In 2024, the average staff turnover rate of hospitals in the U.S. stood at **** percent. The percentage of employees leaving hospitals has decreased since the peak of ** percent in 2021. A closer look at turnover reveals that most was among less tenured staff, with the highest rates among certified nursing assistants.

In 2024, the average turnover rate for registered nurses that worked in hospitals across the United States stood at **** percent. This was lower than the turnover rate of **** percent in 2022. According to this survey, the percentage of registered nurses (RN) that left hospitals in 2023 ranged from roughly ** percent to nearly ** percent, depending on the discipline. The highest RN turnover was found among Telemetry nurses. On the other hand, RN turnover was the lowest in Pediatrics.

Healthcare Workforce Management Software Market Outlook

The healthcare workforce management software market size is projected to grow significantly from USD 1.4 billion in 2023 to an estimated USD 3.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.2%. The increasing need for efficient workforce management solutions, driven by the rising demand for healthcare services and the growing complexity of healthcare operations, is a primary growth factor for this market.

One of the key drivers of the healthcare workforce management software market is the escalating need for operational efficiency in healthcare institutions. As healthcare demands grow, hospitals and care facilities are struggling with staff shortages and the need for optimized workforce deployment. Advanced software solutions are being increasingly adopted to manage schedules, ensure compliance with labor laws, and enhance overall productivity. These technologies also facilitate real-time reporting and analytics, allowing better decision-making processes for administrators and human resource managers.

Another growth factor contributing to the expansion of this market is the integration of artificial intelligence (AI) and machine learning (ML) into workforce management software. These advanced technologies enable predictive analytics, which can forecast staffing needs based on historical data and current trends, thus minimizing the risk of understaffing or overstaffing. Additionally, AI and ML capabilities help in automating routine tasks, thereby freeing up human resources for more critical activities. This technological advancement is attracting significant investments and driving market growth.

Furthermore, the increasing emphasis on regulatory compliance and the need to manage diverse and complex labor regulations across different regions are compelling healthcare providers to adopt sophisticated workforce management solutions. These software systems help in maintaining compliance with various labor laws and regulations, thus reducing the risk of legal penalties and enhancing the overall efficiency of the healthcare workforce. The rising adoption of these software solutions is further bolstered by the ongoing digital transformation in the healthcare sector.

From a regional perspective, North America holds the largest share in the healthcare workforce management software market, driven by the presence of advanced healthcare infrastructure and the early adoption of innovative technologies. Other regions, such as Asia Pacific and Europe, are also witnessing significant growth, owing to increasing healthcare investments and rising awareness about the benefits of workforce management solutions. The Asia Pacific region, in particular, is projected to exhibit the highest CAGR during the forecast period due to the burgeoning healthcare sector and rapid technological advancements.

Component Analysis

In the healthcare workforce management software market, the component segment is bifurcated into software and services. The software segment dominates the market, primarily due to the wide range of functionalities it offers, including scheduling, time and attendance management, and employee self-service. These solutions are essential for streamlining operations, reducing labor costs, and improving overall workforce efficiency. With continuous advancements in software technology, such as AI and ML integration, this segment is expected to witness robust growth during the forecast period.

The services component encompasses implementation, training, support, and maintenance services. These services play a critical role in ensuring the effective deployment and optimal utilization of workforce management software. Implementation services involve the initial setup and customization of the software to meet the specific needs of the healthcare institution. Training services are crucial for educating staff on how to use the software effectively, which can significantly enhance productivity and efficiency. Support and maintenance services ensure the smooth functioning of the software and address any issues that may arise, thereby minimizing downtime and enhancing user satisfaction.

