The market is expected to enjoy a valuation of US$ 23.2 Billion by the end of the year 2023, and further expand at a CAGR of 4.6% to reach a valuation of ~US$ 36.5 Billion by the year 2033. According to the recent study by Future Market Insights, healthcare professionals are leading the market by candidature with an expected share of about 43.8% in the year 2023, within the market.
Market Outlook
| Data Points | Market Insights |
|---|---|
| Market Value 2022 | US$ 22.1 Billion |
| Market Value 2023 | US$ 23.2 Billion |
| Market Value 2033 | US$ 36.5 Billion |
| CAGR 2023 to 2033 | 4.6% |
| Market Share of Top 5 Countries | 93.3% |
| Key Market Players | Medacs Healthcare PLC; Euromotion Medical; CPL Healthcare; ProClinical Recruitment; TFS Healthcare; EGV Recruiting; CCM Recruitment International Limited; and IMS Recruitment Ltd. |
Western Europe medical recruitment market revenue accounts for around 12.0% share of the recruitment industry. Just like any other profession, healthcare jobs such as hospital doctors, nurses, dentists, etc., also are sourced through medical recruitment processes.
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Western Europe Medical recruitment market hold around 56.2% of the global healthcare staffing market valued at US$ 39.3 Billion in 2022.
The sale of Western Europe medical recruitment expanded at a CAGR of 5.1% from 2017 to 2022.
The healthcare industry has become one of the most prominent and profitable industries in the world and this has created many new opportunities in the market for individuals as well as major companies. The most in-demand healthcare jobs are hospital doctors, nurses, dentists, surgeons, etc.
As the importance of healthcare increases, so does the need for individuals to deliver healthcare services, and this is what majorly drives the medical recruitment market across the world, including Western Europe.
The healthcare sector in Western Europe is expected to see some major developments as it has been seeing a substantial rise over the past few years. Medical recruitment demand growth in Western Europe is expected to be driven by factors such as increasing prevalence of chronic diseases, growth in the pharmaceutical sector, emergence of new pharmaceutical facilities in the region, rising research & development, increasing demand for employment, etc.
A competitive healthcare education system and a long medical curriculum might lower student enrolment, and this could adversely affect the medical recruitment industry in the region.
Thus, owing to the aforementioned factors, the Western Europe medical recruitment market is expected to grow at a CAGR of 4.6% during the forecast period from 2023 to 2033.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 4.46% |
| Jul to Dec (H2), 2021 (A) | 5.75% |
| Jan to Jun (H1),2022 Projected (P) | 3.73% |
| Jan to Jun (H1),2022 Outlook (O) | 4.14% |
| Jul to Dec (H2), 2022 Outlook (O) | 5.98% |
| Jul to Dec (H2), 2022 Projected (P) | 5.51% |
| Jan to Jun (H1), 2023 Projected (P) | 4.36% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | 41↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 32↓ |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | 47↑ |
| BPS Change: H2, 2022 (O) - H2, 2021 (A) | 23↑ |
Principal Consultant
Western Europe medical recruitment industry insights provide market statistics for countries such as Germany, the United kingdom France, Sweden, BENELUX, Norway, and Denmark.
Of all the countries covered in the Western Europe medical recruitment market research report, theUnited kingdom leads with the highest market share and is expected to keep up the dominance through the forecast period. Government initiatives and the presence of major recruitment providers are expected to favour the medical recruitment space in the United kingdom
Followed by the United kingdom is the medical recruitment demand in Germany, which provides a lucrative setting for medical recruitment services. Demand is expected to be significantly higher from the rural regions of Germany as compared to their urban counterparts. The market for medical recruitment in France is expected to be the third largest in the Western European region.
Medical recruitment in the BENELUX region is expected to exhibit moderate growth over the forecast period. The Sweden and Norway medical recruitment markets are expected to rise at similar CAGRs, but Sweden is predicted to have a larger market presence in Europe.
The Denmark medical recruitment market is expected to hold the lowest market share of all, but is expected to provide good growth opportunities for medical recruitment providers over the coming years.
The world saw a major pandemic rise in the first quarter of 2020 and it has not been the same ever since. Coronavirus infections spread across the world and created a demand for healthcare like never seen before. The healthcare institutions saw workload like never before and the demand for medical recruitment skyrocketed in the pandemic.
The workload on healthcare institutions has substantially increased in the pandemic and is expected to follow a similar trend in the post-pandemic era as well. Western Europe medical recruitment market is expected to see steady progress over the forecast period as the region sees more need of medical professionals to keep its healthcare infrastructure functioning at its best capabilities.
Medical recruitment providers are expected to have more opportunities as new healthcare facilities and institutions are established across Western Europe. The shortages of healthcare workers and professionals in the region are also expected to help boost the medical recruitment services demand.
