Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Medical Device, Health IT Export Earnings Could Double

February 22, 2012

Export revenues from New Zealand’s emerging medical devices and health IT could double by 2015, according to the Medical Technology Association of New Zealand (MTANZ).

The combined industries currently export around $800 million worth of products and services.

“The New Zealand medical technology and health IT sector have great examples of highly successful companies and a rapidly developing pipeline of innovation. A number of challenges must, however, be met if the projected growth is to be realised,” says MTANZ business development manager (Emerging Medical Technology) Angela Pantano.

In 2011, MTANZ produced a “Sector Blueprint” to identify the sector’s export potential and possible roadblocks or constraints to realising that potential. The constraints the blueprint most strongly identified were funding-related. Specialised skill shortages, compliance with regulatory systems and sales and marketing were also identified.

“Since the blueprint was released the sector has been working on a number of projects to minimise these constraints.”

MTANZ and the NZ Health IT Cluster have organised the 3rd Medical Technology and Health IT conference, “Global Ambition” in Auckland from February 27-28 to bring together representatives from Government, research, the healthcare sector and the emerging medical technology and health IT industries to discuss progress on blueprint projects and map out further strategies to realise the immense potential of this growth sector for the country.

Science and Innovation Minister Steven Joyce will the address the MTANZ conference on February 28. The conference will also host an impressive line-up of local and international speakers such as: Dr Jonathan Lasch, executive director for the Alfred E. Mann Institute for Biomedical Engineering at the University of Southern California; Gerallt Owen, partner Crowell and Morin, London, Head of International Regulatory and Corporate Crime who will speak on global anti-corruption and bribery compliance; Dr Murray Horn, chair of the National Health Board (NZ); Tony Alexander, BNZ chief economist and Mike Daniell, chief executive of Fisher and Paykel Healthcare. Delegations from the UK and Taiwan will also present on partnering for success.

The New Zealand Health Technology Showcase at the conference will feature some of the latest medical devices and health IT and current research projects being developed in the country’s universities, Crown Research institutes and industry.

MTANZ represents not only manufacturers, but also importers and distributors of medical technology used in the diagnosis, prevention, treatment and management of disease and disability.

New Zealand companies currently design, manufacture and export such devices as machines to manage obstructive sleep apnoea and other respiratory conditions; customised titanium hip, knee and neck implants; specialised dental technology and implants, among others.

**************

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news