The MedTech sector is experiencing a growing demand in products, and this is increasing the need for specialised talent in the industry. Medtech companies need to be fast at producing high technology devices while undergoing a digital transformation as well as navigating complicated regulatory environments. This is creating a demand for highly specialised roles, with engineering being the most sought after roles in the industry.
The growing need for specialised talent is resulting in a global talent-war focused on areas such as engineering, digital transformation, data analysis, biostatistics and regulation & compliance.
To attract this talent, companies need to have an excellent understanding and knowledge of the talent landscape. Talent Acquisition teams need to adopt a pro-active approach and reach out to potential candidates before their competitors do, especially in the areas of high demand / scarce talent such as engineering, etc. Talent research will build a better picture of the market, gaining intelligence and insights which would allow businesses company to make better-informed decisions in the talent market.