Better instruments: In 2023, revenue is forecast to increase as medical providers clear patient backlogs
The Republic of Ireland is one of the world's leading manufacturers of medical products, with exports representing an estimated 69.2% of total medical device and instrument manufacturing revenue in 2023. The domestic and global ageing population, coupled with higher levels of obesity, has accelerated the need for healthcare services and medical instruments. Most manufacturers focus on producing sophisticated and specialised medical and dental products required for medical procedures globally, propelling export growth. Favourable domestic market conditions, aided by population growth and public and private healthcare spending increases, have supported revenue growth. Over the five years through 2023, revenue is expected to climb at a compound annual rate of 1.8% to reach €18.2 billion.
Companies in the Medical and Dental Instrument Manufacturing industry manufacture laboratory apparatus, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures and orthodontic appliances. The industry also includes medical and dental furniture manufacturers where the additional specific functions determine the purpose of the product, such as dentists’ chairs with built-in hydraulic functions.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Medtronic plc
- Boston Scientific Corporation
Methodology
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