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Australia MedTech Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Australia MedTech market is expected to exhibit a CAGR of 7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 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 sub-segment of the Australia MedTech market, along with forecasts at the country and regional level from 2022-2027. 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Component, Deployment Type, Application, End User, Region
Region 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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction 

    4.1    Overview
    4.2    Key Industry Trends
5    Australia MedTech Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type 
    6.1    Telehealth
        6.1.1 Market Trends 
        6.1.2 Market Forecast         
    6.2    Medical Wearables
        6.2.1 Market Trends
        6.2.2 Market Forecast  
    6.3    EMR/EHR Systems
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Medical Apps
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Healthcare Analytics
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast  
7    Market Breakup by Component
    7.1    Software
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hardware
        7.2.1 Market Trends
        7.2.2 Market Forecast    
    7.3    Service
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Deployment Type
    8.1    On-Premises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cloud-Based
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Cardiology
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Diabetes
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Neurology
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Sleep Apnea
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Oncology
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by End User
    10.1    Healthcare Providers
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Healthcare Payers
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Pharmaceutical Companies
        10.3.1 Market Trends
        10.3.2 Market Forecast
11.   Market Breakup by Region 
    11.1     Western Australia
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2     New South Wales
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3     Queensland
        11.3.1 Market Trends
        11.3.2 Market Forecast
    11.4     Victoria
        11.4.1 Market Trends
        11.4.2 Market Forecast
    11.5     Rest of Australia
        11.5.1 Market Trends
        11.5.2 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weakness
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porter’s Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Competitive Landscape
    15.1   Market Structure
    15.2   Key Players
    15.3   Profiles of Key Players
        15.3.1    Alcidion Group Limited
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio     
           15.3.1.3 Financials
        15.3.2    Anatomics Pty Ltd
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Artrya
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio  
           15.3.3.3 Financials   
        15.3.4    AusBiotech
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Avanade Australia (Accenture)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Cochlear Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Ellex
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    ResMed Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio    
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis 
        15.3.9    Schott AG
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 SWOT Analysis
        15.3.10   Sirtex Medical Limited
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Australia: MedTech Market: Major Drivers and Challenges
Figure 2: Australia: MedTech Market: Sales Value (in US$ Billion), 2016-2021
Figure 3: Australia: MedTech Market: Breakup by Type (in %), 2021
Figure 4: Australia: MedTech Market: Breakup by Component (in %), 2021
Figure 5: Australia: MedTech Market: Breakup by Deployment Type (in %), 2021
Figure 6: Australia: MedTech Market: Breakup by Application (in %), 2021
Figure 7: Australia: MedTech Market: Breakup by End User (in %), 2021
Figure 8: Australia: MedTech Market: Breakup by Region (in %), 2021
Figure 9: Australia: MedTech Market Forecast: Sales Value (in US$ Billion), 2022-2027
Figure 10: Australia: MedTech (Telehealth) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Australia: MedTech (Telehealth) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Australia: MedTech (Medical Wearables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Australia: MedTech (Medical Wearables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Australia: MedTech (EMR/EHR Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Australia: MedTech (EMR/EHR Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Australia: MedTech (Medical Apps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Australia: MedTech (Medical Apps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Australia: MedTech (Healthcare Analytics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Australia: MedTech (Healthcare Analytics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Australia: MedTech (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Australia: MedTech (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Australia: MedTech (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Australia: MedTech (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Australia: MedTech (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Australia: MedTech (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Australia: MedTech (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Australia: MedTech (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Australia: MedTech (On-Premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Australia: MedTech (On-Premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Australia: MedTech (Cloud-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Australia: MedTech (Cloud-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Australia: MedTech (Cardiology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Australia: MedTech (Cardiology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Australia: MedTech (Diabetes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Australia: MedTech (Diabetes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Australia: MedTech (Neurology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Australia: MedTech (Neurology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: MedTech (Sleep Apnea) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: MedTech (Sleep Apnea) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: MedTech (Oncology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: MedTech (Oncology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: MedTech (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: MedTech (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: MedTech (Healthcare Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: MedTech (Healthcare Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: MedTech (Healthcare Payers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: MedTech (Healthcare Payers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: MedTech (Pharmaceutical Companies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: MedTech (Pharmaceutical Companies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Western Australia: Australia MedTech Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Western Australia: Australia MedTech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: New South Wales: Australia MedTech Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: New South Wales: Australia MedTech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Queensland: Australia MedTech Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Queensland: Australia MedTech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Victoria: Australia MedTech Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Victoria: Australia MedTech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Rest of Australia: Australia MedTech Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Rest of Australia: Australia MedTech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Australia: MedTech Industry: SWOT Analysis
Figure 61: Australia: MedTech Industry: Value Chain Analysis
Figure 62: Australia: MedTech Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Australia: MedTech Market: Key Industry Highlights, 2021 and 2027
Table 2: Australia: MedTech Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Australia: MedTech Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Australia: MedTech Market Forecast: Breakup by Deployment Type (in Million US$), 2022-2027
Table 5: Australia: MedTech Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Australia: MedTech Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Australia: MedTech Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Australia: MedTech Market: Competitive Structure
Table 9: Australia: MedTech Market: Key Players


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