Strong treatment: The ageing and expanding population supports demand and propels revenue

The Republic of Ireland is one of the world's leading manufacturers of medical products. The Medical and Dental Manufacturing industry expanded during the past five years, fuelled by growth in exports. The ageing population across the world coupled with higher levels of obesity increased demand for health-care services and contributed to the rise in exports. Operators focused heavily on manufacturing sophisticated medical and dental products, which also propelled export growth. Meanwhile, domestic demand conditions expanded, aided by population growth and increases in public and private health-care spending, supporting demand. However, import competition strengthened and curtailed growth somewhat...read more.

Industry Statistics & Market Size
Revenue
€15.6bn
Annual Growth 14-19
5.5%
Forecast Growth 19-24
Profit
Employment
29,381
Businesses
328
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong demand has been supported by an ageing population and growing levels of obesity
  • The strong euro against key trading currencies limited exports in the latter half of the period
  • The continued ageing of the Irish population is expected to propel demand for industry products
  • Industry Report - Industry Investment Chapter

    The level of capital intensity is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs indicate substantial investment in depreciable assets, suggesting high capital intensity, whereas comparatively high wage costs indicate high labour intensity.The industry has a high level of capital intensity, with an estimated capital-to-labour ratio of 1:1.97 in 2019. This indicates that for every €1.00 spent on capital, industry operators spend €1.97 on labour. Many of the products manufactured by the industry are highly technological, and operators therefore require highly paid, skilled employees for research and development, production and sales. How...purchase to read more.

    Additional Insights for the Medical & Dental Instrument Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical & Dental Instrument Manufacturing Industry are

  • Establishment of brand names
  • Access to highly skilled workforce
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Public healthcare expenditure and MSCI World Index in the Medical & Dental Instrument Manufacturing industry impact industry performance..

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    What's in this report

    What is the Medical & Dental Instrument Manufacturing in Ireland Industry?

    Operators 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 firms that manufacture medical and dental furniture where the additional specific functions determine the purpose of the product, such as dentists’ chairs with built-in hydraulic functions.

    Industry Products
  • Needles, catheters, cannulas, stents and syringes
  • Artificial joints
  • Apparatus for nerve stimulation
  • Appliances for ostomy use
  • Industry Activities
  • Manufacturing ophthalmic goods, glasses, sunglasses, prescription lenses and safety goggles
  • Manufacturing bone plates and screws, syringes, needles, catheters and cannulas
  • Manufacturing dental preparations, artificial teeth and bridges, dental instruments and dental lab furnaces
  • Manufacturing medical, surgical, dental and veterinary furniture
  • Manufacturing laboratory sterilisers, laboratory-type distilling apparatus and laboratory centrifuges
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Public healthcare expenditure
  • MSCI World Index
  • Exchange rate - euros per US dollar
  • Population
  • Population aged 65 years and over
  • Private healthcare expenditure

  • Current Performance
    Domestic conditionsTrade influencesMargins widen
  • Chart: Revenue Growth

  • Industry Outlook
    Domestic demandExports aid growthPotential problemsMargins improve
  • Table: Medical & Dental Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical & Dental Instrument Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals in Ireland
  • General Medical Practices in Ireland
  • Dental Practices in Ireland

  • Key Selling Industries
  • Plastic Packing Goods Manufacturing in Ireland
  • Primary Form Plastics Manufacturing in Ireland

  • Products & Services
  • Needles, catheters, cannulas, stents and syringes
  • Artificial joints
  • Other
  • Apparatus for nerve stimulation
  • Appliances for ostomy use
  • Chart: Medical & Dental Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Wholesalers
  • Direct sales
  • Chart: Major Market Segmentation for the Medical & Dental Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent
  • Utilities
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical & Dental Instrument Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical & Dental Instrument Manufacturing Industry

  • Industry Globalization
    Boston Scientific Corporation, Medtronic plc, Cook Ireland Ltd,
  • Table: Boston Scientific Corporation - financial performance
  • Table: Medtronic plc - financial performance
  • Table: Cook Ireland Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical & Dental Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical & Dental Instrument Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cannula
  • A short flexible tube that is introduced into the blood vessel.
  • Catheter
  • A tube that is substantially longer than a cannula and is inserted into visceral cavities like the urinary tract.
  • Stent
  • A metal or plastic tube inserted into the lumen of an anatomic vessel or duct to keep the passageway open.
  • What Our Customers Say

    Why buy this report?

    The Medical & Dental Instrument Manufacturing in Ireland market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Medical & Dental Instrument Manufacturing in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical & Dental Instrument Manufacturing in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical & Dental Instrument Manufacturing in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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