Per Diem Nurse Staffing market is expected to witness a CAGR of 4.5% during the forecast period. Certain factors that are driving the market growth include rising demand for healthcare facilities, lack of skilled healthcare staff, and growing preference for per diem nursing due to flexible work atmosphere.
Over the recent few years, per diem nursing has started being considered exciting and challenging, especially by those nurses who like the challenge of adapting quickly to a new environment. Also if a nurse is new to an area and is not sure which hospital to work at, Per diem nursing lets him or her get to know a variety of places before commiting to full-time employment. Furthermore, if someone has scheduling challenges because of family or school or other issues, per diem nursing can help him or her work around those. For instance, if one has a young child, a per diem schedule lets one have more convenience while working. Thus, the growing preference for per diem nursing is expected to drive the market growth over the forecast period.
Key Market Trends
Hospital is Expected to Hold Significant Market Share in the End User Segment
Hospitals usually have a huge workload and hence needs a large number of skilled healthcare providers. Owing to cost constraints and lack of properly skilled professionals, hospitals often use per diem nurses in order to cover staffing needs, as those needs may vary from week to week.
For instance, if an area has undergone a flu epidemic, a hospital might have a larger patient load than what it faces normally, but since the epidemic would usually drop down in a few weeks, appointing per diem nurses lets the hospital cover the epidemic without having to hire staff permanently for only a temporary need. In addition, having a group of good and skilled per diem nurses allows a hospital to cut their costs down by appointing such nurses only when they are needed.
North America Dominates the Market and Expected to do Same in the Forecast Period
The per diem nursing has been observing a significant rise in its demand and preference in North America owing to several factors. Especially in the United States, often the nurses want to choose the hospitals where they wish to work, which is allowed by working on a per diem basis. Moreover, per diem nurses are able to make their own schedules to meet the needs of their personal lives.
Per Diem nurses are never required to work a weekend or a holiday if they so choose. Their pay rate is also usually much higher than what regular staff nurses take home. Hence, the overall work culture in countries such as the US has accepted the per diem nursing services widely across the entire region.
The global Per Diem Nurse Staffing market is moderately competitive and consists of a number of major players. Companies like Accountable Healthcare Staffing, AMN Healthcare, ATC Healthcare, Cross Country Healthcare, Dedicated Nursing Associates (DNA), Favorite Healthcare Staffing, HealthTrust Workforce Solutions (HCA), Interim HealthCare, Maxim Healthcare Services, Supplemental Health Care, among others, hold the substantial market share in the Per Diem Nurse Staffing market.
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