According to the latest report by IMARC Group, title “Australia Medtech Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the Australia MedTech market size is expected to exhibit a CAGR of 7% during 2022-2027.

MedTech refers to services, products, or solutions that utilize medical technology for diagnosing, monitoring, preventing, and treating diseases. It includes various types, such as EMR and HER, medical apps, telehealth, healthcare analytics, medical wearables, etc. MedTech devices aid healthcare providers in accessing health records, preparing a diagnosis history, disease diagnosis and treatment procedures with higher accuracy, eliminating the need for duplicate tests, and saving total healthcare expenditures. As a result, these services find widespread applications among healthcare providers, payers, and pharmaceutical companies across the globe.

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Australia MedTech Market Trends: 

The escalating prevalence of several chronic diseases and the increasing need for advanced medical solutions are primarily driving the Australia MedTech market. Besides this, the elevating requirement for mobile health (m-Health) services that assist in call conferencing and live consultation features with healthcare professionals is further augmenting the market growth. Moreover, the growing popularity of MedTech services for disease management, remote patient monitoring, providing feedback, and suggesting adequate medication, owing to the sudden outbreak of the COVID-19 pandemic, is also catalyzing the market across Australia. Apart from this, the development of personalized treatment options and point-of-care (POC) testing solutions is acting as another significant growth-inducing factor. Furthermore, the introduction of innovative digital solutions, including healthcare apps and wearable devices, that enable patients to self-monitor heart rate, glucose, blood pressure, etc., is anticipated to propel the Australia MedTech market over the forecasted period.

Key Market Segmentation:

The report has been segmented the market into following categories:

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

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List of Key Companies Covered in this Market Report:

The major players in the market are Alcidion Group Limited, Anatomics Pty Ltd, Artrya, AusBiotech, Avanade Australia (Accenture), Cochlear Limited, Ellex, ResMed Inc., Schott AG and Sirtex Medical Limited.

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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