Med Tech Success in Asia: Finding Innovative Approaches to Talent

Asia’s medical technology industry is projected to experience top line growth at 2-5 times the rate of developed markets. Yet, human capital problems are constraining the growth of many medical technology firms in Asia. Among the hurdles: talent shortages, a need for both industry and local market expertise, generally high attrition, and often, lack of mobility. To reduce the drag on growth, companies can implement specific, strategic approaches to talent identification and recruiting, building executive bench strength, onboarding new hires, being creative with compensation and adjusting job levels and titles.