Irish Market | Collins McNicholas

The Medtech Industry in Ireland – Regional Overview Part 1

The Medtech Industry in Ireland – Regional Overview Part 1Medical device companies are dispersed across Ireland. The presence of these companies throughout the country means that there is a steady supply of talent in every region, allowing medical device companies to easily set up a facility anywhere they choose. In part 1 of our regional overview of the medical technology industry in Ireland we take a look at the West of Ireland – encompassing the Midwest, West, and North West regions. West  Galway is the most important medtech cluster in the country. It accounts for approximately 31% of all medical device employment. Galway has significant expertise in vascular technologies, which are dominated by Boston Scientific and Medtronic. Boston Scientific is the largest medical device employer in Ireland with a staff of more than 4,500 across 3 sites located in Clonmel, Cork, and Galway. Boston Scientific employs around 3,000 people in Galway. Medtronic has roughly 2,000 staff working at its Galway facility, including over 100 employees working in R&D. Other notable companies in Galway include Merit Medical, Creganna, Crospon, and Zimmer, Aerogen, Creganna (800 staff) Mayo has several large multinational medtech companies with manufacturing operations, including Baxter and Hollister. They produce renal dialysis equipment, and ostomy/continence care products respectively. Hollister has invested €80 million in its Ballina plant, which currently employs over 600 people. North West    The North West is home to several large medtech companies. Abbott has a number of facilities in the region including Abbott Diabetes in Donegal, Abbott Diagnostics and Abbott Nutrition in Sligo, and Abbott Medical Optics in Mayo. with Irish owned Arrotek and Inblex Plastics based in Sligo. Multinationals B. Braun, Hospira, Amcor Flexibles, and AbbVie are all located in Sligo as well. Donegal also contributes to the North West medtech cluster with Abbott Diabetes, Phillips-Medisize and Moll Industries all located in the county. Vention in Boyle is another significant medtech manufacturing site in the North West. Harmac Medical in Castlerea employs 290 people. Midwest Limerick is also an important location for medical device companies. Cook Medical has an 800 person manufacturing facility in Limerick that makes products for use in gastroenterology, urology, obstetrics, and gynaecology. Stryker Orthopaedics, Teleflex Medical, and Johnson & Johnson Vision Care are also important employers in the county. Ethicon Biosurgery, part of J&J, has recently invested €80 million in its Limerick plant, which will see it create 270 jobs. Vistakon, part of the J&J group that employees almost 2,000 people in Ireland, made a landmark €100 million investment at the start of 2013 that will see the creation of 100 additional jobs at its Limerick site where it manufactures the Acuvue range of disposable contact lenses. In June 2015 Vistakon announced another €100 million investment to further its manufacturing capabilities. Medical Technology companies have been a reliable source of investment in the last number of years. This has been particularly important  for job creation in the West of Ireland, creating demand for a range of highly skilled engineering and science graduates. Part 2 of our regional overview of the Medical Device industry in Ireland will look at activity in the South, South East, and Midlands regions. Download our entire Medical Technology Industry Report for 2016 here. Niall Murray Managing Director Collins McNicholas Recruitment & HR Services...

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Medical Technology Companies are Making Big Investments in Ireland

Download the full ‘Medical Technology Industry in Ireland 2016‘ report Ireland’s medical technology sector employs over 27,000 people. It is an important contributor to the Irish economy providing €9.4bn worth of exports annually, creating a large number of well-paid, high-skilled job opportunities. To put Ireland’s success in this sector into context, the European medical technology market is worth roughly €100 billion, and accounts for 31% of the world market. As the 5th largest exporter of medtech products in Europe, Ireland is undoubtedly a major contributor to the global medtech industry. Ireland has developed an excellent reputation as a producer of complex medical technologies. This reputation attracts some of the largest players in the medical technology industry. Ireland currently hosts 18 of the 25 largest medtech companies in the world. Companies such as Abbott, Medtronic, Johnson & Johnson, Baxter, Boston Scientific and Stryker all have major operations in Ireland. But it’s not all FDI led, indigenous companies are also major contributors to the Irish medical device sector. There are over 350 medtech companies in Ireland and 60% of these are indigenous SMEs – Creganna, Trulife, Vistamed, and Steripack are just a few of the indigenous Irish medtech companies exporting their products globally. With all that success comes major investment. In the last 2 years, medical technology companies invested €652 million in Ireland, and Ireland also secured one third of all medtech investment into Europe in 2015. Ireland now develops some of the most sophisticated products in the industry, with particular strengths in high value manufacturing and R&D. R&D is growing in importance in the Irish medtech sector, with half of all...

