The U.S. healthcare staffing market comprises agencies that provide healthcare professionals like physicians, nurses, allied health professionals, and non-clinical staff to healthcare facilities on a temporary basis. Nurses are in high demand globally due to aging populations and an overall shortage. Registered nurses (RNs) are essential to patient safety and high-quality care. The U.S. Bureau of Labor Statistics projects over 200,000 new nursing jobs each year through 2030. Travel nurses play a key role in filling staffing gaps, allowing hospitals to meet patient needs.

The global U.S. Healthcare Staffing Market is estimated to be valued at US$ 21.33 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The increasing demand for nurses remains the primary driver fueling growth of the U.S. healthcare staffing market. With an aging population and increasing incidences of chronic diseases, demand has risen for RNs and allied health professionals in both acute and long-term care settings. However, nursing schools lack capacity to train sufficient numbers. Travel nurses enable hospitals to supplement permanent staffing needs on a temporary basis until vacancies can be filled. Increasing focus on cost control and profitability in the healthcare industry has also boosted adoption of staffing agency services versus direct hiring approaches. Staffing agencies take on responsibilities of recruiting, onboarding, payment processing and compliance, allowing facilities to focus on patient care. These factors are expected to support ongoing expansion of the U.S. healthcare staffing market over the next decade.

SWOT Analysis

Content (Write in 250 words long SWOT analysis for given market name. Ex. Strength: explain in three sentence explanation; Weakness: explain two weakness in three sentence long explanation; Opportunity: explain two opportunity in three sentence long explanation; Threats: explain two threats two sentence explanation).

Strength: The U.S. Healthcare Staffing Market benefits from high demand for healthcare professionals. The aging population in the U.S. drives the need for more healthcare workers. Healthcare staffing agencies efficiently match qualified professionals to facilities with open positions.
Weakness: There is a shortage of healthcare workers available to fill all open roles. Relying on contracted staff introduces more risk than permanent employees. High turnover rates increase recruiting and training costs.
Opportunity: Emerging areas like telemedicine and home healthcare provide new markets for staffing services. Strategic acquisitions can expand service offerings and geographic reach.
Threats: Economic downturns may reduce demand and pricing power. Rising wages increase costs passed to healthcare facilities.

Key Takeaways

The global U.S. Healthcare Staffing Market Share is expected to witness high growth over the forecast period of 2023 to 2030. Growth is anticipated to be driven by an aging population increasing demand for healthcare and critical staffing shortages necessitating efficient solutions. Healthcare staffing agencies efficiently match qualified medical professionals to healthcare facilities with open clinical and non-clinical positions.

The North American region dominates the global U.S. Healthcare Staffing Market currently. The presence of major healthcare staffing brands and high healthcare spending in the U.S. supports the regional market growth. Furthermore, factors like the shortage of skilled healthcare professionals and increasing need to curb healthcare costs are driving the demand for staffing services in the region. The U.S. Healthcare Staffing Market is expected to continue to hold the largest market share through 2030.

Key players
Key players operating in the U.S. Healthcare Staffing Market are Solvay SA, Nippon Chemic, and AGC Inc. The staffing market is highly consolidated with a few major players holding significant shares. Strategic initiatives like acquisitions help the leading companies expand service offerings and geographic footprint in the rapidly growing U.S. healthcare staffing industry.

 

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