Eight out of ten medtech industry leaders believe that the business environment in Ireland is good or very good, with two thirds saying that they intend to hire new people. Overall, an estimated 39,000 people are expected to be working in the industry by 2020.
This is according to a new survey published today 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.
Ireland is internationally recognised for its ability to manage 'lean' businesses, with productivity expected to increase in the coming months according to 85% of 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.
Speaking today, Irish Medtech Association Director, Sinead Keogh said, "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."