The global Per Diem Nurse Staffing Market size is expected to reach USD 11.1 billion by 2028, registering a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. Higher demand for medical-surgical nurses & increased utilization of staffing agencies, and the rising demand for family nurse practitioners are driving the market. The rising geriatric population leads to an increase in the number of hospital admissions, which is another key factor boosting the market growth.
Moreover, the spread of infectious diseases,
especially during flu season, is an important factor resulting in a sudden
increase in the number of hospital admissions, thereby creating the need for
additional nursing staff. For example, according to the Centers for Disease
Control and Prevention (CDC), an estimated 959,000 people were hospitalized
because of the 2017-2018 influenza season in the U.S. Similarly, the 2018-2019
flu season accounted for 69,000-84,000 hospital admissions in the U.S.
Such temporary need for an additional nurse workforce
can be easily fulfilled by per diem nurses, thereby augmenting the market
growth. The COVID-19 pandemic has increased the pressure on the medical
workforce. With hospitals being overburdened with COVID-19 patients, the demand
for per diem nurse staffing is increasing exponentially. At this point, the
main aim of healthcare facilities is to deploy the maximum number of medical
staff for the management of COVID-19 patients.
Thus, the pandemic is driving market growth. With more
patients being hospitalized, more nurses are required for the care, which is
impelling the need for temporary nurses. According to June Pulse Survey by
Staffing Industry Analysts (SIA), the demand for pre diem staffing increased by
6% during the COVID-19 pandemic. However, lower job security and stringent
regulations are creating negativity in nurses to work as per diem nurses, which
is a big challenge to the market.
Related Press Release@ Per Diem Nurse Staffing Market Report
Per Diem Nurse Staffing Market
Report Highlights
- A significant rise in the number of government & nongovernment
hospitals, acute care centers, long-term care centers, and other types of
healthcare facilities is anticipated to fuel the market growth
- North America dominated the global market in 2020 due to the
presence of the target population and high demand for nurses
- Countries like the U.S. have good insurance coverages that make
home nurse service, which is usually of per diem type, affordable
- Asia Pacific is expected to witness the fastest CAGR during the
forecast period on account of rising investments by major players due to
the growing popularity of per diem services
- Partnerships and M&As have been the most used strategies in
this highly competitive market. For instance, AMN healthcare in 2018
acquired Leader for Today and Philips DiPisa to use their placement
expertly
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in San Francisco. The company provides syndicated research reports, customized
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