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Healthcare Staffing Market in US - Industry Outlook and Forecast 2018-2023

SKU : ARZ171108
  • Published on : November 2017

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The healthcare staffing market in US is expected to cross $28 billion by 2023.

The healthcare industry in the US is witnessing a shortage of nurses in the country. Despite the fact that registered nurses are among the single largest healthcare professionals in the country, the vacancy rate for registered nurses is growing. AMN, CHG, Cross Country, and Jackson are the leading vendors in the healthcare staffing market.

Key highlights of healthcare staffing market in US:

  • Large staffing companies with their vast network & resources are rapidly expanding their footprint in the market. The small & local vendors may have high probability of getting acquired by these companies.
  • Launch of different government programs in the healthcare market have also resulted in the growth of healthcare insurance business, which relatively is increasing the growth of the US healthcare staffing market.
  • The healthcare staffing market is witnessing large players getting engaged in strategic acquisitions to gain market share, expand geographically in the US, and enhance existing capabilities.
  • The major market restraints of the industry are limited pool of qualified healthcare professionals and stringent government regulations.

The US has been witnessing a diminishing pipeline of new recruits in the nursing industry. Low admissions in nursing schools due to the shortage of faculty, aging population of registered nurses, and increase in the percentage of US population covered under medical insurance and requiring medical assistance are factors that are driving the healthcare staffing industry in the US.

US Healthcare Staffing Market Size

Healthcare Staffing Market in US: Key Vendor Analysis

The healthcare staffing market in the US is highly fragmented with the presence of large, medium, and small-sized vendors. Historically, the market has always shown a low level of concentration. However, since the last two years, the competitive landscape has completely changed in the healthcare industry.

Although the healthcare staffing market in the US is characterized by the presence of diversified vendors offering their services across the country, as these players would increase their footprint in the market, local players would be finding it increasingly difficult to compete with them, especially in terms of features such as service quality, geographical reach, and the client base. The report profiles the leading players in the healthcare staffing market and provides a complete value chain analysis of the market.

The major vendors included in the report are as follows:

  • AMN Healthcare
  • CHG Healthcare Services
  • Cross Country Healthcare
  • Jackson Healthcare

Other prominent vendors in the healthcare staffing market in the US include Accountable Healthcare Staffing, Aureus Medical Group, Aya Healthcare, Favorite Healthcare Staffing, InGenesis, Healthcare Staffing Services, Maxim Healthcare Services, Medical Solutions, MedPartners, HealthTrust Workforce Solutions, Soliant Health, Supplemental Health Care, Trustaff, and Vista Staffing Solutions.  

Other vendors mentioned in the report are ACCESS Healthcare Services, Addison Group, Advanced Medical Personnel Services , A-Line Staffing Solutions, All Medical Personnel , Ardor Health Solutions, ATC , CareerStaff Unlimited (Genesis) , Cirrus Medical Staffing , CoreMedical Group , D&Y (Team Health) , Emerald Health Services , Health Carousel , HealthCare Support , Interim HealthCare , Kelly Services , LiquidAgents Clinical Staffing Solutions , Loyal Source, Medicus, Medix, Mint Physician Staffing, Nightingale Nurses, PrideStaff, The Delta Companies , The Execu|Search Group, The Judge Group, Therapy Source, Travel Nurse across America , Trinity Healthcare Staffing Group , and Yoh.

US Healthcare Staffing Market: Dynamics

Rapid growth in overall insured lives and rise in aging population to drive the healthcare staffing market growth in the US  

The increase in the number of medical jobs has been steady in the last 25 years. However, since 2010, the market has been witnessing an increase in demand for medical vacancies. The implementation of ACA in the US was the fueling factor for the growth of the healthcare staffing market in the US.

Fueled by an increasing patient census in the US, the healthcare staffing market witnessed increased demand for temporary staffing services to mitigate the shortage of nurses and physicians in the health settings. This boosted the demand for temporary staffing services. This trend will continue over the next few years and will make medical staffing as one of the leading employment sectors in the US. Furthermore, increased market consolidation and shift toward ambulatory services from inpatient services are also likely to add to the market growth in the healthcare segment during the forecast period.

Healthcare Staffing Market in US: Segmental Analysis

Nurses staffing segment to witness maximum growth

The implementation of ACA in 2010 and the increase in the population percentage covered under medical insurance have driven the demand for nursing staffs in the US healthcare industry. This trend is expected to continue over the next few years. There is a high demand for travel and per diem nurses in the US because of factors such as more number of people gaining health coverage under the ACA and an invigorated US economy. ACA has created a surge in nursing demand as people are seeking out proper health insurance and obtaining effective medical care. The increase in medical care usage has contributed to a high patient turnover in hospitals.

Although the demand for allied health staff is expected to show a considerable increase, the nurses segment will be the major staffing segment in the market in the US. As more physicians are choosing to work as locum tenens and also as a full-time option in the country, the demand for locum tenens is witnessing a rapid growth in the US healhtcare staffing market. Similarly, in terms of the end-user segment, hospitals will constitute the maximum share followed by the pharmaceutical client segment.

Key market insights include        

  1. The analysis of the healthcare staffing market in US provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the healthcare staffing market in US.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities of the healthcare staffing industry.
  4. It offers a complete overview of market segments and the regional outlook of the healthcare staffing market in US
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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