MEDICAL DEVICES
Medical devices is a leading segment in the Israeli life sciences industry, and is especially known for its diverse development activity and exports.
Approximately 42% of the life science companies are in the field of medical devices, and the majority of the companies in this category are currently in the early (seed and R&D) stages of their lifecycles.
The success of the medical devices segment is an outcome of Israel's success as a hi-tech superpower and as an incubator for daring ideas, innovation, and advanced development capabilities. In addition, it enjoys the support of external contributors such as government and private organizations that provide monetary support and consulting for various companies in the field. Furthermore, this segment typically has a lower-than-average business risk index.
Israel is considered a leader in the development of medical devices.
Commercialization companies In Israel filed 509 original patent applications in 2015, and were involved in setting up 53 startup companies. The dominant fields of original patent applications were biotechnology (25%), medicine (15%) and physics, electronics and electro-optics (14%).
Israel is not only a leader in medical devices development, but also in manufacturing and exporting these devices, showing consistent growth in revenue each year.
According to Israel Export and International Cooperation Institute (IEICI), pharmaceutical product exports from Israel in 2016 reached $6.9 billion (out of $44 billion of industrial export from Israel), an increase of 1.5% compared to 2015.
Leading Israeli companies in the field include: Syneron Candela, Mazor Robotics, ReWalk Robotics, MediWound Ltd., Itamar Medical Ltd. and others.
