Medical Recruitment Market SWOT Analysis and Recent Developments from 2019-2027

The global medical recruitment market accounted to US$ 8,684.50Mn in 2018 and is expected to grow at a CAGR of 3.2% during the forecast period 2019 – 2027, to account to US$ 11,435.1 Mn by 2027.

Asia Pacific accounted as the fastest growing region in the global medical recruitment market and was projected to grow at a faster pace over the forecast period. The medical recruitment market in the Asia Pacific region is estimated to be fastest growing among all the regions. The growth of the medical recruitment market is expected due to the rising numbers of the medical and other healthcare professional in the countries across the region. The market growth is also expected to grow due to the rising initiatives by the governments for the growth of medical professionals in the countries. Also, the development in the healthcare systems is also responsible for the growth of the market during the forecast period.

Company Profiles:-

Impellam Group
Everyday Health Group
CCM Recruitment International
TFS Healthcare
IMS Recruitment
CPL Healthcare
MASC Medical
Proclinical (ICS)
Euromotion
EGV

Market Insights

Rising Numbers of Healthcare Centers

Health is a significant aspect of quality of life, which directly affects our capacity to enjoy the experience of life and being free from illness or injury, health indirectly affects our capacity to produce and consume other valuable goods and services. The global healthcare sector is growing because as the aging populations, higher prevalence of chronic diseases, exponential advances in innovative, digital technologies these are the factors which continue to increase the health care demand and expenditures.

In US, the American Hospital Association (AHA) is the national organization which represents and serves different types of hospitals, healthcare networks, communities and their patients. Under this organization approximately 5,000 hospitals, healthcare systems, networks and other healthcare providers are included as members. Other than theses approximately 43,000 individual members forms the AHA.

According to the data shared by AHA in the 2018 edition states that, in the year 2016 there were approximately 5,534 hospitals registered in the US. Among the 5,534 hospitals 88% was held by the community hospitals (non-federal acute care), 4% was contributed by the federal government hospitals, 7% by non-federal psychiatric and 1% by the non-federal long term care hospitals. In US, approximately 62% of all community hospitals are in the urban regions. Therefore, it is expected that the significantly rising numbers of healthcare centers are estimated to boost demand for the healthcare professionals during the forecast period.

Growing Super Specialty and Multi-Specialty Hospitals

Multi-specialty hospitals are hospitals offering more than two special treatments in their hospitals whereas, super specialty hospitals offer newer and newer sub specialties for a specific disorder. The physicians in multispecialty hospitals possess degrees as MD medicine, MD dermatology, MS surgery and so on whereas, in super specialty the doctors are super specialists and have degrees like DM neurology, McH urology, DM gastroenterology, McH neurosurgery as in super specialists--who have education higher than a MD/MS.

Multi-specialty hospitals are single doorway to the patients’ health care needs. They offer wide range of treatment from new born to old aged population. These hospitals primarily focus on prevention, disease management and appropriate clinical interventions.

Both multi-specialty and super specialty hospitals provide and promote quality care in health & wellness at an affordable cost to the society. However, super specialty hospitals exist only in some countries and do not exist in other parts of the world. Thus, with growing healthcare needs and rising preference for specialized treatment, the super specialty and multi-specialty hospitals hold several opportunities to grow during the forecast period.

Candidature Insights

The global medical recruitment market by candidature segments was led by health professionals segment. In 2018, the health professionals segment held a largest market share of the medical recruitment market, by candidature. Health professionals has important role to play in increasing the access and quality health care for the population. They offer critical services to promote health, inhibit diseases, and deliver health care services. The services are provided to individuals, families, and communities, which is based on the first health care approach. Therefore, owing to the need and demand of advanced healthcare services, the number of healthcare professionals, it is likely to propel the growth of the market during the forecast period.

Exhibit: South and Central America Medical Recruitment Market, by Candidature

Medical Recruitment – MARKET SEGMENTATION

By Global Medical Recruitment Market – By Candidature

Health Professionals
Physicians
Health Information Technicians
Biological & Medical Scientists
Medical Social Workers
Medical Representatives
Other Candidatures

By Global Medical Recruitment Market – By Service

Managed Services
Consulting Services
Vendor Management
Recruitment Processes Outsourcing (RPO)
Recruitment Services
Permanent Position
Temporary Positio
Specialist Care Services
Homecare Services
Other Services

By Geography

North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)

Strategic Insights:-

Organic growth strategies were observed in global medical recruitment industry. The organic strategies which were conducted by the various market players in the medical recruitment market. For instance, in May 2019, Proclinical AG has expanded its presence to Basel. The company has utilized this strategy as opportunity to mark its presence. Also, rising demand for skilled R&D professionals from biopharmaceutical, pharmaceutical, medical device and clinical research organizations has enforced to use this strategy for growth in the market.