Industry Statistics and Trends
Market size and recent performance (2016-2031)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated €20.0bn in 2026.
Trends and Insights
Precision apparatus export growth supports industry output despite softer global trade
- Export activity for professional, scientific and controlling apparatus, which includes many medical and dental instruments, remained strong through 2024 following solid performance in 2023. Central Statistics Office data shows that export values moved from €9,845 million in 2023 to €10,625 million in 2024, representing a €780 million uplift. This reflects continued overseas purchasing of Irish-manufactured precision medical equipment, supported by Ireland’s established manufacturing base and regulatory alignment with EU and US markets.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2026-2031)
Market size is projected to grow over the next five years.
Trends and Insights
Public healthcare capital programmes extend procurement visibility for device manufacturers
- Planned public healthcare investment is expected to support a longer pipeline of equipment procurement across Ireland and the wider EU. The Department of Health stated that the National Development Plan provision for the health sector totals €9.25 billion for 2026 to 2030. At the same time, the HSE confirmed that services under its National Service Plan are being delivered within an allocated budget of €26.9 billion.
Biggest companies in the Medical & Dental Instrument Manufacturing in Ireland
| Company | Market Share (%)
2026 | Revenue (€m)
2026 |
|---|---|---|
Boston Scientific Corporation | 2,297.0 | |
Medtronic plc | 1,581.2 | |
Stryker Ireland Ltd | 513.5 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Needles, catheters, cannulas, stents and syringes, Artificial joints and body parts and Apparatus for nerve stimulation . Needles, catheters, cannulas, stents and syringes is the largest segment of the Medical & Dental Instrument Manufacturing in Ireland.
Trends and Insights
Needles, catheters, cannulas, stents and syringes are supported by chronic care treatment needs
- Needles and syringes are used for injections, catheters and cannulas are small tubes that move fluids into or out of the body and stents are tiny supports placed inside blood vessels or ducts to stop them from closing.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Products and services covered in the Medical & Dental Instrument Manufacturing industry in Ireland include Needles, Catheters, Cannulas, Stents, Syringes, Artificial joints and body parts, Apparatus for nerve stimulation and Appliances for ostomy use.Companies
Companies covered in the Medical & Dental Instrument Manufacturing industry in Ireland include Boston Scientific Corporation, Medtronic plc and Stryker Ireland Ltd.Purchase this report to view all 5 major companies in this industry.
Related Terms
Related terms covered in the Medical & Dental Instrument Manufacturing industry in Ireland include catheter, stent and cannula .Industry Code
SIC 32.50 - Medical & Dental Instrument Manufacturing in Ireland
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Regulatory change has constrained recent industry growth. Stricter EU medical device approval requirements extended certification timelines from 2023 onward. These delays slo...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2016-2025) and forecast (2026-2031)
- Employees, including historical (2016-2025) and forecast (2026-2031)
- Businesses, including historical (2016-2025) and forecast (2026-2031)
- Profit, including historical (2016-2026)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
US tariffs on medical and dental devices will make Irish exports to the US more expensive. This will reduce their competitiveness in the US and shrink demand from US buyers.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2026
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2026
- Major market segmentation in 2026
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The West hosts two of the largest medical device manufacturers. Medtronic plc and the Boston Scientific Corporation have research and development centres and large-scale manu...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2026
Tables
- Number and share of establishments in each region in 2026
- Number and share of revenue each region accounts for in 2026
- Number and share of wages each region accounts for in 2026
- Number and share of employees in each region in 2026
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry has a high level of competition. Manufacturers' ability to produce medical and dental instruments at competitive prices is crucial. Foreign rivals can manufactur...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2021-2026
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Boston's has invested in technological innovation. The company’s ability to stay at the forefront of technological advancements elevates its reputation. It has announced a €3...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2022 through 2026
- Major companies in the industry, including market share, revenue, profit and profit margin in 2026
- Overview of Boston Scientific Corporation's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of Medtronic plc's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of Stryker Ireland Ltd's performance by revenue, market share and profit margin from 2020 through 2026
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Boston Scientific Corporation, and factors influencing its performance in the industry
- Description and key data for Medtronic plc, and factors influencing its performance in the industry
- Description and key data for Stryker Ireland Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Private healthcare is rising. This is due to demographic pressures in Ireland. The need for manufactured medical and dental instruments grows when private healthcare expendit...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2016-2031)
- Assistance historical data and forecast (2016-2031)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins are supported by high-value-added activities. Medical and dental instrument manufacturers derive revenue from specialist design, precision manufacturing and re...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2016-2031)
- Revenue per Employee (2016-2031)
- Revenue per Enterprise (2016-2031)
- Employees per Establishment (2016-2031)
- Employees per Enterprise (2016-2031)
- Average Wage (2016-2031)
- Wages/Revenue (2016-2031)
- Establishments per Enterprise (2016-2031)
- IVA/Revenue (2016-2031)
- Imports/Demand (2016-2031)
- Exports/Revenue (2016-2031)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2016-2031)
- IVA (2016-2031)
- Establishments (2016-2031)
- Enterprises (2016-2031)
- Employment (2016-2031)
- Exports (2016-2031)
- Imports (2016-2031)
- Wages (2016-2031)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Medical & Dental Instrument Manufacturing industry in Ireland in 2026?
The market size of the Medical & Dental Instrument Manufacturing industry in Ireland is €20.0bn in 2026.
How many businesses are there in the Medical & Dental Instrument Manufacturing industry in Ireland in 2026?
There are 348 businesses in the Medical & Dental Instrument Manufacturing industry in Ireland, which has grown at a CAGR of 1.3 % between 2021 and 2026.
How may import tariffs affect the Medical & Dental Instrument Manufacturing industry in Ireland?
The Medical & Dental Instrument Manufacturing industry in Ireland is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Medical & Dental Instrument Manufacturing industry in Ireland?
The Medical & Dental Instrument Manufacturing industry in Ireland is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Medical & Dental Instrument Manufacturing industry in Ireland grown or declined over the past 5 years?
The market size of the Medical & Dental Instrument Manufacturing industry in Ireland has been growing at a CAGR of 1.0 % between 2021 and 2026.
What is the forecast growth of the Medical & Dental Instrument Manufacturing industry in Ireland over the next 5 years?
Over the next five years, the Medical & Dental Instrument Manufacturing industry in Ireland is expected to grow.
What are the biggest companies in the Medical & Dental Instrument Manufacturing industry in Ireland?
The biggest companies operating in the Medical & Dental Instrument Manufacturing industry in Ireland are Boston Scientific Corporation, Medtronic plc and Stryker Ireland Ltd
What does the Medical & Dental Instrument Manufacturing industry in Ireland include?
Needles and Catheters are part of the Medical & Dental Instrument Manufacturing industry in Ireland.
Which companies have the highest market share in the Medical & Dental Instrument Manufacturing industry in Ireland?
The company holding the most market share in the Medical & Dental Instrument Manufacturing industry in Ireland is Boston Scientific Corporation.
How competitive is the Medical & Dental Instrument Manufacturing industry in Ireland?
The level of competition is high and increasing in the Medical & Dental Instrument Manufacturing industry in Ireland.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Ireland include:
- Central Statistics Office
- Department of Enterprise, Trade and Employment
- Irish Tax & Customs
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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