The global medical industry experienced a 49% drop in new job postings related to remote patient monitoring in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 40% 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.
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Notably, Computer and Mathematical Occupations jobs accounted for a 23% share of the global medical industry’s remote patient monitoring-related total new job postings in Q3 2023, down 39% over the prior quarter.
Computer and Mathematical Occupations drive remote patient monitoring-related hiring activity
Computer and Mathematical Occupations, with a share of 23%, emerged as the top remote patient monitoring-related job roles within the medical industry in Q3 2023, with new job postings drop by 39% quarter-on-quarter. Management Occupations came in second with a share of 14% in Q3 2023, with new job postings dropping by 59% over the previous quarter.
The other prominent remote patient monitoring roles include Installation, Maintenance, and Repair Occupations with a 9% share in Q3 2023, Sales and Related Occupations with a 8% share of new job postings.
Top five companies in medical industry accounted for 84% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Koninklijke Philips, Vyaire Medical, Medtronic, Shenzhen Mindray Bio-Medical Electronics, and GE HealthCare Technologies. Together they accounted for a combined share of 84% of all remote patient monitoring-related new jobs in the medical industry.
Koninklijke Philips posted 271 remote patient monitoring-related new jobs in Q3 2023, Vyaire Medical 126 jobs, Medtronic 100 jobs, Shenzhen Mindray Bio-Medical Electronics 66 jobs, and GE HealthCare Technologies 59 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 60.79% share of total new job postings, Q3 2023
The largest share of remote patient monitoring-related new job postings in the medical industry in Q3 2023 was in the US with 60.79% followed by Germany (11.94%) and India (5.29%). The share represented by the US was 16 percentage points higher than the 45.29% share it accounted for in Q2 2023.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q3 2023, buy the report here.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
