Almost 500 Medtech business leaders gathered in Galway this week to see Medtronic named the Medtech company of the year at the 10th Irish Medtech Awards. The event is part of the two day Medtech CEO Forum, hosted by the Irish Medtech Association, Enterprise Ireland, and IDA Ireland.
Medtronic’s Parkmore Galway facility- in existence for 30 years- is a global centre of excellence for company operations and new product development. An example of the site’s evolution is the Customer Innovation Centre that was opened in 2013. This state of the art facility allows global healthcare professionals and Irish Medtronic engineers to work together to overcome challenges and meet the needs of a changing healthcare environment. This collaboration has evolved significantly since its opening as new therapies and solutions thrive on this collaboration. By working closely with customers, Medtronic aims to improve clinical outcomes, provide economic value and increase access to quality healthcare for patients around the world.
The Medtech Company of the Year was just one of five competition categories. The other winners were:
· Emerging Company of the Year: Zoan BioMed, Galway
· Academic Contribution to Medtech: BioInnovate, Galway
· eHealth Innovation of the Year: SilverCloud Health, Dublin
· Medtech Partner/Supplier of the Year: West (formerly Tech Group Europe), Dublin
Vice President and General Manager Medtronic Galway Tony Neary said: “Winning this award is a true reflection of the relentless commitment and focus of our employees who constantly strive to make a real positive impact for our patients. Meaningful collaboration between our engineers and healthcare professionals at our Customer Innovation Centre allows us to work together towards achieving our common goal of improving patients’ lives and overcoming challenges in the healthcare environment.”
Irish Medtech Association Director Sinead Keogh said: "Irish medtech is a driver of both improved patient care and job creation: Medtronic is a great example of this. Medtech has a strong regional presence outside of Dublin with major clusters in Sligo, Cork, Limerick and Galway. This is also clear from all three finalist for Company of the Year with AbbVie based in Sligo and Abbott Diagnostics in Longford as well as Medtronic's award winning site in Galway. Medtech manufacturing is the second largest employer in Ireland at 160,000 people working in the sector. 72 per cent of the jobs created this year were outside of Dublin. The medtech sector is vital for redressing economic recovery throughout the regions..
"Medtech has a proud and lengthy history in Ireland. To mark the tenth Irish Medtech Awards and the Easter Rising Centenary, we've developed a unique publication, 'Medtech Rising'. It charts the evolution of medtech innovations and manufacturing growth since 1916. It includes exclusive interviews and timeline highlights with this year's award winners Medtronic and BioInnovate as well as West (formerly Tech Group) along with other leading organisations from across the medtech sector to tell the story of how the sector evolved and set-out our ambition for the future."
Enterprise Ireland Manager of Lifesciences Sector Market Department Deirdre Glenn, said:"While Ireland is home to 18 of the world's top 25 medtech companies, 60% are homegrown and we've seen these businesses grow sales at a rate of 10% (CAGR) since 2012. Enterprise Ireland is committed to helping entrepreneurs start and grow businesses. That's why it's so important to recognise every element of the ecosystem at the Irish Medtech Awards and celebrate its successes."
IDA Ireland Head of Medical Technologies Michael Lohan said:"There is no other event in Ireland or Europe quite like the Irish Medtech CEO Forum. This year nearly 500 business leaders gathered in Galway for the two day event. The new Partner/Supplier Awards and eHealth Innovation awards reflect the diversity and innovative nature of the sector. The sector has evolved over the past decade to become a globally recognised cluster with proven skills and capabilities and is a significant engine for economic growth. Ireland is truly the location of choice for medtech investment and innovation in Europe."