Medical Technologies activities include Research &Development, High Value Manufacturing, Globally Traded Services, IP Management and Supply Chain Management in the cardiovascular and cardiac rhythm management, orthopaedic, diagnostic and ophthalmic sectors.
With its focus on high value activities this sector fits well with the IDA Ireland transformation policy of moving Ireland up the value chain, including companies who have existing operations in Ireland and potential new investors.
This variety of activities is testament to a flexible, skilled and adaptable workforce and ensures many companies expand their activities beyond their initial presence.
Boston Scientific is a leading worldwide developer, manufacturer and marketer of medical devices. Their Galway site is their largest manufacturing site with over 3,000 people employed in the R&D and manufacture of cardiology and peripheral vascular products. What led Boston Scientific to announce a €50 million investment in R&D in 2008?
Johnson & Johnson, the world’s most comprehensive and broadly based manufacturer of health care products has a long history of foreign investment in Ireland. It currently has six IDA supported operations in Ireland, two of which are in the high value manufacture of MedTech products.
In 2007 Kinetic Concepts Inc. (KCI), a global medical technology company announced that it would establish a global manufacturing centre of excellence in Athlone, Co. Westmeath, further adding to Ireland’s BMW MedTech cluster. KCI’s proprietary products include advanced wound care systems and therapeutic surfaces.