The demand for both software and services is driven by the increasing complexity of healthcare operations and the need for efficient workforce management. As healthcare organizations continue to face challenges such as staff shortages, high turnover rates, and regulatory compliance requirements, the adoption of comprehensive workforce management solutions is becoming increasingly essent

The UK has an ageing population. For the Residential Nursing Care industry, this is an opportunity for growth, with demand for more beds expanding. Homes have upped their average weekly fees, contributing to revenue growth. Soaring inflation over the two years through 2023-24 has further raised nursing home fees. However, state involvement has limited growth, which has kept care fees artificially low for many nursing home residents. Residential nursing care revenue is anticipated to climb at a compound annual rate of 2.9% over the five years through 2025-26 to £10.3 billion, including a forecast hike of 1.2% in 2025-26. Weak government funding and wage cost pressures caused by the rising National Living Wage (which climbed to £12.21 in April 2025) have constrained profitability. Labour supply shortages caused by high turnover rates have been of particular concern. According to Skills For Care, the job vacancy rate in 2023-24 in the adult care sector was 8.3%, far above the average rate in the UK economy. That being said, the vacancy rate is declining, mainly thanks to a government-driven recruitment drive to attract overseas workers, which has been helped by reducing visa requirements. Climbing real household disposable income has supported more self-funded residents, aiding residential nursing care. However, data from the Office for National Statistics reveals the percentage of self-funded residents fell from 36.7% in 2019-20 to 34.9% over the year through February 2022. Families were struggling with the rising cost of living, reducing the number of people able to afford private care home costs, which constrained revenue growth. In the year through February 2023, the number of self-funded residents at nursing care homes climbed to 37% of the 372,035 residents. In the two years through 2025-26, interest rates have fallen, stimulating spending on discretionary services like residential nursing homes. Real disposable income is inching up in line with wage costs, which is raising demand for self-funded residents and lifting care homes’ revenue. Over the five years through 2030-31, residential nursing care revenue is estimated to expand at a compound annual rate of 2.3% to £11.5 billion. Robust demand from an ageing population will support industry growth. However, plans for adult social care reforms are to be released in two stages (the first in 2026 and the second in 2028), which has caused greater uncertainty for the sector's future. Staff shortage concerns will continue to plague nursing care.

Overview

The Per Diem Nurse Staffing Market is projected to reach approximately USD 16.4 billion by 2033, growing from USD 8.7 billion in 2023 at a CAGR of 6.5% between 2024 and 2033. The growth is driven by the persistent global shortage of nurses and the need for flexible workforce management. According to the World Health Organization (WHO), the global nursing workforce reached 29.8 million in 2023, yet a deficit of about 4.5 million nurses is projected by 2030. These shortages lead to unstable shift coverage and create opportunities for per-diem staffing solutions across hospitals and healthcare facilities.

Demographic ageing remains a long-term market driver. The United Nations projects that one in six people will be over 65 years old by 2050, while WHO indicates that the global population aged 60 and above will nearly double between 2015 and 2050. Older populations require more inpatient and long-term care, increasing daily fluctuations in patient volumes. These variations heighten the need for short-notice staffing, where per-diem nurses provide rapid and cost-effective coverage. As health systems adapt to ageing demographics, per-diem staffing ensures continuity of care amid unpredictable demand surges.

Government regulations and staffing mandates are further supporting demand. The Centers for Medicare & Medicaid Services (CMS) in the United States established minimum staffing standards for long-term care in 2024. Such regulations require consistent nurse-to-patient ratios, even during peak demand, compelling providers to maintain per-diem pools. Similar regulations in states like California also reinforce the use of flexible staffing models to ensure compliance. In other regions, tighter quality oversight in skilled nursing facilities is prompting administrators to use per-diem nurses to meet staffing adequacy requirements.

Financial pressures are influencing providers to reduce reliance on expensive external agencies and invest in internal per-diem pools. NHS England has reported declines in agency spending due to stricter rules and price caps while maintaining high levels of internal bank staff usage. This transition enables cost control while ensuring service continuity. Additionally, persistent retention challenges, nurse burnout, and high turnover rates continue to fuel temporary staffing requirements. Per-diem nurses serve as a strategic buffer against absenteeism and ongoing recruitment shortages across global healthcare systems.

The U.S. Bureau of Labor Statistics forecasts about 189,100 registered-nurse openings annually between 2024 and 2034, reinforcing structural replacement needs. Growing oversight of staffing quality and the rise of care delivery in post-acute settings further enhance the adoption of flexible workforce models. The market’s sustained expansion reflects its crucial role in maintaining service reliability, regulatory compliance, and cost efficiency. Overall, demographic shifts, labor shortages, and policy reforms are expected to anchor steady growth in the global per-diem nurse staffing industry through 2033.

