Victoria's strengths in health
Victoria is a highly respected international leader in the health sector with a number of significant strengths that offer investment and trade opportunities.
Melbourne is a global medical research and development hub. Victoria is Australia's undisputed leader in medical research, annually receiving over 40 per cent of national government medical research funding.1
Melbourne's independent medical research institutes have major programs covering cancer, inflammatory disorders, cardiovascular disease, diabetes, infectious disease, public health, neurological disorders and mental health. They also have expertise in medical bionics, eye diseases, stem cell science and paediatric research. Victoria also offers world-leading expertise and a highly favourable environment for clinical trials.
Life sciences, biotechnology and manufactured goods and associated intellectual property
Victoria's life science sector is among the world's largest and most innovative with a concentration of world-class institutes and companies and a combined market capitalisation of over A$35 billion.2
Victoria's expertise in infectious diseases and cancer research, medical device design and neuroscience is renowned globally. The industry is underpinned by Victoria's experienced talent pool, R&D excellence and world-leading infrastructure backed by Victorian Government investment of A$1.8 billion since 1999.3
Victoria's innovative digital health/ICT organisations are developing a range of applications for the clinical and aged care sector. These organisations bring together further expertise in design consultancy and high-tech contract development to tackle challenges associated with a range of health issues including acute stroke symptoms, cystic fibrosis, pre/post-surgical monitoring, and aged care monitoring and services.
Victoria is home to over 5.6 million people with around 4.2 million living in Melbourne, Australia's fastest growing capital city. With more than 300,000 people employed in the health and social services sector it represents nearly 12 per cent of the state's workforce. 3 Melbournians come from over 200 nations, and over half were born overseas or have a parent who was born overseas.
Melbourne boasts a skilled, creative, educated and multicultural workforce developed through an internationally competitive higher education and vocational training sector. Victoria's nine universities house a range of healthcare training expertise including: aged care, allied health, clinical health, dentistry, mental health, obstetrics and gynaecology, midwifery, nursing, nutrition, paramedicine and preventive medicine.
Facility design, construction and management
Victoria's designers, planners, architects, engineers and business leaders all contribute to Melbourne being the world's most liveable city. This includes state-of-the-art, future ready health and aged care infrastructure that delivers the best outcomes for patients and care-givers and is delivered in collaboration by government and industry partners.
Victoria's expertise spans health, aged care facilities and community-based facilities (such as general practice, allied health and rehabilitation) and is a leading international knowledge centre for Public Private Partnership (PPP) infrastructure projects.
Health system policy and design
The Victorian healthcare system is built on collaborative relationships, strong governance, community focus and a highly skilled workforce. It is one of the world's top health systems in terms of life expectancy and survival rates for cancer and cardiovascular disease and the State has a strong international reputation for health service expertise and quality care.
Victoria has strong infrastructure development and management models combined with a robust policy framework guided by international trends and changing community needs. This offers many exciting opportunities for collaborating with overseas partners to develop new service delivery models and solutions to common health challenges – for example with smoking cessation and diabetes reduction programs, road trauma prevention and emergency management for which the State is internationally known.
Health and medical conferences
Key to securing medical conferences, along with its world-class conference infrastructure is Victoria's reputation as a hub of health and medical research activity.
Complementing this reputation, Melbourne has Australia's highest concentration of convention facilities located in the central business district, including the internationally renowned Melbourne Convention and Exhibition Centre (MCEC).
Australia's healthcare system is among the best in the world and within this Victoria leads the country. Victoria houses a range of world-leading diagnostic, medical and clinical service capabilities to treat international patients both on- and off-shore.
Some of Victoria's world renowned clinical services include complex operations such as cardiovascular and neurosurgical procedures, along with fertility treatment, diabetes management, cancer treatment and paediatrics care.
1. National Health and Medical Research Council, 2012
3. Department of Education, Employment and workplace Relations, Australian Jobs 2013