Irish Medtech Sector Continuing to Innovate
Med in Ireland shows medtech innovation is in good health
Written by: Deirdre Glenn, Manager of Life-sciences Sector at Enterprise Ireland
Reposted by InterSearch Ireland
Ireland is in the World’s Top 5 Medtech Hubs
“Ireland – a small country with a strong economy where collaboration and values matter,” said Pierre Chauvineau, vice-president at Boston Scientific, speaking at the 12th annual Med in Ireland event last month. As many speakers noted at the key medical technologies event opened by Minister Pat Breen, the latest statistics show that the sector is in full health in Ireland.
Ireland has emerged as one of the world’s top five medical technology hubs over the last 20 years. Thirteen of the top 15 global medtech companies have bases here, demonstrating that the country has become internationally recognised as a location of choice for the development and manufacture of high-tech medical products.
The sector has over 350 medical technology companies, of which 152 are indigenous and generate over €600m in sales and €400m in exports, employing over 6,500 people.