by Value
4.1.7 The US Per Diem Healthcare Staffing Market by Value
4.1.8 The US Locums Tenens Healthcare Staffing Market by Value
4.1.9 Rest of the North America Healthcare Staffing Market by Value
4.2 Europe Healthcare Staffing Market: An Analysis
4.2.1 Europe Healthcare Staffing Market by Value
4.3 Asia-Pacific Healthcare Staffing Market: An Analysis
4.3.1 Asia Pacific Healthcare Staffing Market by Value
4.4 Rest of the World Healthcare Staffing Market: An Analysis
4.4.1 Rest of the World Healthcare Staffing Market by Value
5. IMPACT OF COVID-19
5.1 Impact of COVID-19 on Healthcare Staffing
5.2 Drop in the Employment Level
5.3 Change in Healthcare Spending
5.4 Post COVID-19 Impact on Healthcare Staffing
6. MARKET DYNAMICS
6.1 Growth Drivers
6.1.1 Aging Population
6.1.2 Increasing Prevalence of Chronic Diseases
6.1.3 Rise in Health Spending
6.1.4 Rising Age of Healthcare Professionals
6.1.5 Increasing Trend of Temporary Staffing
6.1.6 Lucrative Benefits
6.2 Challenges
6.2.1 Talent Shortage
6.2.2 Manual Vendor Management System (VMS) Processes
6.2.3 Stringent Regulations
6.3 Market Trends
6.3.1 Virtual and Remote Recruiting
6.3.2 Rising Use of Automation
6.3.3 Technological Advances
6.3.4 Rising Role of MSP in Healthcare Staffing
7. COMPETITIVE LANDSCAPE
7.1 Global Healthcare Staffing Market Players: A Financial Comparison
7.2 Global Travel Nurses Staffing Market Players by Revenue
7.3 Global Per Diem Staffing Market Players by Revenue
7.4 Global Allied Healthcare Staffing Market Players by Revenue
7.5 Global Locums Tenens Staffing Market Players by Revenue
8. COMPANY PROFILES
8.1 AMN Healthcare Services Inc.
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 Cross Country Healthcare, Inc.
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 CHG Healthcare Services
8.3.1 Business Overview
8.3.2 Business Strategies
8.4 Jackson Healthcare Co.
8.4.1 Business Overview
8.4.2 Business Strategies
2. INTRODUCTION
2.1 Healthcare Staffing: An Overview
2.1.1 Introduction to Healthcare Staffing
2.1.2 Pros and Cons of Healthcare Staffing Agencies
2.1.3 Healthcare Staffing Recruitment Process
2.2 Healthcare Staffing Segmentation: An Overview
2.2.1 Healthcare Staffing Segmentation by Service Type
2.2.2 Healthcare Staffing Segmentation by Application
3. GLOBAL MARKET ANALYSIS
3.1 Global Healthcare Staffing Market: An Analysis
3.1.1 Global Healthcare Staffing Market by Value
3.1.2 Global Healthcare Staffing Market by Service Type (Allied, Per Diem, Travel Nursing, and Locums Tenens)
3.1.3 Global Healthcare Staffing Market by Region (North America, Europe, Asia-Pacific, and Rest of the World)
3.2 Global Healthcare Staffing Market: Service Type Analysis
3.2.1 Global Allied Healthcare Staffing Market by Value
3.2.2 Global Per Diem Healthcare Staffing Market by Value
3.2.3 Global Travel Nursing Healthcare Staffing Market by Value
3.2.4 Global Locums Tenens Healthcare Staffing Market by Value
4. REGIONAL MARKET ANALYSIS
4.1 North America Healthcare Staffing Market: An Analysis
4.1.1 North America Healthcare Staffing Market by Value
4.1.2 North America Healthcare Staffing Market by Region (The US and Rest of the North America)
4.1.3 The US Healthcare Staffing Market by Value
4.1.4 The US Healthcare Staffing Market by Service Type (Travel Nurses, Allied, Per Diem, and Locums Tenens)
4.1.5 The US Travel Nurses Healthcare Staffing Market by Value
4.1.6 The US Allied Healthcare Staffing Market by Value
4.1.7 The US Per Diem Healthcare Staffing Market by Value
4.1.8 The US Locums Tenens Healthcare Staffing Market by Value
4.1.9 Rest of the North America Healthcare Staffing Market by Value
4.2 Europe Healthcare Staffing Market: An Analysis
4.2.1 Europe Healthcare Staffing Market by Value
4.3 Asia-Pacific Healthcare Staffing Market: An Analysis
4.3.1 Asia Pacific Healthcare Staffing Market by Value
4.4 Rest of the World Healthcare Staffing Market: An Analysis
4.4.1 Rest of the World Healthcare Staffing Market by Value
5. IMPACT OF COVID-19
5.1 Impact of COVID-19 on Healthcare Staffing
5.2 Drop in the Employment Level
5.3 Change in Healthcare Spending
5.4 Post COVID-19 Impact on Healthcare Staffing
6. MARKET DYNAMICS
6.1 Growth Drivers
6.1.1 Aging Population
6.1.2 Increasing Prevalence of Chronic Diseases
6.1.3 Rise in Health Spending
6.1.4 Rising Age of Healthcare Professionals
6.1.5 Increasing Trend of Temporary Staffing
6.1.6 Lucrative Benefits
6.2 Challenges
6.2.1 Talent Shortage
6.2.2 Manual Vendor Management System (VMS) Processes
