from the July 2006 issue

The Israeli Life Science Industry1996-2005: A Decade of Growth

The Israeli Life Science Industry is young, growing and exuberant. Of the existing 557 companies, 77% were founded during the last decade. A closer look reveals that almost half of the Industry (45%) was established in the last five years. Figure 1 depicts the trend and growth experienced by the industry in the 1996-2005 period. 127 companies were established prior to 1996, with the oldest one, Teva Pharmaceutical, founded in 1901.

From 1996 to 2000, the industry experienced significant annual growth equaling 19%. In 1996, the life science industry grew by 23 companies while in 2000 the industry saw its number increase by an additional 61 companies. In total, the industry grew by an additional 175 companies in the 1996-2000 period. In the past five years, industry growth has remained stable with approximately 50-60 new companies, added annually. Please note that data regarding the companies established in 2005 is incomplete. Altogether, the industry experienced a 16% compounded annual growth in the decade of 1996-2005. It is important to note that Figure 1 depicts the number of companies established in each of the year and exists today.

Reprinted from the Israel High-Tech & Investment Report July 2006

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