NSW medical technology industry development strategy
The medical technology industry in New South Wales (NSW) is the largest in Australia. It generates an estimated $4.8 billion in revenue per year and employs around 7,000 people. While the sector is growing, there are significant opportunities to accelerate this growth.
It is estimated the medical technology industry has the potential to create an additional 28,000 jobs and $18 billion in gross domestic product (GDP) nationally by 2025.
The NSW Department of Industry has consulted with medical technology stakeholders in the state to develop the NSW medical technology industry development strategy 2018.
It consists of a set of five key strategy areas underpinned by initiatives to promote further growth and innovation in the industry. The strategy aims to:
- support industry in commercialising research and development
- grow exports and attract investment into the NSW medical technology sector
- support skills development
- improve connectivity and collaboration within the NSW medical technology industry
- improve the business environment.
Download the NSW medical technology industry development strategy
MedTech Connect program
The department invites NSW medical technology companies in NSW to register and participate in the newly established MedTech Connect program.
This industry-led program will include project facilitation, networking events, and capability building workshops, while facilitating connection and collaboration across the medical technology industry and other key industry sectors.
To be part of the conversation register your interest below.
Read about NSW medical technology manufacturing companies that are successfully embracing advanced technologies and Industry 4.0 to boost productivity and be competitive in a global marketplace.