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Ireland and the medtech revolution

Written by Robert McHugh, on 10th Jan 2019. Posted in Ireland

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Global medtech company, Cook Medical, has today called for engineers to develop skills in the analysis of device performance, research and future product development for Ireland to remain among leaders in Medtech.     

Cook Medical employs more than 850 people at its Limerick base including its state-of-the-art innovation centre and works with physicians to develop, manufacture and distribute technologies, such as stents and catheters, that reduce the need for open surgery.

The company encourages educators and students to consider developing skills in subjects like mathematics and science which incorporate data analysis and problem solving to meet growing demands for new talent in the medtech industry in Ireland.

According to the Irish Medtech Association, Ireland is one of five global emerging hubs and is home to 450 companies, employing 38,000 people. Medtech generates approximately 10% of overall Irish exports making it a massive contributor to the economy. The sector is worth over €12.6 billion, with great future potential for growth.

Furtermore, Cook Medical say in recent years the Mid-West has gained traction as a global medtech hub. The region has welcomed a number of global multinationals and is now home to 43 of Ireland's top medtech companies.

Speaking at yesterday’s BT Young Scientist & Technology Exhibition where Cook Medical has a stand at the ‘World of Science and Technology’ section, Darach McGrath, Director of Global Research & Development at Cook Medical said, "It is a progressive and exciting time for the medtech industry in Ireland. We are predicting continued growth in this space over the next ten years and new skills are needed to meet industry demands. We’re seeing an increased need for skills in data analysis, automation and robotics. These skills maximise the quality and efficiency of our manufacturing processes and help us better understand the performance of medical devices."

McGrath added, "The future success of the medtech industry in the Mid-West and beyond is dependent on strong, qualified talent. We look for employees with the relevant education coupled with the right mix of critical thinking, design, management skills and people skills to ensure the best outcomes for medical professionals and ultimately patients."

Source: www.businessworld.ie

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