The National Public Health Emergency Team is predicting a 70% drop in Covid-19 hospital admissions by mid-March if the country continues on its current path.
It says the number could drop to 250 in less than a month - 813 people are currently receiving treatment in public hospitals.
NPHET says daily cases numbers could also fall to 200 by March 1st.
It comes as a further 33 deaths were reported yesterday evening from Covid-19, along with 744 new cases of the virus.
301 of the cases were in Dublin, with the second highest number in Galway at 77.
Elsewhere in Connacht, 22 new cases were reported in Mayo, and 5 each in Roscommon, Leitrim and Sligo.
The 14-day incidence rate of the virus nationally is now 269 per 100,000 people.
Galway has the 4th highest rate nationally at 342 per 100,000.
Galway has seen 885 new cases of the virus over the past fortnight.