In good health: Continued growth in the healthcare sector will boost industry revenue

Over the five years to 2018, revenue for the Healthcare Staff Recruitment Agencies industry is estimated to increase. Much of this growth is the result of two factors: increasing demand for healthcare services, driven by a progressively aging US population with greater need for medical services; and a shortage of qualified physicians, nurses and other healthcare personnel. Although recruitment agencies in this industry provide placement services for physicians and full-time executive healthcare professionals, the majority of industry revenue is earned through the placement of temporary workers. Over the five years to 2023, continued growth in the healthcare sector, coupled with improvements in the overall labor market, will boost industry revenue...purchase to read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 13-18
7.3%
Forecast Growth 18-23
Profit
Employment
330,310
Businesses
5,282

Industry Threats & Opportunities

  • The majority of industry revenue is earned through the placement of temporary workers
  • To maintain specialized services available to patients, hospitals must hire qualified staff
  • The industry will benefit from the evolving needs of the aging baby boomer generation
  • Industry Report - Industry Locations Chapter

    Healthcare staff recruitment agencies are generally located in regions that reflect the spread of hospitals in the United States. Thus, industry locations closely follow the distribution of population and each region's geographic size. The regions accounting for the largest share of industry activity in 2018 are the Southeast (21.0% of industry establishments), the Mid-Atlantic (20.0%) and the West (18.1%).The states that hold the largest number of establishments and employment are California (14.7% of industry establishments), New York (10.5%), Texas (8.4%) and Florida (7.0%). California houses a significant number of industry establishments, as the state has roughly 350 hospitals containing more than 75,000 staffed beds. Sim...purchase to read more.

    Additional Insights for the Healthcare Staff Recruitment Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Healthcare Staff Recruitment Agencies Industry are

  • Having contacts within key markets
  • Ability to effectively communicate and negotiate
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Federal funding for Medicare and Medicaid in the Healthcare Staff Recruitment Agencies industry impact industry performance..

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    What's in this report

    What is the Healthcare Staff Recruitment Agencies Industry?

    Healthcare staff recruitment agencies list employment vacancies for individuals who work to improve others’ physical well-being and social functioning capacity. These companies also refer and place applicants for employment. Individuals who are referred or placed are not employees of the agencies. While temp workers remain employees of the recruitment agency, these agencies do not directly supervise their employees at the clients’ work sites.

    Industry Products
  • Allied staffing services
  • Per diem and travel nurse staffing
  • Locum tenens staffing
  • Industry Activities
  • Permanent placement services for physicians, nurses and healthcare professionals
  • Contract staffing services for nurses and healthcare professionals
  • Temporary staffing services for healthcare professionals
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • National unemployment rate

  • Current Performance
  • Demographic and healthcare trends
  • Physician and nurse shortages
  • Industry composition, employment and profit margins
  • Chart: Revenue Growth

  • Industry Outlook
  • Healthcare threat
  • Aging population and ongoing healthcare personnel shortages
  • Table: Healthcare Staff Recruitment Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Healthcare Staff Recruitment Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Healthcare and Social Assistance
  • Hospitals

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Office Supply Stores

  • Products & Services
  • Per diem and travel nurse staffing
  • Allied staffing services
  • Locum tenens staffing
  • Chart: Healthcare Staff Recruitment Agencies Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics

  • Major Markets
  • Hospitals, long-term and residential care
  • Physician offices, specialists (including dentists) and outpatients
  • Pharmaceutical and laboratory markets
  • Chart: Major Market Segmentation for the Healthcare Staff Recruitment Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Healthcare Staff Recruitment Agencies

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Healthcare Staff Recruitment Agencies Industry

  • Industry Globalization
    AMN Healthcare Services Inc., CHG Healthcare Services,
  • Table: AMN Healthcare Services Inc. - financial performance
  • Table: CHG Healthcare Services - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Healthcare Staff Recruitment Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Healthcare Staff Recruitment Agencies Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Health Expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    In-House
  • The opposite of outsourced. Performing a duty or task within the company itself, rather than through an outside source.
  • Locum Tenens
  • Person that temporarily fulfills the duties of another.
  • Ppaca
  • Patient Protection and Affordable Care Act.
  • Temp
  • An abbreviated term for a temporary worker.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Healthcare Staff Recruitment Agencies Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Healthcare Staff Recruitment Agencies industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Healthcare Staff Recruitment Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Healthcare Staff Recruitment Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Healthcare Staff Recruitment Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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