Tag: Medtech

Medical Technology in Ireland

Every year, over €13 billion is exported to over 100 countries by Ireland’s medtech business. This makes it Europe’s second-largest medtech exporter, trailing only Germany. Medical equipment account for about 10% of all Irish exports. Europe’s premier cluster of medical devices companies is based in the Galway region of Ireland.

Some examples include:

  • Four out of five of stents used worldwide are produced in Ireland.
  • Half of the ventilators used in acute hospitals worldwide are produced here.
  • More than 30 million people with diabetes use injectable devices made in Ireland.

Ireland is one of the top six global medtech hubs, competing with Minnesota, Massachusetts and California in the US and Israel and Germany. The export prowess of Irish healthcare companies was recently proven when more than 20 home-grown companies visited the Arab Health Expo in Dubai, where Enterprise Ireland organized more than 200 meetings between companies and buyers. The number of Irish healthcare enterprises targeting the region increased by 40 percent. Ireland is also the largest medtech employer per capita in Europe, with 45,000 people employed in the sector, and one in five of those working in the sector are employed directly by Irish-owned medtech companies.

Ireland’s medtech sector has grown exponentially from 50 companies 20 years ago to 350 today. Over 200 of these 350 companies are Irish medtech companies. 18 of the world’s top 20 medtech companies have operations in Ireland. The two companies in the world’s top 20 who do not operate here are Olympus Corporation, with its headquarters in Japan and Terumo Medical Corporation, also headquartered in Japan.

Infographic. Top 20 Medical Device Companies Based on 2020 Revenue, https://pharmashots.com/5263/top-20-medical-device-companies-based-on-2020-revenue.

Below is an example of an Irish medical technology company that are focused on export and enjoying significant global success:

AEROGEN

Aerogen is the world’s leading medical device firm, specialising in aerosol medication delivery systems design, manufacture, and commercialisation. Its innovative palladium vibrating mesh technology, Aerogen Vibronic®, transforms liquid medication into a small particle mist, delivering pharmaceuticals to critically ill patients’ lungs softly and effectively. With HQ in Ireland, offices the United Kingdom, Germany, the United States, the Middle East, Asia, and India, the corporation has a significant international presence.

Ireland, Medical Technology, Medtech

MedTech and its impact on the future of Healthcare

MedTech and its impact on the future of Healthcare

Significant contributions to healthcare are unfolding as Innovation continues to play a huge role in areas such as pharmaceuticals, biotechnology, IT, and medical device manufacturing. Advancements in medical devices, in particular, is crucial for the healthcare industry. For this sector, continuous improvement is key to life-saving innovations.

Biotechnology, Healthcare, Life Sciences, Life Sciences Expertise, Medical Device Manufacturing, Medical Technology, Medtech, Pharmaceuticals

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medtech

Driving Medtech – Ireland’s Story

Written by Duncan Gruselle, Executive Search Specialist

InterSearch Ireland 

Ireland – Driving Medtech 

Ireland is a globally recognised centre of excellence for Medical Technology, home to over 300 MedTech companies. 13 of the world’s top 15 MedTech companies have operations in Ireland, with a total of 25,000 people employed in the sector. Ireland is now the 2nd largest exporter of MedTech products in Europe. Medical device and diagnostic products currently make up 8% of Ireland’s total merchandise exports.

The 300+ MedTech companies are supported by an integrated network of co-operating industry, academic, clinical and government agencies. With the highest number of personnel per capita employed in MedTech in Europe, Ireland has a deep pool of experienced and highly trained technical and managerial talent. Key areas of specific excellence include mechanical, electronic, materials engineering and science specialists.

Industry and Academia co-operation

The MedTech sector also benefits from Ireland’s high ranking globally in termsof the employability of university graduates.  The flow of skilled graduates is delivered through Ireland’s seven universities and 13 Institutes of Technology, but it is the close cooperation between industry and academic institutions that ensures the evolving skill needs of sector are constantly met. This close working between MedTech, Education and Research sectors reinforces the importance of exchanging of technology and ideas, which in turn helps drive growth in research and development.

Driving Medtech

An impressive 60% of MedTech companies in Ireland engage in research and development, supported by Ireland’s network of clinical research facilities.

InterSearch Ireland – Sourcing Talent

By combining InterSearch Ireland’s expertise across both the private and public sector, we deliver talent acquisition services to a variety of clients across the commercial MedTech sector as well as universities and academic research centres with a focus on MedTech.

 

Academia, Ireland, Medtech, Private Sector, Public Sector, research, Rising, Universities

InterSearch Ireland

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.

Innovation, InterSearch Ireland, Medical, Medtech, Technology

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