PUBLISHER: Grand View Research | PRODUCT CODE: 1475006
PUBLISHER: Grand View Research | PRODUCT CODE: 1475006
The global locum tenens staffing market is anticipated to reach USD 14.61 billion by 2030 and is projected to grow at a CAGR of 7.56% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising shortage of medical personnel, improving healthcare infrastructure and increasing investment in public health, and rising demand for temporary nursing staff, are primary factors driving the market growth.
The expansion of the market is attributed to an ongoing scarcity of medical professionals at healthcare facilities. According to the Medical Group Management Association's (MGMA) 2022 survey done with 673 healthcare organizations across the country, reported that 58% of respondents anticipate employment to be their healthcare facility's major challenge proceeding into 2023.
Furthermore, numerous healthcare organizations are pursuing partnerships, mergers, acquisitions, and expansion strategies to strengthen their market position. For instance, in May 2023, the Association for Advancing Physician and Provider Recruitment (AAPPR) partnered with six organizations such as Jackson Physician Search, CHG Healthcare, Jackson + Coker Locum Tenens, PracticeLink, Doximity, and LocumTenens.com. The purpose of this partnership is to support organizations to enhance their health care staffing and improve patient care by encouraging physician and provider staffing professionals with resources, high-quality education, and connections.