The sixth annual MEDinISRAEL conference on digital healthcare and medical devices will be held virtually Monday and Tuesday.

Follow Israel Hayom on Facebook and Twitter

The conference, an initiative of the Israel Export Institute and the Economy and Industry Ministry with the support of the Health Ministry, the Innovation Authority, and the Foreign Ministry, is set to focus on innovations in the digital healthcare field.

Thirty companies will compete for the title of the most innovative firm in a competition hosted by the Sanara Ventures fund during the event.

Among those set to take part in the conference are representatives from Sheba Medical Center at Tel Hashomer, Tel Aviv Sourasky Medical Center, the Merage Foundation Israel, and Teva Pharmaceutical Industries.

There are around 1,800 companies in Israel's life science industry, around 40% of which are in the medical device field. Around a quarter of the firms are in the digital healthcare field, another 25% are in the biotechnological field, and the remaining 10% are pharmaceutical companies.

Israeli companies in the field raised some $2.5 billion in 230 deals in 2020, a 50% increase over 2019. At 55%, a majority of the funds raised were for companies in the field of medical equipment, according to data from the IVC Research Center.

In 2020, Israeli exports in the field of medicine totaled $7.7 billion, according to findings published by the Israel Export Institute.

Israel Export Institute Chairman Adiv Baruch said, "Over two inspiring days, we will examine up close notable achievements and potential breakthroughs, and we will research the most innovative health technologies coming out of Israel.

"We will continue to build the most professional infrastructure, which promotes global economic activity and leverages Israeli industry in international markets," he said.

Subscribe to Israel Hayom's daily newsletter and never miss our top stories!

The post 30 firms to compete for title of most innovative in digital healthcare field appeared first on www.israelhayom.com.

Follow Israel Hayom on Facebook and Twitter

It is the first of five cargo flights set to land in Israel over the next few days.

The first shipment contained around 12 million protective masks and medical gear purchased by Israel from Sion Medical – an Israeli manufacturer, distributor and supplier of surgical dressings, medical textiles, ointments, disposable products, and sterile solutions for hospitals. 

The manufacturer has factories in China. The medical equipment is in addition to the 10 million masks purchased last week.

This article was originally published by i24NEWS

The post Game changer? Massive amount of medical equipment on its way to Israel appeared first on www.israelhayom.com.