As a whole the Medical Device Technology Industry is estimated to be worth somewhere between 173-193 billion euro and Ireland are the second biggest exporter of medical technology in Europe with giants like Boston Scientific and Medtronic employing 5200 and 4500 respectively in Ireland alone. The main area of expertise lies in Cardiovascular (Abbott, Medtronic and Boston) but there are plenty of Orthopaedic (J&J and DePuy) and Diagnostic (Beckman Coulter) MedTech companies too.
The West of Ireland specifically has roughly 40% of the employment in the MedTech sector and 31% of that is stationed in Galway city and county. Eight of world’s top ten med tech companies are established here.
The only downside…the companies in the West need more Engineers as their growth is surpassing the local development of graduates. So why not be part of the wave of new job opportunities washing over the West?
Galway – the beating heart of the Medical Device Sector
It’s a well-known fact that Dublin has overtaken London as the most expensive city to live in Europe. It’s also far to say that there is plenty on offer across the south in the biomedical engineering sector, but it is spread very far apart with one location not necessarily leading the way. It’s also no secret that multinational MedTech companies have identified Ireland as one of the best companies to develop their excellence, manufacturing and R&D operations.
Don’t worry though as the Wild Atlantic West has plenty to offer and particularly in the MedTech hub, Galway. With the IDA developing Parkmore, Mervue and the other business parks and with most of the working professionals either directly or indirectly employed by a MedTech business, the future seems as bright for the West Coast of the emerald isle.
Galway also has a thriving cultural scene, even winning the European Capital of Culture for 2020 where they aim to flood the city with cultural activities and tap into the deep history and sense of community. Galway has been named UNESCO city of film and awarded the European green leaf award as the most environmentally sustainable small city.
Start-ups or Multinationals? The choice is yours!
Whether you’re looking to get into an established company and to learn from the best in product excellence and R&D like Boston, Medtronic or Merit or have your heart set on getting into that niche start-up and making a life changing new product, thereby claiming your place in the Global Medtech Innovation. There is so much opportunity.
A client of ours made waves after starting off in the engineering start-up program with NUIG by making ground breaking neurovascular devices and were recently acquired by J&J to help the Galway based site grow further with a global network of sister sites in America and Europe to help with manufacturing, compliance and product development.
Similarly, another start-up called Novate was sold in a deal worth up to $150m due to their success in developing a blood filter. Also, with the likes of Capsos, Neosurgical and Veryan there is a large possibility, the amazing ability of the Irish and particularly Galway to innovate will continue strong, further adding to the vast opportunities for Engineers here in the West.
Start-ups aren’t the only ones pushing the boundaries in Research and Development as Boston had 21 successful patent applications last year for their Galway site. They are also the largest medical device employer in Ireland and the Watchman implant has the MedTech sector very excited.
Medtronic too have added the likes of Covidien life support products to their growing catalogue and founded their global site of excellence and development here in Galway for a reason, the continued success of the Galway talent pool to innovate and improve patients’ lives.
Similarly, academic studies into MedTech are securing massive investment such as the Cúram research centre at NUI Galway (NUIG) which secured 22 million in funding from the EU.
Finally, a key aspect which many of the MedTech companies here are involved in is Additive Manufacturing and the research of 3D Printed medical device solutions. Specialists in Polymers, Compliance/Regulatory Affairs and Manufacturing will have their choice of the lot when it comes to the jobs of the future. Innovation has been and will continue to be a massive part of the West’s success story in Medical Devices.
Why the West?
From Sea Sessions (outdoor music festival on the Atlantic coast which is not to be missed) in Donegal, Other Voices (an unmissable acoustic experience in Mayo) and the Galway International Arts Festival. The music scene has something to be seen and heard all year long. Galway has become renowned for attracting the music stars of the future, with no small mention to Ed Sheeran who busked and based a world-famous song on the city. If trad music is what your searching for, Sligo Live or one of the many traditional pubs will be sure to give you a great night out.
Regarding food, the Galway farmers market has a baffling variety of Indian, German, traditional Irish and even more types of cuisine. Similarly, the likes of Kai (Awarded Michelin Bib), Cava, Dela, Ard Bia and the Galway Bay Brewery (Several best in Ireland beer awards) all have fantastic locally sourced food but as a whole Galway has been highlighted as the Gastronomic must visit city of Ireland.
Sport-wise and activity wise, there are plenty of local sport clubs across the city and suburbs to join with the Medical Device companies offering sports and social clubs too. Also, Connacht have enjoyed plenty of success domestically and in internationally. The Sportsground is very centrally located and is always worth a visit. Croagh Patrick and Westport offers a decent challenge to mountain and hill climbers with spectacular views.
As annual exports of medical devices valued at over 7 billion euros it would only make sense that investment has been made to further develop the infrastructure in the West of Ireland. With two airports, both seeing increased global services including regular flights to the UK and Germany from Knock and massive long-haul flights departing from Shannon as of late, the west is well serviced. Also, it is very well connected by road and rail to the other beautiful parts of Ireland.
It’s hard to argue with how amazing the West of Ireland and how much further potential it has is. With a bright future in the medical device sector, come visit us or contact us directly for all of the details on the top jobs in MedTech here in the West of Ireland.
