U.S. Healthcare Staffing Market Revenue to Attain USD 43.38 Bn by 2033

17 Dec 2024

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Table of Content

1. U.S. Healthcare Staffing Market Revenue and Trends 2023 to 2033 2. Market Overview 3. Report Highlights of the U.S. Healthcare Staffing Market 4. Major Trends in the U.S. Healthcare Staffing Market 5. U.S. Healthcare Staffing Market Coverage 6. Market News 7. U.S. Healthcare Staffing Marke Key Players

U.S. Healthcare Staffing Market Revenue and Trends 2023 to 2033

The U.S. healthcare staffing market revenue reached USD 26.27 billion in 2024 and is predicted to attain around USD 43.38 billion by 2033 with a CAGR of 5.71%. The market is driven by the rising prevalence of chronic diseases and shortage of skilled healthcare providers.

Market Overview

Healthcare staffing services are a critical component of the healthcare system. They offer independent assessments of an organization's ability to provide professional staffing services with a high standard of service. Healthcare staffing is the process of recruiting and supplying qualified healthcare professionals to various healthcare facilities like hospitals, clinics, ambulatory surgical centers, nursing homes, and pharmaceutical companies.

The major factor driving the growth of the U.S. healthcare staffing market is the lack of skilled healthcare and nursing staff across the country. For instance, according to the U.S. Healthcare workforce report published in November 2024, about 9,33,788 physicians are professionally active, of which 8,00,355 are reported to be patient care practicing physicians. About 38.9% of patient care practicing physicians identify as females. In medical school, female students constitute a larger portion of total enrollment than males. Across all physician specialties in the U.S., there will be a shortage of 1,87,130 full-time equivalent (FTE) physicians in 2037. Moreover, a shortage of 29,740 FTEs dental hygienists and 11,860 FTEs general dentists is projected for 2037. Non-metro areas will experience a greater shortage of physicians than metro areas.

The rising burden of chronic diseases in the U.S. and the increase in the number of surgical procedures boost the need for skilled healthcare professionals, fueling the market's growth. For instance, according to the Centers for Disease Control and Prevention (CDC), an estimated 129 million people in the U.S. have at least one major chronic disease like heart disease, cancer, diabetes, obesity, or hypertension. Five of the top ten leading causes of death in the U.S. are strongly associated with preventable and treatable chronic diseases. Over the past two decades, prevalence has increased steadily and is expected to continue. People in America are dealing with multiple chronic conditions 42% have two or more, and 12% have at least 5. About 90% of the annual US$ 4.1 trillion healthcare expenditure is attributed to managing and treating chronic diseases and mental health conditions.

Report Highlights of the U.S. Healthcare Staffing Market

• By type, the travel nurse staffing segment led the market with the largest share in 2023. This is mainly due to high pay, short-term assignments, and travel opportunities. The shortage of full-time nursing staff in critical care and specialized fields further bolstered the segment. Moreover, the increasing healthcare cost encourages hospitals to hire travel nurses to ensure caregivers are readily available when the workload increases.
• By end-user, the hospitals segment dominated the market in 2023 due to the increase in hospital readmission, the rise in the cases of chronic diseases, and the need for more staff across various departments. On the other hand, the ambulatory surgical & clinics segment is projected to grow rapidly in the coming years. This is mainly due to the rising preference for outpatient settings.

Major Trends in the U.S. Healthcare Staffing Market

• Rising Geriatric Population: The increasing aging population in the U.S. creates a burden on the healthcare systems as they are more prone to chronic diseases, such as heart disease, cancer, and diabetes, creating the need for a healthcare staffing system. According to a report published by the National Institutes of Health (NIH), 85% of Americans over 65 years of age have at least one chronic health condition, and 60% have at least two chronic conditions. It is estimated that 27% of the U.S. adult population has multiple chronic conditions.
• Technological Advancements: Innovations like telemedicine and medical informatics are gaining popularity and boosting the need for a skilled workforce to handle technical and non-technical aspects, making it necessary to train the existing professionals and recruit new skilled professionals. Moreover, flexible work hours increase the demand for traveling nurses, thus driving market growth. For instance, in August 2024, Pfizer launched the PfizerForAll platform, which is designed to connect patients in the U.S. with a range of healthcare services serving as a one-stop shop where the individual can make doctor's appointments, find vaccines, and order tests and treatment. This platform also provides access to treatments for common conditions like migraine, flu-like conditions, respiratory diseases, and pneumococcal pneumonia.
• Increasing Number of Hospitals and Care Centers: With the rise in the number of government and non-government care centers, acute care centers, and other medical facilities, the need for more healthcare workers is increasing. Rising government investments to expand healthcare facilities and improved medical infrastructure further contribute to the growth of the market.

U.S. Healthcare Staffing Market Coverage

Market News

• In September 2024, Jackson Healthcare announced the launch of Jackson HealthPros, which serves the national allied health staffing market needs to focus on specialty areas which include imaging, radiology, laboratory, respiratory therapy, and surgery. It also provides healthcare systems, hospitals, and care facilities of all sizes with well-trained healthcare professionals. It creates strategic common customized and adaptable workforce solutions to deliver expert clinicians and technologists can improve the healthcare delivery experience.
• In September 2024, 1840 & Company, a global leader in outsourcing and remote staffing solutions, is proud to announce the launch of its new healthcare staffing vertical. This expansion addresses critical staffing needs within the healthcare sector, offering comprehensive local staffing solutions for locum tenens, per diem nurses, and allied health professionals, alongside traditional outsourcing services such as medical billing, coding, and data entry.
• In July 2024, DocVA launched cutting-edge virtual medical assistant services with the aim of transforming medical practices by providing highly skilled virtual assistants capable of handling various administrative and clinical support tasks. It also includes a wide range of services such as a virtual medical receptionist, virtual medical billing and insurance assistant, virtual medical assistant, and virtual medical scribe.

U.S. Healthcare Staffing Marke Key Players

• Amn Healthcare
• Envision Healthcare Corporation
• CHG Management, Inc.
• Maxim Healthcare Group
• Cross Country Healthcare, Inc.
• Trustaff
• Aya Healthcare
• Teamhealth
• Adecco Group
• Locumtenens.Com

Market Segmentation

By Type

• Travel Nurse Staffing
• Per Diem Nurse Staffing
• Locum Tenens Staffing
• Physicians
• Physician Assistants
• Nurse Practitioners
• Others
• Allied Healthcare Staffing

By End-User

• Hospitals
• Ambulatory Surgical & Clinics
• Others

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