Industry & Business

Irish Medtech Awards launched amid strong industry growth

 Breaking News
  • Strabane Manufacturer to Invest Over £7 Million in Ambitious Expansion Strabane-based Fabplus is planning to more than double its workforce and turnover with support from Invest Northern Ireland. The investment is part of a three year expansion plan to increase its market share in the Republic of Ireland and Great Britain, and gain a foothold in mainland Europe and Scandinavia. Recruitment is underway to employ 83 additional staff at [...]...
  • PM Group Appoints a New Non-Executive Director Michael McNicholas has been appointed as a Non-Executive Director of Project Management Holdings (PM Group), the Irish headquartered international project delivery specialists. Michael McNicholas. Michael has over 35 years’ experience in senior leadership positions in the public and private sectors. He is the former CEO of Ervia, NTR plc and Managing Director of ESB International.  During his [...]...
  • Center Parcs Signs Contract With John Sisk & Son As construction activity on the much anticipated €233 million Center Parcs Longford Forest resort in County Longford ramps up, the company has announced it has formally awarded two major construction contracts to Dublin-based construction firm John Sisk & Son. The contracts for the construction of the 470 lodges and 30 apartments as well as the state-of-the-art centre [...]...
  • Medi-Shower Invests in Innovation to Drive Export Growth Multi-award-winning manufacturer Medi-Shower has created ‘smart showerhead’ technology which can reduce the risk of Legionnaires disease. The cutting edge product, developed with R&D support from Invest Northern Ireland is designed to meet the high requirements for hygiene within the healthcare sector. It reduces the risk of waterborne infection from bacteria that can build up due to poor design [...]...
  • EIB Loan Will Trigger €180 Million Investment Programme in Fingal Fingal County Council has signed a €70 million Framework Loan Agreement with the European Investment Bank (EIB) which will trigger a €180 million investment in strategic infrastructure projects within the county’s Capital Development Plan. This represents the first EIB support for county-wide investment in partnership with an Irish local authority for more than a decade [...]...

Irish Medtech Awards launched amid strong industry growth

Irish Medtech Awards launched amid strong industry growth
August 15
09:00 2017

Strong growth within the medtech industry is driving further investment and job creation. That’s according to a new survey published by the Irish Medtech Association, the Ibec group that represents the sector, to mark the launch of the Irish Medtech Awards which are jointly hosted with Enterprise Ireland and IDA Ireland.

The results of the Medtech Business Sentiment Survey reveal that more than 8 out of 10 medtech industry leaders believe that the business environment in Ireland was good or very good, with two thirds saying that they intend to hire new people, with an expected 39,000 people working in the industry by 2020.

Irish Medtech Association Director Sinead Keogh said: “The Irish Medtech Awards celebrates the strength and innovation of the sector in Ireland. Since Baxter won the first Medtech Company of the Year award 10 years ago, the industry has transformed from traditional to hi-tech manufacturing. Ireland is internationally recognised for its ability to manage ‘lean’ businesses, with productivity expected to increase in the coming months according to 85% of our survey responders. A strategically important growth area is the continued investment in R&D with nearly half of business leaders (45%) expecting to invest more in the next 6 months.

“One area of innovation where Ireland is leading internationally is connected health, with half of medtech companies here having connected health products, solutions and services as part of their business offering. Moreover, one in five of these companies are planning to invest in new products and talent with a quarter of them seeking to invest in new technology. That’s why the eHealth Innovation Award is so important to recognise the progress being made to grow businesses and drive improvements in more personalised, patient care.”

Director, Lifescience & Food Commercialisation and Manager, Lifesciences Sector Deirdre Glenn said: “While the Irish economy is one of the most globalised in the world, indigenous companies are playing an increasingly important role driving growth and creating jobs. Enterprise Ireland has supported investment into Irish companies’ innovation capabilities and competitiveness over the years with the focus on entrepreneurship and building leadership. The Emerging Medtech Company Award is an important award in the medtech sector where four out of five companies are SMEs. However, as we look to the future we want to do more to help companies build their scale and expand their reach. Previous Company of the Year winners Aerogen and Crospon are a good example of Irish businesses we’ve invested in which prove that Irish companies can compete and thrive.”

IDA Ireland Head of Medical Technologies Michael Lohan said: “The IDA has helped to attract foreign direct investment into Ireland for nearly seven decades and in that time Ireland has become the number 1 destination of choice for medtech investment in Europe. This has put us on a par with the world’s leading medtech clusters, like Massachusetts and Minnesota in the USA. Ireland’s medtech hub includes numerous multi-site businesses, like past winners of the Company of the Year Award, Abbott and Medtronic, as well as key partners like West who won the inaugural Partner/Supplier Award last year. And while 75% of all investments we see are in manufacturing and technology, over 60% of IDA client companies have an R&D focus which is why the Academic Contribution to Medtech Award is so important to this innovative sector. Collaboration is a key part of what has made Ireland a global medtech hub, and the Irish Medtech Awards help us come together as an industry to recognise the ongoing companies successes.”

Applications to the Irish Medtech Awards can be made online at www.irishmedtechassoc.ie/awards the closing date is Friday 22 September.

To reflect the depth and and breadth of the Ireland’s internationally recognised medtech sector there are now six award categories:
· Medtech Company of the Year 
· Emerging Medtech Company of the Year 
· Academic Contribution to Medtech Award 
· eHealth Innovation of the Year 
· Medtech Partner/Supplier of the Year 
· Best European Medtech Week Campaign Award (new award to recognise companies raising awareness of how the 500,000 products types on the market help diagnose, treat and monitor patients) 

About Author

editor

editor

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4