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Permanent Medical Staffing Procurement Category Market Research Report from IBISWorld has Been Updated
Date:7/18/2014

Los Angeles, CA (PRWEB) July 18, 2014

Permanent medical staffing services have a buyer power score of 3.6 out of 5. In the three years to 2014, recruitment services have rebounded on the back of improving economic conditions and favorable demographic trends that have prompted buyers to bring in new talent, bolstering demand and prices for staffing services. During the period, the labor market has exhibited positive growth, with the national unemployment rate falling each year. In the three years to 2017, the price of staffing services is forecast to rise, with healthcare reform and an increasing senior population supporting heightened demand for medical services. “The projected shortage of medical professionals will likely give suppliers stronger hand in price negotiation as healthcare providers will experience a strong need for skilled physicians, nurses and other medical personnel,” says IBISWorld business research analyst Anna Son.

Despite an unfavorable price forecast, some factors are expected to benefit buyer power. This market has a low market share concentration, presenting buyers with more options to choose from. There is also low risk in terms of vendor financial stability. Due to the low requirement of purchases and capital costs, suppliers do not face high risk pertaining to inputs from higher up the supply chain. “As demand for medical care continues to grow, buyers should ensure that their suppliers are capable of meeting the demands for specialized medical positions that are facing supply shortages,” says Son.

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