The North American medical industry experienced a 15% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Laboratory Corp of America Holdings with 3,776 job postings, according to GlobalData’s analysis of medical company job postings. 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, Management Occupations jobs accounted for a 12% share of the North American medical industry’s total new job postings in Q3 2023, drop 17% over the prior quarter.
Management Occupations drive medical industry hiring activity
Management Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the North American medical industry in Q3 2023 , ahead of Architecture and Engineering Occupations with an 8% share of new job postings.
The other prominent roles included Office and Administrative Support Occupations with a 7% share in Q3 2023, Healthcare Practitioners and Technical Occupations with a 6% share and Production Occupations with a 6% share of new job postings.
Top five companies accounted for 28% of hiring activity
Laboratory Corp of America Holdings posted 3,776 jobs in Q3 2023 and registered a decline of 36% over the previous quarter, followed by Stryker with 2,890 jobs and an 11% drop. Thermo Fisher Scientific, with 2,801 jobs, and Steris, with 2,407 jobs, recorded a 122% rise and a 68% rise, respectively, while Medtronic recorded a 63% increase with a 2,311 new job postings during Q3 2023.
Regional analysis of hiring in the North American medical industry, Q3 2023
The US held the leading share of the North American medical hiring activity with a 96.62% share, a 15% decrease over Q2 2023. Mexico was next with 1.70%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q3 2023, buy the report here.