The Per Diem Nurse Staffing Market is expected to witness substantial growth over the coming decade, with its size anticipated to reach approximately USD 16.4 billion by 2033, a significant rise from its 2023 valuation of USD 8.7 billion. This growth is projected at a Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2033. Several factors contribute to this growth, including the increasing demand for flexible staffing solutions in healthcare, the rising number of healthcare facilities, and the need to manage fluctuating patient volumes.
However, the market faces challenges such as the shortage of skilled nursing professionals and the high costs associated with per diem staffing. Recent developments in this market include advancements in staffing technology and platforms that streamline the hiring process, improving efficiency and matching qualified nurses with healthcare providers effectively. The continuous evolution of healthcare policies and the growing emphasis on quality patient care further drive the market’s expansion.
Key Takeaways
- Market Growth: The Per Diem Nurse Staffing Market is projected to reach USD 16.4 billion by 2033, with a CAGR of 6.5% from 2024 to 2033.
- Healthcare Facility Dominance: Hospitals held a 68.3% market share in 2023, with General and Specialty Hospitals driving demand for per diem nurses.
- Specialization Impact: Medical-Surgical Nursing accounted for 41.66% of the market in 2023, indicating strong demand for specialized nursing services.
- Shift Preference: Rotating Shifts represented 53.2% of the market share in 2023, highlighting adaptability to varying patient needs throughout the day.
- Experienced Workforce: Experienced Nurses held a 43.5% market share in 2023, catering to diverse healthcare needs.
- Key Market Segments: The market includes segments like Type of Healthcare Facility, Specialty, Shift Timing, and Nurse Experience Level, offering diverse solutions.
- Financial Advantages: Per diem nurse staffing can reduce labor costs by 30%, making it a financially viable option for healthcare institutions.
- Regulatory Challenges: 55% of per diem nurses possess only one license, reflecting complex regulatory challenges in the industry.
- Technological Adoption: AI and data analytics improve efficiency, with the American Hospital Association emphasizing technology’s role in care delivery.
- Regional Dominance: North America led with a 50.8% market share in 2023, driven by advanced healthcare infrastructure and economic stability.
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Per Diem Nurse Staffing Market Key Segments
Type of Healthcare Facility
- Hospitals
- General Hospitals
- Specialty Hospitals (e.g., Pediatric, Cardiac)
- Nursing Homes
- Clinics
- Others
Specialty
- Medical-Surgical Nursing
- Critical Care Nursing
- Emergency Department Nursing
- Pediatric Nursing
- Oncology Nursing
- Others
Shift Timing
- Day Shift
- Night Shift
- Rotating Shifts
Nurse Experience Level
- Entry-Level Nurses
- Experienced Nurses
- Specialized Nurses
Key Regions
- North America (The US, Canada, Mexico)
- Western Europe (Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, Rest of Western Europe)
- Eastern Europe (Russia, Poland, The Czech Republic, Greece, Rest of Eastern Europe)
- APAC (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of APAC)
- Latin America (Brazil, Colombia, Chile, Argentina, Costa Rica, Rest of Latin America)
- Middle East & Africa (Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, Rest of MEA)
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Key Players Analysis
Cross Country Healthcare is a prominent player in the per diem nurse staffing market. The company provides a wide range of staffing solutions, including per diem, travel, and permanent placement of nurses and allied healthcare professionals. They focus on meeting the fluctuating demands of healthcare facilities and ensuring high-quality patient care through their extensive network of skilled professionals. Their recent initiatives include partnerships aimed at increasing diversity in nursing through scholarships and support for underrepresented groups.
HealthTrust Workforce Solutions, part of HCA Healthcare, offers comprehensive staffing solutions to various healthcare providers. They specialize in per diem staffing, ensuring that hospitals and clinics can efficiently manage their workforce needs. The company’s strategic use of data analytics and a robust network of healthcare professionals enables them to deliver flexible and scalable staffing solutions. Their services are tailored to address the critical staffing shortages and optimize operational efficiency in healthcare settings.
Maxim Healthcare Group provides a broad spectrum of healthcare staffing services, including per diem nurse staffing. They emphasize the importance of adaptability and responsiveness to the dynamic needs of healthcare facilities. By leveraging technology and maintaining a large pool of qualified nurses, Maxim ensures that healthcare providers can meet patient care demands promptly. Their focus on personalized service and quality assurance sets them apart in the competitive staffing market.
Supplemental Health Care is known for its innovative approach to nurse staffing, including per diem solutions. The company partners with various healthcare facilities to provide flexible staffing options that meet immediate and long-term needs. Their recent collaboration with the National Black Nurses Association highlights their commitment to supporting nursing education and addressing workforce shortages. This partnership aims to reduce nursing shortages by providing financial support to nursing students, thereby ensuring a steady supply of qualified nurses.
Accountable Healthcare Staffing offers comprehensive per diem staffing services, focusing on delivering high-quality nursing care. The company leverages its extensive network of healthcare professionals to meet the fluctuating needs of hospitals, clinics, and other healthcare facilities. Their commitment to flexibility and quality makes them a reliable partner for healthcare providers seeking to optimize their staffing levels and improve patient outcomes.
The per diem nurse staffing market continues to grow, driven by the need for flexible and cost-effective staffing solutions in healthcare. Companies like Cross Country Healthcare, HealthTrust Workforce Solutions, Maxim Healthcare Group, Supplemental Health Care, Accountable Healthcare Staffing and Other Key Players play crucial roles in addressing these needs, ensuring that healthcare facilities can maintain optimal patient care amidst varying demands.
Per Diem Nurse Staffing Market Key Players:
- Cross Country Healthcare
- Health trust Workforce Solutions
- Maxim Healthcare Group
- Supplemental Health Care
- Accountable Healthcare Staffing
- AMN Healthcare
- Nurse Staffing LLC
- GHR Healthcare
- Interim HealthCare Inc.
- CareerStaff Unlimited
Per Diem Nurse Staffing Market Report Scope >> Market Value (2023): USD 8.7 Billion || Forecast Revenue (2033): USD 16.4 Billion || CAGR (2024-2033): 6.5% || Base Year Estimation: 2023 || Historic Period: 2019-2022 || Forecast Period: 2024-2033.
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