Medical & Healthcare
The presence of a flagship hospital, exceptional R&D organisations and education providers makes Torbay a hub for medical and healthcare advancement. The potential for this sector to grow and develop in the region is considerable, with the South West becoming one of the UK’s leading clinical research centres for conditions such as diabetes, dementia and neurodegenerative diseases.
A hub for healthcare – reasons to choose Torbay as your business location
With major organisations already here, Torbay represents an excellent opportunity for companies specialising in new product development and research & development in medical technologies. There are three central operators in Torbay that act as focal points for collaboration, investment and new product innovations.
The hospital has a strong reputation for developing new operating techniques and clinical procedures. This makes it of particular interest to pharmaceutical companies, especially those focused on providing devices and support for older patients. As one of the UK’s flagship hospitals, Torbay Hospital can provide a high level of expert knowledge and access to some of the sector’s most respected clinicians.
The Horizon Centre
This is one of five flagship Centres of Innovation in the UK and has strong international links with respected R&D centres such as the Mayo and Kaiser Clinics in the USA. The centre provides hi-tech testing facilities as well as education, innovation and research. The Horizon Centre offers an environment that allows procedures to be tested fully in real time before they are rolled out across the NHS and private healthcare sector. It also offers a full suite of audio visual, interlinked training areas for clinical experts to exchange information, best practice and learn operating techniques using multi million pound equipment.
The Torbay Pharmaceutical Manufacturing Unit
The Torbay PMU is a manufacturer of injectable pharmaceuticals for; analgesia, anesthesia, cardiovascular systems, gastrointestinal systems, nutrition & blood and ophthalmology. Trading for 40 years, the business has a new £26M facility which represents a major investment in manufacturing in Torbay.
Torbay PMU is part of the Torbay and South Devon Healthcare NHS Foundation Trust.
Devon Studio School
Situated in Torquay in close proximity to Torbay Hospital, Devon Studio School is part of new generation of state schools, created to help prepare young people aged between 14-18 for work. Devon Studio School has a particular focus on health, social care and early years, creating a well trained workforce for these growing industries in Torbay.
A positive future
The future for the sector in Torbay is extremely positive. Its position as a central link in the healthcare ‘corridor’, including major institutions such as the Plymouth University Peninsula Schools of Medicine and Dentistry, provides companies with the ability to conduct clinical trials and early stage product development. The nearby University of Exeter Medical School provides world leading training, education, research and leadership across healthcare areas including diabetes, cardiovascular risk & aging, environment & human health, health services research and neuroscience and mental health.
To find out how your business could be part of the future expansion of this sector in Torbay contact Jason Buck, Investment Development Manager now on 01803 208799 or email [email protected]