Strengths
Scotland is home to over 140 medical technology (medtech) companies, ranging from major mulitnationals (such as Alere and LifeScan Scotland) to smaller innovative home-grown companies (such as ModeDx), and every size in between.
Strength of Scotland's medical technologies
More than 6,000 people work within Scotland’s medtech industry with particular strengths across:
- Non-imaging diagnostics
- Cardiovascular therapies
- Surgical instruments
- Opthalmic surgery
- Orthopaedics and spine
- Imaging
9 reasons to invest in Scotland
Scotland’s proven medical history stretching back over 500 years, coupled with a forward-thinking modern industry, makes it the ideal place for medical technology design, manufacture and commercialisation.
- Diverse and supportive supplier community − Scotland has in excess of 150 support and supply companies with a wide range of capabilities relevant to the medical technology sector. Capabilities range from clean rooms, engineering and lab services to medical supplies, packaging and waste treatment.
- Easy access to clinical skills and excellence − including the NHS, Scotland’s single healthcare provider and the world’s biggest healthcare delivery organisation
- Groundbreaking, world-renowned research − with particular strengths in imaging, ophthalmics, orthopaedics, cardiovascular instrumentation and implants
- Highly skilled, adaptable and growing workforce − 17,000 new higher education graduates with qualifications suited to medical technology are joining our talent pool each year from our world-class universities
- World-class, tailored facilities – Scotland has a unique property portfolio ranging from dedicated life science parks such as the Edinburgh BioQuarter to more general technology centres
- Depth of experience in convergent technologies – from micro and nanotechnology, physics and photonics to materials and technical textiles, electronics and specialised software solutions, Scotland's sheer diversity in medtech offers opportunities for cooperation and collaboration
- Government funding and support for the commercialisation of research – with around £350 million funding per year, Scottish universities offer not only a rich stream of innovative ideas but also state-of-the-art facilities for research
- Dynamic, industry-led support network − Scotland has a host of associations and organisations all keen to develop the medical technology sector here and help your business
- Culture of success – Scotland's medtech companies (such as Touch Bionics and Aircraft Medical) are becoming leaders in their fields helping boost Scotland's international reputation
Individually, each of these strengths is significant. Together, they constitute a truly compelling proposition.
Investment potential and opportunities
How we can help support your company growth in the medtech sector