Most people wouldn't touch venomous spiders with a 10 foot pole, but one expert has claimed that arachnid poison could give rise to a medical miracle.

The head of Queensland Museum's arachnological division Dr Robert Raven believes a species of spider local to the in the Northern Territory could offer exciting medicinal opportunities for scientists.

A floodplain near Maningrida in the north coast of the state has the highest concentration of tarantulas in the world, and Dr Raven believes that one species-the Maningrida diving tarantula-could offer a curative breakthrough, reports ABC.

(Stock image) An Australian arachnological specialist claims a species of tarantula wfrom the Northern Territory could offer medicinal benefits

Dr Robert Raven, who has discovered more than 400 spiders in his 40-year career, believes there are more types of tarantulas in the Northern Territory than anywhere else in Australia.

'Because there are so many, it's not like we're hunting or picking for a particular animal. They're all around us.'

'The entire intellectual property concerning the spider - its young, its adults, and its venom - are all property of the community,' he said.

The Maningrida diving tarantula was discovered in 2005 by local children during a scientific excursion.

(Stock image) Little is known about the Maningrida diving tarantula, apart from it's unique ability to swim

The species was discovered in a floodplain near Maningrida in the north coast of the state, which has the highest concentration of tarantulas in the world

Little is known about the spider, apart from its unique ability to swim.

The critter has the ability to covers itself in air bubbles to breathe underwater and access its tunnel during the wet season.

But it has been difficult to research since they were discovered, and Dr Raven believes it would take a particular type of researcher for the job.

'They're very difficult to study, you really need some quality equipment, and you need someone who's young and strong.'