Manifold Healthcare Career Opportunities in 2024

The healthcare industry in India is not just a mere sector, it is a lifeline for everyone where innovation and compassion converge ensuring a healthy and prosperous future for millions of people. Healthcare is a vast and multifaceted sector that offers a diverse range of healthcare career opportunities for early healthcare professionals or students in the medical field. Due to recent healthcare challenges in the Indian market, the demand of healthcare professionals and related services is on rise. There are multiple roles that you can explore within the healthcare industry. Here are some of these:

Clinical Research Associates

According to the Clinical Trial Registry India, the registered clinical trials are 54,547 and it is ongoing in India. The Indian Clinical Trail market is estimated to be valued at $2.07 billion in 2022. However, the market size is expected to reach $ 3.88 billion USD by 2030. 

Clinical Research Associates play a pivotal role in the development and testing of new drugs and medical devices. They ensure that the clinical trials are conducted ethically and safely. 

Are you passionate about science with a strong attention to details and enjoy working with people? 

A career as a clinical research associate could be a perfect fit for you. 

What is a Clinical Research Associates?

As a Clinical Research Associates in clinical operations, you are typically responsible for setting up, coordinating, and supervising clinical studies. You plan, prepare and help carry out clinical trials to test new or existing investigational products. The work is usually done within pharmaceutical companies or clinical research organizations who conduct it on behalf of pharmaceutical companies. 

A Clinical Research Associate is a healthcare professional who works with sponsors, investigators, and other research staff to manage clinical trials. Their responsibilities of a CRA include: 

• Monitoring clinical trials sites to ensure compliance with regulations and protocols
• Reviewing and verifying patient data
• Recruiting and enrolling patients in trails
• Communicating with investigators and sponsors of clinical trials 
• Preparing report and documentation

Healthcare Career Opportunities for CRAs

There are several factors that contribute to an increase in demand for clinical research associates in India: 

Pharmaceutical Industry Growth: India is the home to a rapidly growing pharmaceutical industry with many multinational companies setting up operations here. This has led to an increase in the number of clinical trials being conducted in the country. 

Rise in Chronic Diseases: India has a large and growing population suffering from chronic diseases such as diabetes, heart disease and cancer. This has created a need for new drugs, and treatments, which can only be developed through clinical trials. 

Government Support: The growth of the healthcare industry includes initiatives by the Indian government such as the establishment of the National Institute of Biomedical research and the introduction of a fast-track approval process for clinical trials. 

Growth Potential for CRAs in India

In the upcoming years, the growth potential of Clinical Research Associates in India is excellent. The industry is expected to continue to grow at a rapid pace, creating a high demand for qualified healthcare professionals with the right skills and experience, CRAs can enjoy a successful and rewarding career in India. 

According to Mordor Intelligence, the global market size of medical coding is anticipated to rise at a considerable rate during the forecast period between 2024 to 2031. In 2023, the market is growing at a steady rate. 

With the rise in adoption of strategies by key players in the market, it is expected to rise over the projected horizon. 

Based on the report of AMA press release, the 2024 CPT coding updates created 349 editorial changes, including 230 additions, 49 deletions and 70 revisions. 

With 11,349 codes describing medical procedures and services available to patients, the CPT code set continues to grow and evolve with the rapid pace of innovation in medical science and health technology. 

What is a Medical Coders?

A medical coder especially translates details from a patient’s medical documents, such as lab reports, physician’s notes, procedures, and diagnoses into universal medical coders to maintain accurate medical records of a person. Healthcare providers and insurance companies use these standardized codes for billing and record-keeping. 

Demand of Medical Coders in India

In India, the demand for medical coders and medical coding programs is rising by 40% higher than the supply. The increase in the job opportunities for medical coders may lead to faster growth with the integration of technology and data increase in the healthcare industry. 

Due to an increase in the demand of healthcare services, career advancement opportunities, global outsourcing of medical coding services, availability of training and certification programs, growing need of accurate and timely medical coding, and contribution to the healthcare industry. 

Are you considering your career in the healthcare industry? 

Medical coding may be the right career choice for you. With a demand for skilled medical coders and opportunities for career advancements and job security, medical coding offers a stable and rewarding career path. 

Growth Potential for Medical Coders

When it comes to growth potential for medical coders in the healthcare industry, there are five things that will show you how it is growing. 

Growing Healthcare Industry: The healthcare sector is expanding globally, and with the same, the need for accurate medical coding is also increasing simultaneously. As the healthcare facilities, clinics, hospitals, and insurance companies require coding services, there will be a continuous demand for skilled medical coders. 

Increasing Emphasis on Data and Analytics: Medical coding plays a crucial role in generating healthcare data which is specifically used for research, quality control, and decision making. The healthcare industry focuses more on data-driven insights and analytics now, the importance of accuracy in coding becomes more evident.

