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The healthcare industry is facing an unprecedented shortage of healthcare professionals worldwide. The situation is even more pronounced in the United States. While shortage exists across roles, the US projects a staggering deficit of 1.1 million Registered Nurses by the end of 2030.

What Contributed To This Shortage?

Some of the main reasons contributing to this massive shortage include:
The aging population in developed economies is leading to a surge in the need for healthcare professionals. However, supply is not keeping up with the huge demand.
The shortage of staff is causing nurses to be overworked, resulting in elevated stress and exhaustion. Consequently, this has led to attrition and a decrease in working hours.
Owing to stress, young nursing graduates are opting alternative professions after brief periods of working in healthcare. US News reported a 5.2% decline in nurses aged 25 to 34 between May 2020 and May 2021.
The aging population is resulting in an increased demand for healthcare services. Currently, the United States has the highest number of Americans over the age of 65 than at any other time in history.
The nursing profession is facing the challenge of ‘The Great Resignation’. The shortage may worsen in part due to who exactly is leaving the profession. According to US News, the number of nurses between the age of 25 to 34 that accounted for the highest share by age group in 2019 declined by 5.2% between May 2020 and May 2021.
Nurse burnout because of high levels of stress, exhaustion, and dissatisfaction among nurses is a major challenge resulting in them leaving the profession or reducing their working hours.

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