Hiring activity related to cybersecurity increased by a CAGR of 14% in the medical device industry since 2020

The global medical device industry witnessed a 14% rise in compound annual growth rate (CAGR) in new job postings related to cybersecurity since 2020, according to GlobalData's Job Analytics database. New job postings increased by 38% year-on-year in 2021 but decreased by 6% year-on-year in 2022.  

Notably, healthcare practitioners and technical occupations jobs accounted for 34% share of the global medical device industry’s cybersecurity-related new job postings since 2020. 

Healthcare practitioners and technical occupations, with a share of 34%, emerged as the top cybersecurity-related job roles within the medical device industry since 2020, with new job postings rising by 61% year-on-year in 2021 and by 33% year-on-year in 2022.  

Computer and mathematical occupations came in second with a share of 21%, with new job postings rising by 94% year-on-year in 2021 and falling by 11% year-on-year in 2022.  

The other prominent cybersecurity roles include management occupations (11% share), and office and administrative support occupations (8% share).

The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Quest Diagnostics, Siemens Healthineers, Fresenius, Danaher, and Bausch & Lomb. Together they accounted for a combined share of 65% of all cybersecurity-related new jobs in the medical device industry.  

Quest Diagnostics posted 23,714 cybersecurity-related jobs since 2020, followed by Siemens Healthineers with 3,096 jobs, and Fresenius with 1,475 jobs, according to GlobalData’s Job Analytics database.  

New job postings by Quest Diagnostics increased by 38% year-on-year in 2021 and by 5% year-on-year in 2022, while those by Siemens Healthineers decreased by 24% in 2021 and increased by 40% in 2022.

The largest share of cybersecurity-related new job postings in the medical device industry since 2020 was in the US with 75%, followed by Germany (7%) and India (3%). The share represented by the US increased by one percentage point from 77% in 2021 to 78% in 2022.

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.