Press release
Australia MedTech Market Report 2022 by Top Manufacturers, Industry Trends, SWOT Analysis, Demand and Forecast 2027
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What are the growth prospects of the Australia MedTech industry?
The Australia MedTech market is expected to exhibit a CAGR of 7% during 2022-2027.
Industry Definition and Application:
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.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get the table of contents with all detailed information: https://www.imarcgroup.com/australia-medtech-market
What are the major market drivers in the Australia MedTech market?
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 segmented the market on the basis of region, 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
List of Major Key Players:
• Alcidion Group Limited
• Anatomics Pty Ltd
• Artrya
• AusBiotech
• Avanade Australia (Accenture)
• Cochlear Limited
• Ellex
• ResMed Inc.
• Schott AG
• Sirtex Medical Limited.
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Contact Us:
IMARC Services Private Limited.
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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About Us:
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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