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Published: Aug, 2019 | Pages:
80 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
The U.S. healthcare staffing market is expected to reach USD 24.0 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 5.1% Increasing geriatric population is leading to rise in demand for healthcare services and shortage of nurses & other healthcare staff. Growing need for cost-effectivity of temporary staffing is likely to drive the market in the coming years. Increase in life expectancy has led to a rise in geriatric population, which is expected to continue to increase in the future. According to National Institutes of Health, the U.S. population of those 65 years and above is projected to nearly double from 48 million to 88 million by 2050. Aging population is expected to have a significant impact on healthcare delivery, because they are highly susceptible to lifestyle diseases or chronic conditions. More than 526,800 nurses will retire over the next few years, creating a demand-supply gap. According to the Association of American Medical Colleges, physician shortage is expected to range from 61,700 to 94,700 physicians by 2025. In addition, increasing need for home healthcare workforce, such as nutritionists, dieticians, therapists, nurses, and home care aides, is expected to aid growth. Shortage of physicians in the coming years is likely to drive the market in developed regions. According to the Association of American Medical Colleges (2010), the U.S. could face a shortage of 150,000 doctors in next 10 to 15 years. Further key findings from the study suggest: • The allied healthcare segment accounted for the largest revenue share in 2018. It includes physical therapists, medical technologists, occupational therapists, respiratory therapists, pharmacists, and phlebotomists. • The locum tenens segment is projected to witness fastest growth. This can be attributed to the cost-effectiveness for employers and increase in number of physicians choosing to work as locum tenens. • Some of the key players of U.S. healthcare staffing market are Envision Healthcare Corporation; AMN Healthcare; CHG Management, Inc.; Maxim Healthcare Services, Inc.; Cross Country Healthcare, Inc.; inVentiv Health; Almost Family; TeamHealth; and Adecco Group. • Mergers & collaborations and acquisitions are the key strategies being undertaken by the players to improve their market position. For instance, in May 2019, AMN Healthcare Inc. acquired Advanced Medical, a travel nurse provider across the U.S., to expand its clientele as well as number of healthcare professionals & employees. • In November 2018, Martin Healthcare Group was acquired by HNI Healthcare, Inc. Martin Healthcare Group is a private company dedicated to inpatient care and delivery of staffing solutions to acute and post acute care hospitals across Florida and Midwest, expanding its reach in the Midwest region of the U.S.
Table of Content Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.1.1 Service 1.1.2 Estimates and forecast timeline 1.2 Research Methodology 1.3 Information Procurement 1.3.1 Purchased database: 1.3.2 GVR'S internal database 1.3.3 Secondary sources: 1.3.4 Primary research 1.4 Information or Data Analysis 1.5 Market Formulation & Validation 1.6 Model Details 1.6.1 Commodity flow analysis (MODEL 1) 1.6.2 Volume price analysis (MODEL 2) 1.7 List of Secondary Sources 1.8 List of Primary Sources 1.9 List of Abbreviations 1.10 Objectives 1.10.1. Objective - 1: 1.10.2 Objective - 2: Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Segment Outlook 2.2.1 Service 2.3 Competitive Insights Chapter 3 Market Variables, Trends & Scope 3.1 Market Lineage outlook 3.1.1 Parent market outlook 3.2 Market Segmentation 3.3 Market Dynamics 3.3.1 Market driver analysis 3.3.2 Market restraint analysis 3.4 Penetration & Growth Prospect Mapping 3.4.1 