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

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news