The MedTech sector in Ireland has experienced growth at an exponential rate over the past decade. The sector has grown from 50 to 350 MedTech companies within in 20 years. Currently, 15 of the top 20 global medical devices companies have a base in Ireland. The sector employs an impressive 38,000 workers throughout the country. This is the highest number of people working in the industry in any country in Europe, per head of population. The strength of the indigenous MedTech sector is prominent as 6,500 individuals are employed directly by Irish owned MedTech companies.
The Irish MedTech sector has exported over €12.6bn in goods to over 100 countries globally. This figure is expected to increase greatly as there is such a strong importance placed on research, development and innovation within the country. In 2015, MedTech companies in Ireland spent over €205m on RD&I.
Ireland possess world-class capabilities in research with intensive collaboration between companies, research institutions and clinicians. This makes Ireland a perfect platform for the industry to start, innovate and continue to scale as one of the five global emerging hubs for the Medical Technology sector.