The MedTech sector in Ireland has experienced growth at an exponential rate over the past decade. The sector has grown from 50 to 250 MedTech companies within in 20 years. Currently, 13 of the top 15 global Medical Technologies companies are in located 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 €12.5bn 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.

 

MedTech in Ireland

The MedTech Sector in Ireland is comprised of Medical Sub Supply, Diagnostic, Medical Device and important ancillary service companies.

The Irish MedTech sector has exported over
€12.5bn in goods to over 100 countries globally

38,000 people are employed by the sector, of which 6,500 are employed by indigenous companies

Over €205m was spent on RD&I by MedTech companies in 2015 in Ireland

265

MedTech companies are based in Ireland 152 are indigenous Irish companies