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Where to Find the Best Biotech and Medical Devices Talent

23 July 2021

By Jay Freeman

Where to Find the Best Biotech and Medical Devices Talent

The biotech and medical devices sectors are booming, yet supply might not be meeting demand at the same rate.

With record-high investments and the acceleration of technological advancements, there is now a rush to secure the talent necessary to keep the ball rolling.

Globally, the industries are thriving, yet some areas are far likelier to have a highly-skilled talent pool, or have emerging talent specialising in specific areas that are in high demand.

Let’s take a look at the hotspots that might be vital to your hiring efforts.

Switzerland

Back in 2019, Switzerland was ranked in a study commissioned by Johnson & Johnson as the best country for life sciences investment due to hitting eight criteria, most pertinent of which was most innovative environment and availability of qualified staff.

Switzerland has a reputation for excellence in medicine, so it follows that it would have a highly skilled talent pool.

Additionally, the government’s commitment to R&D means that much of the talent lies in this area, which is only bolstered by Switzerland’s long-term vision on the development of their life sciences industry on the whole.

For organisations in the medical industry, Switzerland is well positioned for finding skilled candidates due to being classed (alongside Germany) as the most productive economy for pharmaceuticals manufacturing in Europe.

All in all, Switzerland is home to many top universities, is likely to have a highly skilled, and in-demand talent pool due to consistent investment.

Belgium

Belonging to the top tier of pharmacy, medtech, biotech and diagnostics leaders, Belgium regularly receives high investments.

The unique advantage to looking towards Belgium for candidates is the multidisciplinary approach that many life sciences employees have in the country, combining industry-specific skills with IT knowledge and multiple other disciplines.

Software, data integrity, production processes and quality assurance are all cited as specialisms amongst life sciences employees in Belgium due to the rising popularity of ‘combination jobs’. 

Long story short? Belgium is a hotspot for those looking for multidisciplinary employees - and, as a bonus, a high percentage of these employees are multilingual!

Germany

Germany has a reputation for its high-calibre workforce, which is why it’s an ideal location for organisations scouting for talent.

In fact, Germany’s high-calibre workforce combined with its ground-breaking research have contributed to the over one thousand medical technology patents granted in 2020.

Nearly 81% of the German population have been educated to a university entrance level (or equivalent), and 48 German universities are counted among the best in the world, according to the Times Higher Education World University Rankings 2020.

With so many top academic and research institutes and such a strong emphasis on innovative, dynamic approaches, Germany is the perfect place to find candidates that are highly skilled and potentially proficient in cutting edge medical advancements.

It’s also the European Union’s third largest producer of medtech technology – if an organisation was looking to secure the best talent, Germany would be well placed to provide it.

Ireland

Having evolved into a strong manufacturing hub for medtech, Ireland is one of the up-and-coming hotspots for the sector.

With collaborative clusters in pharmaceuticals, biotechnology, medical devices and diagnostics that have been essential in Ireland’s growth, it’s only expected to become even more prominent on the list of hotspots.

The remarkable growth seen is a result of the talent in Ireland and the education system, with one of the youngest and most educated workforces in Europe – over 50% of people in Ireland have received college-level degrees.

For organisations looking for younger, dynamic candidates with strong academic backgrounds, Ireland is ideal.

Netherlands

3,100 R&D life sciences companies, 420 biopharmaceutical companies, 65,000 employees in pharmaceuticals and a €4.7 billion euro medtech market – the Netherlands is a constant fixture on the map when it comes to biotech and medical device hotspots.

Academically, the Netherlands is also extremely appealing to organisations looking for access to top talent, with 28 campuses, 8 university medical centres, and 13 universities engaged in a variety of life sciences research.

According to KPMG, the Netherlands ranked 7th and 8th place worldwide in attractiveness to highly skilled workforce and student skills, 3rd place worldwide in workforce productivity – all in all, the Netherlands has a highly skilled, productive and engaged workforce.

Organisations looking for talent in the Netherlands won’t have to look too far, given the high number of medtech and biotech companies alongside all of the academic institutions. 

The excellent academic research infrastructure of the Netherlands has a focus on translational research in oncology, alongside cardiovascular, immunology and neuroscience, making it a very well-rounded location in terms of academic accessibility, workforce skills and specialist talent.

What you should be looking for

When looking elsewhere for talent, there are a few factors to consider, from the academic credentials of a location to the workforce statistics in terms of key specialisms, productivity and working style/skills.

Each country has a different economic, academic, governmental and workforce makeup that will suit the different needs of organisations differently.

As an example, Germany consistently ranks highly for both a booming economy and a high-calibre workforce, which is why it’s such a fast growing and dominant force in the industry – making it the perfect location for those looking to benefit from innovation and a talent pool that is versed in digitalisation and emerging technology.

During such a period of growth, looking elsewhere for larger, skilled talent pools is a way to ensure that an organisation doesn’t lag behind the growth, but moves alongside it.

If you’d like assistance securing top talent for your organisation, get in touch with the Panda team. 

Snippet:

The biotech and medical devices sectors are booming, yet supply might not be meeting demand at the same rate.

With record-high investments and the acceleration of technological advancements, there is now a rush to secure the talent necessary to keep the ball rolling.

Globally, the industries are thriving, yet some areas are far likelier to have a highly-skilled talent pool, or have emerging talent specialising in specific areas that are in high demand.

In our latest blog, we take a look at the hotspots that might be vital to your hiring efforts.


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