herald

Monday 11 December 2017

We're leaders in hi-tech medicine

IRELAND is well placed to become a global leader of the medical technology sector by 2015.

Throughout last year, the sector pumped €170m in investment into the country and created 875 jobs in Ireland.

The IBEC-affiliated Irish Medical Device Association said it saw Ireland as an international location of choice for the industry due to its expertise and pro-business environment.

Its aim is that, by 2015, Irish-made medical technology products and solutions will be major contributors to global healthcare and the global economy.

The 250 medical technology companies in Ireland which consists of both domestic and FDI companies, export €7.2bn worth of product annually and employ 25,000 people - the highest number of people working in the industry in any country in Europe, per head of population. "The industry is poised for rapid convergence between technologies, which will result in new products," said Irish Medical Device Association chairman Paraic Curtis.

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