Australia Hospital Equipment Market Growth, Demand and Investment Opportunity

Australia Hospital Equipment Market Overview

Market Size in 2024: USD 5.5 Billion

Market Size in 2033: USD 21.6 Billion

Market Growth Rate 2025-2033: 14.6%

According to IMARC Group's latest research publication, "Australia Hospital Equipment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Australia hospital equipment market size was valued at USD 5.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 21.6 Billion by 2033, exhibiting a CAGR of 14.6% during 2025-2033.

How AI is Reshaping the Future of Australia Hospital Equipment Market

• Revolutionary AI Medical Imaging Trials: Gold Coast University Hospital launched Australia's first AI-powered medical imaging initiative in July 2024, with clinical trials starting in 2025 that will revolutionize diagnostic accuracy and efficiency. The hospital's Executive Director for Transformation emphasized this represents putting technology through rigorous testing to ensure patient safety while advancing diagnostic capabilities.

• Robotic-Assisted Surgery Expansion: As of 2024, robotic-assisted surgeries and diagnostic systems have experienced significant growth across Australian hospitals, supported by notable advancements in AI and robotics technology. Medical robots are revolutionizing healthcare delivery through enhanced precision, reduced recovery times, and improved surgical outcomes in complex procedures.

• Wearable Diagnostic Technology: The 2025 trend toward wearable imaging devices enables continuous monitoring of specific health conditions, with wearable ultrasound patches providing ongoing cardiac monitoring and continuous insights into patients' heart health. These portable solutions represent a fundamental shift in diagnostic equipment accessibility and continuous patient care capabilities.

• AI-Enhanced Diagnostic Equipment: GE HealthCare's Verisound AI and similar innovative solutions enable smarter scan guidance, greater workflow productivity, and more informed clinical decision support across ultrasound portfolios. AI algorithms integrated into MRI scanners, CT machines, and ultrasound devices are improving diagnostic accuracy while reducing scan times and radiation exposure.

• Telemedicine Equipment Integration: With over 25% of Australians undertaking at least one telehealth consultation in the last month as of August 2024, hospitals are investing heavily in remote patient monitoring systems, wearable monitoring devices, mobile health software, and telehealth platforms that deliver real-time data for informed clinical decision-making.

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Australia Hospital Equipment Market Trends & Drivers:

Australia's hospital equipment market is experiencing extraordinary growth driven by increasing demand for advanced diagnostic equipment including MRI machines, CT scanners, and ultrasound devices. The growing prevalence of chronic diseases including cancer—projected to reach approximately 209,000 new cases by 2034—is creating massive demand for high-end diagnostic technologies critical for early detection and treatment. Healthcare facilities are prioritizing advanced diagnostic systems to enhance service levels and remain competitive in the evolving healthcare landscape.

The expansion of telemedicine and remote monitoring equipment accelerated dramatically following the COVID-19 pandemic, with over 25% of Australians now undertaking telehealth consultations monthly as of August 2024. This widespread acceptance reflects healthcare's transformation toward digital services, particularly for rural and remote area populations. The technology spectrum spans wearable monitoring devices for vital signs observation, mobile health software, and comprehensive telehealth systems enabling virtual patient-doctor consultations.

Government initiatives are providing crucial support through telemedicine infrastructure funding, reimbursement for remote consultations, and financial assistance for healthcare equipment adoption. These policies are driving hospitals and clinics to invest in state-of-the-art equipment including ventilators, dialysis machines, infusion pumps, surgical navigation systems, ECG monitors, and advanced patient monitoring systems. The aging population coupled with chronic disease prevalence is creating sustained demand for therapeutic equipment, surgical instruments, and mobility support devices.

Australia Hospital Equipment Industry Segmentation:

The report has segmented the market into the following categories:

Equipment Type Insights:

• Diagnostic Equipment (X-ray Machines, MRI Scanners, CT Scanners, Ultrasound Devices, and Endoscopy Equipment)

• Therapeutic Equipment (Ventilators, Dialysis Machines, Infusion Pumps, and Laser Therapy Devices)

• Surgical Equipment (Electrosurgical Devices, Surgical Navigation Systems, and Endoscopic Instruments)

• Patient Monitoring Equipment (ECG Monitors, Blood Pressure Monitors, Pulse Oximeters, and Fetal Monitoring Systems)

• Mobility and Support Equipment (Wheelchairs and Stretchers, Hospital Beds, and Patient Lifting Equipment)

Distribution Channel Insights:

• Direct Sales

• Distributors and Dealers

• Online Platforms

End User Insights:

• Hospitals and Clinics

• Diagnostic Centers

• Ambulatory Surgical Centers

• Others

Breakup by Region:

• Australia Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & Southern Australia

• Western Australia

Recent News and Developments in Australia Hospital Equipment Market

• July 2024: Gold Coast University Hospital launched Australia's first AI-powered medical imaging initiative with clinical trials set to begin in 2025, positioning the hospital as a pioneer in artificial intelligence integration for diagnostic accuracy and efficiency improvements across medical scanning technologies.

• August 2024: Industry reports revealed over 25% of Australians undertook at least one telehealth consultation in the last month, reflecting widespread acceptance of digital health services and driving substantial investment in remote patient monitoring equipment and telemedicine infrastructure nationwide.

• 2024: Robotic-assisted surgeries and diagnostic systems experienced significant adoption growth supported by notable advancements in AI and robotics, with medical robots revolutionizing Australian healthcare delivery through enhanced surgical precision and improved patient outcomes.

• 2025: Wearable diagnostic imaging devices emerged as major trend with wearable ultrasound patches providing continuous cardiac monitoring capabilities, representing fundamental shift in diagnostic equipment accessibility and enabling ongoing patient health insights.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players including B. Braun Australia Pty Ltd, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Fisher & Paykel Healthcare Limited, Medline Australia, ResMed, Stryker Corporation, Zimmer Biomet Pty Ltd, etc.

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