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Hiring activity related to robotics increased by a CAGR of 23% in the medical device industry since 2020
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The global medical device industry witnessed a 23% rise in compound annual growth rate (CAGR) in new job postings related to robotics since 2020, according to GlobalData's Job Analytics database. New job postings increased by 65% year-on-year in 2021 and decreased by 8% year-on-year in 2022.
Notably, computer and mathematical occupations jobs accounted for 27% share of the global medical device industry’s robotics-related new job postings since 2020.
Computer and mathematical occupations drive robotics-related hiring activity
Computer and mathematical occupations, with a share of 27%, emerged as the top robotics-related job roles within the medical device industry since 2020, with new job postings rising by 86% year-on-year in 2021 and falling by 27% year-on-year in 2022.
Architecture and engineering occupations came in second with a share of 24%, with new job postings rising by 153% year-on-year in 2021 and decreased by 31% year-on-year in 2022.
The other prominent robotics roles include installation, maintenance, and repair occupations (13% share), and management occupations (11% share).
The top five companies in the medical device industry accounted for 50% of hiring activity
The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Medtronic, Stryker, Intuitive Surgical, Danaher, and Becton Dickinson. Together they accounted for a combined share of 50% of all robotics-related new jobs in the medical device industry.
Medtronic posted 2,047 robotics-related jobs since 2020, followed by Stryker with 1,863 jobs, and Intuitive Surgical with 1,236 jobs, according to GlobalData’s Job Analytics database.
New job postings by Medtronic increased by 160% year-on-year in 2021 and decreased by 51% year-on-year in 2022, while those by Stryker decreased by 6% in 2021 and by 20% year-on-year in 2022.
Hiring activity was driven by the US with an 80% share of total new job postings since 2020
The largest share of robotics-related new job postings in the medical device industry since 2020 was in the US with 80%, followed by India (3%) and Germany (2%). The share represented by the US decreased by nine percentage points from 81% in 2021 to 72% 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.