6.2.3 Stringent Regulations
6.3 Market Trends
6.3.1 Virtual and Remote Recruiting
6.3.2 Rising Use of Automation
6.3.3 Technological Advances
6.3.4 Rising Role of MSP in Healthcare Staffing
7. COMPETITIVE LANDSCAPE
7.1 Global Healthcare Staffing Market Players: A Financial Comparison
7.2 Global Travel Nurses Staffing Market Players by Revenue
7.3 Global Per Diem Staffing Market Players by Revenue
7.4 Global Allied Healthcare Staffing Market Players by Revenue
7.5 Global Locums Tenens Staffing Market Players by Revenue
8. COMPANY PROFILES
8.1 AMN Healthcare Services Inc.
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 Cross Country Healthcare, Inc.
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 CHG Healthcare Services
8.3.1 Business Overview
8.3.2 Business Strategies
8.4 Jackson Healthcare Co.
8.4.1 Business Overview
8.4.2 Business Strategies
LIST OF FIGURES
Figure 1: Pros and Cons of Healthcare Staffing Agencies
Figure 2: Healthcare Staffing Recruitment Process
Figure 3: Healthcare Staffing Segmentation by Service Type
Figure 4: Healthcare Staffing Segmentation by Application
Figure 5: Global Healthcare Staffing Market by Value; 2016-2020 (US$ Billion)
Figure 6: Global Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 7: Global Healthcare Staffing Market by Service Type; 2020 (Percentage, %)
Figure 8: Global Healthcare Staffing Market by Region; 2020 (Percentage, %)
Figure 9: Global Allied Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 10: Global Allied Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 11: Global Per Diem Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 12: Global Per Diem Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 13: Global Travel Nursing Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 14: Global Travel Nursing Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 15: Global Locums Tenens Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 16: Global Locums Tenens Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 17: North America Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 18: North America Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 19: North America Healthcare Staffing Market by Region; 2020 (Percentage, %)
Figure 20: The US Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 21: The US Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 22: The US Healthcare Staffing Market by Service Type; 2020 (Percentage, %)
Figure 23: The US Travel Nurses Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 24: The US Travel Nurses Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 25: The US Allied Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 26: The US Allied Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 27: The US Per Diem Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 28: The US Per Diem Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 29: The US Locums Tenens Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 30: The US Locums Tenens Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 31: Rest of the North America Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 32: Rest of the North America Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 33: Europe Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 34: Europe Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 35: Asia Pacific Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 36: Asia Pacific Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 37: Rest of the World Healthcare Staffing Market by Value; 2019-2020 (US$ Million)
Figure 38: Rest of the World Healthcare Staffing Market by Value; 2021-2025 (US$ Million)
Figure 39: The US Education and Health Services Employment Level; 2020 (Million)
Figure 40: The US Change in Personal Consumption Expenditures and Employment by Healthcare Setting; 2020 (Percentage, %)
Figure 41: Global Elderly Population; 2010-2020 (Percentage, %)
Figure 42: Global Prevalence Cases of Chronic Diseases; 2000-2019 (Percentage, %)
Figure 43: Global Health Spending per Capita; 2018-2050 (US$)
Figure 44: The US Active Physician by Age; 2013-2019 (Percentage, %)
Figure 45: AMN Healthcare Services Inc. Revenue; 2016-2020 (US$ Billion)
Figure 46: AMN Healthcare Services Inc. Revenue by Segment; 2020 (Percentage, %)
Figure 47: AMN Healthcare Services Inc. Revenue by Service Type; 2020 (Percentage, %)
Figure 48: Cross Country Healthcare, Inc. Revenue from Services; 2016-2020 (US$ Million)
