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HEALTHCARE SECTOR
DRUGS
INTRODUCTION The healthcare sector consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients. In Australia, the healthcare industry is the largest employing industry where in 2019, there were close to 1.7 million people employed, which is projected to increase to more than 1.9 million by 2024. This sector encompasses two main industry groups: The first includes companies who manufacture health care equipment and who supply or provide health care related services. These companies are also owners and operators of health care products, providers of basic health-care services, and owners and operators of health care facilities and organisations. Examples of these types of companies include Johnson and Johnson and General Electric.
MEDICAL EQUIPMENT
MANAGED HEALTHCARE
Healthcare Facilities
The second group includes companies primarily involved in the research, development, production and marketing of pharmaceuticals and biotechnology products. Examples of these include Osprey Medical and EMVision Medical devices.
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