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Ireland is the second largest employer for medtech professionals in Europe per capita

Written by Robert McHugh, on 8th Dec 2016. Edited on 27th Jun 2017 Posted in Ireland

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There was strong growth in the medtech sector in Ireland during the past ten years with employment increasing by 36% to 30,000, making Ireland the second largest employer for medtech professionals in Europe per capita and number one for FDI.
 
Irish Medtech CEOs meeting in Galway today heard that the sector is now firmly at the fore of innovation across Europe with 11,000 patent filed to date.

The Irish Medtech CEO Forum which takes place today and tomorrow in the Radisson Blu Galway, will be addressed by industry experts from Ireland and abroad. The event is co-hosted by the Irish Medtech Association, Enterprise Ireland and IDA Ireland annually.
 
During today's event, attendees heard how the medtech sector has grown significantly from 50 companies in the early 1990's to a global medtech hub which includes FDI as well as indigenous and related supplier and services. 

Last month, saw two significant announcements - West Pharmaceutical Services growing it's Irish capabilities in drug delivery and diagnostic devices with a 60,000 sq foot expansion and 100 new jobs at Mulhuddart and Teleflex's official opening of their Global Operation and International Head Quarters in Athlone.

IDA expects to continue to see significant investment into the Irish medtech sector which will drive growth, innovation and support jobs in the near future.
 
Speaking today, Irish Medtech Association Director, Sinead Keogh said, "A major growth area for the sector is the 'Internet of Medical Things', This connects expertise from different industries, and empowers patients and clinicians through online networks and new technologies. The Irish Medtech Association is delighted to have been awarded funding to establish an Internet of Medical Things Skillnet jointly with ICT Ireland, the Irish Software Association (ISA), and BioPharmaChem Ireland, to develop niche skills which will be core to delivering healthcare solutions of the future."

She added, "To support growth in the sector and to make the full use of medical advances we need the right infrastructure. Ireland has a dispersed rural population and the speedy implementation of the Government's National Broadband Plan is needed to connect all citizens. This is essential for not just for businesses, but also for patient healthcare."
 
Source: www.businessworld.ie

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