A Comprehensive Analysis on Medical Recruitment Market Report states 3.2% of CAGR with $11,435.1 Million Revenue Growth by 2027

Overview of Medical Recruitment Market

The research report titled ‘Medical Recruitment Market’ provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

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.

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Rising Numbers of Healthcare Centers

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.

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.

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.

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