"Increasing Shortage of the Healthcare Professionals Is Driving the Medical Recruitment Market"

Globally, the medical recruitment market is expected to grow with a CAGR of 4.5% during the forecast period from 2023 to 2030. The increasing shortage of the healthcare professionals across the healthcare industry is augmenting the demand for the medical recruitment services. The growing demand for the healthcare services across the globe due to increasing prevalence of the chronic diseases is giving rise to the requirement of the healthcare professionals. To address this challenge, the healthcare organizations are outsourcing their recruitment services to third party recruitment services providers to hire healthcare professionals. These medical recruitment companies offer human resources to the healthcare institutes in exchange of a fee. This allows healthcare institutes to focus on their core business functions. Furthermore, growing healthcare spending along with the rising population-employment ratio is driving the growth of the market.

"Nursing/Healthcare Is Dominating The Medical Recruitments Market"  

The medical recruitment service is being widely used across several industry vertical including pharmaceuticals, biotechnology, nursing/healthcare, paramedical staff, scientific research, medical/clinical research, pharmacies, optometry, regulatory & quality, diagnostics, and animal health. The nursing/healthcare sector led the market landscape with more than 30% share in the revenue, and is estimated to maintain its dominance during the forecast period. The growing need for the healthcare professionals across the globe is the primary factor driving the adoption of the medical recruitment services across the nursing/healthcare institutes.   

"North America Is Leading the Medical Recruitment Market"

North America led the medical recruitment market with majority share of over 35% of the revenue in 2020. The growth of the market is driven by the rising shortage of the medical professionals across the region. The increasing collaboration activities between the medical recruitment companies and the education institutes to train and hire human resources are further accelerating the growth of the market. Furthermore, the growing pharmaceuticals market in the region is driving the growth of the market.

The key players in the medical recruitment market are Accountable Healthcare Staffing, AMN Healthcare, Aya Healthcare, CHG Healthcare, CCM Recruitment, CPL Healthcare, EGV Recruiting, Euromotion Medical, IMS Recruitment, Medacs Healthcare, ProClinical Recruitment, Soliant Health and TFS Healthcare.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Medical Recruitment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Medical Recruitment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Medical Recruitment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Medical Recruitment market?
• Which is the largest regional market for Medical Recruitment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Medical Recruitment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Medical Recruitment market worldwide?