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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Revenue in billion U.S. dollars
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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“.
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Eurostat, & Statista. (August 23, 2018). Manufacture of medical and dental instruments revenue in Ireland from 2010 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/forecasts/393010/manufacture-of-medical-and-dental-instruments-revenue-in-ireland
Eurostat, und Statista. "Manufacture of medical and dental instruments revenue in Ireland from 2010 to 2022 (in billion U.S. dollars)." Chart. August 23, 2018. Statista. Accessed June 29, 2022. https://www.statista.com/forecasts/393010/manufacture-of-medical-and-dental-instruments-revenue-in-ireland
Eurostat, Statista. (2018). Manufacture of medical and dental instruments revenue in Ireland from 2010 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/forecasts/393010/manufacture-of-medical-and-dental-instruments-revenue-in-ireland
Eurostat, and Statista. "Manufacture of Medical and Dental Instruments Revenue in Ireland from 2010 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Aug 2018, https://www.statista.com/forecasts/393010/manufacture-of-medical-and-dental-instruments-revenue-in-ireland
Eurostat & Statista, Manufacture of medical and dental instruments revenue in Ireland from 2010 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/393010/manufacture-of-medical-and-dental-instruments-revenue-in-ireland (last visited June 29, 2022)