Medical Device Sector

Executive Summary Overview of the Medical Sector

Regional and Local Overview

  • Galway employs one third of the country’s 25,000 medical device employees and the West accounts for 39% of regional distribution of medical device.
  • There is a significant cluster of medical device companies with Medtronic and Boston Scientific being the largest MNC employers.
  • Boston Scientific Ireland Ltd employs 2,800 individuals and Medtronic Vascular Galway Ltd. employs 1,882 individuals.
  • The medical device cluster in Galway occurs through university-industry linkages, a continuous development of a skilled labour pool, international reputation through the success of Boston Scientific and Medtronic, the growth of supplier firms and knowledge transfers establishing new start-ups.
  • The medical device companies within this cluster are supported by such organisations as Enterprise Ireland, IDA Ireland, Udaras na Gaeltachta, Local Enterprise Office Galway, GMIT and NUI Galway.
  • Galway has become recognised for its specialisation in coronary devices.
  • The Department of Mechanical and Biomedical Engineering has given rise to an average of 22 graduates per year since 2003.
  • A BioInnovate team recruited in Galway, focusing on cardiovascular disease identified the need for a vascular support device and technology to improve vascular embolism.
  • REMEDI has recently received €47 million in funding grants for pioneering research initiatives for 36 research projects involving over 200 researchers.
  • GMedTech has obtained over €3.5 million worth of funding for an applied biomedical research project and has developed three cardiovascular type simulators for assessing heart attacks, stroke and aortic aneurysms
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