Increased funding a boon MedTech in Victoria

[vc_row][vc_column][vc_column_text]The Victorian Minister for Health Jenny Mikakos has announced Victorian hospitals will receive $60 million in the latest round of the Medical Equipment Replacement Program and Engineering Infrastructure Replacement Program grants.

Both these programs are aiming to replace existing end-of-life, critical, high-risk assets that are deemed essential to maintaining life and safety in the state’s health care sector. Whilst maintaining ongoing continuity for acute services in public hospitals.

Jenny Mikakos stated “New state-of-the-art medical equipment and better hospital infrastructure will make sure more Victorians can get the world-class care they need, when they need it, closer to home.”

The grant funds will be focused on purchasing updated and new cutting-edge medical equipment such as mammography units, fluoroscopy units, digital X-ray machines and gamma cameras. In what would may be that start of a funding windfall for the states MedTech sector.

The State of Victorian is coming off several years of budget surplus thanks to a booming population and property market and is currently delivering the biggest pipeline of infrastructure projects in the state’s history. Having invested $3.2 billion on infrastructure in a first term Government, with another $3.8 billion to be delivered over the next four years.[/vc_column_text][/vc_column][/vc_row]

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