Temporary Healthcare Staffing Market to gain prominence owing to shortage of healthcare professionals

The temporary healthcare staffing market encompasses temporary staffing services for healthcare professionals including nurses, therapists, physicians and other medical staff provided to healthcare organizations. Temporary staffing helps maximize healthcare efficiency by meeting fluctuating needs and filling vacancies quickly.

The market is currently valued at US$ 58.01 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period of 2024 to 2031.

High demand for experienced personnel due to shortage of specialized healthcare professionals is driving the industry. Temporary staffing also helps healthcare facilities reduce costs by flexing personnel quickly in response to variability in patient volumes. Growing geriatric population and prevalence of chronic diseases are increasing workload at healthcare facilities and boosting demand for temporary staffing.

Key Takeaways

Key players operating in the temporary healthcare staffing are SOLIANT HEALTH, Envision Healthcare, Maxim Healthcare Services, CHG Management, Inc., Cross Country Healthcare, TeamHealth, Jackson Healthcare, Aureus Medical, LocumTenens, Trustaff, Aya Healthcare, Vibra Healthcare, Ample Healthcare, Acacium Group, SnapNurse, and AMN Healthcare. SOLIANT HEALTH is one of the leading player providing wide range of healthcare staffing services across US and Canada. Envision Healthcare offers temporary and permanent local staffing solutions customized to fulfill specific customers’ needs.

Growing demand for value-based and affordable care coupled with shortage of healthcare professionals is boosting Temporary Healthcare Staffing Market Size growth. The staffing agencies collaborate with hospitals, long-term care facilities, private practices, and community health centers to fulfill their requirements by providing experienced temporary staff.

Technological advancements including advanced analytics, automation, artificial intelligence, predictive analytics and virtual care solutions are helping healthcare service providers improve quality of care and maximize operating efficiencies. Staffing agencies are adopting digital healthcare platforms and mobile healthcare apps to streamline workflow and optimize placement of temporary workforce based on predictive demand modeling.

Market Trends

One of the key trends in the market is growing preference for travel nurse staffing. Travel nurses take short-term contracts for 13 weeks and help address staffing needs during employee vacations or turnover. Rapid deployments help fill positions quickly. Another emerging trend is increased demand for allied health professionals including physical therapists, occupational therapists, speech language pathologists on a temporary basis to supplement regular staff.

Market Opportunities

Shortage of healthcare workers post COVID-19 pandemic has opened significant opportunities for staffing agencies. There is high demand for travel nurses, respiratory therapists and other frontline workers on a temporary basis. Growing geriatric population afflicted with chronic diseases will further boost demand for allied health professionals. Virtual care models relying on telehealth present an opportunity to staff providers remotely on a temporary basis from anywhere.

Impact of COVID-19 on Temporary Healthcare Staffing Market
The COVID-19 pandemic has significantly impacted the growth of the temporary healthcare staffing market. There has been a surge in demand for temporary healthcare staffs such as nurses, physicians, respiratory therapists and other medical workers across hospitals and healthcare facilities globally due to the rising cases of infected patients.

Before the pandemic, temporary staffs were majorly hired to fill vacancies during peak seasons and in case of staff absence or turnover. However, with the onset of the pandemic, the demand rose manifold as existing healthcare workforce was overburdened and strained. Healthcare facilities required additional human resources on a temporary basis to handle both COVID and non-COVID patients. This amplified the dependence on temporary staffing agencies and freelancers to meet this unprecedented need.

Following the post-COVID recovery, the market is expected to continue growing steadily. While temporary recruitments spiked during the peak of the pandemic, healthcare systems have realized the importance and flexibility offered by contingent staffing. With the experience of two pandemic years, facilities are now more prepared to ramp up staffing levels quickly as and when another surge happens. They are also focusing on workforce optimization and contingency planning. This ensures stable demand for temporary healthcare professionals in the coming years. Agencies too will focus on training and credentialing more staff to be better equipped for future uncertainties. Overall, COVID-19 has highlighted the critical role of temporary healthcare staffing in bolstering the resilience of medical infrastructure.

Geographical Regions where Temporary Healthcare Staffing Market is concentrated
The temporary healthcare staffing market in terms of value is highly concentrated in United States. The country accounts for the largest share due to factors such as the world’s most expensive healthcare system, prevalence of contingent workforce, high wages and strong presence of key agencies. The staffing industry in the US is exceptionally well-developed to cater to the dynamic needs of hospitals, clinics as well as freelancers. United Kingdom and Canada also have considerable concentration of temporary healthcare staffing market. Overall, North America dominates over half the market owing to established models of outsourcing non-core medical functions and flexible workforce policies.

Fastest Growing Regional Market for Temporary Healthcare Staffing
Asia Pacific region is poised to be the fastest growing regional market for temporary healthcare staffing during the forecast period. Factors such as rapidly ageing populations, growing medical tourism, expanding healthcare infrastructure and shortage of domestic nurses are driving the demand across countries like India, China, Japan, Australia and South Korea. In particular, India offers immense opportunities with its huge talent pool and lower operating costs, attracting many global agencies to tap into this untapped potential. Overall, APAC represents one of the most lucrative future markets for temporary staffing companies to capitalize on, given the region’s exponential rise in healthcare spending and requirement of supplementary human resources.

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