Changing Regulatory Landscape: Healthcare regulations and coding guidelines are constantly evolving. As the rules and regulations of new coding systems are introduced, there will be a need for training professionals who can adapt and stay up-to-date with latest developments. 

Remorse Work Opportunities: Medical coding field offers the potential for remote work opportunities. Many medical coding positions can be performed remotely providing flexibility and work-life balance for coders.

Career Advancement: Medical coders are serving in the healthcare industry as a stepping stone for career advancements. With experience and additional certification, coders can explore roles such as coding auditors, coding managers, compliance officers, or even transition into other healthcare administrative positions.

Clinical SAS

Clinical SAS in healthcare is a powerful statistical software package used for a wide range of tasks related to clinical research, data analysis, and regulatory compliance. It is specifically designed to handle the complex and nuanced data generated in clinical trials and other healthcare studies. 

Due to rapid growth in clinical trials, demand for the clinical SAS programmer is growing with global pharmaceutical companies and CROs are increasing outsources from India. The current size of the clinical trials market is $ 49.8 billion USD which is expected to grow to $ 78.3 billion USD by 2030. 

What is a Clinical SAS Programmer?

Clinical SAS programmers work in different organizations or industries such as healthcare, Pharma, or clinical research organizations, where SAS programmers use their skills to create and manage software used by doctors, nurses, and other medical professionals. 

A Clinical SAS programmer is a specialist who specifically uses the SAS software platform to analyze, manage, and report collection of data during clinical trials and other healthcare research projects. Clinical SAS programmers play a crucial role in bringing new drugs and treatments to market extracting valuable insights from often complex and large datasets. 

Healthcare Career Opportunities for Clinical SAS Programmers

The demand for Clinical SAS Programmers is growing globally, driven by several key factors such as, increased clinical trial activity, regulatory requirements, advancement in technology, and limited time pool. The biotechnology and pharmaceutical industry is conducting more clinical trials than ever before, as they strive to develop new drugs and treatments for various diseases where it translates into greater needs for Clinical SAS professionals. 

Regulatory agencies such as FDA and EMA have stringent data quality and reporting requirements for clinical trials. Furthermore, the adoption of new technologies in Clinical research, such as Electronic data capture, and clinical trial management systems. Despite growing demand, the pool of qualified Clinical SAS programmers remains relatively small. This creates a competitive job market with attractive salaries and career prospects for skilled individuals. 

The global market for clinical research outsourcing services is expected to reach $60.8 billion by 2027, indicating a continued rise in clinical trial activity and demand for skilled clinical SAS Programmers professionals. Based on a report by Ambition box, the average salary for a clinical SAS programmer in India is ₹ 5.5 LPA, with salaries varying based on location and experience.

Growth Potential of Clinical SAS Programmers

The growth potential of clinical SAS programmers is promising for those willing to invest time and effort. The industry rewards expertise, and professionals demonstrating a deep understanding of the software and its applications to climb up the ladder at a rapid pace. 

Medical Scribe

The value of medical transcription is projected at $3.79 USD billion by 2029. The medical transcription market is projected to grow at a compounded annual growth rate of 12.30% during the forecasting period of 2022-2029. 

Medical record review in healthcare is the systematic evaluation of a patient’s medical history documented in their records. This review serves various purposes, ranging from ensuring quality of care to informing legal proceedings. 

Medical Record Review Scientist

The Global Medical Transcription market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players and is expected to rise over the projected horizon.

The Medical scribing industry is growing rapidly in India, the demand for qualified scribes is expected to continue to increase in the coming years. This is due to several factors, including the increasing burden on doctors. Doctors are increasingly time-pressed and overworked.

What is a Medical Record Review Scientist?

Medical Record Review Scientist is a professional who conducts research on medical records to identify patterns and trends in patient care. They analyze medical records to identify areas of improvement in patient care and to ensure that medical records are accurate and complete. Medical Record Review Scientists works to improve the quality of medical records by developing new methods for collecting and analyzing data.

Demand of Medical Record Review Scientist 

US Bureau of Labor Statistics projects a 10% job growth rate for Medical Scientists (which includes Medical Review Scientists) between 2024 and 2031, faster than the average for all occupations. Indeed lists over 10,000 open Medical Review Scientist positions globally, across various specializations and locations.

Areas like oncology, rare diseases, and gene therapy show even higher demand, offering  specialized Review Scientists lucrative career options.

Career Opportunities of Medical Record Review Scientist 

The growth potential for Medical Record Review Scientists is strong and multifaceted. By harnessing their expertise in record analysis, data interpretation, and regulatory compliance, Review Scientists can thrive in the evolving healthcare landscape. 

This field offers promising career opportunities for individuals seeking a challenging and impactful role in the medical field. 

