Ireland is one of Europe’s largest MedTech hotspots and, as a globally recognised centre of excellence, is home to 300+ companies, employing 32.000 people. Nine of the world's top ten companies have operations here. Ireland also employs the highest number of MedTech personnel per capita in Europe.
Ireland’s MedTech sector has become one of the leading clusters for medical device products globally. Exports of medical devices and diagnostic products now represent 8% of Ireland's total merchandise exports.
30 million people
2nd largest exporter
Ireland is home to a closely knit cluster of 300+ MedTech companies, supported by industry, academic, clinical and government agencies. This integrated and progressive community has already encouraged an increasing number of companies to expand operations across multiple facilities.
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.
Ireland is ranked number one globally for the most highly employable graduates. The MedTech sector benefits from this flow of skilled graduates produced by Ireland’s seven universities and 13 Institutes of Technology. Close cooperation between industry and academic institutions ensures the evolving skill needs of sector are constantly met.
As the second largest exporter of MedTech products in Europe, Ireland supplies 95 of the world’s top 100 countries (ranked by GDP). Over 25% of the world’s population that have diabetes rely on injection devices made in Ireland. An impressive 50% of ventilators in acute hospitals worldwide are manufactured in Ireland. While 33% of the global supply of contact lenses are made here.
Ireland’s exemplary regulatory environment continues to play a key role in attracting global MedTech companies. Regulation agencies work closely not only with the industry as a whole but also with individual companies to ensure compliance and trouble-free start-ups.
Ireland boasts five clinical research facilities, which support patient-focused research and is ranked number one globally for the exchange of technology and ideas. This supportive environment and generous government grant assistance is responsible for an impressive 70% of MedTech companies in Ireland engaging in research and development activities.
The key driving force behind the stunning success of Ireland’s globally recognised MedTech sector has been active collaboration between companies. Over 25% of companies have a shared services mandate, helping the sector develop world-class operations and technology solution development. The industry is also closely integrated with key academic centres of excellence, including AMBER, Tyndall National Institute, BDI, SEAM and APT.
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Bausch Health Companies Inc. (NYSE/TSX: BHC) (“Bausch Health,” the “Company” or “we”) today announced it will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester, N.Y. The Company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.
Harmac Medical Products Inc., a leader in the international contract medical device market, today marked its 20th anniversary in Castlerea with a special celebration for staff and guests.
Harmac Medical Products Ltd. was established in Ireland in 1998 to meet the service needs of its international client base. The facility strategically positions Harmac as a world-class medical device manufacturer by providing a direct presence in Europe.
Leading medical technology company Stryker celebrates 20 years in Ireland
Company operates seven sites, employing over 3,000 people
BD, a leading global medical technology company, today announced the creation of 85 new jobs for the Limerick region. The €21 million investment in BD’s new centre of excellence has already seen 100 jobs recruited for the facility in 2017 and early 2018. The announcement of these 85 additional positions will bring the total number of employees across BD’s two Limerick sites to 285.
Quidel Corporation (NASDAQ: QDEL) a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, celebrated opening its new Business Service Centre in Galway city today. The celebration marks the company’s first expansion into international facilities.
While the American medtech industry is thriving, it still must deal with challenges that include higher production costs, finding skilled staff and the ongoing issues innate to a highly regulated sector. Then there are global concerns such as competition, funding and the high cost of research. With Europe and the United States being the key markets, many U.S. medtech firms have located some of their operations in Ireland in order to take advantage of an established, flourishing life sciences sector, strong governmental support and easy access to the lucrative European market.
IDA Ireland, the inward investment agency of the Irish Government has today reported a very strong first half of 2018.
19,851 Jobs Created in FDI companies – third consecutive year of strong growth under current strategy
December 19, 2017 (Lismeehan, County Clare) Beckman Coulter, which develops, manufactures and markets products that simplify, automate and innovate complex biomedical testing, is expanding the company’s development and manufacturing facility at Lismeehan, County Clare, creating 70 jobs over the next two to three years.
Fourteen of Top 15 Global Medtech Firms Now Have Irish Facilities, Responding to Ireland's "One-Stop Shop" Location
Michael Lohan is Head of Medical Technology & Healthcare Services at IDA Ireland. In this role, he is an ambassador spreading the word about Ireland's opportunities to medtech and biotech companies around the world. IDA Ireland is proud to be a platinum sponsor of The Med Tech Conference since 2007. Come visit IDA Ireland at booth #323. In the second part of this two-part blog, Lohan concludes his discussion about why American medtech companies have been choosing Ireland as their European base of operations.
Michael Lohan is Head of Medical Technology & Healthcare Services at IDA Ireland. In this role, he is an ambassador spreading the word about Ireland's opportunities to medtech and biotech companies around the world. IDA Ireland is proud to be a platinum sponsor of The Med Tech Conference since 2007. Come visit IDA Ireland at booth #323. In this two-part blog, Lohan talks about why American medtech companies have been choosing Ireland as their European base of operations.
Stryker held the grand opening of a global technology development center and centralized additive technology manufacturing hub located in the IDA Business & Technology Park in Carrigtwohill, Cork, Ireland today.
More Than 200 High-Tech Positions Will Be Located In New Limerick Facility
Plans to hire approximately 30 new employees to support operations
Adds to Growing Manufacturing Footprint in Ireland
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