Rising Adoption of eHealth Drives Growth of Healthcare Satellite Connectivity Market

According to our new research study on "Healthcare Staffing Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Service Type and End User," the healthcare staffing market is expected to grow from US$ 34.76 billion in 2021 to US$ 51.58 billion by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The report highlights trends prevailing in the market and factors regulating its growth. The market growth is mainly attributed to the increasing demand for physician extenders and the growing number of government initiatives. However, the shortage of nurses hinders the healthcare staffing market growth.

Countries across the world are experiencing late demographic and epidemiological transitions. For instance, in mid-2014, the average age in the UK exceeded 40 for the first time. By 2040, nearly one in seven people is projected to be aged over 75 in this country, according to gov.uk. The rising aging population is likely to reflect an increase in the prevalence of chronic medical conditions, multi-morbidities, cognitive impairments, and long-term frailty. Therefore, developing a healthcare service community with a prompt response and short turnaround time has become a priority in both developed and emerging countries.

The American Association of Colleges of Nursing (AACN) confirmed that nursing schools in the US turned away 80,407 applicants from baccalaureate and graduate nursing programs in 2019 due to insufficient nursing faculty and clinical instructors, among other factors. However, according to an article in the Nursing Times, the US Bureau of Labor Statistics projects that more than 275,000 additional nurses would be needed during 2020-2030. The organization predicted that the employment of registered nurses would grow by 9% from 2020 to 2030, accounting for ~194,500 job openings every year during this decade. The Affordable Care Act (ACA), legislated in 2010, expanded access to health insurance, entailing previously uninsured US residents, and brought modifications to the health insurance market. In 2021, the US Department of Health and Human Services reported that uninsured rates were successfully reduced in every state since the ACA was implemented. Consequently, more nurses are needed to provide high-quality patient-centered care when more residents seek medical attention.

Geographically, the healthcare staffing market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SCAM). North America held the largest market share in 2021. In Asia Pacific, China accounts for the largest market for healthcare staffing solutions. The market growth in Asia Pacific is mainly attributed to factors such as the government initiatives for the promotion and development of healthcare infrastructure, better access to healthcare services, and increasing demand for physician extenders. However, concerns regarding the scarcity of nurses hinder the market growth in India.

Envision Healthcare Corp., AMN Healthcare Inc., Cross Country Healthcare Inc., Jackson Healthcare (LocumTenens.Com), Adecco Group, Maxim Healthcare Services Inc., Favorite Healthcare Staffing Inc., Aya Healthcare Inc., Medical Solutions LLC, and CHG Healthcare Services are among leading companies operating in the healthcare satellite connectivity market.

The report segments the Healthcare Staffing Market as follows:

The healthcare staffing market, based on service type, is segmented into travel nurse staffing, per diem nurse staffing, locum tenens staffing, allied healthcare staffing, and others. The market, based on end user, is segmented into hospitals and clinics, pharma, clients, and government agencies. The healthcare staffing market, by geography, is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East and Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East and Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).

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