5 Reasons the Healthcare Industry is a Secure Career Path
The Bureau of Labor Statistics reports unemployment climbed to 10.0% in October of 2009. Fortunately, that number has fallen off a little to 6.7% in March of 2014. In March 2014, the BLS also reported the “Health Care and Social Assistance” sector had an unemployment rate of just 4.0%.
Even though the typical American workplace isn’t as stable as it was decades ago, the healthcare industry represents the closest thing you can get to a sure bet. But that isn’t the only reason you can’t count on long-term job security in the healthcare industry.
Here are a few more reasons you can expect it to perform well for decades into the future:
- Our population as a whole is getting older. It’s no secret – baby boomers are approaching retirement age. Healthcare services targeted towards seniors will be abundant now and in the coming years.
- Technological advances aren’t slowing down. Somebody’s going to have to administer new treatments for previously untreatable conditions. As advanced as our medical technology is, there are still many conditions medicine hasn’t figured out how to successfully treat. With plenty of room for innovation, you can rest assured that new professionals, skills, and procedures will be needed throughout the future.
- The US is the leading producer of medical technologies in the world. In 2012, the US produced $110 billion in market value for medical technology. That accounts for about 38% of the total value in the world.
- Many companies are working on filling care gaps. Kettering Health Network, based in Dayton, OH, has been working on providing ambulatory care centers for self-employed physicians. In this company’s particular case, they’ve been able to reduce their patient’s length of stay to 20% shorter than that of the competition. With such rapid growth in this industry, it’s reasonable to assume other care gaps that need skilled professionals are present and growing.
- The wireless health market is positioned to grow. The global market will grow from $23.8 billion in 2013 to $59.7 billion by 2018. That’s more than double in 4 years! Basically, think of this as remotely monitoring patient health. Other innovations in this niche will surely present themselves also.
If you’re looking for long-term job security, and you have a passion for healthcare, you’re in a good position for the future. High Desert Medical College can help you prepare for a position such as a dental assistant, medical administrative assistant, ultrasound technician, pharmacy tech, or vocational nurse. Best of all, it’s easy to find out more. Just contact us today or stop by anytime. We love walk-ins and no appointment is ever necessary to meet with our staff!