Wednesday, 26 Oct 2011
The Life Sciences Industry employs over 50,000 people directly and exports over €56 billion annually, making Ireland the largest net exporter of pharmaceuticals in the world.
Microscope
Life Sciences sector in Ireland
Ireland has secured a global leadership position in the Life Sciences Industry. Four decades of continuous investment has made Ireland one of the leading locations for international life sciences companies.
Market overview
With such a large indigenous and multinational Life Sciences presence in Ireland, the sector encompasses companies across all the various Life Sciences sub-sectors from Chemicals to Pharma and Medical Device Services.
Indeed, 18 of the world’s top 20 pharmaceutical companies have substantial operations in Ireland and 6 of the world’s top 10 selling pharmaceutical products are exclusively produced here.
Confirming the size and strength of the sector in Ireland, is the success of the sector’s exports, which now account for nearly two thirds of total exports or 35% of Irish GDP.
Key opportunities
With the Life Sciences Sector in Ireland established, internationally recognised and continuing to grow, as well as being an Irish Government priority area, clear opportunities exist for UK companies to supply products and services to the sector in the following areas.
Chemicals
Development Technologies
Diagnostics / Instruments
Human & Veterinary Manufacture
IT for Health
Medical Aids / Finished Products
Medical Sub-Supply
Getting into the market
British companies wishing to enter and/or develop their business in the Irish market are advised to undertake as much market research and planning as possible. There are few barriers to entry with the same language, similar legal and regulatory structures as well as numerous cultural and business links.
UKTI’s team in Ireland, with its wide local knowledge and sector experience, can provide a range of services to British-based companies wishing to grow their business in the Irish market.
This includes, but is not limited to:
Provision of market information;
Validated lists of agents / distributors / other contacts as required;
Key market players or potential customers in the Irish market;
Establishment of interest of such contacts in working with you;
Arranging appointments; and
Organising seminars or other events for you to meet contacts and promote your company in the Irish market.
More about doing business in Ireland
Contacts
Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS).
To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team.
Rebecca Wardell, Deputy Director, British Embassy Dublin. Tel: 00353 (0)1 205 3763 or email: rebecca.wardell@fco.gov.uk.
Gavin Davidson, Trade Advisor, British Embassy Dublin. Tel: 00353 (0)1 205 3759 or email: gavin.davidson@fco.gov.uk.
Contact your local international trade team
Events
UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows.
Medtec Ireland
10th – 11th October 2012
Annual conference and exhibition with over 100 domestic and international exhibitors, across Medical device design, manufacture and aftercare.
MedinIreland
Circa October 2013
www.enterprise-ireland.com/en/Events/OurEvents/medinireland
Held every two years, the event is the most important high-profile national showcase event for the entire spectrum of the Irish Medical Device Sector.