Healthcare Recruitment DAO
Updated: Dec 13, 2022
The WHO estimates that there is a global shortage of 4.3 million physicians, nurses, and other health professionals.
England alone would need the equivalent of an additional 46,300 full time doctors simply to reach an equivalent standard with today’s OECD EU average of 3.7 doctors per 1,000 people.
Data published in 2020 by the Association of American Medical Colleges estimates that the U.S. could see a shortage of 54,100 to 139,000 physicians by 2033.
These shortages are buffered by hardworking staff, sometimes internally but increasingly through external agencies.
The global healthcare staffing market size is expected to reach USD 62.8 billion by 2030, with a CAGR of 6.89%. Higher flexibility of working hours, better pay and greater exposure to various healthcare systems across different locations are factors expected to result in an increase in the number of individuals choosing locum tenens as a career option.
One in every thirty UK locums, for example, earns £120 per hour, almost £110 more than the average £10.88 paid to a full time GP, with the average needing to work far fewer hours than substantive post holders to match monthly earnings.