Jobs
Hiring activity related to Internet of Things increased by a CAGR of 46% in the medical device industry since 2021
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The global medical device industry witnessed a 46% rise in compound annual growth rate (CAGR) in new job postings related to Internet of Things since 2021, according to GlobalData's Job Analytics database. New job postings increased by 60% year-on-year in 2022 and by 33% year-on-year in 2023.
Notably, computer and mathematical occupations jobs accounted for 36% share of the global medical device industry’s Internet of Things-related new job postings since 2021.
Computer and mathematical occupations drive Internet of Things-related hiring activity
Computer and mathematical occupations, with a share of 36%, emerged as the top Internet of Things-related job roles within the medical device industry since 2021, with new job postings rising by 39% year-on-year in 2022 and falling by 5% year-on-year in 2023.
Management occupations came in second with a share of 18%, with new job postings rising by 57% year-on-year in 2022 and falling by 8% year-on-year in 2023.
The other prominent Internet of Things roles include architecture and engineering occupations with a 11% share, healthcare support occupations with a 7% share and business and financial operations occupations with a 6% share.
The top five companies in the medical device industry accounted for 46% of hiring activity
The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2021 were ResMed, Cue Health, ConnectedHealth, Abbott Laboratories, and Fresenius. Together they accounted for a combined share of 46% of all Internet of Things-related new jobs in the medical device industry.
ResMed posted 2,650 Internet of Things-related jobs since 2021, followed by Cue Health with 1,169 jobs, and ConnectedHealth with 902 jobs, according to GlobalData’s Job Analytics database.
New job postings by ResMed increased by 986% year-on-year in 2022 and by 166% year-on-year in 2023, while those by Cue Health increased by 297% in 2022 and decreased by 90% in 2023.
Hiring activity was driven by the US with a 48% share of total new job postings since 2021
The largest share of Internet of Things-related new job postings in the medical device industry since 2021 was in the US with 48%, followed by Germany (16%) and India (10%). The share represented by the US increased by six percentage points from 38% in 2022 to 44% in 2023.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Job Analytics database 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.
