(photo credit: (Courtesy/Rambam Health Care)
This country is a world power in the development of medical devices in the
cardiovascular field, according to Rambam Medical Center director- general Prof.
He made these comments at the ICI-Innovations in
Cardiovascular Interventions conference – that he is co-chairing – which opened
at Tel Aviv’s David Intercontinental Hotel on Sunday.
Beyar – who himself
is a leading interventional cardiologist (performing angioplasty and other
minimally invasive diagnostic and treatment procedures) – said that Israel is
known around the world for its breakthroughs and imaginative applications in
medicine in general and the cardiovascular field in particular.
to statistics, 56 percent of the local life sciences industry is devoted to the
development of medical equipment, 20% to biotechnology and 12% to drug
development. Medical equipment innovation deals primarily with implants and
single- use equipment such as stents and artificial heart valves and devices to
open clogged arteries.
There are 212 Israeli companies involved in
developments in medical technology; 82 of them work solely in cardiovascular
devices. Israel is highly respected as as innovator in medicine.
Israel were compared to Silicon Valley in California, it has about the same
number of residents and also the same number of companies in the life sciences,”
“Israel invents and develops medical devices at the highest
level, but with one small difference – Silicon Valley companies have a budget 20
times larger than that of Israeli companies,” he continued.
combination of academia, industry and hospitals is the secret combination to
development in the field, Beyar continued. The world’s medical equipment
industry comprises $200 billion, when half of that amount is utilized in the US
alone. Some 35% of that amount goes to the cardiovascular field.
medical equipment exports totaled $1.5 billion last year, an increase of 9% over
2009. Between January and September of this year alone, the figure rose by 15%
to $1.2 billion.
Some 1,000 experts from Israel and abroad are attending
the three-day meeting.
They include cardiologists, radiologists,
electro-physiologists and representatives of huge companies.