Vacancysoft MedTech Industry Analytics Report

04

Regional Breakdown

04

Regional Breakdown Scientific Vacancies, Med Devices, UK, 2021-23* Est

Regional Breakdown, by Share Scientific Vacancies, Med Devices, UK, 2021-23*

100%

7.3% 7.1% 4.7% 4.1%

5.9%

South

9.2%

8.8% 6.2% 5.5%

250

500

750

1,000

7.5%

75%

7.2%

North

8.1%

13.3%

13.9%

17.6%

Greater London

57.9%

50%

Midlands

54.7%

49%

Wales

25%

Northern Ireland

Scotland

50

100

150

200

250

2021

2022

2023* Est

South North Greater London

Midlands Wales N. Ireland

Scotland

2022

2023* Est

2021

Source: Vacancysoft Analytics

Source: Vacancysoft Analytics

Fig. 03

Fig. 04

2023* - Estimation

2023* - Estimation

The landscape of scientific job opportunities in the Med Tech sector is undergoing notable shifts across various regions in 2023. Like in other industries, there has been a move of jobs from the southern regions to the north. With that, here’s a comprehensive breakdown of the latest trends and talking points: Historically, the South region has been the most productive, and this trend continues in 2023. However, there’s a projected -20.3% decrease compared to previous years. Looking ahead, the concentration of jobs in the south is noteworthy, and the overlap between the golden triangle in pharmaceuticals and the associated job flow in med tech is interesting to see. Equally, there has been a nationwide rebalancing. The North and Midlands regions are expected to see positive changes. The North anticipates a remarkable 24.7% increase in annual totals, with approximately 231 scientific job vacancies. Similarly, the Midlands region is estimated to experience a 10.3% year-on-

year increase.

Both Scotland and London are set to witness slight decreases in scientific job vacancies in 2023, with -12.6% for London and a more significant -35.0% for Scotland. Northern Ireland stands out with a substantial 145.3% year-on-year change, signalling a significant uplift in scientific job opportunities in the region. The share of scientific jobs across regions is also evolving. While the South region held the majority share in 2022 with 57.9%, it’s projected to decrease to 49% in 2023. In contrast, the North region is expected to see an increase in share, rising from 13.3% to 17.6%. Additionally, the Wales region may witness growth, increasing its share from 5.5% to 7.1%. London, on the other hand, is expected to maintain a steady share, resembling 2022 values, and remaining above 8%.

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