Australia is one of the world’s leading locations for the development and manufacture of medical technologies, biotechnologies and pharmaceuticals. Victoria is at the epicentre of this dynamic sector, employing more than 23,000 people, and generating over $12.7 billion in revenue. The sector contributes over $1.35 billion in exports to the Victorian economy, a figure which has doubled since 2011. Melbourne has a reputation as the leading hub for Australia’s medical technologies industry. The biomedical engineering expertise in the State builds on a long tradition in automotive, aerospace and general manufacturing expertise and is enhanced by significant capabilities in advanced, additive and bio-manufacturing. With global health care spending projected to grow by over four per cent per year, there is an urgent need for new technologies, goods and services that will improve patient care. This is an enormous and continued economic opportunity for Victoria. This State of the Sector report demonstrates that the sector’s economic impact is significant and positive.