Environmental Scan 2017 | Page 159

Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector
Benchmarked Countries
Description
o The aim of them setting up a museum is to encourage young people to explore the industry and to showcase to the younger generation on the attractiveness of the medical device industry and the prospects that await them when they work in this industry.
o Some of the museums include the Siemens MedMuseum in Erlangen and Berlin Museum of Medical History at Charite in Berlin. iv) Ireland Overview
Ireland has more than 300 medical devices companies which employs more than 29,000 people and is supported by a complete ecosystem of leading industry players, government agencies and academia. This ecosystem has been a key driver in the increase in the number of medical devices companies over the years.
The total value of diagnostic products which are exported annually from Ireland is worth approximately € 12.6bn
� 80 % of the world’ s cardiovascular stents are manufactured in Ireland, while one third of all contact lenses sold in global markets are exported from Ireland, and 25 % of global diabetes patients rely on products manufactured in Ireland
Another key driver for the success of Ireland within the medical devices space is the close and active collaboration between medical devices companies. More than 25 % of these companies have a shared services mandate. The local medical devices landscape is also closely integrated with key academic centres of excellence including AMBER, Tyndall National Institute and a few others.
Some of the key players within the medical devices space in Ireland include Abbott Ireland, Bayer, Becton Dickinson, Johnson & Johnson, Medtronic, Smith and Nephew, Kinectic Concepts Inc( KCI), Novate Medical, Stryker, Teleflex Medicals
Ireland is boom for medical device manufacturers who are able to compete on price competitiveness.
Another measure adopted by Ireland is through the Enterprise Ireland Commercialisation Fund, where it provides up to US $ 16 million for the co-development
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