Analysis 3.5 Business Environment Analysis Tools 3.5.1 SWOT analysis, by PESTEL 3.5.1.1 Political & legal 3.5.1.2 Economic 3.5.1.3 Technological 3.5.2 PORTER'S Five Forces Analysis 3.5.2.1 Bargaining power of buyers 3.5.2.2 Bargaining power of suppliers 3.5.2.3 Competitive rivalry 3.5.2.4 Threat of new entrants 3.5.2.5 Threat of substitutes 3.5.3 Major deals & strategic alliances analysis 3.5.3.1 Joint ventures 3.5.3.2 Mergers & acquisitions 3.6 Regulatory Framework Chapter 4 U.S. Healthcare Staffing Market: Service Analysis 4.1 U.S. Healthcare Staffing Market Share Analysis, 2018 & 2026 4.2 Segment Dashboard 4.3 U.S. Healthcare Staffing Market, by Service, 2018 to 2026 4.4 Market Size & Forecasts and Trend Analysis, 2015 to 2026 for the Service 4.4.1 Per diem nurse 4.4.1.1 Per diem nurse market, 2015 - 2026 (USD Million) 4.4.2 Travel nurse 4.4.2.1 Travel nurse market, 2015 - 2026 (USD Million) 4.4.3 Locum tenens 4.4.3.1 Locum tenens market, 2015 - 2026 (USD Million) 4.4.4 Allied healthcare 4.4.4.1 Allied healthcare market, 2015 - 2026 (USD Million) Chapter 5 Competitive Analysis 5.1 Strategic Framework/Competition Categorization (Key Innovators, Market Leaders, Emerging Players) 5.2 Vendor Landscape 5.2.1 Strategy mapping 5.3 Competitive Scenario 5.3.1 List of key emerging companies/technology 5.3.2 Company market position analysis (geographic presence, service portfolio, key alliance, industry experience) 5.4 Company Profiles 5.4.1 Envision Healthcare Corporation 5.4.1.1 Company overview 5.4.1.2 Financial performance 5.4.1.3 Service benchmarking 5.4.1.4 Strategic initiatives 5.4.1.5 SWOT analysis 5.4.2 AMN Healthcare 5.4.2.1 Company overview 5.4.2.2 Financial performance 5.4.2.3 Service benchmarking 5.4.2.4 Strategic initiatives 5.4.2.5 SWOT analysis 5.4.3 CHG Management, Inc. 5.4.3.1 Company overview 5.4.3.2 Financial performance 5.4.3.3 Service benchmarking 5.4.3.4 Strategic initiatives 5.4.3.5 SWOT analysis 5.4.4 Maxim Healthcare Services, Inc. 5.4.4.1 Company overview 5.4.4.2 Financial performance 5.4.4.3 Service benchmarking 5.4.4.4 Strategic initiatives 5.4.4.5 SWOT analysis 5.4.5 Cross Country Healthcare, Inc. 5.4.5.1 Company overview 5.4.5.2 Service benchmarking 5.4.5.3 SWOT analysis 5.4.6 inVentiv Health 5.4.6.1 Company overview 5.4.6.2 Service benchmarking 5.4.6.3 Strategic initiatives 5.4.6.4 SWOT analysis 5.4.7 Almost Family 5.4.7.1 Company overview 5.4.7.2 Financial performance 5.4.7.3 Service benchmarking 5.4.7.4 Strategic initiatives 5.4.7.5 SWOT analysis 5.4.8 TeamHealth 5.4.8.1 Company overview 5.4.8.2 Service benchmarking 5.4.8.3 Strategic initiatives 5.4.8.4 SWOT analysis 5.4.9 Adecco Group 5.4.9.1 Company overview 5.4.9.2 Service benchmarking 5.4.9.3 Strategic initiatives 5.4.9.4 SWOT analysis
List of Tables TABLE 1 List of secondary sources TABLE 2 List of abbreviations TABLE 3 List of market players TABLE 4 U.S. healthcare staffing market, by service, 2015 - 2026 (USD Million)
List of Figures FIG. 1 Market research process FIG. 2 Information procurement FIG. 3 Primary research pattern FIG. 4 Market research approaches FIG. 5 Value chain based sizing & forecasting FIG. 6 QFD modeling for market share assessment FIG. 7 Market summary, 2018 FIG. 8 U.S. healthcare staffing: market segmentation FIG. 9 U.S. healthcare staffing market revenue, (USD Million), 2015 - 2026 FIG. 10 U.S. healthcare staffing: Market dynamics FIG. 11 Key opportunities prioritized FIG. 12 U.S. healthcare staffing market: Porter's analysis FIG. 13 U.S. healthcare staffing market: PESTEL analysis FIG. 14 U.S. healthcare staffing market share, by service, 2018 & 2026 FIG. 15 Per diem nurse market, 2015 - 2026 (USD Million) FIG. 16 Travel nurse market, 2015 - 2026 (USD Million) FIG. 17 Locum tenens market, 2015 - 2026 (USD Million) FIG. 18 Allied healthcare market, 2015 - 2026 (USD Million)
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