Irish medical device industry to accelerate the development of the Chinese market


Release time:

2018-08-08

Irish medical device industry to accelerate the development of the Chinese market

Ireland is a world-class high-tech medical device manufacturing center and one of the world's major exporters of medical devices. Medical device products are exported to more than 90 countries in the world. Affected by the European debt crisis, the demand for medical devices in the European and American markets has entered a downward channel, and orders in Europe and the United States have generally decreased. Therefore, the Irish medical device industry plans to accelerate the development of the Chinese market.

China's medical device market accounts for 14% of the total pharmaceutical market, far from the global level of 42%. Industry insiders predict that China's medical device market will reach $53.7 billion billion by 2015. Compared with the global per capita consumption level of medical devices, China still has 5 to 6 times the room for improvement. Therefore, people in the Irish medical device industry believe that the Chinese market has more room for development.

In an interview with Xinhua News Agency, Gerard Kilcummins, vice president of Metronick's global vascular operations and general manager of Galway, said that China is obviously a very important market for Metronick. He said that Metronik has about 1300 Chinese employees, and more than 600,000 patients in China used Metronik's products or therapies last year.

Metronick has been operating in Ireland since 1999 and today employs more than 2000 people in Ireland, most of whom work in Galway in the west of Ireland, with more than 100 dedicated to research and development.

John Odia, CEO of Clos State, a medical device manufacturer in Galway, Ireland, said that working with China in the medical device industry is of strategic interest to Ireland because China has developed into a global medical device. Important market. He believes that with the development of China's economy, China's medical device market has great potential. Whether it is high-end medical equipment, or low-end medical equipment, in China will have a good market prospects.

James Green, CEO of Apica, another medical equipment manufacturer based in Galway, said that the scale of the Chinese market is obviously very large, so there should be good cooperation between Ireland and China and between the companies of the two countries. relationship. He said that understanding Chinese customs, business dealings, and market access rules is essential to accelerate entry into the Chinese market.

The development history of the Irish medical device industry can be traced back to the early 1960 s, when foreign companies represented by Baxter and Beckton Dickinson first landed in Ireland. After more than half a century of development, the medical device industry has become the country's dominant industry. Today, the medical device industry here is booming, and the upstream and downstream industry chain services are complete. The entire industry has 25000 employees and more than 250 companies, mainly concentrated in western cities such as Galway and Limerick. The size of the country's medical device industry is comparable to that of the two largest medical device industry centers in the United States (Massachusetts and Minnesota). Last year, the industry's exports reached 7.9 billion million euros, ranking second in the European Union after Germany.