The global medical industry experienced a 14% drop in new job postings related to future of work in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 36% decrease versus Q3 2022. GlobalData’s Medical Devices: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the medical devices industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 17% share of the global medical industry’s future of work-related total new job postings in Q3 2023, down 20% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 17%, emerged as the top future of work-related job roles within the medical industry in Q3 2023, with new job postings drop by 20% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 12% in Q3 2023, with new job postings rising by 14% over the previous quarter.
The other prominent future of work roles include Management Occupations with an 11% share in Q3 2023, Production Occupations with a 8% share of new job postings.
Top five companies in medical industry accounted for 27% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Thermo Fisher Scientific, Danaher, Stryker, Medtronic, and Koninklijke Philips. Together they accounted for a combined share of 27% of all future of work-related new jobs in the medical industry.
Thermo Fisher Scientific posted 853 future of work-related new jobs in Q3 2023, Danaher 448 jobs, Stryker 431 jobs, Medtronic 412 jobs, and Koninklijke Philips 400 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 68.46% share of total new job postings, Q3 2023
The largest share of future of work-related new job postings in the medical industry in Q3 2023 was in the US with 68.46% followed by India (7.44%) and Germany (3.14%). The share represented by the US was two percentage points higher than the 66.89% share it accounted for in Q2 2023.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q3 2023, buy the report here.