Im brand white


and get access to full InnMind Platform toolset

The Reality of the Nursing Industry

by Andriana Moskovska, from Smallbizgenius, on Feb 7
The latest healthcare and nursing statistics all confirm that this is the fastest-growing and arguably most rewarding industry.

While countries like Switzerland, Korea, Slovenia, Norway, and Australia have the most nurse graduates per 1,000 inhabitants, the sad reality is that the world as a whole is in a serious shortage of nurses. The consequences are dire and range from the worst, such as errors with fatal outcomes, to nursing burnout and lack of competent nursing educators for those willing to enter this field. 


Nurses and midwives constitute half of the health force and their role by far exceeds the task we often attribute to them - sponge baths, bedpan duty, and similar. They are much more than that. Nurses are the backbone of the health system, and there just aren’t enough of them at the moment. According to statistics, 52% of nurses claim the shortage today is worse than it was five years ago. 


Certainly, this is one of the fastest-growing fields in the job market too, with the predicted growth of 12% between 2018 and 2022. As with any profession, there are different types of nurses, and the predicted job growth for CNAs (Certified Nursing Assistant) is 21% percent or 321,200 jobs by 2022. There is even more demand when it comes to nursing specialties, as the predicted job growth here is  31%. 


Naturally, different nursing roles are also reflected salary-wise. CNAs are paid the least at $27, 520 on average, while APRN (Advanced Practice Registered Nurse) have an average salary of $110, 930. Critical Care Registered Nurse, Nurse Case Manager, Oncology Registered Nurse, and Registered Nurse are in the middle of the scale with a salary ranging between $66,203 and $69, 574.


However, there is another aspect to consider here - the retirement issue. Around  73% of nurses who are approaching their retirement age are likely to retire within the next three years. An additional 46% plans to do the same within the next four years, while 27% plans to retire in less than a year. 


The worrying reality of the nursing industry is that the shortage is a pressing matter with serious consequences. While the lack of nursing staff is predicted to decrease and go from 9 million to 7.6 million by 2030, the situation demands immediate action.


To find out more information, check out the infographic that follows.


Nursing Statistics: Industry by the Numbers


Note: Full or partial copy of the publication is allowed only with the direct active link to InnMind platform.

Top publications this week