Mego Afek AC

Company Overview

Snapshot

Founded in January 1962, Mego Afek AC operates with 51–200 employees and has secured funding across three rounds. In December 2023, Gilead Sciences led a funding round, highlighting continued investor confidence in the company's medical and aesthetic compression therapy systems.

Business overview

Mego Afek AC specializes in the development and manufacturing of advanced medical and aesthetic compression therapy systems. The company's core technology is rooted in compression, which it applies to a range of products including the Lympha Press line for lymphedema and venous insufficiency treatment, systems for peripheral arterial disease, and solutions for preventing deep vein thrombosis. Mego Afek also offers aesthetic solutions and therapeutic techniques for muscular recovery and rehabilitation for sports enthusiasts. It serves home care, clinics, and hospitals globally within the Health Tech & Life Sciences sector, specifically targeting Medical Devices and Medical Treatment & Therapeutics.

Strategic signal

In June 2021, Mego Afek AC became the first Israeli company to sell its products in Morocco, signaling a strategic expansion into new international markets. This move demonstrates the company's ability to navigate new regulatory environments and tap into emerging healthcare markets, which could significantly broaden its customer base and revenue streams for investors.

Company Intelligence Q&A

When was Mego Afek AC founded?

Mego Afek AC was founded in January 1962, initially producing pressure gauges at Kibbutz Afek in Israel.

What is Mego Afek AC's primary focus in medical technology?

Mego Afek AC primarily focuses on developing and manufacturing medical and aesthetic compression therapy systems for various applications, including lymphedema treatment and sports recovery.

What significant market expansion did Mego Afek AC achieve in June 2021?

In June 2021, Mego Afek AC became the first Israeli company to sell its products in Morocco, marking a key international market expansion.

What products does Mego Afek AC offer?

Mego Afek AC offers products such as Phlebo Press, Ballancer, and Lympha Press, which are part of its comprehensive line of compression therapy systems.