Five-fold growth in European healthtech over past five years signals opportunity as Irish Medtech Awards finalists revealed – Irish Medtech Association

November 14, 2022

The Irish Medtech Association, the Ibec group that represents the medtech sector, Enterprise Ireland and IDA Ireland today announced the finalists for Medtech Rising: The Irish Medtech Awards 2022.

Ibec Head of Sectors, and Director of Medtech and Engineering Dr Sinead Keogh said: “The global life sciences industry is estimated to be currently worth in excess of $1 trillion dollars. In 2021 alone, $44 billion was raised globally in digital health innovation, twice as much as 2020. Closer to home, the value of European-based healthtech has grown from $8 billion to $41 billion, between 2016 to 2021. In medtech alone, Ireland stands out as one of the top five global hubs with 450 businesses, including 9 of the world’s top 10 medtech companies. Ireland is the greatest employer of medtech professionals, per capital in Europe with the number employed rising to 45,000 this year. Ireland is the third most competitive country in the Eurozone, with a start-up friendly environment, access to top talent, and is a global gateway for trade. This means we’re well placed to take a greater global lead while fostering a more regionally balanced economy in Ireland with major clusters in Cork, Waterford, Sligo, Limerick, Athlone, Dublin, and Galway where we are hosting Medtech Rising.”

“The Irish Medtech Awards celebrate the sector’s success in strategic areas such as innovation, digital health, diversity and representation, collaboration, and sustainability. However, the ultimate goal of the medtech community is to improve patient outcomes, new product areas like digital health, and enabling technologies such as artificial intelligence, are already empowering patients as well as improving clinical decision making.  We are proud of the role Irish medtech already plays in saving lives, and we believe that with greater coordination led by the Government under a national healthtech strategy we could make a greater impact.”

Enterprise Ireland Head of Lifesciences Garrett Murray said, “The Irish Medtech sector is world renowned, diverse, highly collaborative and integrated. Medtech companies in Ireland have global ambition underpinned by innovation and research excellence. Enterprise Ireland is proud to work with Irish medtech companies to help them start, scale and create jobs across all the regions of Ireland. The Irish Medtech Awards are a terrific opportunity to celebrate the success of indigenous Medtech companies, their research partners and the wider sector.”

IDA Ireland’s Head of MedTech Rachel Shelly said, “Ireland is a shining light in the global MedTech industry with a long track record of attracting world leading companies and supporting regional economic development. The important role of the sector is highlighted by the outstanding contribution the industry makes in communities all across Ireland in terms of jobs, capital investment and spend with Irish based suppliers. Three quarters of MedTech companies are investing in Research & Development, creating and supplying the next generation of life saving devices to global markets. Medtech Rising will bring us together to acknowledge this sector’s continued success, and IDA are proud to co-host this must-attend event.”

Medtech Company of the Year Award 2022

  •  Arrotek Medical
  • Cerenovus Galway

Emerging Medtech Company of the Year Award 2022

  • FIRE1
  •  Invera Medical
  • SymPhysis Medical

Collaboration in Medtech Award 2022

  • BioInnovate Ireland
  •  Boston Scientific Cork
  • Health Innovation Hub Ireland

Medtech Partner/Supplier of the Year Award 2022

  • Bellurgan Precision
  •  Complete Laboratory Solutions (CLS)
  • Harmac Medical Products

Digital Health Innovation of the Year Award 2022

  • Bluedrop Medical
  •  Optolab 3D Technologies

Best Diversity and Representation Company Initiative Award 2022

  • Johnson & Johnson Medtech
  •  Medtronic
  • Stryker

Best Talent Strategy in Medtech Award 2022

  • Abbott Vascular
  •  Beckman Coulter
  • TE Connectivity

Best Process-Product Innovation in Medtech Award 2022

  • Abbott Vascular
  •  Boston Scientific (Cork)
  • Harmac Medical Products

Sustainable Medtech Company of the Year Award 2022

  • Beckman Coulter
  •  Thermoking Trane Technologies
  • VistaMed


We would like to thank our event sponsors, Platinum sponsor: Accenture; Gold sponsors: Complete Laboratory Solutions (CLS); Freudenberg Medical; Irish Medtech Skillnet; KPMG; Kuehne+Nagel; Teleflex; and Trinzo; as well as Silver sponsors: Amcor; Dolmen; EIT Health; MathWorks; TE Connectivity; and XMS Capital Partners.