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/IndiaFor further enquiries, please contact:
yoni.benzaken@israeltrade.gov.ilThe 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