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The Israel laboratory equipment and services market is a rapidly growing industry, driven by the country's strong focus on research and development. The market is expected to reach a value of $1.5 billion by 2025, with a CAGR of 10%. This growth is being fueled by a number of factors, including the increasing demand for new and innovative laboratory equipment and services, the growing number of laboratories in Israel, and the government's commitment to supporting the life sciences industry.
The Israeli government is a major purchaser of laboratory equipment and services. In 2022, the government spent an estimated $500 million on laboratory equipment and services. This spending is expected to continue to grow in the coming years, as the government invests in new research and development initiatives.
The Israeli government procures a wide range of laboratory equipment and services, including:
Analytical instruments
Laboratory furniture
Consumables
Maintenance and repair services
Calibration services
Training and support services
The top authorities for Israel laboratory equipment and services procurement are:
The Ministry of Health
The Ministry of Science and Technology
The Israel Defense Forces
The Technion - Israel Institute of Technology
The Weizmann Institute of Science
The top winners of Israel laboratory equipment and services procurement are:
NewLab Bio, Sight Diagnostics, Spectral Solutions, Medizin Ltd., Tali Biomedical Ltd., Hybrigenetics Ltd.
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