As health technology has advanced, the need for unique talent with specialized skills has increased. In addition, the decreasing unemployment rate, combined with a decreasing number of individuals pursuing higher education, has left a gap in today’s employment needs. The current talent dilemma, combined with significant health technology trends, is creating one of the most urgent challenges the industry is facing – the need for talent.
Among the largest of challenges a rapidly changing regulatory environment rests on top. This is primarily due to Europe’s Medical Device Regulations (MDR) and In Vitro Diagnostic Regulation (IVDR). Although the percentage of professionals closely tracking these regulations worldwide has increased from 21 to 29 percent over the past year, 71 percent have still reported to have basic to no understanding about the upcoming regulatory changes. Considering both the talent dilemma, and lack of awareness regarding these regulatory changes, companies will need to strategize on how to obtain experts who are knowledgeable of these regulations in order for growth to continue.
Connected health technology is growing in popularity. According to Forbes, AI and Big Data are being used to improve diagnostics and patient care. While both are exciting endeavors, the need for software developers, engineers, as well as proper management to oversee the development is crucial to see these trends reach their full potential. Forbes also states there is no better place to monitor the benefits of Big Data than in healthcare. Ground-breaking partnerships are forming between medical and data professionals. Just as we enable smart phones to capture data, such as having it measure how many calories one burns in a day and compare those results with goals, Big Data offers the possibility for prevention, rather than a cure. Once again, this spurs the need for innovative medical device companies to strategize on obtaining top medical and data professionals.
Medical devices are vulnerable to security breaches, impacting not only the usability of the device, but also the safety of the individual. This problem escalates when considering the growth of connected health technology. The global healthcare cyber security market is growing at a compound annual growth rate of 9% and is projected to continue this pattern through 2022. The need for cyber security professionals to maintain and ensure security continues to increase, along with the demand for professionals to stay ahead of the curve.
Staying informed of current trends is a make or break in terms of your competitive advantage. Do you have a strategy to keep in step or even ahead of these trends? If your team lacks the proper talent, allow an esteemed staffing firm, such as Talencio, to offer solutions to your staffing dilemma.
For more information regarding this trend, download our complimentary research report in one click, 2018 Health Technology Market Projections.
Written by: Isaac Pirk, Talencio intern and student at North Central University, Minneapolis, MN.
About Talencio: We help the Health Technology community make progress by putting the right people in the right place to solve problems and identify opportunities to move healthcare forward. To learn more about career opportunities in health technology, or to hear how other companies have partnered with Talencio to tap into our skilled professional talent pool, contact us at 612.703.4236 or email. Talencio has been the preferred provider of vetted, accomplished professionals to the Health Technology Community for over 10 years.