The US 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 US medical industry new job postings in Q3 2023, down by 18% over the prior quarter.
Management Occupations drive medical industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 12% of the total new job postings in Q3 2023 and were down by 40% year-on-year. Second highest were Architecture and Engineering Occupations, which accounted for 8% and drop by 35% year-on-year, and third highest were Office and Administrative Support Occupations, which were 9% of the new job postings and 40% lower year-on-year.
Top five companies in medical industry accounted for 28% of hiring activity
The highest number of jobs were posted by Laboratory Corp of America Holdings with 3,776, followed by Stryker with 2,890, while the highest increase was at Thermo Fisher Scientific at 119%.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q3 2023, buy the report here.