Ireland is one of the top five global medtech hubs with 9 of the world’s top 10 medtech companies having a base here. With the right policies, the Association believes the industry can take a greater share of the global medtech market which is forecast to grow to €530 billion by 2024.
The Irish Medtech Association has set out recommendations for Government under three pillars:
Pillar 1 Health and patient access
- Ensure the effective implementation of the new EU Medical Device Regulations
- Promote regulatory convergence after Brexit and the recognition of CE marks
- Make sure any Health Technology Assessment regulations are fit-for-purpose
Pillar 2 Enterprise and Innovation
- Embrace new technologies with advanced manufacturing
- Nurture entrepreneurship and support disruptive innovation
- Advocate for tax policies that align profits with substance
- Establish Ireland as a leader for gender leadership in manufacturing
Pillar 3 Education and skills
- Support lifelong learning for a worldclass knowledge economy
- Safeguard the sustainability of the new apprenticeships programmes