Australian MedTech industry to help add $18 billion and 28,000 new jobs by 2025

MTAA

4 April 2017 - Today, MTAA welcomed the blueprint report from CSIRO and MTPConnect which outlines how medical technologies and pharmaceuticals could add $18 billion to the Australian economy and about 28,000 new jobs within the next eight years.

Research by MTAA showed the medical technology (MedTech) industry in Australia employs over 19,000 high skill workers, across 500 companies. The majority of which are small to medium enterprises, and is worth over $11 billion in economic contributions – making it a major contributor to Australia’s medical technologies and pharmaceuticals sector.

Read MTAA press release

Michael Wonder

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Michael Wonder