Health technology | Priorities and initiatives | Department of Jobs, Skills, Industry and Regions
Source: https://djsir.vic.gov.au/priorities-and-initiatives/health-technologies
Archived: 2026-04-23 17:12
Health technology | Priorities and initiatives | Department of Jobs, Skills, Industry and Regions
Skip to content
Skip to navigation
Home
Priorities and initiatives
Health technology
Health technology
Victoria’s health technology sector is growing.
Melbourne-based companies comprise over 40% of Australia’s-listed health tech firms. Their combined market capitalisation is above $207 billion. In 2024 Victoria exported health technology products worth over $3.82 billion, making it our state’s highest value manufactured export sector.
What is the health technology (health tech) sector?
The health technology sector employs more than 51,785 people, plus 20,000 research sector jobs. It includes:
product manufacturing and development of pharmaceuticals
medical technologies
vitamins
supplements and topical products
professional and scientific services
pharmaceutical wholesaling
contract research and clinical trial providers
public funded research organisations and health services conducting health and medical research.
Firms range in size from small start-ups to large Victorian exporters and global manufacturers.
The sector's strength in Victoria
Victoria has:
A support infrastructure for neuroscience, cancer, regenerative medicine, infectious diseases and immunology research.
A global reputation in advanced manufacturing for pharmaceutical and medical technology products. This includes new capabilities to develop and manufacture mRNA-based products.
A growth pad for development of innovation and advanced health technologies. It gives access to skilled medical product design and manufacturing capabilities.
An experienced biotechnology investment ecosystem. It can manage and assist the commercialisation of health technologies.
Expertise in drug candidate development across many stages of the drug discovery process.
A cost-effective, rapid regulatory system for high-quality clinical trials. It includes access to leading clinical researchers and ethically diverse participant recruitment pool.
What is the medical technology (medtech) sector?
The medtech sector in Victoria is part of the broader health technology sector. It includes firms in:
diagnostics
robotic surgery products
AI-enabled software
digital health and connected devices
medical devices
hospital or allied health equipment.
Benefits of government support
More than 20 years of sustained Victorian Government support has resulted in $39.6 billion in extra revenue. This has delivered more than a threefold economic benefit on public investment.
Creating a Health Future report
The Creating a Health Future report which demonstrates past government investments into this sector. It is by KPMG and Victoria’s Lead Scientist, Amanda Caples.
View the
independent report
on Victoria's Lead Scientist page.
Initiatives and support
Name and link
Description
Australian Medtech Manufacturer's Alliance (AMMA)
through BioMelbourne Network
Provides a united voice for local medtech manufacturers supplying Victorian hospitals and health sector. They work to raise the procurement of locally manufactured health products by Victorian health services.
BioMelbourne Network
Melbourne’s leading peak body for the Victorian life sciences industry. A program of events and Wilam (an online life sciences community platform) connect
Health innovators
medtech innovators
manufacturers
researchers.
Brandon BioCatalyst
and the
Biotech Innovators Program
Supports and builds medical research translation skills.
Centre for Connected Health Innovation and Commercialisation (CHICC)
through ANDHealth
Provides a co-working, mentoring and workshop space for Victorian-based digital and connected health companies.
Co-Labs Melbourne
Delivers a cost-effective community co-working science laboratory space for startups.
Industry Capability Network
Promotes opportunities for local medtech businesses to supply into Victorian health procurement.
LaunchVic: MedTech Actuator
Supports medtech startups and scaleups.
Medical Research
Support and commitment for a world-class health and medical research community.
MRNA Victoria
Supports and grows the mRNA and RNA industry in Victoria.
Victorian Medtech Skills and Devices Hub (VMH)
Provides a new model of workforce training and development built to accelerate the growth of Victoria’s medtech industry.
Need more information?
For more information on what we're doing in this space, visit our
industry, research and innovation page
or
contact us.
Page last updated:
15 December 2025
Skip to content
Skip to navigation
Home
Priorities and initiatives
Health technology
Health technology
Victoria’s health technology sector is growing.
Melbourne-based companies comprise over 40% of Australia’s-listed health tech firms. Their combined market capitalisation is above $207 billion. In 2024 Victoria exported health technology products worth over $3.82 billion, making it our state’s highest value manufactured export sector.
What is the health technology (health tech) sector?
The health technology sector employs more than 51,785 people, plus 20,000 research sector jobs. It includes:
product manufacturing and development of pharmaceuticals
medical technologies
vitamins
supplements and topical products
professional and scientific services
pharmaceutical wholesaling
contract research and clinical trial providers
public funded research organisations and health services conducting health and medical research.
Firms range in size from small start-ups to large Victorian exporters and global manufacturers.
The sector's strength in Victoria
Victoria has:
A support infrastructure for neuroscience, cancer, regenerative medicine, infectious diseases and immunology research.
A global reputation in advanced manufacturing for pharmaceutical and medical technology products. This includes new capabilities to develop and manufacture mRNA-based products.
A growth pad for development of innovation and advanced health technologies. It gives access to skilled medical product design and manufacturing capabilities.
An experienced biotechnology investment ecosystem. It can manage and assist the commercialisation of health technologies.
Expertise in drug candidate development across many stages of the drug discovery process.
A cost-effective, rapid regulatory system for high-quality clinical trials. It includes access to leading clinical researchers and ethically diverse participant recruitment pool.
What is the medical technology (medtech) sector?
The medtech sector in Victoria is part of the broader health technology sector. It includes firms in:
diagnostics
robotic surgery products
AI-enabled software
digital health and connected devices
medical devices
hospital or allied health equipment.
Benefits of government support
More than 20 years of sustained Victorian Government support has resulted in $39.6 billion in extra revenue. This has delivered more than a threefold economic benefit on public investment.
Creating a Health Future report
The Creating a Health Future report which demonstrates past government investments into this sector. It is by KPMG and Victoria’s Lead Scientist, Amanda Caples.
View the
independent report
on Victoria's Lead Scientist page.
Initiatives and support
Name and link
Description
Australian Medtech Manufacturer's Alliance (AMMA)
through BioMelbourne Network
Provides a united voice for local medtech manufacturers supplying Victorian hospitals and health sector. They work to raise the procurement of locally manufactured health products by Victorian health services.
BioMelbourne Network
Melbourne’s leading peak body for the Victorian life sciences industry. A program of events and Wilam (an online life sciences community platform) connect
Health innovators
medtech innovators
manufacturers
researchers.
Brandon BioCatalyst
and the
Biotech Innovators Program
Supports and builds medical research translation skills.
Centre for Connected Health Innovation and Commercialisation (CHICC)
through ANDHealth
Provides a co-working, mentoring and workshop space for Victorian-based digital and connected health companies.
Co-Labs Melbourne
Delivers a cost-effective community co-working science laboratory space for startups.
Industry Capability Network
Promotes opportunities for local medtech businesses to supply into Victorian health procurement.
LaunchVic: MedTech Actuator
Supports medtech startups and scaleups.
Medical Research
Support and commitment for a world-class health and medical research community.
MRNA Victoria
Supports and grows the mRNA and RNA industry in Victoria.
Victorian Medtech Skills and Devices Hub (VMH)
Provides a new model of workforce training and development built to accelerate the growth of Victoria’s medtech industry.
Need more information?
For more information on what we're doing in this space, visit our
industry, research and innovation page
or
contact us.
Page last updated:
15 December 2025