NSW medical technology industry development strategy
The medical technology sector in Australia is worth $6.1 billion and employs over 36,000 people. Of these businesses, nearly 40 per cent are located in NSW; making the medical technology industry in NSW the largest in Australia. 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
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