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Global Medical Recruitment Market to reach USD XX billion by the end of 2030

Global Medical Recruitment Market Size Study & Forecast, by Services (Recruitment Services, Managed Services, Homecare Services, Specialist Care Services), by Industry Verticals (Pharmaceuticals and Biotechnology, Medical Devices, Nursing/Healthcare, Other Industry Verticals), and Regional Analysis, 2023-2030

Product Code: HLSHS-22205177
Publish Date: 10-03-2024
Page: 200

Global Medical Recruitment Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.2% during the forecast period 2023-2030. Medical recruitment is the process of sourcing, evaluating, and hiring qualified healthcare professionals to fill positions within healthcare organizations. It involves identifying staffing needs, advertising job openings, screening candidates, conducting interviews, verifying credentials, and negotiating employment terms. Medical recruitment ensures that healthcare organizations have the necessary personnel to deliver high-quality patient care and support clinical operations. This process is managed internally by human resources departments or outsourced to specialized medical recruitment agencies, which play a crucial role in connecting healthcare organizations with skilled candidates and ensuring compliance with industry regulations. The Medical Recruitment Market is expanding because of factors such as the globalization of the healthcare workforce and the surge in the need for healthcare services across the globe. The escalating shortage of healthcare professionals within the healthcare sector highlights the growing requirement for medical recruitment services. This growing global demand for healthcare services, propelled by the increasing prevalence of chronic diseases is amplifying the need for a greater number of healthcare professionals.

In addition, the rising R&D investments from biopharmaceutical companies are acting as a catalyzing factor for market growth across the globe. There has been a significant surge in R&D spending and the rollout of new drugs in developed nations. For instance, European pharmaceutical companies allocated an estimated EUR 41,500 million (USD 45,213 million) for R&D in 2021, as per EFPIA data. This substantial R&D expenditure is anticipated to propel market expansion, as it increases the involvement of medical professionals in research development, testing, and scaling initiatives. Thus, these aforementioned factors are propelling the growth of the Medical Recruitment Market during the estimated period of 20230-2030. Moreover, the increase in the number of government initiatives, as well as the rising adoption of new technologies present various lucrative opportunities over the forecast years. However, the stringent data privacy regulations and the rising cost of skilled healthcare workers are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Recruitment Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the introduction of advanced healthcare facilities, a rising number of healthcare service providers, and increased healthcare funding in the region. For instance, in February 2022, Hackensack Meridian Health initiated the “Hospital at Home” program at JFK University Medical Center in Edison, New Jersey. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing geriatric population, expansion of healthcare facilities, as well as growing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular diseases are significantly propelling the market demand across the region.

Major market players included in this report are:
ProClinical Limited
AMN Healthcare
Aya Healthcare Inc.
CCM Recruitment International
CHG Management Inc.
CPL Healthcare
EGV Recruiting
Euromotion Medical
IMS Recruitment
Medacs Global Group Limited

Recent Developments in the Market:
Ø In March 2023, Medwing- a European startup focused on developing a recruitment platform tailored for healthcare professionals raised USD 47 million during its Series C funding round. The platform is presently operational in Germany and the U.K., boasts around 5,500 registered medical employers and serves a community of 500,000 healthcare professionals.
Ø In June 2022, Preclinical expanded its global presence by inaugurating a new office in Cardiff, UK, further enhancing its network of offices worldwide. This strategic move underscores the company’s steadfast commitment to fostering collaboration with Europe and other regions across the globe.
Ø In May 2022, AMN Healthcare completed the acquisition of Connetics USA, a renowned international recruitment company specializing in direct hire placements for nurses and allied professionals.

Global Medical Recruitment Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Services, Industry Verticals, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Services:
Recruitment Services
Managed Services
Homecare Services
Specialist Care Services

By Industry Verticals:
Pharmaceuticals and Biotechnology
Medical Devices
Other Industry Verticals

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Medical Recruitment Market, by Region, 2020-2030 (USD Billion)
1.2.2. Medical Recruitment Market, by Services, 2020-2030 (USD Billion)
1.2.3. Medical Recruitment Market, by Industry Verticals, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Recruitment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Recruitment Market Dynamics
3.1. Medical Recruitment Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing globalization of the healthcare workforce Rising R&D investments from biopharmaceutical companies
3.1.2. Market Challenges Rising cost of skilled healthcare workers Stringent data privacy regulations
3.1.3. Market Opportunities Increase in number of government initiatives Rising adoption of new technologies
Chapter 4. Global Medical Recruitment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Recruitment Market, by Services
5.1. Market Snapshot
5.2. Global Medical Recruitment Market by Services, Performance – Potential Analysis
5.3. Global Medical Recruitment Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
5.4. Medical Recruitment Market, Sub Segment Analysis
5.4.1. Recruitment Services
5.4.2. Managed Services
5.4.3. Homecare Services
5.4.4. Specialist Care Services
Chapter 6. Global Medical Recruitment Market, by Industry Verticals
6.1. Market Snapshot
6.2. Global Medical Recruitment Market by Industry Verticals, Performance – Potential Analysis
6.3. Global Medical Recruitment Market Estimates & Forecasts by Industry Verticals 2020-2030 (USD Billion)
6.4. Medical Recruitment Market, Sub Segment Analysis
6.4.1. Pharmaceuticals and Biotechnology
6.4.2. Medical Devices
6.4.3. Nursing/Healthcare
6.4.4. Other Industry Verticals
Chapter 7. Global Medical Recruitment Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Medical Recruitment Market, Regional Market Snapshot
7.4. North America Medical Recruitment Market
7.4.1. U.S. Medical Recruitment Market Services breakdown estimates & forecasts, 2020-2030 Industry Verticals breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Medical Recruitment Market
7.5. Europe Medical Recruitment Market Snapshot
7.5.1. U.K. Medical Recruitment Market
7.5.2. Germany Medical Recruitment Market
7.5.3. France Medical Recruitment Market
7.5.4. Spain Medical Recruitment Market
7.5.5. Italy Medical Recruitment Market
7.5.6. Rest of Europe Medical Recruitment Market
7.6. Asia-Pacific Medical Recruitment Market Snapshot
7.6.1. China Medical Recruitment Market
7.6.2. India Medical Recruitment Market
7.6.3. Japan Medical Recruitment Market
7.6.4. Australia Medical Recruitment Market
7.6.5. South Korea Medical Recruitment Market
7.6.6. Rest of Asia Pacific Medical Recruitment Market
7.7. Latin America Medical Recruitment Market Snapshot
7.7.1. Brazil Medical Recruitment Market
7.7.2. Mexico Medical Recruitment Market
7.8. Middle East & Africa Medical Recruitment Market
7.8.1. Saudi Arabia Medical Recruitment Market
7.8.2. South Africa Medical Recruitment Market
7.8.3. Rest of Middle East & Africa Medical Recruitment Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. ProClinical Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. AMN Healthcare
8.3.3. Aya Healthcare Inc.
8.3.4. CCM Recruitment International
8.3.5. CHG Management Inc.
8.3.6. CPL Healthcare
8.3.7. EGV Recruiting
8.3.8. Euromotion Medical
8.3.9. IMS Recruitment
8.3.10. Medacs Global Group Limited
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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