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Israel-India Business Guide - MedTech, Pharma & Biotech
Source: Ministry of Economy, State of Israel
muscle stimulator to treat incontinence of all types and an
implantable device to treat chronic heart failure. Versamed,
established in 1999, is a leading provider of software-based
‘smart’ medical ventilators, while MediSpec is dedicated to
making the most efficient and minimally-invasive medical
treatments in such areas as orthopedics, cardiology,
oncology and relief from kidney stones. InterCure, a
medical device company has developed and patented a
technology platform for respiratory-based treatment of
cardiovascular and pulmonary diseases.
Quantomix develops innovative products for rapid, high
resolution imaging of wet samples, while Impliant has
developed a new orthopedic technology, which replaces
polyethylene and metal used in hemiathroplasty and spine
implants with patented polyurethane. Medingo Ltd., which
was established by RDC (owned by Elron and RAFAEL)
at the end of 2005, is developing a miniature disposable
insulin dispenser.
Another successful drug delivery company is WaisMed,
which has developed advanced intraosseous infusion (IOI)
devices, designed to offer safe and highly effective solutions
whenever traditional intra-vascular access is not possible.
Microjet-Tech is developing a high precision micro syringe.
TopSpin Medical has developed a unique and novel
technology for local high-resolution MR imaging using a
miniature hand-held probe incorporating all magnetic field
sources and eliminating the need for external magnets
and a bulky and expensive MRI scanner. Another imaging
company is Cadent, which develops and manufactures
digital imaging solutions for the dental industry, while
Odin Medical Technologies develops, manufactures and
commercializes Intraoperative MRI systems designed for
use by the neurosurgeon in standard ORs.
OrthoMediTec specializes in orthopedic trauma solutions,
while GI View is engaged in the development of highly
advanced endoscopic technologies for the gastrointestinal
tract. HDH Medical is developing devices for suture-less
vascular anastomosis and Or-Sense is developing non-
invasive glucose monitoring systems for diabetes sufferers.
TavTech’s skin rejuvenation products are based on jet
aviation principles, while Cardiosol is developing innovative
technology for interpreting the electrical activity of the
heart. Nanomedica is developing innovative scanning
Doppler ultrasound technology.
Non-Invasive Technology
In the area of therapeutics Galil Medical specializes in the
development, manufacture and marketing of minimally
invasive cryo medical devices and systems. Incorporating
advanced hyper-cooling technology, the Galil Medical
systemallows extremely fast, high-resolutionandcontrolled
tissue ablation, including cancerous tissue. Medinol is a
global leader in minimally invasive cardiovascular stent
technology. Dune Medical Devices is developing surgical
devices and techniques for real-time, intra-operative
optimization of surgical oncology procedures. Dune’s
groundbreaking technology for intra-operative tumor
margin assessment will eliminate the need for painful and
costly repeat surgical oncology procedures.
Leading start-ups include NeuroSonix, which is developing
non-invasive technology for protecting the brain
from embolisms during open-heart surgery and other
cardiologic procedures and angiographies. E-Pill Pharma is
developing an oral drug delivery platform enabling large
molecule drugs to be administered orally, while ETView’s
flagship product is an endotracheal tube (ETT) with an
embedded video camera at its tip, which provides for a
clear view and continuous monitoring of the upper airways
and trachea during intubation.
At present themedical devices sector in Israel isdominated,
in terms of numbers, by young start-up and early stage
companies each with fewer than 20 employees. About
50% of the companies in this sector were established in
the past decade.
Some of the world’s leading
universities with renowned R&D
faculties, leading edge medical
centers, the world’s highest per-
capita number of physicians,
and a flourishing high-tech
sector combined with a spirit
of entrepreneurship have all
contributed to Israel's dynamic
growth in medical devices
Israel’s Medical Devices Sector
MedTech