REPORT HIGHLIGHT

The U.S. healthcare staffing market was valued at USD 16.74 billion by 2019, growing with 6.4% CAGR during the forecast period, 2020-2026.

Healthcare staffing mainly refers to the recruitment firms or third party vendors that outsource healthcare workers to the healthcare units such as hospitals. The healthcare staff ranges from physicians and nurses to allied pharmacists and clinicians. Healthcare staffing helps medical units by availing skilled workforce as there is often a shortage of skilled workforce and funding gaps in hospitals, research centers, and clinics.

Market Dynamics

The growing demand for temporary healthcare professionals staffing owing to the dearth of nursing staff and the increasing geriatric population in the U.S. are the major factors boosting the growth of the U.S. healthcare staffing market. A surge in life expectancy has led to an increase in the geriatric population. According to the Population Reference Bureau(PRB), there were around 52 million people aged 65 years and above in the U.S. in 2018 and this number is estimated to reach up to 95 million by 2060. Moreover, the 65 years and older age population will grow from 16% to 23% by 2060 in the country. Furthermore, the continuously rising demand for medical workers due to the COVID-19 pandemic is fueling the market growth.

However, limited facilities offered by healthcare staffing and lack of skilled medical professionals are predicted to restrict the market growth in the coming future. On the contrary, technology is one of the major drivers for rising healthcare employment and advancements in the medical sector have led to numerous innovations, which is expected to create lucrative growth opportunities for market growth and an increasing need for skilled labor during the forecast period.

Types Takeaway

“Allied healthcare settings segment to dominate the industry during the forecast period”

Based on types, the U.S. healthcare settings market is categorized into per diem nurse staffing, travel nurse staffing, allied healthcare staffing, and locum tenens staffing. Among these, the allied category accounted for the significant revenue share in 2019 and is expected to grow with promising CAGR during the forecast period. This segment consists of respiratory therapists, pharmacists, occupational therapists, and physical therapists. The growing demand for these professionals owing to the rising geriatric population and chronic disease patients are the major factors responsible for the segmental market growth. Besides, several allied professionals prefer to work in the contract due to the flexibility and opportunity to work with many organizations.

The locum tenens staffing market is projected to grow at the fastest pace over the period of forecast. This is majorly owing to the rising preference of physicians towards locum tenens staffing due to its cost-effectiveness. Moreover, many organizations are greatly using locum tenens staffing services mainly due to the shortage of physicians in the country, which is expected to drive the segmental market growth in the projected timeframe.

COVID-19 Impact

The sudden outbreak of the COVID-19 pandemic has immensely impacted the U.S. healthcare staffing market in a positive way. The shortage of medical professions due to the COVID-19 pandemic has increased the demand for healthcare staffing. However, medical workers are at high risk of catching COVID-19 infection as they come in frequent contact with affected individuals. In the U.S., the black healthcare workers are inexplicably impacted by the pandemic stress due to staff shortage, poor medical system, and poor working conditions. Hence, in this COVID-19 pandemic, many agencies are taking efforts to help healthcare staff and COVID-19 patients. For instance, Envision Healthcare is actively involved in providing healthcare staffing facilities during the COVID-19 pandemic crisis in the U.S.

Key Vendor Takeaway

The leading players operating in the industry include Envision Corporation, CHG Management, Inc., AMN Healthcare, Maxim Services, Inc., Syneos Health, Inc., Cross Country Healthcare, Inc., Adecco Group, LocumTenens.com, TeamHealth, and Almost Family. These players are adopting several strategies such as collaborations and acquisitions to hold a strong position in the global industry.

For instance, in January 2020, AMN Healthcare acquired Stratus Video to expand its staffing services in the U.S. AMN is the nation’s leading innovator in healthcare services and talent solutions and the acquisition will help the company to expand in the virtual workforce, quality medical interpretation, and patient care arena services delivered through a safe & secure communications platform.

The market size and forecast for each segment and sub-segments has been considered as below:

• Historical Year – 2015 to2018
• Base Year – 2019
• Estimated Year – 2020
• Projected Year – 2026

TARGET AUDIENCE

• Traders, Distributors, and Suppliers
• Manufacturers
• Government and Regional Agencies
• Research Organizations
• Consultants
• Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

U.S. HEALTHCARE STAFFING KEY PLAYERS

• Envision Corporation
• CHG Management, Inc.
• AMN Healthcare
• Maxim Healthcare Services, Inc.
• Syneos Health, Inc.
• Cross Country, Inc.
• Adecco Group
• com
• TeamHealth
• Almost Family

U.S. HEALTHCARE STAFFING MARKET, BY TYPES

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