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Life sciences firms offered £1 9m Launchpad to grow sector – The Irish News
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Northern Ireland’s healthtech expertise to spur growth in the Middle East Gulfbusiness.com 24/02/2021 © Motivate Publishing InvestNI-LifeScience-CH143[2] copy
Covid-19 has completely transformed the healthcare sector – especially when it comes to the adoption of technology. The global digital health market is expected to surpass $504.4bn by 2025, according to Global Market Insights.
Developments in the areas of AI, machine learning, robotics and big data have supported the growth of telehealth, virtual consultations and wearable healthtech, while also accelerating innovation within the pharma sector.
Northern Ireland, as an integral part of the UK, has emerged as a hub for research and innovation in the field of life and health sciences.
Diane Dodds. Photo by Aaron McCracken
Our retail and hospitality sectors will reopen to customers eager to reclaim normality. Our position as a go-to destination for tourists from across the world will be restored. Our business and industry sectors will return to well-established markets and develop new ones.
Every job is important and I will endeavour to protect the economic fortunes of everyone across Northern Ireland. However, as a small economy we must focus on the sectors where we can be genuinely world class; clean energy, digital, advanced manufacturing, and life and health sciences.
Just as local business demonstrated resilience and creativity by adapting to keep their staff and customers’ safe, the global economy is transforming too as we emerge from the pandemic. We must be ready to capitalise on the opportunities emerging from the disruption.
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