Figure 49: Cross Country Healthcare, Inc. Revenue by Segment; 2020 (Percentage, %)
Table 1: Global Healthcare Staffing Market Players: A Financial Comparison
Table 2: Global Travel Nurses Staffing Market Players by Revenue
Table 3: Global Per Diem Staffing Market Players by Revenue
Table 4: Global Allied Healthcare Staffing Market Players by Revenue
Table 5: Global Locums Tenens Staffing Market Players by Revenue
Figure 1: Pros and Cons of Healthcare Staffing Agencies
Figure 2: Healthcare Staffing Recruitment Process
Figure 3: Healthcare Staffing Segmentation by Service Type
Figure 4: Healthcare Staffing Segmentation by Application
Figure 5: Global Healthcare Staffing Market by Value; 2016-2020 (US$ Billion)
Figure 6: Global Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 7: Global Healthcare Staffing Market by Service Type; 2020 (Percentage, %)
Figure 8: Global Healthcare Staffing Market by Region; 2020 (Percentage, %)
Figure 9: Global Allied Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 10: Global Allied Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 11: Global Per Diem Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 12: Global Per Diem Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 13: Global Travel Nursing Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 14: Global Travel Nursing Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 15: Global Locums Tenens Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 16: Global Locums Tenens Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 17: North America Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 18: North America Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 19: North America Healthcare Staffing Market by Region; 2020 (Percentage, %)
Figure 20: The US Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 21: The US Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 22: The US Healthcare Staffing Market by Service Type; 2020 (Percentage, %)
Figure 23: The US Travel Nurses Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 24: The US Travel Nurses Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 25: The US Allied Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 26: The US Allied Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 27: The US Per Diem Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 28: The US Per Diem Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 29: The US Locums Tenens Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 30: The US Locums Tenens Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 31: Rest of the North America Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 32: Rest of the North America Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 33: Europe Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 34: Europe Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 35: Asia Pacific Healthcare Staffing Market by Value; 2019-2020 (US$ Billion)
Figure 36: Asia Pacific Healthcare Staffing Market by Value; 2021-2025 (US$ Billion)
Figure 37: Rest of the World Healthcare Staffing Market by Value; 2019-2020 (US$ Million)
Figure 38: Rest of the World Healthcare Staffing Market by Value; 2021-2025 (US$ Million)
Figure 39: The US Education and Health Services Employment Level; 2020 (Million)
Figure 40: The US Change in Personal Consumption Expenditures and Employment by Healthcare Setting; 2020 (Percentage, %)
Figure 41: Global Elderly Population; 2010-2020 (Percentage, %)
Figure 42: Global Prevalence Cases of Chronic Diseases; 2000-2019 (Percentage, %)
Figure 43: Global Health Spending per Capita; 2018-2050 (US$)
Figure 44: The US Active Physician by Age; 2013-2019 (Percentage, %)
Figure 45: AMN Healthcare Services Inc. Revenue; 2016-2020 (US$ Billion)
Figure 46: AMN Healthcare Services Inc. Revenue by Segment; 2020 (Percentage, %)
Figure 47: AMN Healthcare Services Inc. Revenue by Service Type; 2020 (Percentage, %)
Figure 48: Cross Country Healthcare, Inc. Revenue from Services; 2016-2020 (US$ Million)
Figure 49: Cross Country Healthcare, Inc. Revenue by Segment; 2020 (Percentage, %)
Table 1: Global Healthcare Staffing Market Players: A Financial Comparison
Table 2: Global Travel Nurses Staffing Market Players by Revenue
Table 3: Global Per Diem Staffing Market Players by Revenue
Table 4: Global Allied Healthcare Staffing Market Players by Revenue
Table 5: Global Locums Tenens Staffing Market Players by Revenue
