05 Jan 2016 Investment
A South Australian manufacturing industry leader has been appointed to head the state’s new medical device industry alliance, MedDev.
Richard Barrett brings to the role more than two decades experience in the manufacturing sector, as well as extensive experience in international market strategy and business development.
Established this year with State Government funding of $750,000 over three years, the MedDev Alliance is aimed at helping to improve the state’s presence in the global medical device sector by commercialising South Australia’s medical device resources and finding new international markets.
Manufacturing and Innovation Minister Kyam Maher says Mr Barrett’s global experience should deliver major benefits for the Alliance’s work.
“One of Mr Barrett’s first jobs will be to engage with the local medical device industry to assess the potential for growth and new market opportunities,” he says.
“The State Government has identified the expansion of the medical device manufacturing sector as an important priority because it has the potential to boost economic activity and create jobs.
“An ageing population in Australia and around the world, along with better access to healthcare infrastructure in the developing world, has increased demand for medical devices and technologies.
“Our state already has an international reputation for medical device inventions, with Australia’s medical technologies acknowledged as being of the highest best-practice, quality, and ethical standard.
“While our share of the international medical device market is currently relatively small, we have an excellent opportunity to leverage our capabilities and reputation for greater export growth.”