Cepta Duffy. head of life sciences and well being tech at Enterprise Eire (Credit score: Enterprise Eire)
Irish life sciences and well being tech firms set a decade-high file in 2024 elevating €491.3 million (£432m) throughout 89 enterprise capital offers, in line with a report powered by PitchBook knowledge.
The report, ‘Eire’s life sciences & well being tech panorama‘, revealed on 2 December 2025, says that Eire noticed late-stage and venture-growth offers surge to 46% of complete quantity in 2024– greater than double the proportion recorded in 2014.
Cepta Duffy, head of life sciences and well being tech at Enterprise Eire, stated: “At a time when international life sciences and well being tech funding has contracted dramatically, Eire has produced a stellar efficiency and continues to draw large-scale development capital from worldwide traders.
“This report confirms our ecosystem is not only resilient – it’s thriving and prepared for its subsequent section of world management.”
Enterprise Eire, the federal government organisation accountable for the event and development of Irish enterprises, was the world’s most lively life sciences and well being tech investor in 2024, taking part in 60 offers.
Eire’s €500m (£440m) Disruptive Applied sciences Innovation Fund, administered by Enterprise Eire, has been established to fund the subsequent wave of well being innovation from Eire.
So far €454m (£400m) has been awarded, with €298m (£262m) of this distributed to 68 tasks within the well being and wellbeing sector.
Eire’s maturing ecosystem continued into 2025 with a €115 million (£101m) late-stage deal for Dublin-based medical gadget agency FIRE1, one of many largest well being tech rounds in Europe this yr.
The startup’s coronary heart failure administration system Norm, goals to scale back the necessity for hospital visits for folks dwelling with coronary heart failure by way of a sensor which is implanted within the inferior vena cava (IVC) to watch fluid ranges.
The affected person wears a belt for a couple of minutes every day which receives sensor measurements and sends them to the cloud to be analysed. Outcomes are then shared with the medical crew and could be checked on a smartphone app.
Conor Hanley, chief govt and president of FIRE1, stated: “From the start, our crew has been pushed by two core targets: creating a greater technique to handle coronary heart failure by monitoring fluid quantity extra immediately, and empowering sufferers with actionable knowledge to enhance their lives.”
Eire is the second-largest exporter of MedTech merchandise in Europe after Switzerland, with exports valued at €16 billion yearly, representing 14% of the nation’s complete exports.
It hosts greater than 700 life sciences and well being tech corporations, together with over 400 home-grown firms alongside 9 of the world’s high 10 MedTech multinationals.
In the meantime, since September 2025 sufferers at 31 hospitals in Eire have been capable of view their appointments and entry private well being and social care data within the Well being Service Govt (HSE) Well being App.
HSE is working with the remaining public hospitals to allow sufferers to see their appointments within the app.
