Signal: despite hirings cooldown, growth in healthtech seems inevitable
Among the recent developments in the healthcare technology (healthtech) industry have been the acquisition by remote care management company MD Revolution of NavCare, another provider in the space, and the introduction of digital consultations by Amazon Clinic across the US, with message-based consultations in 34 states.
These moves reflect the industry’s growth and are complemented in this way by an increase in job opportunities within the sector. GlobalData research shows that active job listings in healthtech globally are up 28% year on year at the start of August. This is despite July seeing a drop in active listings from a high of around 66,000 to 53,000, based on the listings GlobalData has identified.
Virtual care listings have seen an even sharper increase, with an 84% increase in active listings compared to the beginning of August last year, though the sector is still showing signs of a July downturn.
Elsewhere, personal health data listings have seen year-on-year growth, while trends for the other major areas of precision and personalised medicine, electronic medical record systems, smart hospitals and health and safety have tracked relatively level.
US healthcare facilities giant HCA has been particularly active in the field lately, posting around 25,000 jobs in May and June alone. Many of the postings were not directly related to building infrastructure but rather regular clinical jobs that increasingly feature a telehealth component.
Last year, meanwhile, it announced an investment into medical wearables start-up VitalConnect to help expand its remote patient monitoring platform, allowing it to build capacity through partnership rather than solely in-house.
Our signals coverage is powered by GlobalData’s Disruptor data, which tracks all major deals, patents, company filings, hiring patterns and social media buzz across our sectors. These signals help us to uncover key innovation areas in the sector and the themes that drive them. They tell us about the topics on the minds of business leaders and investors, and indicate where leading companies are focusing their investment, deal-making and R&D efforts.
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