Press Release 03 Sep 2014

  • Medical Technology Awards launched, confidence continues to increase in sector
  • Half of companies surveyed expect to increase staff numbers, a third to increase R&D investment

3rd September 2014 -The Irish Medical Device Association (IMDA), the Ibec group which represents the medical devices industry, found in it's latest survey that confidence is high and continuing to grow  in the sector with 42% of companies expressing more confidence in their business than they did three months ago and 55% remain equally confident. Nearly, half the companies surveyed (47%) said that they expect to hire new staff and 34% expect to increase investment in R&D in the coming three months.  

The release of the survey results coincide with the launch of the Medical Technology Industry Excellence Awards 2014 - 2015. The 2013 Overall Medical Technology Company of the Year award winner Aerogen CEO John Power, said “It was an honour for Aerogen to be recognised as the Medical Technology Company of the Year.  As an Irish owned company we are immensely proud of the fact that our life saving products are sold in over sixty countries around the world and that today Aerogen is a recognised global brand leader in acute-care aerosol drug delivery”.

The four award categories are:

  • Overall Medical Technology Company of the Year Award
  • Emerging Medical Technology Company of the Year Award
  • Outstanding Contribution to the Medical Technology Sector Award
  • Medical Technology Academic Award

IMDA Director Sinead Keogh, commented on the research, saying: "The confidence levels outlined show that the medtech sector is focussed on the future, on innovation and on expansion. The sector already employs 25,000 people in Ireland and has annual exports worth €8 billion.  We are now looking for companies to tell us their story by entering the medtech awards and promote best practice across the industry.”

IDA Ireland Head of Medical Technologies Andrew Vogelaar said: “The Life sciences sector has publically announced over €750 million in investment in the last three years. The awards offer a fantastic opportunity for both multinational and Irish indigenous companies to display their latest products and services on an international scale.”

Enterprise Ireland Manager Manufacturing and Competitiveness Tom Kelly, said “The sector involves intense collaboration between manufacturing companies, academic institutions, clinicians and government agencies. IMDA’s survey showed that 71% of medtech companies believe collaborative research initiatives are beneficial to their business. The Medical Technology Academic Award, promotes interaction between companies and academic institutions.”

Now entering its eighth year the Medical Technology Industry Excellence Awards are open to any medtech company based in Ireland. Entries close on Friday 10 October 2014. The Awards are sponsored by KPMG (platinum sponsor), Teleflex Medical (gold sponsors), AIB; Bank of Ireland; and IMDA Skillnets (silver sponsors). The awards ceremony will take place at the annual CEO Forum in the Strand Hotel, Limerick on Thursday 11 December 2014.



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