According to the latest report by IMARC Group, titled “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 2025-2033,” the Australia MedTech market size reached USD 8.5 Billion in 2024. MedTech, also known as medical technology, is a combination of technology and medical interventions that help patients overcome injuries and chronic illnesses. It relies on various medical devices, such as tongue depressors, surgical gloves, thermometers, insulin pumps, and pacemakers. It also includes laboratory and imaging tests, like CT scans, biopsy, endoscopy, ultrasound, and blood and urine tests. It helps accelerate patient recovery and keeps people healthy. At present, MedTech is widely used in the healthcare industry for performing numerous clinical and non-clinical applications across Australia.
Australia MedTech Market Trends:
The growing prevalence of acute and chronic health conditions, especially among the aging population, represents one of the key factors driving the market in Australia. Additionally, the rising utilization of healthcare apps and wearable devices to self-monitor heart rate, glucose, and blood pressure is creating a positive outlook for the market in the country. Along with this, the increasing sales of the Internet of Things (IoT)-integrated smartwatches that ensure accurate monitoring of patient health conditions is strengthening the growth of the market. The rising adoption of mobile health (m-Health) services featuring call conferencing and live consultation facilities with healthcare professionals is also driving the market. Furthermore, continuous investment in research and development (R&D) activities by leading MedTech companies of Australia for the development of advanced medical devices is accelerating the growth of the market. Looking forward, the market value is projected to reach USD 13.9 Billion by 2033, expanding at a CAGR of 5.1% during 2025-2033.
Market Summary
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
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 |
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) |
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