Healthcare staffing involves recruiting and employing healthcare professionals including nurses, therapists, physicians, and allied health professionals by healthcare staffing firms and placing them at healthcare facilities. Healthcare staffing helps healthcare facilities to address the shortage of healthcare professionals and variable staffing needs. It ensures healthcare facilities have adequate staff without additional overhead of full-time employees. Healthcare staffing also allows professionals to choose flexible work arrangements.

The global Healthcare Staffing Market is estimated to be valued at US$ 45.53 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
The shortage of healthcare professionals is expected to drive the growth of the Healthcare Staffing Market. Various factors such as increasing geriatric population needing medical care, rising prevalence of chronic diseases, emigration of professionals to developed countries, and change of employment preferences of younger generation are contributing to the shortage of healthcare professionals globally. According to the World Health Organization (WHO), there is a global shortage of over 18 million healthcare workers. Healthcare staffing helps healthcare facilities to address this shortage by providing them flexible workforce on temporary or contract basis without incurring additional costs of permanent staff. This is expected to increase the demand for healthcare staffing during the forecast period.

Porter's Analysis
Threat of new entrants: The Healthcare Staffing Market requires significant capital investments and regulations pose barriers to entry.
Bargaining power of buyers: Buyers have significant bargaining power due to the availability of many players and substitutes.
Bargaining power of suppliers: A few large companies supply nurses and other healthcare professionals globally with specialized skills leading to some supplier power.
Threat of new substitutes: Technology advances enable new staffing models but many roles still require in-person support limiting substitutes.
Competitive rivalry: The market is highly fragmented with local and global players competing on service quality and pricing.

SWOT Analysis
Strengths: Growing demand for healthcare staffing due to aging populations and physician shortages. Regulatory requirements increase needs.
Weaknesses: Rising costs, wage inflation, scarcity of experienced professionals in some locations and specialties. Lack of standardized skillsets adds complexity.
Opportunities: Emerging markets offer high growth. Technology enables new delivery models.
Threats: Economic downturns impact demand. Nationalized systems alter industry structure in some countries.

Key Takeaways
Global Healthcare Staffing Market Size is expected to witness high growth over the forecast period. Regulatory changes drive the need for qualified medical professionals globally.

The North American region currently dominates the global market due to advanced healthcare systems and progressive changes. Key players operating in the Healthcare Staffing Market are UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc..

Key players operating in the Healthcare Staffing Market are UFP Technologies, Inc., ESCO Technologies Inc., Huhtamaki Oyj, Brodrene Hartmann A/S, Henry Molded Products, Inc., ProtoPak Engineering Corporation, EnviroPAK Corporation, Pacific Pulp Molding, LLC, Keiding, Inc., FiberCel Packaging, LLC, Guangxi Qiaowang Pulp Packing Products Co, Ltd. and Guangzhou NANYA Pulp Molding Equipment Co., Ltd.

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