2023-24 HealthTech Industry Prospectus

Hunter Central Coast Snapshot

The Region's Health & Medtech Companies

Engage in seven sub-segments of the Health & Medtech sector. Due to the connection between industry, researchers and clinicians we see growth in the medtech, ehealth and wellness soultions

0 %
service providers
0 %
medtech/medical device
0 %
eHealth/digital health
0 %
wellness solution
0 %
research & education
0 %
health provider
0 %
biotech/pharma

Are focused on the provision of healthcare directly to patients, practitioners and hospitals

0 %
service patients
0 %
service practitioners
0 %
service hospitals
0 %
service other industries/businesses

HealthTech: A Growth Sector for the Hunter Central Coast

Hunter Central Coast is an economically significant region situated on Australia’s east coast. Located north of Sydney, the region is NSW’s second most populated area, with a combined population of over 1,000,000 people. It is one of Australia’s top performing regional economies with combined GRP estimated at around $87.1 billion which is approximately 12.5% of NSW’s economic output. Hunter Central Coast has a growing, diverse Health & Medtech industry base. It comprises companies and organisations representing biotech, medtech, digital health, service providers, clinical services, allied health, research, education, insurance, specialised professional services, national peak bodies and government.

Market Drivers

Factors Driving Change, Growth and Advancement in Health

Long-Life

Long Life Expectancy

Proactive-Patients

Proactive Patients

Health-Inequality

Health Inequality

Communicable-Diseases

Increased Occurrence of of Communicable diseases

Chronic-Diseases

Increased Incidence of Chronic Diseases

Knowledge-Industries

Transition to Knowledge-Led Industries

01011
00101

Big Data & Analytics

Innovation_AI

Digital Innovation & AI

Healthcare-Models

Alternative Healthcare Models

Environmental-Risks

Environmental risks

Economy-Sustainability

circular economy & Sustainability in Healthcare

Supply-Logistics

Supply Chain & Logistics Disruption

Workforce-Shortages

Workforce Shortages

There is a spread of large and small, mature and start-up health & medtech companies in the region. 31% were established less than 5 years ago, 22% in the last 10 years, 28% between 10 and 25 years ago and 17% have been operating for more than 25 years.

The region’s broader industry base primarily comprises SMEs, which is reflected in the health & medtech cluster: 63% of companies have less than 10 FTE employees, 26% have between 10 and 100, and 11% have more than 100 employees.

Opportunities for HealthTech
Growth in the Hunter Central Coast

Digital Health

Clinical Trials

Additive manufacturing

Small batch pharmacology production for clinical trials

Rapid prototyping, production and testing

Medtech & advanced manufacturing

Sustainability in healthcare