| Health care is a recession free industry. The world | | | | not visualized earlier. But as medical sector turn |
| health care industry is generating the maximum | | | | professional they are being run like organizations. |
| number of jobs during the economic meltdown. The | | | | Second, the growth is being spurred by greater |
| average job creation in this sector is three to four | | | | corporate presence in the sector. New term like |
| people per hospital bed. The industry currently creates | | | | medical transcription, medical tourism, healthcare |
| about 1.5 million to two million jobs every year. It has | | | | outsourcing, medical back office support and a |
| predicted that this momentum will be maintained for | | | | booming clinical diagnostics segment are suddenly |
| the next 15 years. Recession had not hit health care | | | | gaining currency. Increasing health awareness among |
| industry in any way. Health care industry is creating an | | | | the youth, a metropolitan lifestyle and an increasing |
| equal number of jobs in both health care and medical | | | | percentage of household expenditure on health are the |
| fields. Thirty five percent of employees are in other | | | | key reasons for this growth. |
| medical functions such as administration, management, | | | | All this is expected to give a huge boost to |
| marketing and IT professionals. Today the industry | | | | employment in the medical and health care segment. |
| requires medical transcriptionist, medical equipment | | | | Medical tourism too has added a new zing to the |
| industry, and pharmaceutical industry to manage | | | | success story of South Asian nation's health care |
| hospital systems. | | | | industry mainly Indian health care. A majority of |
| A decade ago, most hospitals were run by | | | | international patients are from the UK and US to India |
| doctor-entrepreneurs, who treated patients and also | | | | where health care facilities at one seventh of the |
| performed management roles. But now the industry | | | | costs in the US. |
| has turned professionals. There is an expert for each | | | | Job opportunities exist in various segments including |
| job role. So many jobs are being created in the | | | | R&D, production, quality assurance, sales and |
| industry because it has turned professional. First, for | | | | marketing as well as regulatory sector. Biotechnology |
| example the doctor who owns a nursing home or | | | | is also creating new job avenues in the medical field. |
| hospital no longer looks after the administration. New | | | | Clinical research has become the hot new area of |
| age hospitals have adopted the latest management | | | | work. Promotions are based on performance and |
| professionals. The need for such a department was | | | | competency as well as organizational requirements. |