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

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news