A delegation of top Israeli medical device companies visited India this week to meet with Indian hospitals, distributors and importers and to explore the opportunity of working with them in the field of life sciences.
The delegation included eight Israeli medical device companies focusing on EMR, Cardiovascular and Peripheral Vascular, Diabetics, Gynecology & Women Health, Oncology and Neurosurgery, Intensive Care, Orthopedic, Rehabilitation, Wound Management and Obstetrics. The Israeli delegation have been showcasing their devices and technologies while engaging in meetings with their Indian counterparts in Mumbai and Delhi.
The tour has been described as a ‘great success’ by the Israeli delegation which has had B2B meetings with Kokilaben Dhirubhai Ambani Hospital and Hinduja Hospital in Mumbai and Fortis, Rockland, Medanta, Max and Artimis in Delhi.
Speaking at the event in Delhi, Israel’s Commercial Attaché to India, Mr. Yoni Ben-Zaken said, “We see great potential in India’s healthcare sector. Our goal is to bridge between the growing infrastructure and services requirements in India and the unique technology Israelis can bring here. Many Israeli companies are keen to be part of the rapidly developing Indian healthcare system that is striving to provide the best medical procedures and services to the Indian public. There is no doubt this cooperation is beneficial to both sides .”
Ambassador of Israel to India, Daniel Carmon said:” Providing quality healthcare is a goal of both the Indian and the Israeli governments. I am confident that Israeli medical device technologies can and will have a strong and positive effect in India and strengthen the partnership between the two countries.”
Israel, a world leader in groundbreaking innovations and finding new technological solutions, has also become a major provider of innovative solutions in the field of life sciences. Israeli solutions respond to today's healthcare challenges to lower overall healthcare costs and meet the world's evolving needs. Israel is home to around 1,000 life science companies, with 40 new companies being formed each year. Many Israeli companies such as Teva, Insightec, Medinol, Compugen, Kamada have been at the forefront in the development and marketing of life-changing medical devices, treatments and medications. In this field, Israeli scientists and engineers have integrated advanced technologies in Electronics, Communications and Electro-optics to develop world-class innovations in Digital Imaging, medical lasers, Telemedicine, Early Diagnostic and Smart Surgical equipment.
Israel is also the preferred location for over 50 multinationals that established their own R&D centers such as . Among these are Johnson&Johnson, GE Healthcare, Phillips, Siemens, Medtronic and more.
Israel's health sector is supported by a strong foundation of academic excellence, including some of the world's leading research institutes; renowned R&D facilities, such as the Technion and the Weizmann Institute, as well as cutting-edge medical centers. Seven university-associated and five hospital-linked technology transfer organizations (TTO) provide a valuable bridge to connect researchers and early-stage projects with both investors and partnerships with multinational corporations.
Israel continuously strives to lead the world in the quality of scientific research institutions. Israel remains the number 1 in the world for the number of medical device patents per capita. It is second in Europe in per capita of private biotech companies' products in pipeline and fourth for biopharma patents.
The Israeli medical companies that are part of this delegation include: InSightec, LevEl Diagnostics, Maabarot, MCS, Persys Medical, Trig Medical and Tuttnauer.