Overview
The medical recruitment market has seen a growing trend in recent years due to factors such as medical expenditure growth, an older population, and advances in medical technology, leading healthcare providers to face rising demand for qualified medical workers.
Market Growth and Size
The global medical recruitment market is expected to register healthy growth over the forecast period, owing to several factors. Some
- boost in expenditures for healthcare: More money is being spent on healthcare by governments and private individuals, driving up demand for medical professionals.
- The ageing population calls for more personnel in geriatrics and related medical fields due to more elderly patients.
- New medical technology: As medical technologies have advanced, more specialised skills are required.
- globalisation of healthcare: the globalisation of healthcare services has resulted into increased international recruitment of health workers.
Key Market Trends
Several key trends are shaping the medical recruitment market:
- Digitalisation: Online job boards, video interviewing and other tools are changing the way that recruitment works.
- Diversity and inclusivity – Perhaps more so than in other areas, diversity and inclusivity is a huge emphasis with organisations in healthcare recruiting diverse workforces and striving to meet the needs of a more multicultural society.
- Serial prescription of less potent opioids: Some of the evidence was weak, including serial prescription of less potent opioids – prescribing a drug like oxycodone prior to moving on to fentanyl.
- Skill shortages: lack of medical professionals in some specialties, for example, nursing and primary care, thus paving the way to increased demand for recruitment.
- Policy changes: Changing immigration policies and visa requirements can influence the supply of overseas physicians.
Competitive Landscape
Due to the high competitiveness of the medical recruitment market, the industry is composed by a combination of a global recruitment market for the agencies, private healthcare staffing companies and in-house recruitment teams. These companies include:
- Kelly Services: A global workforce solutions provider with a strong presence in healthcare recruitment.
- Randstad: A leading global HR services provider offering recruitment solutions for the healthcare sector.
- AMN Healthcare: A specialized healthcare staffing company.
- Jackson Healthcare: A healthcare staffing and workforce solutions provider.
- Cross Country Healthcare: A healthcare staffing company focused on temporary and contract staffing.
Market Forecast
The market is expected to witness a robust growth on account of the increasing healthcare expenditure, rising technological advancements, and the soaring medical professionals requirement. The Asia Pacific is projected to dominate the sector, followed by the North America and Europe.
FAQs
- What are the key factors driving the growth of the medical recruitment market?
o Increasing healthcare expenditure, aging population, advancements in medical technology, and globalization of healthcare.
- What are the major trends in the medical recruitment market?
o Digitalization, diversity and inclusion, remote work and telehealth, skill shortages, and regulatory changes.
- Who are the key players in the medical recruitment market?
o Key companies include Kelly Services, Randstad, AMN Healthcare, Jackson Healthcare and Cross Country Healthcare.
- What is the market size and growth rate of the medical recruitment market?
o The market size and growth rate varies with the region and specifc segment of the market, but overall the market is seen to show huge growth.
- What are the future prospects for the medical recruitment market?
o It is anticipated that the market for medical recruitment will grow over the next few years with the onset of technological advancements, rise in healthcare spending and changing nature of the healthcare sector.
Author's Bio:
Snigdha Jena
Senior Market Research Expert at The Insight Partners
