Today’s healthcare system is technology dependent, and many of the future advances will depend
not only on medical expertise but on collaborative contributions from engineers, computer
scientists, physicists and chemists.
ATSE is pleased to see the inclusion of several key themes within the Discussion Paper that ATSE
has highlighted in the past or are currently focussing on. These areas include research translation,
development and deployment of medical technologies and subsequent growth of the medical
device industry, and the role of Information Communications Technology (ICT) to transform the
healthcare system to benefit the community.
Discoveries in medical research that improve the health and wellbeing of all Australians require
translation into medical services, technologies and devices, which may be achieved through
established or start-up firms which will gain commercial benefits, grow the sector, create jobs and
ultimately strengthen the economy. Victoria undertakes world-class scientific research through its
universities and other publicly funded research organisations in the State.
The medical device industry is growing rapidly around the world. The world market in medical
devices is valued at around US$325 billion. It is characterised by a small number of global
multinational companies, a large number of small and medium sized enterprises, and a diverse
manufacturing supply chain. There are opportunities for innovative Victorian firms to compete in
this market if the business environment is supportive and enables participation.
Healthcare costs are increasing globally, largely due to an ageing population, with one of the key
metrics being the ratio of healthcare cost to GDP. The healthcare sector aims to reduce costs and
Full details are outlined in the attached submission.
Enhancing Australia's prosperity through technology and innovation