• Forecast: manufacture of medical and dental instruments revenue in Ireland 2010-2022

Ireland is considered as one of the leading manufacturers of medical products in the world, housing 18 of the world’s top 25 medtech firms, according to data from medicalplasticsnews.com. Key growth drivers include the growing technological innovations, state of the art production facilities and the growing investments in research and development. Additionally, a rise in the ageing population has also led to an increased demand for dental procedures and instruments. In fact, over 1.1 million dental treatments were conducted in the country in 2018. Therefore, it isn’t surprising to see that industry revenues are projected to grow from 9.7 billion U.S. dollars in 2010 to over 14.4 billion U.S. dollars by 2022. As of 2014, the total number of enterprises manufacturing medical and dental instruments amounted to 268.

The country’s strong manufacturing prowess has also led to it being a major exporter of instruments and appliances used in medical sciences, including scintigraphic apparatus and electro-medical apparatus. Exports of these instruments and appliances were valued at over five billion euros in 2018.

Manufacture of medical and dental instruments revenue in Ireland from 2010 to 2022 (in billion U.S. dollars)

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the NACE Rev. 2 - system in Ireland. The industry “manufacture of medical and dental instruments and supplies“ has the code “C325“.

Details on the methodology can be found here.

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