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Market Research Report
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932864

U.S. Healthcare Staffing Market Size, Share & Trends Analysis Report By Service Type (Travel Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing, Per Diem Nurse Staffing), And Segment Forecasts, 2020 - 2027

Published: | Grand View Research, Inc. | 100 Pages | Delivery time: 2-10 business days

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U.S. Healthcare Staffing Market Size, Share & Trends Analysis Report By Service Type (Travel Nurse Staffing, Locum Tenens Staffing, Allied Healthcare Staffing, Per Diem Nurse Staffing), And Segment Forecasts, 2020 - 2027
Published: April 8, 2020
Grand View Research, Inc.
Content info: 100 Pages
Delivery time: 2-10 business days
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  • Description
  • Table of Contents
Description

The U.S. healthcare staffing market size is expected to reach USD 26.7 billion by 2027, exhibiting a CAGR of around 5% over the forecast period, based on a new report by Grand View Research, Inc. Increasing geriatric population is leading to rising demand for healthcare services and shortage of nurses and other healthcare staff. The cost-effectivity of temporary staffing is likely to drive the market in the coming years.

An increase in life expectancy has led to a rise in geriatric population. According to the National Institutes of Health, the number of people aged 65 years and above in U.S. is projected to nearly double from 48 million to 88 million by 2050. An aging population is expected to have a significant impact on healthcare delivery because they are highly susceptible to lifestyle diseases and chronic conditions.

According to the Bureau of Labor Statistics (BLS), around 526,800 nurses will retire over the next few years, creating a demand-supply gap. Also, according to the Association of American Medical Colleges, there will be a shortage of around 61000 to 94000 physicians by 2025. Shortage of physicians in the coming years is likely to drive the market in developed regions. In addition, increasing need for home healthcare workforce, such as nutritionists, dieticians, therapists, nurses, and home care aides, is also expected to aid the market growth.

Technology is currently one of the major drivers for increased healthcare employment. Advancements e have led to various innovations, such as medical informatics and telehealth, which have increased the need for skilled labor force to handle both technical and non-technical aspects of these devices. Hence, recruitment of new professionals along with training of existing ones has become essential.

The flexibility in work timings and attractive wages is expected to increase the number of individuals opting for allied healthcare as a career option. According to BLS, physician's assistants, medical assistants, and pharmacy technicians are among the top 30 fastest-growing careers in U.S.

Further key findings from the report suggest:

The allied healthcare segment dominated the market in terms of revenue share in 2019. It includes medical technologists, physical therapists, respiratory therapists, occupational therapists, phlebotomists, and pharmacists

The fastest growth is expected to be exhibited by the locum tenens segment owing to the cost-effectiveness of hiring temporary employees and an increase in the trend of physicians opting to work as locum tenens

Some of the key players in the U.S. healthcare staffing market are AMN Healthcare; Envision Healthcare Corporation; Maxim Healthcare Services, Inc.; CHG Management, Inc.; inVentiv Health; Cross Country Healthcare, Inc.; TeamHealth; Almost Family; and Adecco Group

Mergers, collaborations, and acquisitions are the key strategies undertaken by the players to improve their market position

In November 2019, HNI Healthcare, Inc. acquired Martin Healthcare Group, a private company working across Florida and the Midwest, in order to expand its reach in the Midwest region of U.S.

Table of Contents
Product Code: GVR-3-68038-500-7

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
    • 1.1.1 Type
    • 1.1.2 Estimates and Forecast Timeline
  • 1.2 Research Methodology
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
    • 1.3.3 Secondary Sources
    • 1.3.4 Primary research
  • 1.4 Information or Data Analysis
    • 1.4.1 Data Analysis Models
  • 1.5 Market Formulation & Validation
  • 1.6 Model Details
    • 1.6.1 Commodity flow analysis (Model 1)
    • 1.6.2 Volume price analysis (Model 2)
  • 1.7 List of Secondary Sources
  • 1.8 Objectives
    • 1.8.1 Objective - 1
    • 1.8.2 Objective - 2

Chapter 2 Executive Summary

  • 2.1 Market Outlook
  • 2.2 Segment Outlook
    • 2.2.1 Type
  • 2.3 Competitive Insights
  • 2.4 U.S. Healthcare Staffing Market Outlook, 2019

Chapter 3 Market Variables, Trends & Scope

  • 3.1 Market Lineage Outlook
    • 3.1.1 Parent Market Outlook
  • 3.2 Market Segmentation
  • 3.3 Penetration & Growth Prospect Mapping
    • 3.3.1 Penetration Analysis
    • 3.3.2 Market Driver Analysis
      • 3.3.2.1 Rising geriatric population
      • 3.3.2.2 Shortage of nursing staff
      • 3.3.2.3 Technological advancements
      • 3.3.2.4 High flexibility and exposure
    • 3.3.3 Market Restraint Analysis
      • 3.3.3.1 Stringent regulations
  • 3.4 U.S. Healthcare Staffing Market: Business Environment Analysis Tools
    • 3.4.1 Porter's Five Forces Analysis
      • 3.4.1.1 Competitive rivalry
      • 3.4.1.2 Threat of new entrants
      • 3.4.1.3 Bargaining power of buyers
      • 3.4.1.4 Bargaining power of suppliers
      • 3.4.1.5 Threat of substitutes
    • 3.4.2 PEST Analysis
      • 3.4.2.1 Political Landscape
      • 3.4.2.2 Economic and social Landscape
      • 3.4.2.3 Technology Landscape
  • 3.5 Regulatory Scenario
  • 3.6 List of Few Healthcare Staffing Providers in the U.S.
  • 3.7 Major Deals & Strategic Alliances

