Healthcare Personnel Market Forecast to 2028



The healthcare workforce market is expected to grow from US$34.76 billion in 2021 to US$51.28 billion by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The growth of the market is majorly attributed to the growing demand for medical devices and growing number of government initiatives.

New York, June 08, 2022 (GLOBE NEWSWIRE) — announces the publication of the report “Healthcare Staffing Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Service Type, and End Users” –
However, the shortage of nurses is hampering the growth of the healthcare personnel market.

In recent years, the global healthcare sector has faced challenges due to the lack of qualified practitioners. According to the World Health Organization (WHO), the sector lacked about 7.2 million health professionals in 2013, and the shortage is expected to reach 12.9 million by the end of 2035. United, about 50% of hospitals reported temporary hires. nurses in 2019, while more than 60% of hospital nurses were about to retire in 2019. According to WHO, a shortage of 7.2 million healthcare workers was reported worldwide in 2013, and that number is expected to reach 12.9 million by 2035. According to the United States Bureau of Labor Statistics, the average annual income of nurses was around US$75,000 in 2018. The recorded shortage of nurses is expected to open new opportunities for the growth of the healthcare personnel market in the near future. Moreover, the scarcity of healthcare professionals is expected to trigger the salaries of these professionals, in turn attracting more people to opt for healthcare careers.

Maintaining appropriate staffing in healthcare facilities is essential to providing a safe working environment for healthcare professionals and safe patient care. the reasons.

Thus, healthcare facilities should be prepared for possible staffing shortages and have plans and processes in place to mitigate these shortages. Therefore, they implement emergency capacity strategies, in collaboration with human resources and occupational health service providers.

In addition, the United States, which is the largest national market in the healthcare workforce, introduced the Affordable Care Act (ACA) in 2010. The act provides consumers with subsidies (“tax credits on premiums”) that reduce costs for households with income. between 100% and 400% of the Federal Poverty Level (FPL).

These regulations and acts imposed in some countries have had a huge impact on maximizing the utilization of healthcare.

The healthcare personnel market is segmented on the basis of type of service and end user. The market, based on type of service, is segmented into travel nurses, per diem nurses, supply staff, paramedics and others.

In 2021, the travel nurse staffing segment held the largest market share. However, the supply staffing segment is also expected to register the highest CAGR during the forecast period.

By end-user, the market is segmented into hospitals & clinics, pharma, customers, and government agencies. In 2021, the hospital and clinic segment held the largest market share.

However, the customer segment is expected to register the highest CAGR from 2021 to 2028.

Some of the major primary and secondary sources mentioned while preparing the Healthcare Personnel Market report are World Health Organization (WHO) and Government Healthcare Personnel Recruitment Agencies.
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