NORTHERN IRELAND
Northern Ireland Offers Dynamic Solutions
Supply chain disruption is an ever-present threat for the medical and pharmaceutical industries.
That reality was laid bare during the 2020 pandemic, but other forces frequently damage our profession. From cyber-attacks to natural disasters, there are a plethora of events which can impact global healthcare companies. Research indicates that a company can face a disruption which lasts more than two months every 3.7 years.
Over a decade, life sciences businesses can
lose up to 38% of one year’s revenue through supply chain disruption. With global spending on pharmaceutical products expected to reach $1.6 trillion in total market size by 2025, and GCC healthcare expenditure projected to hit $104.6 billion this year, regional biomedical companies need to have strong supplier relationships in place for long-term stability. In Northern Ireland, our vibrant and robust
life and health sciences sector delivers that reassurance to healthcare companies and providers.
Delivering secure and stable logistics for the GCC’s medical industry Northern Ireland offers a prime location for life and health sciences businesses. Its unique combination of talented people, world-class research, and strong links between industry, academia, and clinicians in the commercialisation of innovative research delivers results. Exporting to over 140 countries, Northern Ireland’s innovative and advanced manufacturing industry has grown three times faster in recent years than in the rest of the United Kingdom.
DUB AI 2023 One of those manufacturers is the Northern
Ireland headquartered healthcare company, Randox. From all-in-one solutions for molecular diagnostics, products for immunoassay, through to disease markers: Randox has a comprehensive suite of products that supports clinicians worldwide in making fast, accurate diagnoses. The most famous of Randox’s products is perhaps its Covid-19 diagnostics. The company was selected by the UAE to deliver PCR tests to all passengers flying from the United Kingdom and Ireland to the UAE during the pandemic. In addition, Randox delivers its biochip array technology to a range of UAE police departments to detect the presence of various abusive drugs in the most common medicines right through to the most modern synthetic pharmaceuticals. Randox is a stellar example of both the
reliability and innovation that companies can enjoy when working with Northern Ireland’s life and health sciences industry. The region’s rich history across science and medicine, which laid the foundation for its 17 world-leading research
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