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Collins McNicholas Job Market Review Q1 2015

Collins McNicholas Job Market Review Q1 2015 The economy has continued to improve in the first quarter of 2015, with noticeable benefits in the job market. Unemployment in March stood at 10%, down 0.1% from February and down 1.9% compared to March 2014. More positively, we are seeing a greater contribution to the economy coming from domestic sources of growth. The work of IDA Ireland and Enterprise Ireland led to the creation of 15,500 net jobs last year and their work remains critical to the economic recovery. Collins McNicholas have seen jobs registered with our agency increase by 29% in the first three months of 2015 compared with Q4 2014. Similarly the number of candidates registering with our website has increased by 28%. This reflects a broader optimism in the jobs market and suggests that candidates are now starting to look at their career options again, after an uncertain few years. Unsurprisingly, the ICT sector continues to thrive with strong demand for programmers with .Net and Java expertise as well as professionals with data analytics skills. Increased output of IT graduates, complemented by several retraining and upskilling programmes, has gone some way to alleviate the strain on labour demand in this sector. However, with demand likely to expand over the coming years more work needs to be done to ensure the labour market can supply enough skilled professionals to sustain the growth of the sector. This is particularly important when it comes to attracting multinational investment. Collins McNicholas would expect that the increased numbers studying ICT would start to have a positive impact on the labour supply by 2016....

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Enterprise Ireland CEO Discusses Entrepreneurship in Ireland

Julie Sinnamon the CEO of Enterprise Ireland addressed the SCCUL Mentors Group which I chair and I thought some of the following comments she made at this seminar might be of general interest. Julie is extremely optimistic about the prospects for the food sector and anticipates a 50% growth in that sector over the next 5 years. She sees much of the growth in this sector being located in the regions. This ties in with a broader objective to ensure a balanced distribution of EI support across all parts of the country. She is very optimistic about the future of EI companies generally and this optimism is positively influenced by the recent PMI data (Purchasing Manager’s Index) which is at its most positive in the past 6 years. One thing Julie would like to see is more female entrepreneurs and she made the point that of the 250 senior management personnel in 100 companies that EI have recently supported only 8 of the executives were women. Julie puts this down to a lack of female role models, an unjustified lack of confidence and the fact that the average age of the entrepreneurs EI supported is 32 which is an important age in a woman’s biological cycle. Julie also said that 50% of inward entrepreneurs are now people with no Irish connections at all but who want to locate here because of Ireland’s strong entrepreneurial culture. Julie described the challenge of scale facing Irish companies which is seen in the fact that Ireland has a small number of very big companies and a very large number of small companies. She...

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Long Term Partnership Relationships in Recruitment

Collins McNicholas has been in the recruitment business for 23 years and the main reason for our success over that period is that we have managed to establish long term relationships with most of our clients from the time we first started working with them. Collins McNicholas preference is to work with clients as a Recruitment Partner. Ideally this is on an exclusive basis which provides a solid platform to strike the optimum balance between quality of service and speed of delivery. The best time to establish such an exclusive relationship is at the start-up phase where the relationship is formed before the recruitment process has commenced. Alternatively we work in relationships where we are one of two or possibly one of three suppliers where the client treats the chosen suppliers as recruitment partners with the quality of relationship that this implies. This kind of arrangement can work well especially where the other two suppliers have been carefully selected by the client. This enables the three recruitment partners to continue to put a strong emphasis on quality and to ensure that their work is informed by recognised standards of professional practice. We have more or less walked away from relationships where there are multiple suppliers which have often been often poorly selected, where the focus is on speed only and where quality and professional standards take a back seat. Over the years we have succeeded in convincing most of our clients that ‘less is more’ and that they can expect a better service from us where we are an exclusive supplier or where we are one of only two...

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Entries are now invited for the 2013 SCCUL Awards

The 2013 SCCUL Enterprise Awards were recently launched by Galway City Manager Brendan McGrath. The awards are an initiative of community based SCCUL Enterprises Ltd aided by Ballybane Enterprise Centre, St. Columba’s Credit Union, Galway City Council and The Galway Independent. Entries are now being accepted for the prize fund of over €50,000 which will be divided among the winners. The overall winner of the cash prize of €10,000 and a promotional package worth €2500 will be picked from amongst the winners of the following eight categories:   ·         Business Services ·         Consumer Goods & Services ·         ICT ·         Social Enterprise ·         Agriculture & Food ·         Cleantech ·         Entertainment, Media & Leisure ·         Med Tech, Pharma & Biotechnology. The winners will be announced at the SCCUL Enterprise Awards Ceremony and Business Expo in the Bailey Allen Hall, NUI Galway on Monday, January 27th 2014. Padraig O’Callaghan, Chairman of SCCUL Enterprises Ltd said: ‘This awards scheme aims to encourage the development of an enterprising business culture in Galway City and County which in the longer term will help us sustain growth and make a significant contribution to creating a vibrant region and to achieving greater social inclusion’. Our own Colman Collins (Managing Director) and Michelle Murphy (Regional Manager – Galway) are delighted to be involved again this year in their capacity as members of the judging panel. How To Enter: The competition is open to all businesses in Galway City and County with a sales turnover up to and not exceeding €1.5 million in their last year of trading. Entries are welcome from new business or innovative projects and from...

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