MedTech in Ireland

MedTech in Ireland

Some key Irish Medtech facts/ figures:

  • There are currently 250 medical technology companies in Ireland, exporting €7.2b worth of product annually and employing 25,000 people – the highest number of people working in the industry in any country in Europe, per head of population.
  • Exports of medical devices and diagnostics products now represent 8% of Ireland’s total merchandise exports; and growth prospects for the industry globally remain good.
  • Many of the world’s top medical technology companies have invested significantly in Ireland and a number of exciting, research-based, indigenous companies are emerging and competing internationally.
  • 50% of the companies in the sector are indigenous (ref Enterprise Ireland)
  • The Irish government has identified the medical technology sector as one of the key drivers of industrial growth for the future and provides a wide range of supports to encourage and foster this growth.
  • The medical technology industry in Ireland is changing from being prominently manufacturing to being more complex and driven by R&D. It now involves intensive collaboration between a broad range of partners, including research institutions, clinicians, manufacturing companies and government agencies..

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