After a few years of experience, medical reviewers can advance to positions with more responsibility, such as lead reviewer or supervisor. With additional experience, they may move into management positions, such as director of medical review.

Biostatistics 

Biostatistics is a discipline that applies statistical methods to the analysis of biological and medical data. Its primary focus is on gathering, interpreting, and presenting data to enhance our understanding of health and disease, inform clinical decision-making, and advance scientific knowledge in biological and medical fields. 

The global biostatistics consulting service market is expected to grow at a CAGR of 9.5% from 2024 to 2029. Biostatistics is an applied field for statistics to biological, life sciences, and health related data.

In India, the Biostaticians outsourcing market is set to grow 15% in two years. 

“India can be looked at as the outsourcing hub for biostatisticians and clinical programming as presently Biostasticians forms 10% of the overall clinical trials market which is significantly higher than the global average of 7%” says Sarabjeet Sharad – Senior research analyst at Beroe. 

What is a Biostatistician ?

A biostatistician is someone who applies mathematics and statistical methods to answer questions in medicine, public health, biology and similar fields. In other words, biostatisticians help the medical field make data-driven decisions through mathematical analysis.

Demand of Biostatistician

The job market for biostatisticians is growing rapidly with a projected demand of 12% growth through 2026. The increase is due to the increasing demand for data-driven decision-making in the healthcare and pharmaceutical industries.. This surging demand for their expertise will likely be accompanied by above-average salaries.

Growth potential for Biostatistician

Biostatisticians are expected to witness a remarkable 31% jump by 2031,significantly exceeding the average for all occupations. Healthcare, research institutions, pharmaceutical companies, and government agencies all require biostatisticians.

Growth potential for Biostatisticians: A promising future!

The outlook for biostatisticians is incredibly positive, with exceedingly high growth potential and strong earning opportunities. Here’s a breakdown of the good news:

Job Growth

• 31% projected growth from 2022 to 2032, much faster than the average for all occupations (Bureau of Labor Statistics).
• This translates to thousands of new job openings each year, creating high demand for skilled professionals.

Salary

• Median annual salary of $96,280 (BLS), with potential to reach $126,004 (Indeed).
• This puts biostatisticians among the top earners in the field of mathematics and statistics.

Factors Driving Growth

• Increased focus on personalized medicine: Biostatisticians play a crucial role in analyzing clinical trials and designing personalized treatment plans.
• Aging population and rising healthcare costs: Demand for effective healthcare solutions is growing, leading to increased reliance on biostatistics for research and analysis.
• Advancements in technology: The rise of big data and machine learning creates new opportunities for biostatisticians to analyze complex datasets and improve healthcare outcomes.

Bioinformatics

Bioinformatics is an exciting and multidisciplinary field that blends biology and computer science. It focuses on developing tools and techniques to analyze, manage, and interpret biological data, especially large and complex datasets like DNA sequences, protein structures, and gene expression profiles.

The Bioinformatics Market size is estimated at USD 16.36 billion in 2024, and is expected to reach USD 23.97 billion by 2029, growing at a CAGR of 7.94% during the forecast period (2024-2029). In India, the Bioinformatics market is projected to grow from $0.28 Bn in 2023 to $1.15 Bn by 2030, registering a CAGR of 19.30%. 

What is a Bioinformatician?

A bioinformatician is a fascinating hybrid of biologist and computer scientist, applying their expertise in both fields to analyse and interpret biological data. They’re essentially data detectives, using computational tools and techniques to unravel the secrets hidden within the vast ocean of biological information.

Demand of Bioinformatics Scientists

The demand for bioinformaticians is skyrocketing, fueled by the explosion of biological data, advancements in healthcare and technology, and the rising need for personalized medicine. This dynamic field offers exciting career prospects and rewarding opportunities for individuals with the right skills and passion for making a difference in the future of biology and medicine.

Career Opportunities for Bioinformaticians

The global bioinformatics market is expected to grow at a compound annual growth rate of 13.7% from 2023 to 2030 to reach USD 28.5 billion by 2030. The growth potential of bioinformaticians is not just high, it’s phenomenal. This dynamic field offers a lucrative healthcare career opportunities, a chance to make a real difference, and the opportunity to be at the forefront of scientific and technological advancements. 

AI, ML and Data Analytics in Healthcare

Healthcare Analytics jobs are projected to increase more than any other occupational group. Employment in healthcare is expected to grow at a rate of 13% from 2021 to 2031. Whether you’re a data analyst interested in pivoting into healthcare, or a healthcare professional seeking a more traditional 9-5 job, becoming a healthcare data analyst could be a good fit for you. 

What is AI, ML and Data Analytics in Healthcare? 

