Medical technology a growing business in NZ

Print

Tue, 23 Feb 2010 5:16p.m.

Shirley Thompson

Shirley Thompson

By Kim Choe

Medical technology is not often thought of as a big earner for New Zealand, but experts say it could become a billion-dollar industry.

Strapping on a new lease on life, Shirley Thompson has replaced a cocktail of antibiotics with her new humidifier.

"Since I've had this machine I've had no serious lung infections," she says. "I have cut down on a lot of the other drugs too, with good results."

The 'Airvo' pumps humid air into her lungs, loosening the mucus that causes infections, and - unlike other humidifiers - she can use it whenever she needs it.

"It's marvellous, this machine, because anyone can carry it and set it up anywhere, and I always take it away with me."

It was developed by Fisher & Paykel Healthcare, which is a world leader in the medical technology industry.

"They're spending 6.5 percent of their revenue on R&D," says Simon Hall of the Emerging Medical Technologies Group. "They have some 270 engineers based here in New Zealand, so they're a very strong, innovative company in improving existing products and coming up with new ones."

The Government has signalled an increase in investment for scientific research, which will help Kiwi companies grow overseas.

"New Zealand has got some great companies here who are really focusing on improving patient care and outcomes, and lifestyles of people in New Zealand and globally," says Mr Hall.

The companies aim to nearly double their revenues in the next five years, making medical technology a billion-dollar industry that will continue revolutionising healthcare worldwide.

3 News

Become a fan of 3 News on Facebook and on Twitter.

Post a Comment

Before commenting, please take the time to read our moderation guide


(Won't be published)



Comments

24 Feb 2010 05:15p.m.

Steph wrote:

I think that ANYTHING that will help folk in the future is a huge bonus for New Zealand, especially now that we have Soooo many new bugs, incurable diseases and the generations keep the child births right up there. SO not just us but the future generations will benefit from these brilliant scientists that continue to help others even though we have to pay. The future generations also will have to pay for all these new inventions that could help have a much more comfortable life. What has changed ? nothing consumer still must pay and New Zealand should be very proud of our scientists.

24 Feb 2010 03:15p.m.

kayte wrote:

I use a F&P machine for sleep apnea . I would not go without it it is great buttttt I cant afford to replace the parts which often need replacing because of the price of them superanuiants cannot pay 169.00 for just one part and it is real serious if yu go without the machine .also the nose pieces need replacing regular piece only 17.00 (nothing of it ) but 10.00 to post. F&P must be making millions