Introduction

The Clinical Laboratory Service Market is poised for substantial growth, projected to increase from USD 233.4 billion in 2023 to USD 341.8 billion by 2033, with a steady CAGR of 3.9% from 2024 to 2033. This expansion is primarily driven by technological advancements in the sector, including the integration of next-generation sequencing (NGS) and innovations in molecular diagnostics. These technologies enhance the speed and accuracy of testing, broadening the range of diagnosable conditions.

Additionally, the market is experiencing a surge in demand due to an aging population, a higher incidence of chronic diseases, and increased healthcare coverage. These factors lead to a rise in the volume of both general and specialized laboratory tests, further fueling market growth. However, the sector faces challenges such as a shortage of skilled laboratory professionals, compounded by an aging workforce and high vacancy rates. Strategic recruitment and retention are essential to maintain service efficiency and market expansion.

Quality and regulatory standards also significantly impact the market. Laboratories must adhere to strict accreditation and compliance protocols to ensure the accuracy and reliability of test results, which are crucial for patient safety and effective treatments. The focus on high standards supports the market’s integrity and continuous improvement.

Public health emergencies highlight the vital role of clinical laboratories in disease outbreak response and management. The ability to rapidly and accurately identify health threats is critical for effective public health interventions and remains a key driver for the sector's growth. These laboratories are integral in evolving healthcare landscapes, meeting new challenges with innovative solutions.

Recent partnerships and expansions also demonstrate the sector's growth. For instance, in July 2023, DiaCarta, Ltd. partnered with Hopkins MedTech Lab Services and Hopkins MedTech Compliance to support the development of laboratory-developed tests (LDTs) in the U.S. In February 2023, Detact Diagnostics established a new laboratory at Keene State College in the U.S., securing a two-year rental agreement, indicating continued investment and development within the clinical laboratory services market. These collaborations and expansions are indicative of the sector's robust growth trajectory and its readiness to meet future healthcare demands.

Pre-Employment Testing Market Outlook

The pre-employment testing market size is expected to grow from USD 1.5 billion in 2023 to USD 3.2 billion by 2032, with a compound annual growth rate (CAGR) of 8.7% during the forecast period. This significant growth is driven by the increasing demand for efficient and effective hiring processes. Companies are investing in pre-employment testing solutions to better assess potential employees' skills and competencies, thus reducing turnover rates and improving overall workforce quality.

One of the primary growth factors for the pre-employment testing market is the rising emphasis on reducing hiring biases and enhancing the quality of hires. Organizations are increasingly adopting these tests to ensure that the candidates selected align well with the job requirements and organizational culture. The use of standardized tests helps in eliminating subjective biases and provides a more objective evaluation of candidates' abilities. This focus on fair hiring practices is particularly notable in sectors such as tech, finance, and healthcare, where the cost of a bad hire can be exceptionally high.

Another significant driver is the growing adoption of technology in the recruitment process. The integration of artificial intelligence (AI) and machine learning in pre-employment testing tools allows for more sophisticated and predictive analytics. These technologies can analyze vast amounts of data to predict a candidate's future performance and fit within the company, making the hiring process more efficient and effective. Moreover, the scalability of these solutions makes them attractive for organizations of all sizes, from small businesses to large enterprises.

The increasing globalization of businesses is also fueling the demand for pre-employment testing. As companies expand their operations across different regions, there is a need for standardized testing methods that can be applied universally. This ensures that the quality of hires remains consistent, irrespective of geographical location. Additionally, the rise of remote working arrangements has made it imperative for companies to employ reliable and valid testing methods to assess candidates who may never come into a physical office.

In addition to the technological advancements, Test Preparatory Services are becoming increasingly vital in the pre-employment testing landscape. These services offer candidates the opportunity to familiarize themselves with the types of assessments they might encounter during the hiring process. By providing practice tests and preparatory materials, these services help candidates improve their test-taking skills and boost their confidence. This, in turn, benefits employers by ensuring a more accurate representation of a candidate's abilities. As the demand for skilled labor grows, the role of Test Preparatory Services in bridging the gap between candidates' potential and performance becomes even more significant. Companies that incorporate these services into their recruitment strategy can expect to see a higher caliber of applicants and more successful hiring outcomes.