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| Country | United kingdom |
|---|---|
| 2023 | 32.4% |
| 2033 | 31.8% |
| BPS | -64 |
| Country | Germany |
|---|---|
| 2023 | 28.1% |
| 2033 | 28.7% |
| BPS | 57 |
| Country | France |
|---|---|
| 2023 | 14.2% |
| 2033 | 13.8% |
| BPS | -42 |
| Country | BENELUX |
|---|---|
| 2023 | 11.2% |
| 2033 | 10.9% |
| BPS | -33 |
| Country | Sweden |
|---|---|
| 2023 | 7.4% |
| 2033 | 7.6% |
| BPS | 15 |
Germany is set to hold a market share of nearly 28.1% in the Western Europe medical recruitment market in 2023.
Germany is the largest market in Western Europe for medical recruitment, and the country is expected to see an increase in demand for medical recruitment over the forecast period. The nation is experiencing a shortage of skilled healthcare professionals and demand for medical recruitment is expected to be majorly driven from rural areas of the country.
Demand for hospital doctors, general physicians, nurses and surgeons is especially high in the rural regions of Germany.
United kingdom is set to expand at a CAGR of 4.1% over the forecast period.
The medical recruitment market in the United kingdom is majorly driven by favourable government initiatives that promote recruitment on an international scale and increase the number of professionals hired substantially.
Mass recruitment drives and the presence of key recruitment providers in the nation are also expected to fuel market potential in the country.
Nursing/healthcare segment leads the market and is expected to hold a share of around 29.0%, in 2023.
Growing in-patient admissions necessitate the demand for nursing staff and patient care staff for comprehensive health and well-being of the patient. With the growth in the demand for nursing professions, the segment leads the market, and will continue to do so, over the forecast period.
Healthcare professionals segment is set to hold a market share of around 43.8% in 2023. With the rising rates of infections and chronic disease prevalence, as well as the growing number of hospitalizations, the market is set to expand at a lucrative pace.
Medical recruitment services held a market share of around 63.9% in the market in 2022.
This dominance is expected to continue over the forecast period as well, which can be attributed to factors such as increasing demand for healthcare professionals, rising chronic diseases, shortage of healthcare staff for new facilities, increasing demand for better healthcare services, etc.
Key medical recruitment providers in Western Europe are focusing on CSR strategies and are focusing on contracts to increase their recruitment potential and increase their market presence. Medical recruitment companies in Western Europe are also expected to focus on setting up new offices in order to increase their reach across different countries and expand their business scope.
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the Western Europe medical recruitment space, which are available in the full report.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | Western Europe |
| Key Countries Covered | United kingdom, Germany, France, BENELUX, Sweden, Norway, and Denmark |
| Key Market Segments Covered | Vertical, Candidature, Service, and Country |
| Key Companies Profiled | Medacs Healthcare PLC; Euromotion Medical; CPL Healthcare; ProClinical Recruitment; TFS Healthcare; EGV Recruiting; CCM Recruitment International Limited; IMS Recruitment Ltd. |
| Pricing | Available upon Request |
The Western Europe medical recruitment market expanded at a CAGR of 5.1% from 2017 to 2022.
CPL Healthcare, ProClinical Recruitment, and TFS Healthcare are the prominent market players.
The industry is forecast to register a CAGR of 4.6% through 2033.
The industry is expected to be valued at US$ 36.5 billion in 2033.
Germany is set to hold a market share of nearly 28.1% in 2023.
