A black coronavirus cloud is hovering ov er the Israeli high-tech industry. According to IVC Research Center, which tracks the sector, investment in startup companies plunged 50% in March. Many companies are laying off staff, revising their outlooks for the year downward and seeing the valuations fall.
Some segments, such as cybersecurity and remote services, have avoided the downturn. Not surprisingly, so has digital medicine – which seems headed for an era of rapid expansion as the pandemic creates upheaval in the world’s health care systems.
“The coronavirus is expected to significantly accelerate changes in medicine. What was supposed to take 10 years is going to happen inside a year. Not just digitization of medical procedures but also a transition from tele-medicine to real-time medicine and health care based