Irish Medtech sector ushering in better healthcare

Ireland’s medical technology industry is one of the largest in Europe with 13 of the world’s top 15 companies in the field having operations here.

With more than 300 companies employing 29,000 people in the sector, the Irish medical devices and diagnostic products export market is worth €12.6bn annually and represents 8% of the country’s total merchandise exports, according to the IDA.

Advances in technology are driving innovation in this area, and in addition to the economic advantages, there are long-term benefits for healthcare systems in terms of improved patient outcomes, reduced surgical risks, increased efficiencies and reduced costs.