Sanford-Brown Blogs

The Healthcare Industry Is Growing

April 10, 2009 0 Comments

The world is taking notice of the massive growth in the healthcare sector in recent years. The availability of various healthcare positions has created a renewed interest in healthcare courses and healthcare programs across the nation. In an age of closing factories and shrinking brands, the healthcare system is resilient and adding new positions by the day. According to The Bureau of labor Statistics, the healthcare industry was the largest industry in 2006, healthcare provided 14 million jobs-13.6 million jobs for wage and salary workers. The Bureau of labor Statistics goes on to say the healthcare industry will generate 3 million new wage and salary jobs between 2006 and 2016, more than any other industry. Seven of the twenty fastest growing occupations are health care related and job opportunities should be good in all employment settings. Source: http://www.bls.gov/oco/cg/cgs035.htm.

While the data proves that the healthcare industry is expanding, many students and emerging professionals are asking how the healthcare industry has avoided the common downsizing of industries caused by the currently sluggish economy. There are many reasons why the healthcare industry continues to expand while retailers and other industries are shrinking. Let's take a look at some of them.

Aging Population
The first reason for the expanding healthcare system is the increasing number of elderly people. As life expectancy grows, there are many of citizens who are in need of continual medical care and oversight. The number of people in older age groups, with much greater than average healthcare needs, will grow faster than the total population between 2006 and 2016; as a result, the demand for health care will increase. Source: http://www.bls.gov/oco/cg/cgs035.htm. This is also contributing to the growing use of geriatric centers, nursing homes and elderly health facilities. The boomer baby generation has the income to afford these facilities, and often cannot provide adequate care for their parents within the normal household setting. This is why many healthcare class students seek employment in these areas.

Technology
The progression of new medicines and technology is also contributing to the growth of the healthcare system. Healthcare facilities are growing as they are able to provide care for new patients and illnesses. Medical group practices and integrated health systems will become larger and more complex, increasing the need for office and administrative support workers. Industry growth also will occur as a result of the shift from inpatient to less expensive outpatient and home health care because of improvements in diagnostic tests and surgical procedures. Source: http://www.bls.gov/oco/cg/cgs035.htm.

Healthcare is expanding in and outside of the inpatient hospital center, pharmacy technicians, medical assistants, and other medical staff roles continue to flourish in the dwindling economy. Intuitive students are recognizing this trend and pursuing careers in healthcare by enrolling in healthcare programs and healthcare courses. According to the Bureau of Labor statistics, job opportunities should be good in all employment settings because of high job turnover, particularly from the large number of expected retirements and tougher immigration rules that are slowing the numbers of foreign health care workers entering the United States.

Those with healthcare class experience will be better prepared to pursue a career in this growing field. To learn more about healthcare courses that can prepare you to pursue this expanding career, click here.

Sanford-Brown - Hazelwood is close to many locations:
Ballwin, MO - approximately 22.2 miles
Saint Peters, MO - approximately 17.6 miles
O'Fallon, MO - approximately 22.3 miles
St. Louis, MO - approximately 20.8 miles

Sources:

Bureau of Labor Statistics, U.S. Department of Labor, Career Guide to Industries, 2008-09 Edition, Health Care, on the Internet at http://www.bls.gov/oco/cg/cgs035.htm (visited January 21, 2009).

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