Posted by James Porter on 12 December 2018
SURVEY: Just one third of Workers to Return to the Office Full-time Post-Covid
SURVEY: Just one third of Workers to Return to the Office Full-time Post-Covid
According to the Sigmar/AON Pulse Report on the future of work post-Covid, just 34% of workers will be returning to the office on a full-time basis once Covid restrictions are permanently lifted. 22% of employees are expected to work full-time remotely with the remaining 44% to work hybrid between home and the office. Of this hybrid cohort, 92% will spend three days or less in the office. The Sigmar/AON survey polled 253 companies in Ireland to get insight into the future of work practices post-Covid. Commenting on the findings Talent Summit founder and Sigmar chief commercial officer Robert Mac Giolla Phádraig says: “Recent speculation about the future of work has seen a division in thought between commentators and experts regarding the role the office will play in working practices post-Covid. With this poll, we have real insight into how employers are planning for the world of work once restrictions are lifted. The reality is that two thirds of Ireland’s workforce will see permanent changes in their work practices. That is a massive shift that affects the majority of us.” Remote Working to Spark a Global War for Talent The Sigmar/ AON survey finds that 22% of employees will work full-time remotely. Says Mac Giolla Phádraig: “Remote work is the emerging front of a world war for talent, being fought virtually and our remote workers the spoils of this war. “Ireland is globally recognised as an epicentre of highly skilled and educated workers, making this cohort of employees an attractive proposition for employers from around the world. “There is now global competition for local talent, requiring an arsenal of new methods and systems to compete, as it’s more about hearts and minds than before. “International competition of this cohort of workers will be fierce, effectively opening up a whole world in which 22% of our workforce can work.” The Future is Hybrid 44% of Ireland’s workforce will work hybrid between office and home. 92% will work three or less days in the office. The reality is that many of us will work hybrid between the office and home. Last year we were challenged by the forced dislocation of the workforce from the workplace. This year, however, we will choose how, by whom and where work gets done, which requires deep consideration as we re-architect work over the coming months. This is a critical moment in time for the next generation of work. Says Mac Giolla Phádraig: “ “According to this survey the future is hybrid.”
Talent Summit 2021
Talent Summit 2021
Talent Summit, Europe's largest HR and Leadership conference will take place on Wednesday 3rd March and will be broadcast LIVE from the Convention Centre Dublin to the World. Robert Mac Giolla Phadraig, Founder of Talent Summit and Laura Phelan, Director at Aon Human Capital Solutions sat down to preview this year's conference talking points. They discuss organisations' shift to human experience, agile work, the future of work and much more. Speakers at Talent Summit 2021 include: Dave Ulrich, Global HR Guru, Rensis Likert Professor, University of Michigan and Ted Talk Speaker Patty McCord, Workplace Innovator and former Chief Talent Officer for Netflix Robert Cabana, Director, Kennedy Space Centre and Former Astronaut, NASA Plus over 20 national and international experts from organisations such as Harvard University, AON, Dropbox, Zoom, Patagonia, HubSpot, N26 and many more. Find out more at www.talentsummit.ie Founded by Sigmar Recruitment, Talent Summit has grown to become one of the largest HR & Leadership conferences in Europe, showcasing the latest thinking on talent topics from around the world. Its mission is to share thought leadership on talent to build better workplaces and working lives in an increasingly complex world of work.
IT Jobs Market 2021
IT Jobs Market 2021
2020 was an interesting year for Ireland’s IT jobs market with the initial impact of Covid causing some companies to reassess their recruitment practices - either pausing or freezing completely. However, most sectors have bounced back since March and we even saw some companies take advantage of a less competitive market and increased their hiring plans. In 2021, we expect to see a release of this “pent-up demand” for candidates as businesses begin to move back towards BAU models. Digital Transformation Digital transformation projects that typically would have taken years to plan happened practically overnight or over a few weeks as COVID-19 restrictions forced companies to speed up their digital adaptions in what became an “adapt or die” environment. 2021 will see a further increase in demand for individuals with digital transformation experience as companies accelerate further the digitisation of their customer and supply chain interactions and of their internal operations. Companies who failed to innovate or tweak their processes to suit the demand of the market felt a larger impact than companies who remained agile and changed quickly depending on the market demands. Consumers have moved dramatically toward online channels during the pandemic, so companies are having to create digital or digitally enhanced offerings in response. Cybersecurity Unsurprisingly with the adoption of remote work and the planning for transition to the next “normal”, we have seen huge demand for infrastructure and security professionals which we foresee continuing in 2021. As organisations pivoted to work from home models, security engineers rushed to establish secure connections and prevent network threats that targeted remote workers. At the same time, with the surge in online shopping and e-commerce transactions, they had to bolster their organisation’s e-commerce platforms. 