The IMDA (Irish Medical Device Manufacturers Association) is the representative body for many of the medical device manufacturers operating in Ireland today.
Some key Irish Medtech facts/ figures:
- There are currently 250 medical technology companies in Ireland, exporting €7.9bn worth of product annually and employing 25,000 people – the highest number of people working in the industry in any country in Europe, per head of population.
- Exports of medical devices and diagnostics products now represent 8.5% of Ireland’s total merchandise exports; and growth prospects for the industry globally remain good.
- Many of the world’s top medical technology companies have invested significantly in Ireland and a number of exciting, research-based, indigenous companies are emerging and competing internationally.
- 50% of the companies in the sector are indigenous (ref Enterprise Ireland)
- The Irish government has identified the medical technology sector as one of the key drivers of industrial growth for the future and provides a wide range of supports to encourage and foster this growth.
- The medical technology industry in Ireland is changing from being prominently manufacturing to being more complex and driven by R&D. It now involves intensive collaboration between a broad range of partners, including research institutions, clinicians, manufacturing companies and government agencies.
The video below is a short overview of the industry in Ireland