Strength of the medical products industry
There continues to be quite a bit of anecdotal data that the medical products industry, including medical device, biotechnology, and pharmaceutical sectors of the industry, is healthy and employment is running counter to the recession. I do not have definitive evidence why hiring is strong in this industry, but the assumption must be that most medical products companies are flush with cash, have products ready for launch in the next year, or are building staff in advance of an upswing in the economy. It could be all of the above. As discussed previously, the medical products industry is currently undervalued, especially if the predicted decrease in unemployment and improvement in the economy occurs late in 2010.
A spot check of employment opportunities at a few medical products companies indicates that there is strong reason for optimism:
I could go on, but it wouldn’t be practical. The point is that there appears to be strength in the medical products segment of the economy.
I’m just trying to be optimistic. We need that particular trait these days.
By Michael W Simpson
A spot check of employment opportunities at a few medical products companies indicates that there is strong reason for optimism:
- Amgen has nearly 50 sales positions available nationwide. This is a strong indicator of future revenue growth at the company.
- Medtronic has over 200 positions at various levels.
- Boston Scientific has over 240 positions.
I could go on, but it wouldn’t be practical. The point is that there appears to be strength in the medical products segment of the economy.
I’m just trying to be optimistic. We need that particular trait these days.
By Michael W Simpson