Health & Life Sciences
תיוגים Health & Life sciences

Health & Life Sciences

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​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Israeli life sciences industry is highly vibrant and dynamic. This is evident in the number of companies that have been founded in the last decade, capital raised by companies in the industry, changes in the sizes of deals, and the diverse company development stages in which investments are made. In short, Israel is where innovation comes to life. ​
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Israeli Health & Life Sciences industry highlights

The industry engages in diverse and professional research, as is evident from the extent of academic publications in the field. It benefits from commercialization companies that operate in Israel, as can be seen by the number of patent applications that they submit.
   
Between 2005 and 2014, the number of life sciences companies in Israel grew significantly. Most life sciences companies (66%) were founded during that decade. Approximately 36% of the companies founded between 2011 and 2014 develop digital healthcare products.

Academia-industry relations
Much of Israel’s financial success can be attributed to its ability to realize its technological and scientific potential. The activities in the various segments of the life sciences industry represent some 50% of the civilian research conducted at Israel’s seven universities, ten research centers, and five schools of medicine. Israel has one of the world’s highest concentrations of scientists per capita (145 for every 10,000 citizens), and one in three Israeli scientists specialize in some aspect of life sciences.​

The number of publications in the life sciences industry is one of the parameters for academic excellence in the field. According to a study conducted by the Samuel Neaman Institute, 58,210 scientific articles were published in Israel between 2007 and 2011, 45% of which were related to life sciences. Specifically, 23% of the scientific publications were on clinical medicine.


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Life Scinces Segments in Israel

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  • The best devices, brought to life

    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. Exports in this field are expected to continue to increase in the coming years.

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  • Technology that's larger than life

    The digital healthcare and healthcare IT segment in Israel is a rapidly growing part of the Israeli life sciences industry, and the number of companies in this segment has been growing consistently for several years, reaching approximately 300 companies to date.

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  • Changing lives, one pill at a time
    Israel is home to companies and commercialization organizations throughout the entire medical value chain – from development to manufacturing.​
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case study

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  • ​Flex has been operating in Israel for 20 years and employs about 4,000 people in its factories, support centers, development and innovation centers. These locations are spread over seven cities, mostly in the periphery such as Migdal Haemek, Haifa, Petah Tikva, Modi'in, Yavne, Ofakim and Sderot. Flex Israel is the largest industrial employer in Israel.
    Flex ranks among the top 100 companies contributing to Israeli exports. Apart from investing in technology, Flex is also one of the largest investors in Israel in production and operation. Flex Israel recently established a factory in the Modi'in-Maccabim-Reut industrial zone covering 35,000 square meters. It includes the latest production technologies and supports the advanced production in Israel.
    The Israeli market plays an important role in Flex's international strategy. Flex connects Israeli companies to leading players in various markets around the world in the fields in which they operate. Flex has plans to develop other sectors in the Israeli economy, including automotive, medical, communications, and smart retail.
    Flex's global investment fund provides further evidence of the important role that Israel plays in the company's global success. The fund operates in just two places Silicon Valley and Israel. Flex has already invested in seven Israeli companies, providing not only money, but also quicker access to market and connectivity to Flex's global customers. 

  • ​​Perrigo Company plc is an American international manufacturer of private label over-the-counter pharmaceuticals. Perrigo engages in the manufacture and sale of consumer healthcare products, generic prescription drugs, active pharmaceutical ingredients (API), and consumer products through its wholly owned subsidiaries, primarily in the United States, Australia, Israel, Europe, India and Mexico. In March 2005 the firm acquired Agis Industries Ltd., an Israel-based gen​eric pharmaceuticals company for $850 million. 
    ​Agis was founded by Moshe (Mori) Arkin in 1983. Arkin, who now owns 9% of Perrigo and was appointed as Vice Chairman of the company after the aquisition, developed his father's small drug import business into a multinational generic pharmaceutical company, changing the world of pharmaceutical. Today, Perrigo employs over 1,200 workers in Israel in three locations, including an R&D Center as well as manufacturing facilities, which are FDA-inspected, cGMP-compliant and recognized for environmental stewardship. Perrigo is planning to expand its facilities to other locations across Israel in the near future.​​​​


