The global medical industry experienced a 34% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by TotalMed Systems with 23,391 job postings according to GlobalData’s analysis of medical company job postings. GlobalData’s Medical Devices: Hiring Trends & Signals Q1 2024 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, Healthcare Practitioners and Technical Occupations jobs accounted for a 15% share of the global medical industry’s new job postings in Q1 2024, up 14% over the prior quarter.
Healthcare Practitioners and Technical Occupations drive medical industry hiring activity
Healthcare Practitioners and Technical Occupations, with a share of 15%, was the occupation with the greatest hiring activity in the global medical industry in Q1 2024, ahead of Management Occupations with an 11% share of job postings.
The other prominent roles include Computer and Mathematical Occupations with a 6% share in Q1 2024, Office and Administrative Support Occupations with a 7% share and Architecture and Engineering Occupations with a 5% share of new job postings.
Top five companies in medical industry accounted for 33% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 33% share of the overall hiring activity in the global medical industry in Q1 2024.
TotalMed Systems posted 23,391 jobs in Q1 2024 and registered a growth of 53% over the previous quarter, followed by Abbott Laboratories with 5,846 jobs and a 28% growth. Laboratory Corp of America Holdings with 5,384 jobs and Heinen + Lowenstein with 5,229 jobs, recorded a 21% growth and a 79% rise, respectively, while Thermo Fisher Scientific recorded a 1% drop with 4,874 job postings during Q1 2024.
Hiring activity was driven by North America with a 64% share of total new job postings, Q1 2024
North America held the leading share of the new job postings in the global medical industry with a 64% share, a 2% lower over Q4 2023. Europe stood next with 21%, registering a 41% growth over the previous quarter.
Asia-Pacific with a 12% share marked a 47% rise over Q4 2023. The South & Central America and Middle East & Africa accounted for shares of 20% and 6% respectively.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q1 2024, buy the report here.
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