March 29, 2020
Medical Recruitmen

Medical Recruitment Market: Growth Analysis

The medical recruitment market is set to grow with a CAGR of 4.5% during the forecast period.

The global market for medical recruitment is driven by rising healthcare spending across the globe. There has been a significant increase in health spending over the last decade. Increasing personal disposable incomes and a growing need for quality healthcare services are driving healthcare spending around the globe.

The increasing prevalence of chronic diseases worldwide is driving the adoption of medical recruitment services. In addition, the increase in the employment of new workers is driving the growth of the market. Collaboration between public and private institutions for media and clinical research gives rise to the need for a skilled workforce, which drives the demand for a medical recruitment service.

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The market for medical recruitment is categorized on the basis of recruitment services, managed services, home care services and specialized care services. Recruitment industry accounted for a majority share of over 40% of revenue due to the increasing need for skilled workers among health institutions. On the other hand, the pharmaceutical industry is one of the major end-users of medical recruitment services. The growing pharmaceutical industry is driving market demand.

Asia Pacific is projected to be the most lucrative region for the medical recruitment market and anticipated to attain a CAGR of more than 5.8% during the forecast period. The growing healthcare industry in the region is propelling the growth of the market. The healthcare institutes are leveraging on the third party medical recruitment service to hire human resource. The rapidly growing pharmaceuticals market in the region is also presenting numerous opportunities for the growth of the market. Additionally, the increasing disposable income of the individuals and increasing focus on the health is augmenting the growth of the market.

The prominent vendors in the medical recruitments market are CHG Healthcare, AMN Healthcare, Accountable Healthcare Staffing, CPL Healthcare, Euromotion Medical, Aya Healthcare, EGV Recruiting, Medacs Healthcare, TFS Healthcare, IMS Recruitment, CCM Recruitment, Soliant Health, and ProClinical Recruitment.

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Segmentation
Service Segment (2017–2027; US$ Bn)
• Recruitment services
o Temporary positions
o Permanent positions
• Managed services
o Vendor management
o Recruitment process outsourcing (RPO)
o Consulting service
• Homecare services
• Specialist care services

Industry Verticals Segment (2017–2027; US$ Bn)
• Pharmaceuticals
• Medical devices
• Biotechnology
• Nursing/Healthcare
• Paramedical staff
• Scientific research
• Medical/clinical research
• Pharmacies
• Optometry
• Regulatory and quality
• Diagnostics
• Animal health

Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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