Melbourne: A Leader in Medical Meetings, Thanks to its Research Reputation!

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The Melbourne Convention Bureau has successfully secured 48 medical conferences to be held in Melbourne within the next five years, confirming the city’s status as a top choice for such events.

The city is expected to receive an injection of AUD$225m (US$148.7m) into its local economy from the 38,000 delegates expected to attend the medical conferences. This also presents excellent opportunities for investment, collaboration and potential medical breakthroughs in the future.

Julia Swanson, the CEO of MCB, said that Melbourne’s strong reputation in medical research and innovation, along with the Victorian government’s efforts in developing innovative medical precincts, are the key reasons behind the success of attracting conferences in the health and medical sector.

“The city has the top-notch infrastructure and fosters partnerships between universities, research institutes, and hospitals, attracting the most brilliant minds worldwide. Together, they inspire, innovate and bring about significant advancements in research and development,” she adds. “Hosting your conference in Melbourne means leveraging the expertise and innovation of our city’s top-tier knowledge hub.”

Melbourne is home to a large and innovative life science sector. 40% of Australia’s funding for medical research is based in Melbourne. Additionally, Melbourne has the highest proportion of people employed in the life sciences sector in Victoria and the most biotherapeutic companies in Australia.

Victoria’s technology and pharmaceutical industry generates over AUD 12.7bn in revenue. Additionally, the life science sector in the state is valued at more than AUD 35 bn.

In May, Melbourne will host the Spine Intervention Society’s SpineWeek, one of the 48 medical conferences expected to occur in the city. The event is anticipated to bring about AUD$14.7m to the local economy and draw 2,250 attendees worldwide.

The International Congress of Genetics will be taking place in Melbourne this July, and it is expected to bring in about 3,000 attendees and contribute over $26.6m to the local economy. 

Additionally, local accommodations will benefit significantly as about 19,000 room nights are projected to be occupied just from these two events.

Swanson explains that events like this are significant for reasons beyond just providing a temporary economic boost to the local area.

“Attending medical conferences can lead to investment opportunities, collaboration, and knowledge-sharing, ultimately resulting in breakthroughs in medical research and advancements in the healthcare sector,” she says.

Melbourne will become a top global destination for medical and healthcare business events. The Victorian government invests in significant infrastructure projects such as the Melbourne Biomedical Precinct, one of only five life science clusters worldwide.

Additionally, the state-of-the-art Aikenhead Centre for Medical Discovery, Australia’s first collaborative, hospital-based biomedical engineering research centre, is set to be completed in late 2024.

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