Industry Analysis

Projected Post-Covid Market Size, Growth Rate, Estimated Number of Employees, and the Number of Companies/Businesses: Healthcare Staffing

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Market Size and Market Growth Rate

  • The global healthcare staffing industry was estimated to be valued between $30.3 billion and $31.8 billion in 2019.
  • The industry is estimated to grow at a compound annual growth rate of between 5.1% and 5.4%.
  • According to Grand View Research, ” a significant rise in the geriatric population has been one of the major contributors to market growth over the past few years.” An increase in awareness of temporary staffing benefits and availability of opportunities are among factors contributing to the growth of the industry.
  • The projected market size for the global healthcare staffing industry in 2022 is $33.47 billion (30.3 billion x (5.1/100 +1) ^2) and $35.33 billion (31.8 billion x (5.4/100 +1) ^2).
  • According to Staffing Industry Analysis, the United States healthcare staffing industry is valued at about $17.8 billion. It is expected to grow at a CAGR of 5%.

Number of Employees

  • According to IBIS World, the number of healthcare staffing employees in the United States in 2020 is 365,552. The number of employees is expected to grow by 2.2% in 2020.
  • Assuming that the number of healthcare staffing employees in the United States will continue growing at a CAGR of 4.1% between 2020 and 2022, the number of healthcare staffing employees is anticipated to reach 396,141 by 2022. This projected number was calculated using a reverse CAGR calculator. The starting value is 365,552 (2020), and the number of periods is 2 (years).

Companies/Businesses

  • According to IBIS World, the number of healthcare staff recruitment agencies in the United States in 2020 is 2,874. The number of businesses is expected to decline by 1.4% in 2020.
  • Assuming that the number of healthcare staff recruitment agencies in the United States will continue growing at a CAGR of 0.4% between 2020 and 2022, the number of healthcare staff recruitment agencies is anticipated to reach 2,897 by 2022. This projected number was calculated using a reverse CAGR calculator. The starting value is 2,874 (2020), and the number of periods is 2 (years).
GLENN TREVOR
Glenn is the Lead Operations Research Analyst at Simple Manifestation with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

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