Gold Coast Emerging Biomedical Industry Study 2023 

The Gold Coast’s biomedical industry has experienced remarkable growth since its inception just two decades ago. The city has evolved into a vibrant location for biomedical innovation, startups, emerging industries, forward-thinking SMEs, and a top-ten global pharmaceutical company. This rapid growth trajectory has set the Gold Coast on a path to become a leader in Australia, and globally, in specialist fields of biomedicine.

Our new Gold Coast Emerging Biomedical Industry Study 2023 provides a 10-year growth strategy for the industry. The long-term vision is to create a vibrant and thriving ecosystem that promotes a world-class research and innovation system, a pipeline of innovative, high-quality biopharmaceuticals and medical technology products, a globally recognised medical products industry, access to national and international markets, and the translation of research and development into commercial outcomes.

As part of the project, a Gold Coast Biomedical Industry Capability Guide has also been developed to help promote the sector nationally and internationally.

Listen to a special RDA Gold Coast podcast episode on the Study here. 

• The Gold Coast biomedical sector has grown rapidly over the last two decades and is forecast to continue growing faster than the total economy
• There is significant capability in early research and late clinical development with growing capability in pre-clinical development, early clinical development and production
• Growing capability in pre-clinical development would help build a local translational pathway
• The City has rapidly established strong capability and profile, with forecast growth dependent on:
  • attracting research champions with global reputation
  • training the next generation of leaders in specialised areas of research and industry strength;
  • building new facilities aligned with a robust whole of city sector strategy
  • fostering new partnerships
  • attracting the best companies aligned with sector strategy
  • refining Gold Coast-specific policy and advocacy settings
• Continuing development of sophisticated and strategic investment pathways for the Gold Coast will facilitate continued growth
• There is opportunity to grow the profile of the sector on the Gold Coast and build governance structures that have been successful in growing the events, education, tourism and cultural sectors.

Photos from our Gold Coast Emerging Biomedical Forum, 27 October 2023, at the NeuTex Image-guided Therapy Surgical and Robotics Training Centre in Gold Coast Health and Knowledge Precinct. Around 30 of the Gold Coast's top biomed and medtech minds came together to provide on the ground intelligence and help us shape the 10-year strategy.