Advisory firm Mordor Intelligence, which has recently offered to market a “Medical Recruitment Market Size and Share Analysis – growth trends and forecasts” report, estimates that the medical recruitment market segment will see a compound annual growth rate of 3.2 percent between 2023 and 2028.
According to their research, “the surge in demand for medical professionals across the globe, rising numbers of healthcare services, and rising [growth in] healthcare centres (such as super speciality and multi-speciality hospitals)” is expected to swell this market growth in the near future.
Another factor they cite in the report, which is likely to drive demand for healthcare services of all kinds, is the growing geriatric population – who as a group are more vulnerable than the general population to a range of “metabolic and lifestyle disorders, diminished bodily functions, cognitive impairment, and [reduced] mobility”, reveal the authors. Their research concurs with that of the UN Department of Economics and Social Affairs, who in 2022/2023 revealed that the current global population of 771 million individuals aged 65 and over was likely to increase to 994 million by 2030 and 1.6 billion by 2050.
While this research, and others taking place into the medical recruitment market and its potential bodes well for those investigating medical jobs, either in their own region or elsewhere, a significant issue has been raised: that of a general shortfall of available talent.
Reasons for the shortfall
According to Passmed, a platform developed by doctors to help students excel in their exams and reach their career goals, just a few of the reasons leading to the global shortage – which is currently at 7 million and could rise to 13 million by 2035 – include:
Ways to boost the crisis-level shortage
Just one of a plethora of global consulting firms seeking solutions to the critical shortage in healthcare workers, PwC’s blend of human-resource and IT-related measures include: