March 20th, 2017
The Israeli digital health sector grew significantly in 2016, both in terms of funding and in terms of the number of companies, according to a report issued by Start-Up National Central ahead of the MIXiii BIOMED 2017 conference and exhibition in Israel, which will take place in Tel Aviv, May 23-25.
Investments in Israeli digital health rose to $183 million in 2016, up almost 30% from $144 million in 2015. Personal Health Tools and Health Analytics accounted for over 70% of deal volume in 2015 and 2016. The Health Analytics subsector, relating to companies that collect and analyze data to solve medical problems for businesses and consumers, received the most funding in the past two years: $84 million in 2015 (59% of total investments), and $58 million in 2016 (32%). Another subsector that received considerable funding in 2016 was Clinical Workflow: $55 million (30%). This subsector includes companies that enable hospitals, clinics, labs, and other healthcare stakeholders to work more efficiently. Also the Wearables and Sensors subsector received considerable funding in 2016: $46 million (25%).
The digital health sector worldwide is rapidly transforming passive patients into active healthcare consumers and the sector in Israel is participating in this global trend of patient empowerment, with Personal Health Tools becoming the largest subsector. Israel’s unique capabilities in information, communication, mobile, and cyber technologies, together with more than 25 years of expertise in implementing health IT, electronic medical records, and business analytics, offers Israel the opportunity to become a truly influential player in the global digital health arena.