80% of the world's cardiovascular stents, 75% of the world's knees, and 40% of the world's contact lenses are made in Ireland.

Ireland is a global hub for medical technology with nine of the world's top 10 medtech companies based here.

The number of medtech companies has grown from 50 in the 1990s to more than 450, including leading contract manufacturers, designers and service providers.

"Medical technologies manufactured in Ireland make a global impact," said Sinead Keogh, Director of the Irish Medtech Association.

"As many as 60% of businesses are homegrown and 80% are either start-ups or SMEs and Ireland is the second largest exporter of medtech products in Europe with €12.6 billion in exports," Ms Keogh said.

Over the past 12 months more than €557m worth of investments by FDI multinationals and funding for startups has been publicly announced with new jobs added to Irish economy.

Ireland is one of the top seven employers of medtech professionals in Europe as well as the greatest employer of medtech professionals, per capita, with more than 40,000 people working in the sector. 

A conference called Medtech Rising is taking place in Galway today and tomorrow. It brings together business leaders from Ireland's medtech sector.

"Ireland is a great place to start and grow a medtech business with over 60% of companies here being home grown," said Deirdre Glenn, Enterprise Ireland’s Manager of Lifesciences.

"Additionally, four out of five Irish-based medtech businesses are either start-ups or SMEs. 2019 has been another successful year with medtech startups and SMEs in Ireland attracting more than €142 million in financing."

She said  events like Medtech Rising are vital to help companies with global ambition understand what it takes to stand out to investors and how to turn a good idea into a life-saving technology that is used in health systems across the world.