Per Diem Nurse Staffing Market: Emerging Trends and Industry Outlook

The global per diem nurse staffing market size was valued at USD 7.31 billion in 2018 and is expected to grow at a CAGR of 4.9% from 2019 to 2026.

The global Per Diem Nurse Staffing Market size is expected to reach USD 10.7 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.9% over the forecast period. The rise in the demand for healthcare facilities and the shortage of skilled staff are likely to drive the market growth.

According to the National Institute on Aging (NIA), a part of the National Institutes of Health (NIH), around 8% of the global population-about 617 million people-is aged 65 or older. The risk of diabetes and cardiovascular diseases increases with age, which results in a higher burden on the healthcare system. The increase in life expectancy has led to a rise in geriatric population, which is expected to continue to increase in the future. Hence, rising geriatric population is likely to lead to an increase in the demand for healthcare facilities. This is anticipated to drive the per diem nurse staffing in near future.

Huge demand for services due to cost-effectiveness for employers, shortage of skilled healthcare professionals, and preference for per diem nurses due to work flexibility are the factors likely to encourage the market growth in the forthcoming years. In addition, the less stringent regulations in emerging countries encourages temporary healthcare staffing, which is expected to drive the per diem nurse staffing market.

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Per Diem Nurse Staffing Market Report Highlights

• North America held the largest market share in 2018, due to high baby boomer population and increasing demand from hospitals. Factors such as lack of skilled professionals and continuously increasing demand for healthcare professionals are anticipated to further propel the growth
• Asia Pacific is expected to expand at the fastest CAGR during the forecast period, attributed to rising investments by major industry players coupled with growing popularity of per diem nurse staffing services
• The per diem nurse staffing market is fragmented in nature. Some of the key market players are Cross Country Healthcare; AMN Healthcare; GHR Healthcare; Maxim Healthcare Services; and ATC Healthcare
• Rise in strategic initiatives, such as mergers, acquisitions, and collaborations by the key market players to improve their network is anticipated to propel the market growth