Healthcare and Medical Devices

An Expert's View about Medical, Health and Cosmetics Products in Ireland

Posted on: 27 Nov 2011

Ireland’s medical devices Industry boasts 15 of the world’s 25 leading medical technology companies. The sector employs over 22,000 people in 110 companies with sales in excess of €4 billion annually and a growth rate approaching 10%.

Healthcare and Medical Devices sector in Ireland Ireland is a key global location for the Healthcare and Medical Devices Industry. Healthcare spending, despite budget constraints, remains a key priority for the Irish Government, with almost one quarter of Government spending invested in Health. Market overview Ireland?s medical devices Industry boasts 15 of the world?s 25 leading medical technology companies. The sector employs over 22,000 people in 110 companies with sales in excess of ?4 billion annually and a growth rate approaching 10%. Moreover, Government spending on Health, at 78%, is above the OECD average of 73%, meaning Ireland spends more per capita on healthcare than Germany, France, the Netherlands and Italy. Key opportunities With continued state investment in healthcare, and continued growth in Ireland?s highly successful Medical Devices Industry, clear opportunities exist for UK companies to supply products and services in the following areas. ? Medical Devices ? Medical Supplies ? Diagnostics ? Rehabilitation Equipment ? Home Healthcare Equipment ? Information Communication Equipment Of particular interest to the Irish market are also Diagnostics, Orthopaedics, E-Health, Consultancy and PPP. Latest export opportunities ? Healthcare and Medical sector Latest export opportunities - Ireland Getting into the market British companies wishing to enter and / or develop their business in the Irish market are advised to undertake as much market research and planning as possible. There are few barriers to entry with the same language, similar legal and regulatory structures as well as numerous cultural and business links. UKTI?s team in Ireland, with its wide local knowledge and sector experience, can provide a range of services to British-based companies wishing to grow their business in the Irish market. This includes, but is not limited to: ? Provision of market information; ? Validated lists of agents / distributors / other Contacts as required; ? Key market players or potential customers in the Irish market; ? Establishment of interest of such contacts in working with you; ? Arranging appointments; and ? Organising seminars or other events for you to meet contacts and promote your company in the Irish market. More about doing business in Ireland Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ? Rebecca Wardell, Deputy Director, British Embassy Dublin. Tel: 00353 (0)1 205 3763 or email: rebecca.wardell@fco.gov.uk ? Gavin Davidson, Trade Advisor, British Embassy Dublin. Tel: 00353 (0)1 205 3759 or email: gavin.davidson@fco.gov.uk Contact your local international trade team Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Latest events ? Healthcare and Medical Medtec Ireland 10th ? 11th October 2012 www.medtecireland.com Annual conference and exhibition with over 100 domestic and international exhibitors, across Medical device design, manufacture and aftercare. MedinIreland Circa October 2013 www.enterprise-ireland.com/en/Events/OurEvents/medinireland Held every two years, the event is the most important high-profile national showcase event for the entire spectrum of the Irish Medical Device Sector. Useful links More about OMIS and other UKTI services for exporters
Posted: 27 November 2011

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