Southern California’s Growing Healthcare Industry
San Diego may be famous for its seemingly endless miles of white-sand beaches and amazing weather, but it’s also well-known for pharmaceutical drug development and medical technology in the healthcare industry. As reported by The San Diego Union-Tribune, San Diego is home to one of the most sophisticated medical industries in the country. Along with renowned academic medical centers and clinically focused hospitals, San Diego is known for providing high-quality primary care and other medical specialties. Furthermore, the healthcare industry is one of the largest employers and fastest-growing sectors in the region.
What Has Spurred This Growth?
San Diego has long been regarded as a health-driven community. However, one of the big reasons it’s considered a leader in health innovation today is due to the “Live Well, San Diego” initiative, the city’s 10-year plan to build a healthy, safe, and thriving community environment. With the help of this initiative, the city has created more than 8,000 healthcare jobs over a five-year span and more than 1.2 million square feet of additional hospital space.
While these advancements are great indicators of success for those pursuing a career in the healthcare industry, they are also very beneficial for the San Diego economy. The San Diego Regional Economic Development Corporation (EDC) estimates that for every $50 million in healthcare spending, including insurance coverage and medical tourism, 600 jobs or more are created in the San Diego medical sector.
The Future of San Diego’s Healthcare Community
Along with areas such as life sciences, clean energy, advanced manufacturing, and information technologies, the healthcare industry is poised for optimal job growth in the San Diego area over the next 10 years. Unlike other industries that are still recovering from the Great Recession, San Diego’s healthcare sector actually grew by 11 percent. With more than 100,000 people working in medical positions around the county, health-related jobs currently account for 10 percent of all jobs in the region.
The three most prominent subsectors in San Diego’s medical industry include ambulatory health care services, hospitals, and nursing/long-term care. In the next year alone, these and other occupations, like registered nurses, medical assistants, home health aides, physicians assistants, and lab technicians, are expected to grow by at least eight percent, resulting in a total of 1,810 new job openings, according to The San Diego Union-Tribune article referenced above. This high demand makes San Diego the ideal location if you’re interested in pursuing a career in the healthcare industry.
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