Israel Exported $440m in Medical Equipment in Q1

Medical equipment exports increase by 7% from same quarter last year; 37% of exports went to U.S.

Ora Coren
Ora Coren
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Israel exported $440 million worth of medical equipment and computer-based medical products in the first quarter of 2013 – an increase of 7% from the same quarter last year.

Israel exported $164 million worth of medical equipment to the United States in the first quarter of 2013, accounting for 37% of the country's total exports in the field worldwide. U.S.-bound medical exports in the first quarter were 2% higher than the same period last year.

Medical equipment exports to the European Union totaled $132 million in the first quarter, 7.5% higher than in the first quarter of 2012, accounting for 30% of the exports. Exports to Asia accounted for $100 million in the first quarter, a jump of 15% since the first quarter last year.

Throughout 2012, Israel exported $1.72 billion worth of medical equipment, according to Angela Rabinovich, director of the life science division at the Israel Export Institute.

There are 1,200 Israeli companies engaged in life sciences in Israel, the export institute said. Of them, 62% produce medical instruments; 24% are in the biopharmaceutical sector; 7% in medical computerization and 7% in specialized services to companies in the sector.

Most Israeli exports in the field involve computerization of medical records, diagnostic and monitoring equipment, ambulatory and home health-care equipment, research and laboratory equipment, emergency or rehabilitation equipment and computer systems for hospitals.

A high-tech Israeli hospital room.Credit: Nir Kafri