1. Executive Summary | Western Europe Medical Recruitment Market
1.1. Western Europe Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Market Innovation / Development Trends
4. Key Success Factors
4.1. Recruitment Service Adoption Analysis
4.2. Regulatory Landscape
4.3. PESTEL Analysis
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Western Europe GDP Growth Outlook
5.1.2. Western Europe Healthcare Outlook
5.1.3. Global Market Overview
5.2. Forecast Factors - Relevance & Impact
5.2.1. Growing Shortage of Healthcare Professionals
5.2.2. Growth in the Worldwide Population
5.2.3. Rising Cases of Chronic and Infectious Diseases
5.2.4. Increasing Establishment of Healthcare/Medical Settings
5.2.5. Rising Disposable Income
5.2.6. Increasing Geriatric Population
5.2.7. High Demand in Emergency and Critical Care
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunity Analysis
6. COVID-19 Crisis Analysis
6.1. COVID-19 and Impact Analysis
6.1.1. By Vertical
6.1.2. By Candidature
6.1.3. By Service
6.1.4. By Country
6.2. 2022 Market Scenario
7. Western Europe Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2022
7.2. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Vertical
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Vertical, 2017 to 2022
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Vertical, 2023 to 2033
8.3.1. Pharmaceutical Industry
8.3.2. Medical Devices
8.3.2.1. Medical Capital Equipment
8.3.2.2. Medical Consumables
8.3.2.3. Surgical Manufacturing & Distribution
8.3.3. Biotechnology
8.3.4. Nursing/Healthcare
8.3.5. Paramedical Staff
8.3.6. Scientific Research
8.3.7. Medical Research/Clinical Research
8.3.8. Pharmacies
8.3.9. Optometry
8.3.10. Regulatory and Quality
8.3.11. Diagnostics
8.3.12. Animal Health
8.4. Market Attractiveness Analysis By Vertical
9. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Candidature
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis, By Candidature, 2017 to 2022
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Candidature, 2023 to 2033
9.3.1. Health Professional
9.3.1.1. General Physicians
9.3.1.2. Surgeons
9.3.1.3. Nurses and Paramedical Staff
9.3.1.4. Lab Assistants
9.3.1.5. Radiologists
9.3.1.6. Anesthesiologists Technicians
9.3.1.7. Dentists
9.3.1.8. Mental Health Specialists
9.3.1.9. Medical Social Workers
9.3.1.10. Pharmacists
9.3.1.11. Optometrists
9.3.1.12. Veterinary Physicians
9.3.1.13. Pharmacovigilance and Regulatory Affairs
9.3.1.14. Medical Representatives
9.3.2. Biological and Medical Scientists
9.3.3. Health Information Technicians
9.3.4. Compounders
9.4. Market Attractiveness Analysis By Candidature
10. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Service
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By Service, 2017 to 2022
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Service, 2023 to 2033
10.3.1. Recruitment Services
10.3.1.1. Temporary Positions
10.3.1.2. Permanent Positions
10.3.2. Managed Services
10.3.2.1. Vendor Management
10.3.2.2. Recruitment Processes Outsourcing (RPO)
10.3.2.3. Consulting Services
10.3.3. Homecare Services
10.3.4. Specialist Care Services
10.4. Market Attractiveness Analysis By Service
10.5. Market Attractiveness Analysis By Service
11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
11.1. Introduction
11.2. Historical Market Size (US$ Million) Analysis By Country, 2017 to 2022
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Country, 2023 to 2033
11.3.1. United kingdom
11.3.2. Germany
11.3.3. France
11.3.4. BENELUX
11.3.5. Sweden
11.3.6. Norway
11.3.7. Denmark
11.4. Market Attractiveness Analysis By Country
12. United kingdom Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
12.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
12.3.1. By Vertical
12.3.2. By Candidature
12.3.3. By Service
12.4. Market Attractiveness Analysis
12.4.1. By Vertical
12.4.2. By Candidature
12.4.3. By Service
13. Germany Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
13.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
13.3.1. By Vertical
13.3.2. By Candidature
13.3.3. By Service
13.4. Market Attractiveness Analysis
13.4.1. By Vertical
13.4.2. By Candidature
13.4.3. By Service
14. France Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
14.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
14.3.1. By Vertical
14.3.2. By Candidature
14.3.3. By Service
14.4. Market Attractiveness Analysis
14.4.1. By Vertical
14.4.2. By Candidature
14.4.3. By Service
15. BENELUX Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
15.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
15.3.1. By Vertical
15.3.2. By Candidature
15.3.3. By Service
15.4. Market Attractiveness Analysis
15.4.1. By Vertical
15.4.2. By Candidature
15.4.3. By Service
16. Norway Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
16.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
16.3.1. By Vertical
16.3.2. By Candidature
16.3.3. By Service
16.4. Market Attractiveness Analysis
16.4.1. By Vertical
16.4.2. By Candidature
16.4.3. By Service
17. Sweden Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
17.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
17.3.1. By Vertical
17.3.2. By Candidature
17.3.3. By Service
17.4. Market Attractiveness Analysis
17.4.1. By Vertical
17.4.2. By Candidature
17.4.3. By Service
18. Denmark Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
18.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2023 to 2033
18.3.1. By Vertical
18.3.2. By Candidature
18.3.3. By Service
18.4. Market Attractiveness Analysis
18.4.1. By Vertical
18.4.2. By Candidature
18.4.3. By Service
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Share Analysis of Top Players
19.3. Market Presence Analysis
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Medacs Healthcare PLC
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Key Financials
20.3.1.5. SWOT Analysis
20.3.1.6. Strategy Overview
20.3.1.6.1. Marketing Strategy
20.3.1.6.2. Product Strategy
20.3.1.6.3. Channel Strategy
20.3.2. Euromotion Medical
20.3.3. CPL Healthcare
20.3.4. ProClinical Recruitment
20.3.5. TFS Healthcare
20.3.6. EGV Recruiting
20.3.7. CCM Recruitment International Limited
20.3.8. IMS Recruitment Ltd.
21. Assumptions and Acronyms Used
22. Research Methodology
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Western Europe Medical Recruitment Market
