Australia MedTech Market Size, Growth and Forecast 2032

Australia MedTech Market Report by Type (Telehealth, Medical Wearables, EMR/EHR Systems, Medical Apps, Healthcare Analytics, and Others), Component (Software, Hardware, Service), Deployment Type (On-Premises, Cloud-Based), Application (Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, and Others), End User (Healthcare Providers, Healthcare Payers, Pharmaceutical Companies), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A6064

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Market Overview:

The Australia MedTech market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.03% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 8.0 Billion
Market Forecast in 2032	US$ 13.5 Billion
Market Growth Rate (2024-2032)	6.03%

MedTech refers to products, services, or solutions that utilize medical technology for preventing, diagnosing, monitoring, and treating diseases. It includes numerous types, such as telehealth, EMR and HER, medical apps, healthcare analytics, medical wearables, etc. MedTech devices assist healthcare providers in disease diagnosis and treatment procedures with higher accuracy, accessing health records, preparing a diagnosis history, eliminating the need for duplicate tests, and saving total healthcare expenditures. Owing to this, they are widely used across the healthcare sector for several clinical and non-clinical applications.

Australia MedTech Market

Australia MedTech Market Trends:

The high prevalence of numerous chronic diseases along with the escalating demand for advanced healthcare services is primarily driving the Australia MedTech market. In addition to this, the increasing utilization of innovative digital solutions, including healthcare apps and wearable devices, that enable patients to self-monitor heart rate, glucose, blood pressure, etc., is further augmenting the growth of the market. Moreover, the elevating requirement for mobile health (m-Health) services that assist in call conferencing and live consultation features with healthcare professionals is also stimulating the regional market. Besides this, the emerging popularity of MedTech services due to the sudden outbreak of coronavirus infection (COVID-19) for disease management, remote patient monitoring, providing feedback, and suggesting adequate medication is positively impacting the market growth. Furthermore, the growing adoption of personalized treatment options and point-of-care (POC) testing solutions is creating a positive outlook for the Australia market. Additionally, the introduction of favorable policies by the Australian government, such as extending medicare reimbursement to cover remote consultations for encouraging the use of digital health solutions, is acting as another growth-inducing factor. Apart from this, several key players are making significant investments in AI in Healthcare technologies which offer greater precision, ensure proper storage and monitoring of patient information, and enhance the overall user experience. This, in confluence with continuous digital innovations, such as the introduction of robotic surgery units, 3D printing, portable ultrasound, digital tomosynthesis, etc., is anticipated to drive the Australia MedTech market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Australia MedTech market report, along with forecasts at the country level from 2024-2032. Our report has categorized the market based on type, component, deployment type, application, and end user.

Breakup by Type:

Telehealth
Medical Wearables
EMR/EHR Systems
Medical Apps
Healthcare Analytics
Others

Breakup by Component:

Software
Hardware
Service

Breakup by Deployment Type:

On-Premises
Cloud-Based

Breakup by Application:

Cardiology
Diabetes
Neurology
Sleep Apnea
Oncology
Others

Breakup by End User:

Healthcare Providers
Healthcare Payers
Pharmaceutical Companies

Breakup by Region:

Western Australia
New South Wales
Queensland
Victoria
Rest of Australia

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alcidion Group Limited, Anatomics Pty Ltd, Artrya, AusBiotech, Avanade Australia (Accenture), Cochlear Limited, Ellex, ResMed Inc., Schott AG, and Sirtex Medical Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Type, Component, Deployment Type, Application, End User, Region
Regions Covered	Western Australia, New South Wales, Queensland, Victoria, and Rest of Australia
Companies Covered	Alcidion Group Limited, Anatomics Pty Ltd, Artrya, AusBiotech, Avanade Australia (Accenture), Cochlear Limited, Ellex, ResMed Inc., Schott AG, and Sirtex Medical Limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia MedTech market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Australia MedTech market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Australia MedTech industry and who are the key players?
What is the degree of competition in the industry?

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