AI, ML, and data analytics are revolutionizing healthcare, bringing us closer to a future of personalized medicine, preventative care, and more efficient healthcare systems. Here’s a breakdown of each term and how they’re transforming healthcare:

Artificial Intelligence (AI) in healthcare refers to the use of intelligent machines to mimic human cognitive functions like learning, reasoning, and problem-solving. AI algorithms can analyze vast amounts of medical data, including electronic health records, medical images, and genomic data, to uncover hidden patterns and trends. This allows AI to:

• Assist in diagnosis: AI can analyze medical images like X-rays and MRIs to detect diseases with higher accuracy and speed than human doctors alone.
• Predict patient outcomes: AI can analyze a patient’s medical history and other factors to predict their risk of developing certain diseases or complications. This allows for early intervention and personalized treatment plans.
• Develop new drugs and treatments: AI can be used to design and test new drugs and therapies, accelerating the drug discovery process.

Machine learning (ML) is a subset of AI that focuses on algorithms that can learn and improve over time without being explicitly programmed. ML algorithms are trained on large datasets of healthcare data, and they can then be used to make predictions or classifications on new data. Some examples of how ML is used in healthcare include:

• Personalizing treatment plans: ML algorithms can analyze a patient’s individual data to recommend the most effective treatment options for them.
• Identifying patients at risk of readmission: ML can be used to identify patients who are at high risk of being readmitted to the hospital after being discharged. This allows for targeted interventions to prevent readmissions.
• Automating administrative tasks: ML can be used to automate tasks such as scheduling appointments and claims processing, freeing up healthcare providers to spend more time with patients.

Data analytics in healthcare is the process of collecting, cleaning, and analyzing healthcare data to gain insights that can improve patient care and healthcare system efficiency. Data analytics can be used to:

• Track disease outbreaks: By analyzing data from hospitals and clinics, data analytics can help track the spread of infectious diseases and identify potential outbreaks.
• Improve patient safety: Data analytics can be used to identify patterns in medical errors and near misses, which can then be used to implement safety measures to prevent them from happening again.
• Reduce healthcare costs: Data analytics can be used to identify areas where healthcare spending can be optimized, such as by reducing unnecessary tests and procedures.

Overall, AI, ML, and data analytics are powerful tools that are transforming healthcare in many ways. These technologies have the potential to improve the quality of care, reduce costs, and make healthcare more efficient and accessible for everyone.

It is very important to note that, while these technologies offer many benefits, there are also some ethical considerations that need to be addressed. For example, ensuring that AI algorithms are not biased and patient data is protected. As AI, ML, and data analytics continue to evolve, it is very important to have a thoughtful discussion over healthcare career opportunities and about how these technologies can be used responsibly to benefit patient and healthcare systems. 

Demand of AI, ML and Healthcare Analytics in Healthcare

According to Binaricks, the global AI in the healthcare industry was valued at $16.3 bn in 2022 and is expected to grow at a compound annual growth rate of 40.2% to reach $173.55 bn by 2029. The use of AI in the healthcare market is experiencing a remarkable growth and surge in its acceptance. 

Based on Analytics Vidhya, Machine learning is another area of impact where AI for healthcare is useful for disease prevention, monitoring, preventing and prediction of potential outbreaks. With the analysis of patient data, where machine learning algorithms can identify disease risk factors and help doctors intervene before symptoms appear. 

Furthermore, Mordor Intelligence says that the market size of healthcare analytics is estimated at $ 46.5 bn in 2024. It is expected to reach $130.49 bn by 2029, growing at a compound annual growth rate of 22.92% during the forecast period of 2024-2029. 

Healthcare Analytics jobs are projected to increase more than any other occupational group. Employment in healthcare is expected to grow at a rate of 13% from 2021 to 2031. Whether you’re a data analyst interested in pivoting into healthcare, or a healthcare professional seeking a more traditional 9-5 job, becoming a healthcare data analyst could be a good fit for you. 

Career Opportunities for AI, ML and Data Analytics in Healthcare

Healthcare leaders are finding that AI has the potential to bring transformative improvements to care by expanding access to underserved groups, advancing the causes of health equity, and reducing ethnic and racial disparities in care quality in clinical diagnostics, system operations, or community health management. 

Machine learning is already being used in the healthcare industry to develop personalized treatments for patients. ML can analyze large datasets of medical records, genomic data, and other patient information to develop more accurate diagnoses and treatment plans. 

The major application of data analytics in healthcare includes managing patient health records as hospitals need digital medical records for substantial cost savings and extracting data from administrative and diagnostic systems to update them in real time. 

Conclusion

In conclusion, our CliniLaunch specifically offers a comprehensive range of courses or training and certification programs and job roles catering to the various interests and skillsets in the healthcare industry. CliniLaunch offers healthcare career opportunities to early professionals seeking upskilling or a newcomer eager to launch your career. CliniLaunch can help you equip yourself with knowledge and experience you need to succeed in the healthcare industry.