The Asia-Pacific medical industry experienced a 39% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Abbott Laboratories with 648 job postings, according to GlobalData’s analysis of medical company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for a 20% share of the Asia-Pacific medical industry’s total new job postings in Q1 2023, drop 37% over the prior quarter.
Management Occupations drive medical hiring activity
Management Occupations, with a share of 20% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific medical industry in Q1 2023 , ahead of Computer and Mathematical Occupations with a 13% share of new job postings.
The other prominent roles included Architecture and Engineering Occupations with an 8% share in Q1 2023, Sales and Related Occupations with a 6% share and Business and Financial Operations Occupations with a 6% share of new job postings.
Top five companies accounted for 32% of hiring activity
Abbott Laboratories posted 648 jobs in Q1 2023 and registered a decline of 69% over the previous quarter, followed by Carl Zeiss with 616 jobs and a 64% drop. GE HealthCare Technologies, with 575 jobs, and Koninklijke Philips, with 569 jobs, recorded a 22% drop and a 53% rise, respectively, while Danaher recorded a 45% decline with a 533 new job postings during Q1 2023.
Regional analysis of hiring in the Asia-Pacific medical industry, Q1 2023
India held the leading share of the Asia-Pacific medical hiring activity with a 41.36% share, a 47% decrease over Q4 2022. China was next with 22.55%, four-percentage-point down over the previous quarter.