Israel is gradually becoming a hotbed of innovation, with start ups setting up shop and R&D investments leading to meaningful inventions. As of last available data, Israel has the highest R&D intensity in the world, and a large number of patents are being filed every year. Although, it was witnessing a steady growth in patent filings for the past decade, 2013 saw a sudden drop in the PCT applications.
Nonetheless, with hundreds of medical device companies accumulating large number of patents in Israel, the medical technology industry is progressing. Evidently, medical technology received the maximum number of patents in the last ten years. Take a look at the infographic below to spot trends and patterns in the state of Israeli innovation.
