by The U.S. healthcare staffing market provides solutions for temporary, contract and permanent placement of physicians, nurses, pharmacists, allied healthcare professionals and administrative and ancillary staff. The need for qualified healthcare professionals is rising across the U.S. owing to growing and aging population coupled with shortage of skilled doctors and nurses.
The global U.S. Healthcare Staffing Market is estimated to be valued at US$ 24.58 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand for healthcare staffing:
The demand for healthcare staffing is growing in the US as there is a shortage of physicians, nurses and other healthcare professionals in the country. This is mainly due to aging of existing healthcare workforce and increasing healthcare needs of growing elderly population. The staffing agencies help healthcare facilities meet this increasing demand for healthcare staff through temporary or permanent placement of required resources. This growing demand is expected to remain a key trend in the US healthcare staffing market during the forecast period.
SWOT Analysis
Strength: The U.S. healthcare staffing market offers flexible working schedules and opportunities for career advancement. This attracts healthcare professionals to work as locums or travel nurses.
Weakness: There is a shortage of healthcare professionals in the U.S. This hinders the ability of staffing companies to meet the increasing demand. Staffing agencies also face regulatory hurdles related to licensing and credentialing of locum tenens and travel nurses across state lines.
Opportunity: The aging U.S. population and growing prevalence of chronic diseases are increasing the demand for healthcare services. This drives the need for additional locum tenens and travel nurses to supplement the in-house clinical staff of hospitals and healthcare facilities.
Threats: Consolidation among hospitals reduces the number of facilities that rely on external locum tenens and travel nursing staff. Budget cuts by hospitals can also decrease their spending on contracted locum tenens and travel nurses.
Key Takeaways
The global U.S. Healthcare Staffing Market demand is estimated to be valued at US$ 24.58 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Regional analysis
shows North America dominates the market currently due to the large healthcare infrastructure and high demand for staffing solutions in the region. The U.S. accounts for majority of the North American market.
Key players
operating in the U.S. healthcare staffing market are Solvay SA, Nippon Chemical Industrial Co., Ltd., Hubei Xingfa Chemicals Group Co., Ltd., Sigma-Aldrich (Merck KGaA), LANXESS AG, Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd., Nantong Xinbang Chemical Technology Chemical Co., Ltd., Triveni Chemicals, HBCChem, Inc., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), American Elements, Shanghai Worldyang Chemical Co., Ltd., Alfa Aesar (Thermo Fisher Scientific Inc.), Finetech Industry Limited, and Shanxi Lanhua Sci-Tech Venture Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
