From the lush rolling hills of northern Israel, to the azure beaches along the Mediterranean, to the sights and sounds of Jerusalem’s Old City, to the vast expanse of the Negev, beauty abounds in Israel.
The country also brings beauty to millions of consumers worldwide, thanks to its vibrant aesthetics technology sector. Leveraging Israel’s robust R&D strengths and entrepreneurial spirit, the sector has developed world-leading solutions for combating aging, treating common skin conditions like acne, trimming belly fat, and more.
For a look at some of the most innovative work in Israeli aesthetics technology, don’t miss the Yokneam hi-tech park, located in the lower Galilee. Hailed once in Time Magazine as containing “perhaps the world’s largest concentration of aesthetics-technology companies,” the park is home to an estimated 150 companies performing R&D work, and is the source of $5-6 billion in annual technology exports.
Among the aesthetics technology companies to set up shop in the Startup Village are the following:
· Ion Med operates in the burgeoning plasma medicine space, utilizing cold atmospheric plasma for a variety of clinical applications. The company’s Bioweld1 device is well-suited for wound and surgical incision closure, skin graft fixation, and acne treatment.
· Lumenis is an industry pioneer in minimally-invasive clinical solutions, utilizing a range of innovative, energy-based technologies, including laser, intense pulsed light (IPL), and radio frequency (RF). Lumenis technology is used to resurface skin, treat burns and scars, eradicate the appearance of leg veins, treat lesions, and remove tattoos.
· Syneron Candela’s energy-based technologies have a diverse array of applications, including body contouring, cellulite removal, acne treatment, lesion treatment, hair removal, wrinkle reduction, and women’s intimate health.
Another leading company in the sector is Med-Op Aesthetic Technologies, which has developed two platforms for clinical application: STAR LIFT, a multi-treatment platform for collagen renewal, skin tightening, and better lymphatic drainage; and TWINLIGHT, which combines radio frequency and reflecting LED technology to renew tissue and muscle cells and build up collagen.
Such companies are well-positioned to capitalize on the rapid growth of the global aesthetics industry. Powered by mounting demand in emerging markets like China and India and sustained growth in industrialized countries, the global medical aesthetics market is projected to grow at a 12.2 percent Compound Annual Growth Rate (CAGR) from 2017 to 2023, reaching $19.4 billion.
For Israel, a thriving innovation ecosystem has proven to be the country’s proverbial fountain of youth — bringing vitality and ingenuity to the country’s economy and delivering technologies that improve lives for millions worldwide.
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