$7.7bn
$X.Xbn
14,447
1,903
$X.Xbn
Medical and surgical equipment manufacturers are thriving, with Australia's ageing population and expanding healthcare sector boosting domestic demand for medical and surgical equipment. Sales surged in 2020-21, with revenue rising 31.6% thanks to pandemic-induced demand for medical and surgical equipment like ventilators, infusion systems and renal care products used in intensive care units to treat the virus across private and public hospitals. While demand for these goods strengthened, restrictions on elective surgeries hit sales of other products like dental equipment and hearing aids. Industry revenue is anticipated to have grown at an annualised 5.1% over the past five years and is expected to total $7.7 billion in 2024-25, when revenue will climb by an estimated 3.0%.
Industry revenue has grown at a CAGR of 5.1 % over the past five years, to reach an estimated $7.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
ResMed Australia | 2,480.0 | |
Cochlear | 420.0 | |
Baxter Healthcare | 400.0 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Medical and surgical instruments, Medical and surgical equipment and Dental equipment. Medical and surgical instruments is the largest segment of the Medical and Surgical Equipment Manufacturing in Australia.
Downstream demand is driving sales of medical and surgical equipment
Industry firms primarily manufacture medical, surgical and dental equipment. Product inputs are sourced from upstream manufacturers, with end products sold to downstream wholesalers or directly to hospitals and medical practices.
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ANZSIC 2412 - Medical and Surgical Equipment Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Medical and Surgical Equipment Manufacturing industry has seen significant growth, driven by increased public health expenditure. This rise in funding has enabled manufac...
Learn about an industry's products and services, markets and trends in international trade.
Despite initial disruptions, sales of larger, more expensive medical and surgical equipment have surged thanks to persistent hospital demand. Items like defibrillators, ultra...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The eastern seaboard states account for the majority of medical and surgical equipment manufacturers. Population spread and access to labour drives manufacturers to operate i...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers compete on product price, quality and access to government funding. As funding escalates, so does demand for medical and surgical equipment from downstream mark...
Learn about the performance of the top companies in the industry.
The Medical and Surgical Equipment Manufacturing industry is largely fragmented. Almost 50.0% of manufacturers are non-employers, with the bulk of remaining businesses employ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
R&D tax incentive offsets help manufacturers recoup the cost of research and development. Rates vary with annual turnover and level of R&D intensity.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profitability has continued to climb. Public health spending and steady hospital demand have significantly lifted profit margins for medical and surgical equipment manufactur...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Medical and Surgical Equipment Manufacturing industry in Australia is $7.7bn in 2024.
There are 1,903 businesses in the Medical and Surgical Equipment Manufacturing industry in Australia, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Medical and Surgical Equipment Manufacturing industry in Australia has been growing at a CAGR of 5.1 % between 2019 and 2024.
Over the next five years, the Medical and Surgical Equipment Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Medical and Surgical Equipment Manufacturing market in Australia are ResMed Australia, Cochlear and Baxter Healthcare
Medical and surgical instruments and Medical and surgical equipment are part of the Medical and Surgical Equipment Manufacturing industry.
The company holding the most market share in Australia is ResMed Australia.
The level of competition is moderate and steady in the Medical and Surgical Equipment Manufacturing industry in Australia.