Regionally, North America is expected to continue dominating the pre-employment testing market, driven by the high adoption rate of advanced recruitment technologies and a large number of tech-savvy companies. However, Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period. The rapid economic development in countries like China and India is leading to an increased demand for skilled labor, thereby boosting the adoption of pre-employment testing solutions. Europe, Latin America, and the Middle East & Africa are also projected to see steady growth, driven by increasing awareness and the need for efficient hiring processes.

Test Type Analysis

Cognitive aptitude tests are one of the most widely used forms of pre-employment testing and are essential in assessing a candidate's ability to think critically, solve problems, and comprehend complex information. These tests are particularly popular in sectors such as technology, finance, and engineering, where analytical skills are paramount. The growing complexity of job roles and the need for employees who can adapt to rapidly changing environments are significant factors driving the demand for cognitive aptitude tests. Employers are increasingly relying on these tests to ensure that their hires can meet the intellectual demands of the job.</

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Long-Term Care (Ltc) Market Size 2024-2028

The long-term care (ltc) market size is valued to increase by USD 394.8 billion, at a CAGR of 3.21% from 2023 to 2028. Growing demand for long-term care from aging population will drive the long-term care (ltc) market.

Market Insights

APAC dominated the market and accounted for a 33% growth during the 2024-2028.
By Type - Government segment was valued at USD 1207.00 billion in 2022
By Application - Nursing care and assisted living facilities segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 20.87 billion 
Market Future Opportunities 2023: USD 394.80 billion
CAGR from 2023 to 2028 : 3.21%

Market Summary

The market is experiencing significant growth and transformation, driven by the increasing global population aging at an unprecedented rate. This demographic shift is leading to a surge in demand for LTC services, as older adults require more assistance with daily living activities due to chronic conditions or disabilities. Moreover, the expansion and evolution of various healthcare domains, such as home health care, hospice care, and assisted living facilities, are contributing to the market's growth. However, one of the most pressing challenges facing the LTC industry is the shortage of skilled nursing staff. This labor shortage can lead to operational inefficiencies, increased costs, and compromised patient care. For instance, a large LTC facility in Europe is addressing this challenge by optimizing its supply chain to attract and retain talent. By streamlining its recruitment process, offering competitive wages and benefits, and investing in employee training and development, the facility is able to improve its workforce's morale and retention rates. This, in turn, leads to better operational efficiency, improved patient care, and overall business success. In conclusion, the LTC market is experiencing robust growth due to the aging population and the expansion of healthcare domains. However, the industry faces a significant challenge in the form of a shortage of skilled nursing staff. Innovative solutions, such as supply chain optimization, can help LTC providers overcome this challenge and ensure the delivery of high-quality care to their patients.

What will be the size of the Long-Term Care (Ltc) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market represents a significant and evolving sector within the healthcare industry, with a growing emphasis on personalized care plans and interdisciplinary services. According to recent research, the global LTC market is projected to witness substantial growth due to demographic trends, increasing prevalence of chronic conditions, and advancements in technology. For instance, the adoption of telehealth and remote patient monitoring technologies has enabled more effective care delivery and improved patient outcomes. Moreover, regulatory compliance remains a critical area of focus for LTC providers, with stringent regulations governing areas such as patient safety, staff development, and quality of care. Performance improvement initiatives, such as medication adherence programs, mobility training, and clinical decision support, are essential components of a comprehensive LTC strategy. One noteworthy trend in the LTC market is the integration of home health services with post-acute care transitions. This approach allows for seamless care coordination between hospital and home settings, reducing readmissions and improving patient satisfaction. In fact, a study revealed that implementing home health integration resulted in a 20% reduction in hospital readmissions. As the LTC landscape continues to evolve, providers must remain agile and adapt to emerging trends and regulatory requirements. By focusing on interoperability standards, predictive analytics models, and patient-centered care, LTC organizations can enhance their offerings and better meet the needs of their clientele.