Chapter 4 U.S. Healthcare Staffing Market: Service Type Analysis

  • 4.1 U.S. Healthcare Staffing Service Type Market Share Analysis, 2019 & 2027
  • 4.2 U.S. Healthcare Staffing Service Type Market: Segment Dashboard:
  • 4.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Service Type Segment
    • 4.3.1 Travel Nurse Staffing
      • 4.3.1.1 Travel Nurse Staffing Market, 2016 - 2027 (USD Million)
    • 4.3.2 Per Diem Nurse Staffing
      • 4.3.2.1 Per Diem Nurse Staffing Market, 2016 - 2027 (USD Million)
    • 4.3.3 Locum Tenens Staffing
      • 4.3.3.1 Locum Tenens Staffing Market, 2016 - 2027 (USD Million)
    • 4.3.4 Allied Healthcare Staffing
      • 4.3.4.1 Allied Healthcare Staffing Market, 2016 - 2027 (USD Million)

Chapter 5 Competitive Analysis

  • 5.1 Strategic Framework/ Competition Categorization (Key innovators, Market Leaders, Emerging Players)
  • 5.2 Vendor Landscape
    • 5.2.1 Mergers & Acquisitions
  • 5.3 Company Market Position Analysis (Geographic Presence, Product Portfolio, Strategic Initiatives)
  • 5.4 Company Profiles
    • 5.4.1 Envisions Healthcare Corporation
      • 5.4.1.1 Company overview
      • 5.4.1.2 Financial performance
      • 5.4.1.3 Product benchmarking
      • 5.4.1.4 Strategic initiatives
      • 5.4.1.5 SWOT analysis
    • 5.4.2 AMN Healthcare
      • 5.4.2.1 Company overview
      • 5.4.2.2 Financial performance
      • 5.4.2.3 Service benchmarking
      • 5.4.2.4 Strategic initiatives
      • 5.4.2.5 SWOT analysis
    • 5.4.3 CHG Management, Inc.
      • 5.4.3.1 Company overview
      • 5.4.3.2 Service benchmarking
      • 5.4.3.3 Strategic initiatives
    • 5.4.4 Maxim Healthcare Services, Inc.
      • 5.4.4.1 Company overview
      • 5.4.4.2 Service benchmarking
      • 5.4.4.3 Strategic initiatives
    • 5.4.5 Cross Country Healthcare, Inc.
      • 5.4.5.1 Company overview
      • 5.4.5.2 Financial performance
      • 5.4.5.3 Product benchmarking
      • 5.4.5.4 Strategic initiatives
      • 5.4.5.5 SWOT analysis
    • 5.4.6 Syneos Health, Inc.
      • 5.4.6.1 Company overview
      • 5.4.6.2 Financial performance
      • 5.4.6.3 Product benchmarking
      • 5.4.6.4 Strategic initiatives
      • 5.4.6.5 SWOT analysis
    • 5.4.7 Almost Family
      • 5.4.7.1 Company overview
      • 5.4.7.2 Financial performance
      • 5.4.7.3 Services benchmarking
      • 5.4.7.4 Strategic initiatives
      • 5.4.7.5 SWOT analysis
    • 5.4.8 TeamHealth
      • 5.4.8.1 Company overview
      • 5.4.8.2 Financial performance
      • 5.4.8.3 Service benchmarking
      • 5.4.8.4 Strategic initiatives
      • 5.4.8.5 SWOT analysis
    • 5.4.9 Adecco Group
      • 5.4.9.1 Company overview
      • 5.4.9.2 Financial performance
      • 5.4.9.3 Service benchmarking
      • 5.4.9.4 Strategic initiatives
      • 5.4.9.5 SWOT analysis
    • 5.4.10 LocumTenens.com
      • 5.4.10.1 Company overview
      • 5.4.10.2 Service benchmarking
      • 5.4.10.3 Strategic initiatives

List of Tables

  • TABLE 1 List of Secondary Sources

List of Figures

  • FIG. 1 Market research process
  • FIG. 2 Information procurement
  • FIG. 3 Primary research pattern
  • FIG. 4 Market research approaches
  • FIG. 5 Value chain based sizing & forecasting
  • FIG. 6 QFD modelling for market share assessment
  • FIG. 7 Market formulation & validation
  • FIG. 8 U.S. healthcare staffing market outlook, 2019 (USD Million)
  • FIG. 9 Market trends & outlook
  • FIG. 10 U.S. healthcare staffing market segmentation
  • FIG. 11 Penetration & growth prospect mapping
  • FIG. 12 Market driver relevance analysis (Current & future impact)
  • FIG. 13 Adult vs geriatric population forecast
  • FIG. 14 Market restraint relevance analysis (Current & future impact)
  • FIG. 15 U.S. healthcare staffing service type market share analysis, 2019 & 2027
  • FIG. 16 U.S. healthcare staffing service type market: Segment dashboard
  • FIG. 17 Travel nurse staffing market, 2016 - 2027 (USD Million)
  • FIG. 18 Per diem nurse staffing market, 2016 - 2027 (USD Million)
  • FIG. 19 Locum tenens staffing market, 2016 - 2027 (USD Million)
  • FIG. 20 Allied healthcare staffing market, 2016 - 2027 (USD Million)
  • FIG. 21 Strategy framework
  • FIG. 22 U.S. healthcare staffing competitive landscape: Market position analysis (based on services, regional presence, and recent updates (2019)