Posted February 03, 2019 04:13:03 A pharmacy tech earns about $50,000 in Israel, according to the Israeli government.
But some of that is a lot less than the median annual salary for the industry in the United States.
According to data from the National Institute for Occupational Health and Labor, a median salary for a pharmacy tech in Israel is about $51,200.
Israel is a small country, but its economy is booming and the Israeli pharmaceutical sector is one of the fastest-growing sectors in the world.
The industry employs more than 3,500 people, according the Israel Pharmaceutical Association.
Pharmacy techs are highly skilled and highly paid.
According for the Association of Israeli Pharmacy Techs (IOPAT), the average salary for an Israeli pharmacy tech is around $80,000.
For the last five years, the median salary has been about $60,000, according Toibin, a startup accelerator and consulting company.
However, some of the salaries are more than double that.
The average salaries for Israeli pharma techs in 2017 were $110,000 or more, according IOPAT.
For example, a pharma-tech salary of $115,000 is almost twice the median in the US, according a report by McKinsey Global Institute.
For a pharmacy tech in Germany, the average is $83,000; for an in-demand pharmacy tech, it is $85,000 for 2017.
And the average Israeli salary is more than twice the US average.
“In 2017, the top 5 highest paid pharma salaries in Israel were $100,000 to $200,000,” IOPAS president Yael Zvi wrote in a statement to The Jerusalem Report.
“This year, the list has risen to $150,000 and $200.000.
There are no clear winners.
The most interesting question is whether the Israeli economy is sustainable.
Will the pharma companies continue to thrive or fall?”
IOPAC said the average Israel salary is about 4% higher than the US.
The IOPATS median salary is around 3% higher.
Zvi said that Israel’s salary increases have been driven by rising demand for pharma technology and pharma equipment, but that demand is slowing down in the coming years.
“The demand for equipment has been steadily increasing for more than a decade, and we expect this to continue to grow,” Zvi told The Jerusalem Project.
“It’s a very tough situation for us.”
In 2017, Israel had the fourth highest number of drug approvals and the fourth largest number of generic drugs.
The country has a total of 2,100 generic drug approvals, according Zvi.
Zavi said that generic drugs are not required for all of the drugs that are approved, and that is why the number of approved drugs is limited.
“There is no generic version of a drug that is allowed for all the approved drugs, because they are not approved for the same drug,” he said.
The Israeli government has increased incentives for Israeli companies to enter the pharmaceutical sector.
Last year, it raised the minimum salary for pharmacy techs from the current $47,000 per year to $52,000 according to Zvi, and also created a new program called “Gestion des pharmas,” which allows companies to receive up to $2.5 million in additional financing for startup startups.
In 2017 alone, the Ministry of Industry and Information Technology increased the amount of grants from $25,000 up to the current level of $30,000 over the next three years.
Ziva, the IOPOS president, said that pharma firms are already facing some financial challenges.
“We are in a transition phase,” he told The Palestine Post.
“For many years, we had an industrial base that provided a huge amount of jobs, but we have had a financial crisis that is forcing us to go back to the drawing board.
We are in the beginning of a real change, but I am optimistic.”
Zvi added that the industry is in the midst of a transition and that companies are focusing on the most critical tasks.
“With the current financial situation, I think that the most important tasks are to stay in the country or to relocate,” he explained.
“If you relocate, the most difficult thing is to integrate with the rest of the country.”
The Israeli economy has been expanding at a rapid rate since the end of the last economic recession.
In the past five years alone, unemployment in Israel fell from 7.9% to 6.2%.
In 2017 there were 8,932,000 job openings, according government data.
For more information, visit the Iopats website.