MTPConnect - the Medical Technology, Biotechnology, and Pharmaceutical (MTP) Industry Growth Centre - has released new sector metrics that show jobs supported by the MTP sector increased by 10% to 62,000 from 2015 to 2016, and that manufacturing exports are up by 30% to $5.2 billion.
The new data, sourced by MTPConnect from the Australian Bureau of Statistics (ABS), highlights the progress the local MTP sector has made to maintain and extend its world-class standing in recent years.
MTPConnect the updated metrics build on those reported in its Sector Competiveness Plan, to provide a benchmark for the ongoing measurement and tracking of the performance of the Australian MTP sector. The Federal Government has identified the MTP sector as one of six priority areas where Australia could lead the world, and MTPConnect exists to help the local sector seize more commercialisation opportunities and accelerate its rate of growth.
Download the 2017 MTPConnect Annual Highlights below.