Healthcare Staffing Market Size Projected to Reach $89.8 Billion by 2031

The global healthcare staffing market size was valued at $40.1 billion USD in 2021 and is projected to reach $89.8 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.

Due to the rising need for healthcare jobs globally, the healthcare staffing industry is growing, according to a release by Valuates Reports. One of the elements influencing the expansion of the industry is the rise in demand for temporary nursing staff, especially among the elderly.

It is anticipated that the number of private and public hospitals, long-term care facilities, acute care facilities, and other healthcare systems will rise significantly, spurring healthcare staffing market expansion.

As the usage of artificial intelligence increases, traditional methods of medical staffing are being replaced by robotics and automation.

Trends influencing the growth

The number of hospitals has increased as a result of better healthcare infrastructure and more public health funding. It is predicted that new legislation would provide connected professionals, particularly nurses, the authority to act as the patients' top defenders by starting health programs to encourage better care. These policies support and advance the right of individuals to make knowledgeable healthcare decisions. All of these things are expected to increase the healthcare staffing market.

One of the drivers of industry growth is the rise in demand for temporary nursing staff, especially from the elderly. The existing aging population and expanding access to public health are placing stress on the healthcare system. The importance of having skilled medical personnel in place is growing as a result. Which in turn is driving the healthcare staffing market. The main cause of the present rise in healthcare employment is technology. A more trained workforce is now required to manage both the technical and non-technical components of healthcare equipment because of developments in telemedicine and medical informatics.

Using technology to minimize human involvement throughout the onboarding process has increased communication between clients and healthcare staffing companies. Last but not least, timesheets maintain track of how much time has passed throughout assignments to guarantee that everyone is adequately compensated for overtime work.

Due to the rising need for healthcare jobs globally, the healthcare staffing industry is growing. The healthcare staffing industry has experienced phenomenal growth as a result of COVID-19. A record number of healthcare professionals were required because of the global rise in patient numbers. The need for healthcare personnel from hospitals at this time led to a significant expansion of the market. Effective workforce policies that assist the recruitment and retention of qualified healthcare personnel are urgently needed in addition to these issues to fulfill these rising demands, which put a significant burden on healthcare systems around the world. These elements fuel the healthcare staffing market.

The allied healthcare staffing sector led the market in 2021 when it came to typing. By offering technical, diagnostic, therapeutic, and supportive services, allied healthcare professionals work in healthcare facilities primarily to ensure the smooth running of the healthcare system. This sets them apart from those in the nursing, pharmacy, and medical fields. Technicians such as pharmacy assistants, home health aides, dental assistants, and operating room technicians are included in the category of allied healthcare workers.

The hospital segment led the global healthcare staffing market share in 2021 based on end users. The utilization of healthcare staffing for delivering healthcare-related services including patient care is responsible for the growth of this market. These hospital staffing applications are certain to open up growth opportunities for the sector throughout the course of the projection period.

Due to the rise in the incidence of physical and medical diseases brought on by the aging population, North America dominated the global market in 2021. The market expansion in North America is anticipated to be driven by the rising geriatric population, improved healthcare infrastructure, efficient government regulation, and a high need for healthcare workers.