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Global Clinical Staffing Services Industry Report: Analysis and Forecast 2022-2027

Global Clinical Staffing Services Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Clinical Staffing Services Industry Report

The global Clinical Staffing Services industry was valued to be worth USD 6.4 billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 6.5 percent, achieving a value of around USD 9.4 billion by 2027.

The Clinical Staffing Services industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Healthcare staffing services is a very growing sector due to the increase in the elderly population, and the growth in the availability of medical insurance for a bigger class of people. Also, the advancements in clinical technology have resulted in the formation of innovations like telehealth and medical information science. North America is the biggest category spender by region which is impelling the demand for the Clinical Staffing Services industry.

Clinical Staffing Services: Industry Definition and Segmentation

Scope

Clinical staffing services are the support offered to the pharmaceutical industry to recruit employees or workers for a variety of requirements such as clinical research operations, drug safety, and risk management, literature search services, clinical data management, and quality assurance. In other words, the firms existing in the pharmaceutical industry that take services through a contract from clinical staffing services companies as it helps in getting advantages such as budget gains because fall in the work required to determine suitable healthcare staff.

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The Clinical Staffing Services industry report comprises segments by:

  • Region – Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Snapshot of the Report

The regional market for the Contract Mining Services industry can be divided into North America, Europe, Asia Pacific, and Latin America.

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Category Drivers

  • The growing populace in the elderly section across the globe signifies one of the key reasons promoting the development of the market.
  • The rising consciousness about the benefits of short-term staffing, job-related incentives, and the availability of options in several countries are among the other drivers encouraging the advancement of the market.
  • Clinical staffing services are broadly utilised due to the expanding shortage of medical experts.
  • The staffing technique through clinical staffing services companies is faster and enables the recruiters globally to select from a diverse array of candidates.
    The soaring style of hiring travel nurses is creating favourable positions for the market.
  • The key competitors in the market are entering into mergers and acquisitions (M&A) activities to strengthen their current geographical existence and increase their share in the market.

Category Insight by Region

  • North America leads the international clinical staffing market in terms of its market share, because of the presence of major businesses, scarcity of skilled and trained staff as compared to the necessity in the market, and growing elder population.
  • The market leaders in the region are executing planned initiatives such as acquisitions, alliances, and unions to enlarge their network. Hence, development in infiltration is estimated to push the advancement of the market in the North American region.

Best Procurement Practices

The global Clinical Staffing Services industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by Clinical Staffing Services providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Analyses

The staffing field is constantly evolving, hence getting the appropriate candidate on board can be very difficult. With the assistance of clinical and healthcare staffing services, healthcare groups can settle this concern. These outsourcing companies or consultancies support their clients to enlarge their resources while continuing to be agile. Furthermore, the recruitment specialists and the right network in these outsourcing companies enable the assessment of the applicants on the basis of their qualifications, skills, and experience to authenticate their fitment for a particular job opening. There are commonly two types of hiring that the clinical staffing services provide – contractual hiring and direct placements.

Strategic Market Players Incorporated in the Global Clinical Staffing Services Industry Report

The prominent companies in the market are IQVIA Holdings Inc., Parexel International Corporation, Hays Plc., Randstad NV, and Syneos Health.

The industry report contains mergers and acquisitions, plant shutdowns, investments/divestments, capacity additions, and other latest developments in the market.

Also Check Other Industry Reports

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.