Top 200 Medical universities in Europe
Israeli ingenuity is responsible for some of the world’s most amazing medical advances.
Whether they’re futuristic, such as Given Imaging’s capsule endoscopy or Itamar Medical’s for sleep disorders and cardiac issues — or cleverly simple, such as First Care Products’ – blue-and-white inventions are changing the face of healthcare in hospitals, doctors’ offices, homes and even battlefields worldwide.
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“It’s almost a cliché to say Israel is an excellent place for medical innovation, ” says Eran Perry, managing director at Israel Health Care Ventures (IHCV), one of the largest venture capital funds in the country.
“But if you look at [global] statistics, it’s evident — from total expenditure on civilian R&D, where we are ranked first; to human infrastructure and entrepreneurship, where we rank in the top five. You can see the results in patents. We are first in the world for medical device patents per capita, and second in Europe for bio-pharma.”
About 1, 000 Israeli companies are in healthcare or life-science products, including 700 in medical devices. Approximately half are already generating revenue.
“There has been an ecosystem created for life sciences, so these 1, 000 companies don’t exist in a vacuum but in an environment where they have access to everything they need — engineering, labs, regulatory consultants, manufacturing consultants, ” Perry tells ISRAEL21c. “Many young companies can be a one-man show until they get to the clinical trial stage, relying on this excellent ecosystem around them. You can see Israeli companies reaching the same stage as American ones with a fraction of the capital investment.”
IHCV reviews 200 to 300 new opportunities per year. Perry estimates that 60 to 70 Israeli healthcare companies are founded annually. Proceeds from mergers and acquisitions involving Israeli healthcare companies totalled around $1 billion in the past year.
That’s why ISRAEL21c had a hard time narrowing the field to this top 12 list of the most significant recent Israeli contributions to the medical field.