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Three Reasons Ireland’s Orthopaedic Sector Attracts Foreign Investments

Ireland’s medtech industry is well-established, strong and growing. In 2012, exports to the value of $10.6 billion were posted, up eight percent from 2011, according to the Central Statistics Office Ireland. Per capita, Ireland employs and has the highest industrial output in the medical device sector in the European Union (25,000 employed in a population of 4.5 million people). Of the top 20 global medical device companies, 15 maintain operations in Ireland. Successive Irish governments have laid the foundations for a stable, open and competitive economy, supporting inward investments as well as those for indigenous enterprises. The industrial base in Ireland focuses on a growing orthopaedic sector, and companies such as DePuy Synthes, Stryker, Symmetry, Tornier and Zimmer all have active bases here.

Ireland’s competitive advantage comprises three pillars that attract investment from overseas orthopaedic companies: people, taxes and innovation.

People
An English-speaking nation of 4.5 million inhabitants, Ireland has been part of the European Union since 1973 and currently holds the EU presidency. Ireland’s currency is the Euro, making for easier trade with continental Europe, with stable exchang