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Healthcare Staff Augmentation Market - Forecasts from 2023 to 2028

Report
Published: December 2023Pages 141ID: 5926888

Healthcare Staff Augmentation Market - Forecasts from 2023 to 2028

The healthcare staff augmentation market was valued at US$85.172 billion in 2021 and is expected to grow at a CAGR of 12.84% during the forecast period.Due to increased demand for healthcare services, labor shortages, and the need for flexible staffing options, the healthcare staff augmentation market growth has seen tremendous expansion. As healthcare organizations recognize the benefits of staff augmentation in optimizing resource allocation and sustaining excellent patient care, the healthcare staff augmentation market size has grown. However, various suppliers' healthcare staff augmentation market share may vary depending on criteria such as geographical presence, reputation, and client connections. The healthcare staff augmentation market growth is likely to develop further as it evolves, driven by the continuous difficulties of manpower shortages and the demand for adaptive workforce solutions in the healthcare industry.Introduction:To satisfy the rising needs of patient care, the healthcare business is a dynamic and ever-changing sector that requires a qualified and suitably sized staff. Healthcare staff augmentation is a proactive strategy adopted by healthcare organizations to fill personnel shortfalls and maintain smooth operations. It entails the placement of trained healthcare professionals on a temporary or long-term basis to supplement current personnel.Healthcare staff augmentation provides healthcare providers with cost-effective options. Organizations might hire temporary personnel to address their urgent staffing needs rather than engage in long-term recruiting and onboarding processes, potentially saving money. In recent years, the healthcare staff augmentation market size has grown significantly. In a changing healthcare landscape, the healthcare staff augmentation market growth is critical in assisting healthcare organizations in maintaining efficient operations, providing excellent treatment, and managing workforce difficulties.Key Players in the Healthcare Staff Augmentation Market:AMN Healthcare:AMN Healthcare is one of the largest and most recognizable healthcare staffing firms. They provide a wide range of staffing options, such as temporary, permanent, and locum tenens jobs. AMN Healthcare covers a wide range of healthcare settings and specializations through its extensive network of healthcare experts and geographic reach.Cross Country Healthcare:Cross Country Healthcare is a reputable healthcare staffing agency that works with hospitals, clinics, and other healthcare institutions. They provide a variety of staffing options, such as nursing, allied health, and physician staffing. Cross Country Healthcare is well-known in the market for its significant industry knowledge and customized staffing solutions.CHG Healthcare Services:CHG Healthcare Services is a market leader in healthcare staffing. They provide a variety of staffing choices, such as locum tenens, allied health, and permanent employment. CHG Healthcare Services has a solid reputation for putting the customer first and selecting the best healthcare specialists for any staffing need.Drives:Workforce Shortages and Staffing Challenges:Healthcare workforce shortages and staffing problems relate to the difficulty that healthcare organizations have in attracting and keeping a sufficient number of trained healthcare personnel. These shortages are exacerbated by factors such as population expansion, aging demographics, and rising demand for healthcare services. A lack of specialized skills, regional inequities, and high turnover rates all contribute to staffing issues. These shortages and issues can influence patient care, increase task constraints, and put a burden on healthcare systems. To address these difficulties, new solutions such as healthcare staff augmentation, workforce development programs, and recruiting methods are required to provide a sufficient and trained healthcare workforce.Growing Importance of Specialized Expertise:The rising relevance of specialized expertise in healthcare indicates the need for workers with specialized skills and knowledge. With medical technological developments, sophisticated therapies, and specialized patient groups, healthcare professionals demand specialists who can give tailored care and make educated judgments. Accurate diagnosis, efficient treatment approaches, and improved patient outcomes are all ensured by specialized knowledge. Specialized specialists also contribute to research, innovation, and developments in their professions. The rising relevance of specialized knowledge promotes the demand for advanced training and specialized certifications among healthcare workers, supporting collaboration and interdisciplinary approaches to healthcare delivery.Globalization and Cross-Border Staffing:The activity of hiring healthcare experts from worldwide markets to address staffing vacancies is referred to as globalization and cross-border staffing in healthcare. This concept has gained pace as a result of issues such as personnel shortages, specialized skill demand, and the need for various viewpoints in healthcare teams. Globalization provides healthcare organizations with access to a bigger pool of competent people, helping them to overcome local talent shortages. A cross-border healthcare workforce fosters knowledge sharing, cultural variety, and international cooperation. It promotes the exchange of best practices, improves treatment quality, and brings together varied viewpoints to confront healthcare concerns in an increasingly linked world.The Healthcare Staff Augmentation Market is Expanding at a Constant Pace in the Forecast Period.The market for healthcare staff augmentation is segmented by service type, end-user, and geography. Service Type is further segmented into temporary staffing, permanent staffing, contract staffing, and outsourced staffing. End-users are further segmented into hospitals, clinics, nursing homes, home healthcare, and others.North America has a Leading Position in the Healthcare Staff Augmentation Market.North America is anticipated to hold a significant share of the healthcare staff augmentation market due to its solid healthcare infrastructure, technological breakthroughs, and high healthcare spending. Because of its enormous healthcare business and high need for healthcare personnel, the United States contributes considerably to the healthcare staff augmentation market share. Furthermore, the region's emphasis on high-quality patient care, specialized services, and the presence of large healthcare staffing firms all contribute to its supremacy.Key Developments:In May 2023,Cross Country Healthcare, Inc., a market-leading, technology-enabled workforce solutions platform, and advisory firm, today announced the release of the Xperience mobile app, which enables healthcare professionals to easily search and apply for jobs, set up notifications, gain access to a live recruiter, upload references, complete skills checklists, and access onboarding documents, paystubs, timesheets, and all other onboarding and assignment-related information.In December 2022,Hireup Leadership Inc. ("Hireup") was acquired by Cross Country Healthcare, Inc., a market-leading tech-enabled workforce solutions platform and advising organization.In May 2022,AMN Healthcare, the nation's top comprehensive healthcare talent solutions provider, acquired Connetics USA, an international nurse, and allied recruiting firm specializing in direct hire nursing and related professional recruitment and placements.SegmentationBY SERVICE TYPETemporary StaffingPermanent StaffingContract StaffingOutsourced StaffingBY END-USERHospitalsClinicsNursing HomesAmbulatory Surgical CentersHome HealthcareOthersBY GeographyNorth AmericaUnited StatesCanadaMexicoSouth AmericaBrazilArgentinaOthersEuropeUnited KingdomGermanyFranceItalySpainOthersMiddle East and AfricaSaudi ArabiaUAEOthersAsia PacificJapanChinaIndiaSouth KoreaIndonesiaTaiwanOthers

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