Tendertrace Market Recap on the Public Sector published expenditure on Digital Health, MedTech, and Biotech offers a robust overview of national procurement and federal grants activities across fiscal year 2023 (July 2022 to June 2023). The insights and analysis in the report delves into noteworthy categories and subcategories of contracts awarded by Federal, State and Territory Health Departments and Agencies such as medical equipment, pharmaceuticals, cyber security and genetic research. Building on the published spend data, this report casts light on areas of burgeoning investment, offering a window into the future of healthcare technologies. we have identified leading suppliers and key market players, encompassing well-established pharmaceutical firms, emerging startups, and top-tier technology vendors.
Furthermore, the report underscores potential spending opportunities, spotlighting over five thousand contracts valued $8 billion due to expire in the current fiscal year 2024. These insights are invaluable for vendors to the Australian Government health sector strategic market planning, informed decision-making, and effective resource allocation.

Highlights

• In the Fiscal Year 2022-23, the Australian Government estimated its health spending to be around
  $105.8 billion.
• Queensland Health emerged as the highest spender, accounting for 6,068 contracts valued at
  $13.5 billion
• Commonwealth Department of Health and Aged Care and Health Infrastructure NSW, each contributing just over $2 billion in contract spending.

Gain insights more insights by downloading the full report today.