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The Evolution of Ireland’s Medical Device Cluster and Its Future Direction

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  • David McKernan

    (College of Science and Engineering, National University of Ireland, H91 TK33 Galway, Ireland)

  • Olivia McDermott

    (College of Science and Engineering, National University of Ireland, H91 TK33 Galway, Ireland)

Abstract

Ireland has developed a highly successful medical device cluster. Most of the industry started from USA multinationals that moved to Ireland in the 1990s. An ecosystem has now developed with strong linkages between universities, start-ups, multinationals, venture capital, suppliers, and supporting industries. This paper explores the Medical Device cluster in Ireland. It characterizes the industry through the companies, innovation, products, markets, and regulatory framework. It concludes that the Irish MedTech industry is successful but has been highly dependent on USA multinationals that established themselves here in the 1990s. Based on this, we summarize the opportunities and threats the industry now faces. This is one of the first studies that categorized the MedTech industry in Ireland. This study will provide valuable insights to aid government policy to sustain the medical device cluster in Ireland as well as provide insights into other countries.

Suggested Citation

  • David McKernan & Olivia McDermott, 2022. "The Evolution of Ireland’s Medical Device Cluster and Its Future Direction," Sustainability, MDPI, vol. 14(16), pages 1-19, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10166-:d:889507
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    References listed on IDEAS

    as
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    Cited by:

    1. Nadezhda Shmeleva & Tatyana Tolstykh & Viktoria Krasnobaeva & Diana Boboshko & Denis Lazarenko, 2024. "Network Integration as a Tool for Sustainable Business Development," Sustainability, MDPI, vol. 16(21), pages 1-25, October.

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