Unpacking the Long-Term Care (Ltc) Market Landscape

In the market, innovation and compliance are key drivers for business success. Compared to traditional care models, LTC providers utilizing security systems have reported a 25% reduction in incidents, enhancing both resident safety and operational efficiency. Fall prevention programs, integrated with medication management systems, have shown a 30% decrease in medication errors, improving resident outcomes and regulatory compliance. Furthermore, cognitive behavioral therapy and resident assessment tools have led to a 20% increase in resident engagement, resulting in higher ROI through improved satisfaction and retention. Other essential components, such as family caregiver support, patient monitoring devices, and regulatory compliance tracking, ensure continuous alig

Gym, health and fitness clubs stand at a dynamic crossroads, shaped by both impressive resilience and evolving consumer expectations. Despite economic headwinds—including persistent inflation, rising membership fees and supply chain disruptions—Americans’ appetite for fitness hasn’t waned. While higher prices and tariff-driven equipment costs have prompted some concerns around affordability and retention, leading operators have kept pace by doubling down on transparency, technological innovation and community-driven experiences, keeping the industry remarkably buoyant, even as members become more discerning and hybrid workout habits take root. Revenue has expanded at a CAGR of 7.1% to $45.7 billion in 2025, including an uptick of 2.0% that year. Home workouts and digital fitness surged in recent years, with brands like Peloton, Apple Fitness and countless app-based platforms filling the void. Still, the desire for social connection, accountability and access to specialized classes supported attendance at gyms and fitness centers, with group classes, boutique experiences and sports leagues (like the nation’s pickleball boom) fueling a new wave of growth. Technological integration has become standard, as fitness centers capitalized on mobile booking, wearables, hybrid class offerings and personalized digital experiences to boost retention. Gyms have also responded to sticky inflation and financial uncertainty by offering more flexible, tiered memberships and novel pay-per-visit plans, making fitness accessible across a wider range of budgets and life stages, boosting profit. Gym, health and fitness clubs will deepen their shift into a wellness-centric, tech-enabled ecosystem, with opportunities and challenges in equal measure. Demographic tailwinds will prove significant: as the population ages and healthcare costs climb, older adults will turn to gyms for exercise as well as holistic health management. Gyms, health and fitness centers are shifting toward integrated, medically informed offerings, blending classes with diagnostics, tracking devices and partnerships with healthcare providers. Affordability, digital convenience and privacy will be crucial considerations as gyms race to balance premium health solutions with accessibility. Gyms and fitness centers that innovate around flexibility and evidence-based care will sustain growth. Revenue is expected to grow at a CAGR of 1.4% to reach an estimated $49.1 billion by 2030.

The Office Staffing and Temp Agencies industry has thrived by offering agile staffing solutions to corporate clients, despite a volatile economic environment. In the aftermath of labor market disruptions brought on by the pandemic, the economy bounced back quickly. Amid a tight labor market, businesses turned to temp agencies to help fill recruitment gaps, producing consecutive years of record growth. However, as inflationary concerns picked up and the Federal Reserve raised interest rates to slow private investment, trickling down to year-to-year declines for staffing agencies. Despite turbulence, industry revenue is expected to grow at a CAGR of 2.9% over the past five years, totaling $260.1 billion in 2025. In 2025, industry revenue is forecast to rise 8.9%, with interest rates expected to temper further.The economy is grappling with a significant skills gap, especially in manufacturing, construction, IT and healthcare, with over half of workers lacking the necessary training for these crucial industries. This gap has created a disparity between employer demands and the skills available in the workforce. In a tight labor market, staffing agencies remain vital, providing businesses with a readily available pool of workers. Agencies are prioritizing workforce development by partnering with training providers and educational institutions to offer upskilling and reskilling programs, preparing workers for high-demand roles. Artificial Intelligence (AI) is poised to transform recruitment by automating repetitive tasks, enabling agencies to deliver faster, more precise placements. As AI-driven tools become integral to the job market, agencies that stay ahead of the technology curve will be able to generate premium margins as overall profitability rises across the industry.In the coming years, staffing agencies will see growth as the economy expands, with workers rejoining the labor force turning to temp agencies to find temporary roles in hopes of securing a permanent position. Agencies will remain a permanent fixture in corporate strategies in the fast-growing healthcare sector, where temporary and travel nurses, medical coders and administrative support will be needed to meet the needs of an aging population. Consequently, industry revenue is expected to increase at a CAGR of 2.2% to reach $290.4 billion over the five years to 2030.

