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Market Research Report
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950969

U.S. Healthcare Staffing Market, By Types (Per Diem Nurse Staffing, Travel Nurse Staffing, Allied Healthcare Staffing, Locum Tenens Staffing) - Analysis, Size, Share, Trends, & Forecast from 2020-2026

Published: | AnalystView Market Insights | 162 Pages | Delivery time: 2-3 business days

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U.S. Healthcare Staffing Market, By Types (Per Diem Nurse Staffing, Travel Nurse Staffing, Allied Healthcare Staffing, Locum Tenens Staffing) - Analysis, Size, Share, Trends, & Forecast from 2020-2026
Published: July 1, 2020
AnalystView Market Insights
Content info: 162 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

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 TAKEAWA

"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 TAKEAWA

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

Table of Contents

TABLE OF CONTENT

1. U.S. HEALTHCARE STAFFING MARKET OVERVIEW

  • 1.1. Study Scope
  • 1.2. Assumption and Methodology

2. EXECUTIVE SUMMARY

  • 2.1. Market Snippet
    • 2.1.1. Market Snippet by Types
  • 2.2. Competitive Insights

3. U.S. HEALTHCARE STAFFING KEY MARKET TRENDS

  • 3.1. Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Market Opportunities
  • 3.4. Market Future Trends

4. U.S. HEALTHCARE STAFFING INDUSTRY STUDY

  • 4.1. Porter's Five Forces Analysis
  • 4.2. Marketing Strategy Analysis
  • 4.3. Growth Prospect Mapping
  • 4.4. Regulatory Framework Analysis

5. U.S. HEALTHCARE STAFFING MARKET LANDSCAPE

  • 5.1. Market Share Analysis
  • 5.2. Key Innovators
  • 5.3. Breakdown Data, by Key manufacturer
    • 5.3.1. Established Player Analysis
    • 5.3.2. Emerging Player Analysis

6. U.S. HEALTHCARE STAFFING MARKET - BY TYPES

  • 6.1. Overview
    • 6.1.1. Segment Share Analysis, By Types, 2019 & 2026 (%)
  • 6.2. Per Diem Nurse Staffing
    • 6.2.1. Overview
    • 6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 6.3. Travel Nurse Staffing
    • 6.3.1. Overview
    • 6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 6.4. Allied Healthcare Setting
    • 6.4.1. Overview
    • 6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
  • 6.5. Locum Tenens Staffing
    • 6.5.1. Overview
    • 6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)

7. KEY VENDOR ANALYSIS

  • 7.1. Envision Healthcare Corporation
    • 7.1.1. Company Snapshot
    • 7.1.2. Financial Performance
    • 7.1.3. Product Benchmarking
    • 7.1.4. Strategic Initiatives
  • 7.2. CHG Management, Inc.
  • 7.3. AMN Healthcare
  • 7.4. Maxim Healthcare Services, Inc.
  • 7.5. Syneos Health, Inc.
  • 7.6. Cross Country Healthcare, Inc.
  • 7.7. Adecco Group
  • 7.8. LocumTenens.com
  • 7.9. TeamHealth
  • 7.10. Almost Family
  • 7.11. Others

8. 360 DEGREE ANALYSTVIEW

9. APPENDIX

  • 9.1. Research Methodology
  • 9.2. References
  • 9.3. Abbreviations
  • 9.4. Disclaimer
  • 9.5. Contact Us

List of Tables

  • TABLE List of data sources
  • TABLE Market drivers; Impact Analysis
  • TABLE Market restraints; Impact Analysis
  • TABLE U.S. Healthcare Staffing market: Types Snapshot (2018)
  • TABLE Segment Dashboard; Definition and Scope, by Types
  • TABLE U.S.Healthcare Staffing market, by Types 2015-2026 (USD Million)

List of Figures

  • FIGURE Healthcare Staffing market segmentation
  • FIGURE Market research methodology
  • FIGURE Value chain analysis
  • FIGURE Porter's Five Forces Analysis
  • FIGURE Market Attractiveness Analysis
  • FIGURE Competitive Landscape; Key company market share analysis, 2018
  • FIGURE Types segment market share analysis, 2019 & 2026
  • FIGURE Types segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
  • FIGURE Per Diem Nurse Staffingmarket size forecast and trend analysis, 2015 to 2026 (USD Million)
  • FIGURE Travel Nurse Staffing market size forecast and trend analysis, 2015 to 2026 (USD Million)
  • FIGURE Allied Healthcare Setting market size forecast and trend analysis, 2015 to 2026 (USD Million)
  • FIGURE Locum Tenens Staffing market size forecast and trend analysis, 2015 to 2026 (USD Million)