What is so interesting about the medical device scene in Israel, a tiny country roughly the size of Massachusetts with a population of approximately 8.3 million? Israel is so small that on most world maps the word “Israel” instead of appearing on the country itself, floats somewhere in the Eastern Mediterranean. Why did Covidien, acquire four Israeli medical device companies over the space of 18 months including Given Imaging for $860 million? Why have other giant international medical device companies such as Medtronics, J&J, GE Medical and Stryker snapped up multiple Israeli medical device companies? Why is tiny Israel the home to approximately 700 medical device companies?
This blog will try to provide the answers to these questions, to profile exciting Israeli companies and to discuss medical devices in general.