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.
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.