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Western Australia has a world-class health and medical life sciences ecosystem. It features a highly-skilled, collaborative medical research workforce, outstanding research infrastructure and a number of highly-regarded medical research institutes.
Perth has a rapidly growing and very active health and medical innovation ecosystem, comprising a mix of private businesses, universities, public hospitals and non- governmental organisations. In 2019 there were more than 41 biotech and pharmaceutical companies and 53 medtech and digital health companies, along with 22 research institutions and 63 services and support organisations. This growing sector presents opportunities to build on expertise in high need areas including • medical research, • new gene technologies, • phenomics, medical technology, • long-term population health studies, • data linkage and, • digital health solutions. The strong research base is the engine room for creating innovative commercial opportunities. All five universities have strengths in the life sciences, as do the excellent medical research institutes – Telethon Kids, Harry Perkins, Lions Eye and Perron. The state has been home to the development of very successful companies, which have subsequently grown nationally or internationally – Avita, iCeutica, and Sirtex to name a few. The current group of companies on the rise is extremely encouraging, with Linear Clinical Research, Ozgene, Orthocell, Suda, and Gelflex garnering successes. While emerging businesses such as OncoRes, Respirion, Artrya, and Singular Health are burgeoning rapidly. |