The Evolution of Healthtech: Aviation Management in the Emerging Roles and Challenges in the Year 2024
The Healthtech sector is in the process of a major transition as the overall world’s population becomes more concerned about their health and well-being. This evolution is producing a new wave of niche positions in many fields related to technology, data analysis, and patients’ needs.
1. Healthtech Employment growth and demand
Some of the obstacles that have been observed include; A decrease in funding as well as a deceleration of investment during the year 2023 In spite of this, the Healthtech sector has shown great flexibility. The CIEL HR’s Health Tech Sector Employment Trends Report shows that this industry has grown by 74% in the past two years. The report shows that hiring for sales positions and for technology and product development positions has gone up by 9% — indicating that the sector is still expanding.
Speaking to CEO of CIEL HR, Aditya Narayan Mishra, he has credited this on the shift in the socio economic factors and due to India’s comparative advantage in medical innovation and patient care. Healthtech, which is expected to grow by 15-20% in employment annually, will continue to expand in 2024.
2. Some Of The New Roles and Skills In Demand
The demands for the talent in this sector include software development, data analysis, quality assurance as well as artificial intelligence. Key positions include:
Technology Roles: This product targets software developers, AI engineers, data scientists, and developers of mobile applications.
Sales Roles: Corporate development managers and corporate sales managers.
Proficient in Python, .Net, data security compliance tools/protocols and Microsoft Dynamics is preferred. These roles depict the sector’s evolution in a direction that focuses on the use of technologies in enhancing delivery of healthcare services.
3. Leadership Critical Success Factors in Healthtech
There is a focus on identifying the leaders who can understand the numerous regulations that surround the health data. Today, there are so many leadership positions in healthcare organizations that require individuals with analytical minds, a good understanding of a patient’s requirements, and professionalism in matters related to ethical issues. With Healthtech experiencing the emergence of data-driven solutions, it will remain the responsibility of the leadership to harness this data to enhance patient experiences.
Founder and CEO at Assiduus Global Inc., Somdutta Singh mentions that the Healthtech sector is leading the wellness wave in 2024 and requires more visionary direction.
4. Headache in Talent Management
On the one hand, the Healthtech sector has lots of opportunities, on the other hand, it suffers from a talent management problem. As with most emerging industries, Healthtech’s employee turnover rate is relatively low with the average of two years as opposed to more conventional industries with an average of five years. High levels of turnover and the predominance of male employees, of which only a quarter of the total number of employees are women, are major challenges.
In order to tackle these problems, the companies need to work towards making the career prospects appealing, diversification and stability.
5. Future Outlook for Healthtech
The following figure illustrates the Healthtech sector’s positions in 2024 and shows that the sector is not immune to external pressures and can evolve and innovate. More and more professionals will find work opportunities in this industry as the field adapts to digital technology. This growth will be best suited for firms that focus on strategic staff acquisition and management.
It is not only on the cutting edge of the wellness craze but also revolutionizing healthcare around the world. As a result of its emphasis on technology and client-centered healthcare, the sector is expected to reach incredible heights in the coming years.
Source:: Â economictimes.indiatimes.com