  • ​​Dr. Efrat Shefer, GM, Imaging Clinical Applications & Platforms, Healthcare Informatics at Philips Philips Healthcare began its operation in Israel immediately after the State was founded. Exactly 50 years later, in 1998, Philips was established a representative office in Israel to create cooperation and fuller involvement in Israel's innovative ecosystem. Over the years, Philips has expanded significantly in Israel. Today, it crosses the business ecosystem and includes R&D, advanced manufacturing, marketing, sales and export. The company's export figures have quadrupled over the years to more than one billion shekels. In addition to Philips' R&D in Israel, Philips invests in early stage innovation through Senara Ventures, a joint investment platform for Philips and Teva, which operates a technological incubator in the fields of medical equipment and digital medicine, with the support of the Innovation Authority. Philips-Israel operates in 5 locations in Israel, with two offices in Haifa (Matam), as well as Petah Tikva, Netanya And Ra'anana. The company employs roughly 1,000 employees in R&D and production of advanced medical technologies. Thanks to Philips’ extensive activity in Israel, the company contributes greatly to Israel’s overall medical technological innovation, leveraging the local wealth of talent, knowledge and creativity. Philips plays an active role in Israel’s medical ecosystem and industrial activity. The company's R&D center collaborates with startups and established companies, research centers, subcontractors in Israel and abroad, as well as hospitals such as Tel Aviv Sourasky Medical Center, Assuta, Ein Karem Hospital and Tel Hashomer. Israeli hospitals are also used as beta sites for the innovative systems being developed. In addition, Philips collaborates with companies on a variety of exciting projects in the medical field. One example of this is Philips’ partnership with the Ein Karem Hospital to develop 'IQON', the world's first spectral scanner, a system completely developed and manufactured in Israel. The project is the first spectral detector in the world to ​​​​

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  • Blogs

    BOE delegation visit to Israel, December 2016

    ​​​​​​​The Chinese BOE company delegation arrived in Israel at the initiative of the Economic Attaché in Beijing for a visit of acquaintance with the Israeli ecosystem, in order to examine potential investments and cooperation with Israeli companies and VCs in the Healthcare industry​​​

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  • News

    Why world-class corporations want a share of Israel’s success

    Israel has become a natural environment for companies to develop and design products in parallel with the manufacturing process, and this is made possible by having highly interrelated industries working close by.​​

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  • Blogs

    Japan, Israel and the bright future of Medical Devices

    ​​Medical Devices is one of the leading sectors in the Israeli industry. The local market is characterized by a wide range of activities in the field of research and development, as well as the export of a variety of medical devices.

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  • News

    3 reasons for multinationals to move to Israel

    Israel is promoting investment opportunities in advanced manufacturing. What special competencies does Israel have in this sector that make it attractive as a location for these types of projects?​

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  • Blogs

    Israel's Next Big Thing

    ​​​​​​​​​It is no secret that Israel is fueling innovation across the tech world. With more than 300 multinational corporations currently developing their next technological breakthroughs in Israel, including.....​​​Read more
  • News

    Israel: where innovation lives

    looking to supercharge your business? Here's where to do it

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  • Blogs

    How do we convince foreign investors to build a factory in Israel? We talk business with them!

    ​​​​​​​After Shlomo Tzuker, Gidon Huvernam and Shmuel HaCohen developed a patent for razors for the Dollar Shave Club, it was clear to them that the product must be manufactured in Israel. However, what was unclear was how to convince the American businessmen to agree.
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  • News

    "חברות ישראליות לא הפנימו שאף אחד לא רוצה רק אלגוריתם, אלא פתרון רפואי מלא"

    פול מולן, מנהל מיזם הבריאות הדיגיטלית המשותף של ענקית התרופות רוש, הקים דווקא בישראל את מרכז הפיתוח של המערכת החדשה, שאמורה לעזור לרופאים בחדר מיון ובטיפול נמרץ לאבחן מחלות ולקבל החלטות טיפול

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  • Blogs

    The Top Current Global Investment Trends in Life Sciences

    ​Why the Life Sciences sector is attracting investors to Israel

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  • Blogs

    Milk, Honey and Cannabis

    Israel is becoming the Next Global Cannabis Hub​

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  • Blogs

    Trends in the Global Health and Life Sciences Sector You Should be Aware of

    The Health and Life Sciences sector is ever evolving and changing. To keep you up to date, Invest in Israel shares some of the latest global trends to keep an eye on. ​

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