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Retirement Communities Market Size 2025-2029

The retirement communities market size is forecast to increase by USD 47.4 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the rising life expectancy and the resulting demand for specialized living arrangements for the aging population. This demographic shift presents favorable business opportunities for real estate developers, particularly those who can offer innovative and high-quality solutions tailored to the unique needs of seniors. Regulatory compliance is paramount, with licensure requirements and accreditation standards ensuring quality healthcare services, such as geriatric care, skilled nursing, rehabilitation, and hospice care. However, the market also faces challenges, including the need to provide proper healthcare solutions and addressing the diverse requirements of an aging population with varying health conditions and income levels.
Effectively navigating these challenges and capitalizing on the opportunities requires a deep understanding of the evolving needs and preferences of the senior demographic, as well as the ability to offer flexible and comprehensive solutions that address their physical, emotional, and social needs. Companies that can successfully meet these demands will be well-positioned to thrive in this dynamic market. Outright purchases, leases or rentals, and hybrid models are all viable options for seniors, depending on their financial situation and lifestyle preferences. Senior living marketing strategies are focussing on addressing the demands and touch points of prospects.

What will be the Size of the Retirement Communities Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses a range of senior housing options, including life care communities, assisted living facilities, and active adult communities. Security measures, emergency response systems, and memory care units cater to the unique needs of the aging population, particularly those with Alzheimer's disease. Capital expenditures for housing options, staffing ratios, and caregiver training programs are essential for maintaining resident satisfaction. Financial planning services, estate planning, and long-term care insurance are crucial for managing the financial aspects of retirement living.
Housing options span from independent living facilities to age-restricted communities, catering to various needs and preferences. Attractive financing options, availability of land, and various models, including outright purchases, leases or rentals, hybrid models, and senior living facilities, cater to diverse lifestyle preferences and budgets. Wellness centers, community resources, and transportation services contribute to the overall quality of life. Optometry, pharmaceutical, and palliative care programs further enhance the comprehensive range of services offered. Turnover rates in retirement communities remain a significant consideration, with ongoing staff training and Medicare and Medicaid coverage playing crucial roles in addressing workforce challenges. Fire safety systems and certification programs ensure the safety and security of residents.

How is this Retirement Communities Industry segmented?

The retirement communities industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Assisted living facilities
  Continuing care retirement communities
  Rest homes


Application

  Elderly people
  Disabled people


Gender

  Female
  Male


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The assisted living facilities segment is estimated to witness significant growth during the forecast period. Assisted living communities within the retirement market cater to seniors who necessitate aid with activities of daily living but do not warrant continuous medical supervision. These facilities provide essential services such as meal preparation, housekeeping, medication management, and personal care assistance to uphold residents' autonomy and enhance their living experience. Assisted living residences are meticulously designed to emulate a homelike atmosphere, featuring private or semi-private living quarters and communal spaces for social interaction and recreational activities. Many establishments offer additional amenities, including fitness centers, libraries, beauty salons, and transportation services, to encourage residents' physical and mental well-being

In 2023, among professional nurses, midwives and nursing associates eligible to practice in the UK, 61 percent of respondents left the register in 2023 because they were retiring. During that year, roughly 31 percent cited physical and mental health as one of the main reasons for leaving. This statistic displays the share of main reasons for nurses and midwifes to leave the Nursing and Midwifery Council register in the UK in 2023.

The annual revenue of Barchester Healthcare Limited reached over *** million British Pounds in 2023. Barchester Healthcare Ltd is one of the leading care home operators in the UK. From 2015 to 2023, the turnover of Barchester Healthcare Ltd grew steadily in the UK.