The global medical industry experienced a 23% drop in new job postings related to remote patient monitoring in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 38% decrease versus Q4 2022. GlobalData’s Medical Devices: Hiring Trends & Signals Q4 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, Management Occupations jobs accounted for a 26% share of the global medical industry’s remote patient monitoring-related total new job postings in Q4 2023, up 26% over the prior quarter.
Management Occupations drive remote patient monitoring-related hiring activity
Management Occupations, with a share of 26%, emerged as the top remote patient monitoring-related job roles within the medical industry in Q4 2023, with new job postings rising by 26% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 13% in Q4 2023, with new job postings dropping by 52% over the previous quarter.
The other prominent remote patient monitoring roles include Installation, Maintenance, and Repair Occupations with a 9% share in Q4 2023, Sales and Related Occupations with a 9% 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 Q4 2023 were Koninklijke Philips, Vyaire Medical, Shenzhen Mindray Bio-Medical Electronics, Medtronic, and Baxter International. Together they accounted for a combined share of 84% of all remote patient monitoring-related new jobs in the medical industry.
Koninklijke Philips posted 213 remote patient monitoring-related new jobs in Q4 2023, Vyaire Medical 138 jobs, Shenzhen Mindray Bio-Medical Electronics 109 jobs, Medtronic 97 jobs, and Baxter International 26 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 62.52% share of total new job postings, Q4 2023
The largest share of remote patient monitoring-related new job postings in the medical industry in Q4 2023 was in the US with 62.52% followed by France (4.78%) and Germany (4.20%). The share represented by the US was ten percentage points higher than the 52.56% share it accounted for in Q3 2023.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q4 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.
