Israel’s Medical Devices Competitive Edge

Over the last decade, Israel has introduced a wealth of groundbreaking and valuable breakthroughs and innovations.

Prior to 1996, Israel was home to 186 Life Sciences companies. By 2008, the figure surpassed 900, with 50-60 forming each year. Israel’s scientists and engineers have integrated advanced technologies in electronics, communications, and electro-optics to develop world class innovations in digital imaging, medical lasers, electro-medical devices, telemedicine, surgical equipment, diagnostic kits, and rehabilitation equipment. The largest sub sector in the medical device arena is therapeutic devices, both implantable and disposable.

• The Pillcam, the first miniature ingested camera which diagnoses and photographs abnormalities in the gastrointestinal tract was introduced by Given Imaging (NASDAQ:GIVEN)
• More than 900 Life Sciences Companies – Biopharma and Medical Devices.
• Over a 1/3 of LS Start-Ups already generate revenue.
• Source of numerous blockbuster drugs such as Copaxone and Rebif generating over 5$B in annual sales.
• 1st in the world of Medical Device Patents per capita, 4th for Bio-pharma (USPTO).
• 6th in no. of scientific publications per capita (E&Y’s Beyond Borders 2007 analyzed by MOITAL)
• Israel has 140 Engineers and Scientists per 10,000 people in the work force, the highest ratio in the world (IMD yearbook 2007).
• World renowned academic research institutes such as The Technion and The Weizmann Institute.
• Extensive International R&D and Commercial Partnerships.

For more information about Israeli Life Science industry please click here