Israel has made significant theoretical and practical contributions to the biotechnology revolution and has developed an advanced infrastructure of medical and paramedical
research as well as bioengineering capabilities. Clinical
medicine and biomedical research account for over half of all
scientific publications. The country's industrial sector has increased its activities in the medical field to capitalize on its extensive knowledge
Israel is known globally as a science and tech-innovator, and health/life sciences make up approximately 50% of research done in Israel. Medical companies worldwide look to Israel for investment opportunities. Israeli life science and health research companies raised over $1.4 billion on the NASDAQ in 2014, and Israeli companies accounted for 10% of all Independent Public Offerings of biotech life science companies. Global health conglomerates like Johnson & Johnson, Philips, and Carestream all have research and development centers in Israel.
Local scientists have developed methods for producing a human growth hormone and
interferon, a group of proteins effective against viral infections. Genetic engineering, including
cloning, has resulted in a wide spectrum of diagnostic kits based on
monoclonal antibodies, along with other microbiological products.
Sophisticated medical equipment for both diagnostic and treatment
purposes has been developed and marketed worldwide, such as computer
tomography (CT) scanners, magnetic resonance imaging (MRI) systems, ultrasound scanners,
nuclear medical cameras and surgical lasers.
Other recent innovations include a
controlled-release liquid polymer to prevent accumulation of tooth plaque; a
device to reduce both benign and malignant swellings of the prostrate gland; and
the use of botulin to correct eye squint.
Israel has a booming life science and technologies sector, providing the foundation for critical research and development to answer the world's most pressing medical questions. The small country is currently home to more than 1,200 life science technology companies, with an average of 40 new ones being founded in Israel each year. Israeli life science exports topped $8 billion in 2013, and a majority of the companies (60%) are involved in medical device manufacturing or healthcare information technologies. There are more than 500 medical device exporters operating in Israel.
Sources: Israeli Ministry of Foreign Affairs
Mitzner, Dennis. “Israeli health tech is heating up with a wave of interest from abroad,” TechCrunch (October 26, 2015)
Cohen, Ohad. “Israeli Life Science Innovation and Technology Continues to Change Lives for the Better,” Times of Israel, (November 20, 2015)