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The Medical industry, or the healthcare industry, consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients. The Medical industry is split into six different sectors, which include pharmaceuticals, biotechnology, equipment, distribution, facilities, and managed health care. The Medical industry is one of the world's fastest growing industries. In 2020, the estimated revenue of the Medical industry was $2.6 billion. Major companies include Medtronic, Johnson & Johnson, Cardinal Health, and Abbott Laboratories.
What are common job types in the Medical industry?
Field Service Engineer - A Field Service Engineer in the Medical industry applies engineering, biomechanical, and biology principles to healthcare systems and products such as health management systems, medical diagnostic instruments, and prosthetics. They perform installation, repair, and maintenance for medical laboratory equipment.
Customer Support Engineer - Customer Support Engineers serve as experts in the products that their company manufactures and develops. They find solutions to problems with the products and help customers work through technical difficulties.
Manufacturing Technician - Manufacturing Technicians run and maintain factory equipment and assembly processes, monitor and check the product quality and document results in strict adherence to protocols in medical device manufacturing and the later stages of pharmaceutical manufacturing.
Installation Technician - Installation Technicians are responsible for handling and installing all types of electronic systems and equipment. Installation Technicians are also required to conduct regular checks and maintenance to ensure that the system functions properly, upgrading, or replacing equipment for improvement.
Maintenance Technician - A Maintenance Technician in the Medical industry within a pharmaceutical or medical device manufacturing facility performs routine maintenance of equipment and machinery and helps troubleshoot and repair any mechanical or electrical problems when they arise.
Sales Consultant - Sales Consultants in the Medical industry market, sell, and distribute pharmaceutical products to relevant medical establishments.
Medical Device Sales Representative - Medical Device Sales Representatives are the main contact point for sending out product proposals and quotes that persuade purchase. They conduct presentations for doctors or health executives about their company’s medical device offerings.
What are the highest paying Medical jobs?
Medical Engineer, Medical Supervisor, and Medical Manager positions are the highest paying Medical jobs. For Medical Engineer and Medical Supervisor positions, the average salary is around $70K-$80K per year, while Medical Managers earn an average of $120K per year.
What Medical jobs are in demand?
Field Service Engineers, Customer Support Engineers, Sales Consultants, and Medical Device Sales Representatives are the highest paying Medical industry jobs that are non-medical. Field Service Engineers and Customer Support Engineers can earn up to $80K per year. For Medical Device Sales Representatives and Sales Consultants, the average starting salary is $90K per year, with earning potential up to $140K+ per year.
Why should one start a career in the Medical industry?
According to the Bureau of Labor Statistics, the Medical industry is one of the fastest growing industries in the country. A career in the Medical industry has great earning potential, job stability, and the opportunity to help others. Veterans are well suited for careers in the Medical industry. In particular, JMOs are a great fit for Sales Consultant and Medical Device Sales Representative roles, due to the performance driven, goal oriented, and competitive nature of these roles.
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