Industry & Business

Global medtech market to be worth €475bn by 2018

 Breaking News
  • Grand Canal Innovation District Planned For Dublin A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. [...]...
  • Heiton Buckley Unveils Newly Refurbished Mayo Branch Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo . GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked [...]...
  • Export Sales by Enterprise Ireland Client Companies Hit New Record Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of [...]...
  • BAM Wins €25 Million Contract to Build New Cheese Factory in Cork TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and [...]...
  • HBAN Scoops Major European Business Angel Network Award HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, was crowned Globally Networked Organisation 2018 at the recent EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria. HBAN was awarded the prominent European accolade in recognition of the significant [...]...

Global medtech market to be worth €475bn by 2018

Global medtech market to be worth €475bn by 2018
August 22
09:00 2017

Ireland must seize the opportunities being created by the continued growth in the global medtech market, expected to be worth €475 billion next year. That will be the key message from more than 30 leading medtech professionals, including CEOs, Fortune 500 business leaders and international experts, at “Medtech Rising: The Irish Medtech CEO Conference taking place on 6 and 7 December. The conference is jointly hosted by the Irish Medtech Association, the Ibec group that represents the sector, Enterprise Ireland and IDA Ireland.

Irish Medtech Association Director Sinead Keogh said: “Ireland is a gateway to the €110 billion European medtech market. Our medtech sector is world class, with 9 of the top 10 companies having a base here. Business leaders in Ireland continue to be ambitious for the future with 7 out 10 respondents of our recent Irish Medtech Sentiment Survey stating that they expect their company’s profitability to increase. The survey also revealed more than 8 out of 10 expect to grow their customer base. These results, as well as new business models and investment strategies are amongst the major themes that we will explored at Medtech Rising on the 6th and 7th of December.

“Despite the positive results of the survey, challenges to the sector remain. During the conference, Ibec CEO Danny McCoy will outline practical solutions to assist businesses facing uncertainty generated by Brexit. With almost one in three medtech business leaders stating that they expect Brexit to have a negative impact on their business, it is imperative that businesses are sufficiently aware of the risks posed and have the necessary tools to respond and adapt.”

Enterprise Ireland Director, Lifescience & Food Commercialisation and Manager, Lifesciences Sector Deirdre Glenn said: “While Ireland has become internationally known as a location of choice for top overseas companies, we’re also strong in growing indigenous companies which account for as much as 60% of Ireland’s medtech cluster. It’s fantastic to have some of these business founders and CEOs sharing their tips for success at the CEO Conference. The Irish global medtech hub is known for its ability to collaborate in order to drive growth and innovation. Medtech Rising is a unique event which brings the whole ecosystem together and provides an incomparable opportunity to network with 500 medtech professionals attending.” 

IDA Ireland Head of Medical Technologies Michael Lohan said: “While the global medtech market is seeing 4% growth annually* there is now an opportunity to build on this, with mega trends like ageing populations and personal healthcare increasing demand for medical technology and improving care for people. This is supported by technological advancement and innovations which will be explored during ‘Medtech Rising: The Irish Medtech CEO Conference’ with speakers exploring clinical-industry collaboration, disruption and the internet of medical things. With more than 30 speakers across 9 sessions and two days Medtech Rising is an unmissable event for medtech professionals bringing a global conference to Ireland.”

The following Fortune 500 business leaders will present at Medtech Rising, with more to be announced in the coming weeks: 
· Abbott Director Global Head of Innovation & External Collaboration, Brian O’Neill
· BD Diabetes Care EMEA Head of Market Access & Pricing, Richard Charter 
· Boston Scientific CEO, Michael J Mahoney 
· Boston Scientific VP Operations and Chair of Irish Medtech Association, Connor Russell 
· Johnson & Johnson Senior Director New Ventures & Transactions Medical Devices, Mirren Mandalia
· Optum Analytics President (a division of United Health Group’s OptumInsigh), Virginia McFerran
· Stryker Neuro Spine ENT and Navigation Vice President of Research and Development and Vice Chair of the Irish Medtech Association, David Tallon
· Zimmer-Biomet President, EMEA, Dr Katarzyna Mazur Hofsaess

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4