Health Care Job Market Set for a Boom
“The healthcare job market will experience a more dramatic growth in the next decade than any other job sector, according to a report from Georgetown University Center on Education and the Workforce.
As baby boomers age, and as Americans continue to eat poorly and not exercise enough, healthcare costs will grow over the next decade and are projected to equal 20% of the GDP, or $6 trillion, by 2020.
To keep up with the ensuing demand for services, the number of healthcare workers would have to grow 30% by 2020, the report said.
By comparison, projected average growth in the number of all jobs in the U.S. over the same period is 17%, meaning healthcare jobs will grow at nearly twice the rate of all U.S. jobs.
‘Because of this rapid growth, the healthcare industry has the potential to provide millions of new high-quality, well-paying jobs over the next decade,’ the report authors wrote. ‘Overall, there will be an estimated 5.6 million healthcare job vacancies between 2010 and 2020.’
The largest creation in healthcare jobs will be in the category of ‘professional and technical workers,’ which includes doctors, registered nurses, licenced practical and technical vocational nurses, and allied healthcare professionals, such as dietitians. That category included 6.5 million workers in 2010 and is expected to grow 26% by 2020, to account for more than 8 million workers.
Jobs in the separate category of ‘healthcare support’ — which includes massage therapist, pharmacy aide, athletic trainer, home health aide, and others — are also forecast to grow by 26% across the next decade, to reach 4.6 million total jobs by 2020.”