The global Per Diem Nurse Staffing market size is expected to be worth around US$ 14.14 billion by 2030, according to a new report by Vision Research Reports.
The global Per Diem Nurse Staffing market size was valued at US$ 9.34 billion in 2020 and is anticipated to grow at a CAGR of 5.14% during forecast period 2021 to 2030.
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Growth Factors
Nursing services have been fundamental to healthcare delivery for quality patient care. The branches of nursing services such as per diem nursing, locum tenens, and travel nursing are vital factors for the transformation of medical services. Rising demand for healthcare facilities and the shortage of skilled healthcare staff are likely to drive the market growth.
The rise in the demand for healthcare facilities and the shortage of skilled staff are likely to drive the market growth.
According to the National Institute on Aging (NIA), a part of the National Institutes of Health (NIH), around 8% of the global population-about 617 million people-is aged 65 or older. The risk of diabetes and cardiovascular diseases increases with age, which results in a higher burden on the healthcare system. The increase in life expectancy has led to a rise in geriatric population, which is expected to continue to increase in the future. Hence, rising geriatric population is likely to lead to an increase in the demand for healthcare facilities. This is anticipated to drive the per diem nurse staffing in near future.
Report Highlights
North America dominated the per diem nurse staffing market in 2020 and is expected to maintain its position during the forecast period. Lack of skilled professionals, high baby boomer population, and the presence of several healthcare recruitment agencies in the region are some of the factors contributing to the growth. According to the Association of American Medical Colleges, the shortage of healthcare professionals is expected to grow by 2025 with a requirement of around 95,000 people. Furthermore, an increase in demand for healthcare services, especially in acute healthcare facilities and inpatient facilities, is most likely to drive this market over the forecast period.
The healthcare staffing agencies are undertaking strategic initiatives such as mergers and partnerships for the expansion of their network in U.S. For instance, Novation Companies, Inc. acquired Healthcare Staffing, Inc. in 2017 to expand its presence in Georgia, U.S. Higher penetration of nurse recruitment services in U.S., particularly due to the presence of various market players and high demand of healthcare professionals for home care are responsible for the dominance of the U.S. in North America.
Hospitals face financial uncertainty, which results in a decrease in the permanent recruitment of nursing staff. Moreover, the growth in the number of insured people in the U.S. further increases the demand for healthcare services, thereby, increasing the gap between supply and demand of per diem nurse staff.
Asia Pacific market for per diem nurse staffing is majorly driven by the countries such as China, Japan, India, and Australia. Japan held the majority of the regional market share in terms of revenue in 2018 due to high public and private investment in the healthcare sector, stringent regulations, and positive economic conditions. Thailand and Singapore are some of the merging countries in the temporary staffing market owing to the gaining popularity of home health care. The favorable government initiatives, including linearization of some of the archaic labor laws, are anticipated to drive the market in the coming years.
Key Players
| Report Coverage | Details |
| Market Size | US$ 14.14 billion by 2030 |
| Growth Rate | CAGR of 5.14% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Cross Country Healthcare, Inc.; Healthtrust Workforce Solutions; Maxim Healthcare Group; Supplemental Healthcare; Accountable Healthcare Staffing; AMN Healthcare; Nurse Staffing LLC; GHR Healthcare; Interim HealthCare, Inc.; CareerStaff Unlimited |
Market Segmentation
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