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Israel-India Business Guide - MedTech, Pharma & Biotech

8

MedTech

New Project

T

he Trade and Economic Mission in New Delhi have

one target: Promoting Indo-Israel trade relations,

while focusing on five different sectors, where

we see great potential and need from both sides. Those

sectors were chosen according to two factors: Great need

from the local market, while having substantial competitive

capabilities of the Israeli Industry. One of those sectors is

the Medical Devices and Healthcare IT.

The raw figures are pretty straight to the point:

• 70% of India’s medical devices are imported from other

countries.

• Growth rate in the healthcare sector is around 20%,

in which most of the growth comes from private

organizations.

• A significant growth in the demand for high quality

services.

• India has a growing medical tourism industry, ranked

15th in the world according to the medical tourism

index which was recently published.

On the other hand:

• The Israeli medical devices industry has more than 1,000

companies in the cluster.

• The industry is in the cutting edge of innovation,

targeting western markets mainly.

• Exports from Israel to India are low - few dozens of

millions of dollars.

The department recognizes a clear dissonance between

the reality and the potential. We also believe that this gaps

can be filled by understanding the local industry’s business

behavior, and convey the processes information to Israeli

Industry.

The department’s mission is mapping the stakeholder from

both sides.

In India, The Trade and Economic Mission in New Delhi

are targeting hospitals chains, clinics and labs, as well

as leading importers and distributors which will partner

up with Israeli companies, and will ease the market

penetration efforts.

In Israel, The Trade and Economic Mission in New Delhi

are trying to create channels for knowledge and relevant

business information – tenders, opportunities and

regulatory aspects.

In 2015, we are expecting few highlights in our activity. The

MEDinIsrael conference and exhibition will take place in

March 2015 and would attract hundreds of the world top

stakeholders.

In the dental domain, we are taking part in IDS Germany,

where more than 60 Israeli companies are willing to meet

Indian companies. We can expect business delegations

traveling to Israel and India – a great platform for companies

to interact.

For more information, please enter:

www.itrade.gov.il/India

For further enquiries, please contact:

yoni.benzaken@israeltrade.gov.il

The Trade and Economic Mission in NewDelhi:

Mapping the Stakeholder in

India's Life Science Industry

Figures shows great potential for cooperation between Israel and

India in the field of Life Science. The Trade and Economic Mission

in New Delhi took upon itself to promote the activities

Yoni Ben-Zaken

Head of Trade & Economic Mission, Embassy of Israel, New Delhi