Healthcare Staffing Market: An Overview

The global healthcare staffing market is likely to grow at a significant pace, thanks to rise in geriatric population across the globe. 

Healthcare staffing majorly refers to outsourcing of healthcare staff by third party vendors to the healthcare units. The facility helps healthcare units to avail staff without indulging into long recruitment process. Along with this, the facility also helps healthcare unit to focus on other important business aspects. The healthcare staffing is getting extreme popularity among hospitals, research centers and clinics. 

An upcoming report on global healthcare staffing market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover all the segments of healthcare staffing market.  Along with this, the report is anticipated to consists of vital data that will help indicating growth and latest trend in the global healthcare staffing market during the forecast period. 

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Healthcare Staffing Market: Notable Developments

Some of the recent development in the global healthcare staffing market are-

Healthcare staffing is a growing at fast pace in developing countries such as India. The business has now come into the radar of governmental bodies. In January 2017, Indian government drafted a bill that aims to regulate allied healthcare services. This will set standards in hiring healthcare professionals, and will help them enhance their education and practices. Such initiatives by government is expected to offer a significant push to the healthcare staffing market in the year to come.  

Healthcare Staffing Market: Key Trends

The global healthcare staffing market is likely to grow at healthy pace during the forecast period. This is mainly due to increasing participation of the medical professional to serve as locum. Such profession helps them get a better work life balance and allows them get a hands on experience on their desired skillset.

Apart from this, increase in number of healthcare unit, rise in pollution and growing budget in the healthcare industry are some other factors expected to drive the global healthcare staffing market.

However, dearth of skilled medical professional and limited facilities and professional commitment offered by the healthcare staffing are some other factors expected to restrain the global healthcare staffing market during the forecast period.

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Nevertheless, travel opportunities, flexible schedules, and short-term assignments offered by the global healthcare staffing to the medical professional are some benefits luring professionals to serve in healthcare staffing.

Healthcare Staffing Market: Regional Outlook

Based on geography the healthcare staffing market is divided into North America, Asia Pacific, Europe, and the Middle East and Africa. Among all these regions, North America is likely to hold a major share in the healthcare staffing market. This is mainly because of the presence of large pool of geriatric population in the region. Along with this, well developed healthcare infrastructure, favorable governmental policies and availability of medical coverage on healthcare staffing are some other factors expected to propel growth of healthcare staffing market in the region.

Healthcare Staffing Market: Competitive Landscape

The global staffing market represent a fragmented landscape with the presence of large number of players. Some of the prominent players operating in the market are Adecco Group, AMN Healthcare, Almost Family, CHG Management, Inc., Envision Healthcare Corporation, Cross Country Healthcare, Inc. and Maxim Healthcare Services, Inc.

These players are adopting several strategies such as merger and acquisition, business expansion and collaboration to concretize their market position. For instance, in 2017, Envision Healthcare Holdings, Inc. merged with AmSurg Corporation. This merger has helped both the companies to strengthen their foothold in the healthcare staffing market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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