2021 will see organisations continue to increase their spend on cybersecurity as companies look to how they will operate in a post-pandemic world. With many organisations such as Google planning for a “Hybrid” work-from-home model, i.e. employees working a few days in the office and a few at home, network security will be a priority. MedTech, Life Sciences and Healthcare Given how health has never been more in focus than it has been in the past year, it is perhaps no surprise that there has been a huge demand for IT professionals in the wider health industry. MedTech and Life Sciences companies are continually developing new and innovative treatments and consequentially developing technologies to enable this. We have seen an increase in demand of more “hybrid roles” such as IT professionals with experience working specifically within class 1 medical devices fields. Biotech and digital transformation within gene cell therapy in particular is set to be a large growth area for 2021. Connected health is set to be a large growth area for 2021 also, as medical practices are forced to digitize and with telehealth being forecast to grow exponentially. Candidate-led Market Despite the initial dip in March 2020, the market very much remains candidate driven. Particularly now as candidates are no longer bound to jobs within commuting distance of the office. Regional talent pools have flourished as candidates who would have worked in major cities, now have the opportunity to work remotely meaning they can move to their preferred location and still do the same job on the same salary as before. Regional companies also benefited as they are now able to tap into larger talent pools due to remote working practices. Perhaps what has been most surprising about 2020, is that salaries have stayed relatively stable, but candidates have been seeking increases in their packages over base. With the increase in remote working opportunities, candidates are no longer distracted by “bells and whistles” (free food, ping pong tables etc.) and instead are more interested in actual projects, technologies being used and career growth and progression. Therefore, our advice to employers is consider how you are marketing your positions. Contractors We saw in our 2020 Q3 survey findings that many businesses looked to Contractors to fill gaps in their teams while coping with the uncertainty in the market due to COVID-19. From recent discussions with our clients this trend is likely to continue in 2021. We particularly foresee an increase in demand of contract roles for Frontend/Fullstack Developers, DevOps Engineers and Data Analysts. As a result of the increase in demand, contract rates have been on the rise. With many large and SME organisations reverting to remote work this has opened the market up to all areas of Ireland. A big trend is seeing Contractors based in the regions now being able to work for the large organisations in the cities and receive the same rates of those based in the cities. Therefore, rates in the regional areas of Ireland have increased due to the remote access of new roles in the industry. All-in-all, we are optimistic about the IT jobs market in 2021 with plentiful opportunities across digital transformation, cybersecurity, MedTech, pharma etc. The roll-out of the vaccine should increase confidence and create further opportunities as the year progresses. Download our IT Salary Guide Ireland 2021 (PDF)
Salary Guide 2021
Salary Guide 2021
Download - Salary Guide Ireland 2021 (PDF) Executive Summary From Adie McGennis, CEO We thought we had seen it all! If someone said in January; that most of us would fundamentally change the way we work (possibly forever), that some markets would be down over 80%, that we’d all feel awkward when not wearing a mask, that we couldn’t meet any clients or candidates for most of the year, that international travel would be nearly impossible, and that in Ireland record levels of employment would turn to record levels of unemployment in a few weeks; you would probably expect a more volatile salary comparison guide at the end of 2020. Indeed, the personal and health toll for many puts business considerations in context, so we wish everyone well, good health and wellbeing. Obviously, some areas suffered more than others and many areas even thrived, but overall, the stability in professional salaries may be the remarkable aspect of 2020! Generally, in volatile times temporary and contract work increases and this was very much the case in 2020. Many companies had to deal with a rapidly changing landscape in terms of their market, remote work, government supports and varying degrees of lockdown. Progressive companies hired professionals on a temporary or contract basis, and even on a remote basis, so demand and rates did increase for contractors in areas such as IT. We see this continuing even as the rate of change is slowing and hopefully stabilising. For some years now, we have been talking about career plans being fluid and dynamic, and flexibility and contracting increasing. This definitely took a leap forward in 2020. Sector wise, life sciences, including pharmaceutical got increasingly busy throughout the year and from R&D to manufacturing to distribution, this looks set to continue growing for the next few years. Financial Services was more challenging, as their market and way of work changed so quickly. Certainly, towards the end of the year it seems to be stabilising. At the end of 2020 Brexit is again looming and Dublin’s and London’s financial services will experience change and opportunity as well as challenges, for at least the next few years. Construction really slowed in 2020, but again steadily picking up in last few months, as general demand returns but also the way construction sites work has evolved. As a group generally SMEs in Ireland handled the craziness really well. Agility, pivoting and bootstrapping seemed like management school concepts until out of necessity, many businesses changed their model, their cost base, their strategy, and their mentality very quickly to go from Survive to Thrive in a few months. So many inspirational stories. They deserve the opportunities that we hope an improving landscape will present. So, our outlook for Ireland in 2021 is positive. There will be more challenges in coming months, but we are optimistic that the general picture will improve. From a national perspective the short-term funding required will necessitate strong budget management in coming years to enable businesses to grow back. Ireland still carries a lot of debt and politically there may be pressure to increase public expenditure beyond sustainable rates. But as long as we get this right, we have every reason to be optimistic and put 2020 down to learning experience. Download Salary Guide Ireland 2021 (PDF) Salary Guide 2021 by department Accountancy & Finance Construction & Property Services Financial Services HR Insurance IT Legal & Compliance Life Sciences Manufacturing & Engineering Marketing Multilingual Office Support Sales Supply Chain