The life sciences industry is constantly evolving and will continue to pave the way in innovation in Hong Kong SAR for 2022 extending from primary care to medical devices and start-ups to big pharma.
Many patients and customers have new and varied expectations in healthcare. To meet these demands, life science organisations would need to employ data analytics to optimise workflow, provide high-quality treatment and improve outcomes.
We expect to see more demand for talent in digital sales and marketing, data sciences and analytics and regulatory affairs from life sciences companies in 2022.
life sciences industry trends 2022
1. fast-tracking R&D and improving patient experience with data
The life sciences and health care industries rely on data analytics more than ever before. Data and research are critical to deliver better patient outcomes and engage with customers as well as to target clients in marketing.
Healthcare and medical companies are adopting new technology and exploring the use of artificial intelligence (AI), machine learning, as well as data analytics to speed up research and development (R&D), and applications of healthcare innovations.
The digital era’s innovations are also embraced by healthcare professionals, as more are starting to use medical equipment and robotics to perform less invasive surgeries.
2. increasing use of home care and telehealth services
The ageing population and increasing number of health-conscious patients are driving the demand for better home care and telehealth services. There is growth potential in the telehealth scene to build digital platforms that effectively connect healthcare professionals with patients or to automate medication subscriptions for patients with chronic or long-term illnesses.
3. candidates seek work flexibility and better work-life balance
Despite being overworked during the pandemic, the risk appetite for a job change within the life sciences industry remains low. Candidates are attracted to employers that offer hybrid or remote work options and when asked what type of companies they would like to work for, many job seekers have a preference toward start-ups with IPO potential.
in-demand life sciences jobs in 2022
With the emergence and increased usage of data analytics in the life sciences industry, companies will be on the lookout for digitally savvy and innovative candidates in R&D as well as sales and marketing in 2022. Researchers who can manage and analyse data in a digitised work environment will be highly sought-after. Employers are also looking to hire sales and marketing professionals to drive better customer engagement and experience.
Licensed medical professionals, such as healthcare professionals, physiotherapists and radiographers, are needed to meet the growing demands of primary care services. It’s hence not uncommon for some qualified talent to receive multiple job offers.
2022 salary trends for life sciences professionals
When searching for new employers in 2022, candidates in commercial roles such as sales and marketing can expect a salary increase of 18% to 20%. High in-demand specialists and technicians would be able to command up to a 25% wage increase when they switch employers.
Those looking for a career in healthcare start-ups would also negotiate for equity as part of their remuneration package if the company has IPO plans.
download the digital copy of the hong kong SAR 2022 job market outlook and salary snapshot
key highlights in the life sciences industry outlook in 2022
- evolution of job responsibilities and required skills for life sciences in 2022.
- anticipated job mobility of professionals across industries and different levels of seniority.
- salary snapshots for more than 35 different life sciences jobs.
read more on 2022 talent trends in hong kong in other industries:
- banking and financial services
- accounting and finance
- HR and business support
- sales and marketing
- sourcing and supply chain
If finding exceptional talent for your business is a key challenge or if you want to take your workforce ready for the future of work, please get in touch with us. You can also check our key areas of expertise in life sciences recruitment.