Buoyant life sciences sector on crest of a wave

Life sciences are an anchor for the economy in tough times;  med-tech alone employs 27,000 people in c.400 companies, half of these in Irish-owned SMEs

Sanofi, just one of the many life sciences companies expanding in Ireland.

Ireland has served as a magnet for investment on the part of life sciences companies over recent decades. The sector is now a major anchor for the economy in difficult times with the sector accounting for over half of all Irish goods exports by value.

In 2018, total pharma exports reached €73 billion while in 2017, €1.8 billion was invested in research and development, according to the representative group Biopharma Chem Ireland.