8 Medical Technology companies shortlisted for 2012 Excellence Awards
3 December 2012: A shortlist of eight medical technology companies was announced today for the 2012 Medical Technology Excellence Awards.
The Medical Technology Industry Excellence Awards are jointly hosted by Enterprise Ireland, IDA Ireland and Ibec’s Irish Medical Devices Association (IMDA). Eight companies have been shortlisted, four for the Company of the Year Award and four for the Emerging Company of the Year Award. The winners will be announced on Thursday 13th December at an event in Galway.
Commenting on the shortlist, Dr Brian O’Neill, Manager Life Sciences at Enterprise Ireland said:
“The medical technologies industry is of key importance to the Irish economy and has continued to grow year on year. 25,000 people are directly employed in the sector in Ireland. Ireland is home to nine out of the world’s top 10 leading multinationals including Boston Scientific, Medtronic, Cordis, DePuy, Stryker, Covidien, Baxter, Abbott, and Cook Medical as well as a very strong base of innovative indigenous companies.
“The sector in Ireland has developed to global standard characterised by global excellence and leadership in world class manufacturing, lean business, innovative R&D, new product development and global success. The standard of entries for this year’s awards was extremely high and reflected the continuing evolution of the medical technologies industry across Ireland.”
Shortlist for the Company of the Year Award:
- DePuy Ireland
- Lake Region Medical Limited
- Stryker Ireland
Shortlist for the Emerging Company of the Year:
- neoSurgical Ltd. & Inc
- i360medical Limited
- Technopath Manufacturing
- APICA Cardiovascular Ltd
Issued by Murray Consultants on behalf of Enterprise Ireland, IDA Ireland and the Irish Medical Devices Association.
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Irish Medical Technology Sector – Key Facts
- There are currently 200 medical technology companies in Ireland that employ 25,000 people - the highest number of people working in the industry in any country in Europe, per head of population.
- Exports of medical devices and diagnostics products now represent 8% of Ireland’s total merchandise exports; and growth prospects for the industry globally remain good.
- Many of the world’s top medical technology companies have invested significantly in Ireland and a number of exciting, research-based, indigenous companies are emerging and competing internationally.
- Over 90 of the companies in the sector are indigenous.
- The Irish government has identified the medical technology sector as one of the key drivers of industrial growth for the future and provides a wide range of supports to encourage and foster this growth.
- The medical technology industry in Ireland is changing from being prominently manufacturing to being more complex and driven by R&D. It now involves intensive collaboration between a broad range of partners, including research institutions, clinicians, manufacturing companies and government agencies.