The Medical Device Market: Israel

The Israeli medical device market is the largest in the Middle East. This report is ideal for executives wanting to understand the key drivers in the medical market and have access to a wealth of statistical data, including five-year market projections. In addition to the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Includes 3 quarterly updated outlook reports!

Israel borders Lebanon, Syria, Jordan, Egypt and the Mediterranean Sea. Lying within its borders are areas that the Palestinians claim as their own; the threat of terrorism dominates the political landscape.

Israel has the largest medical device market in the Middle East region and this is set to grow at an attractive rate of 6.1% in the medium term. Much of the market, at over 80%, is supplied by imports, and a significant portion of these in value terms are dominated by “high-end” products falling under the diagnostic imaging apparatus category.

In terms of expenditure, Israel spends around 8.0% of total GDP on healthcare, and per capita spending rates are considered high by regional and world standards. Much of spending is in the public sector and the government has made allowances in recent years to expand the number of services and treatment offered by public health insurance programmes. The country also has a rapidly growing elderly demographic that is contributing to rising healthcare costs.

As well as being a political ally, the US is one of the leading suppliers of imports, along with Germany; the two countries shipped a combined total of US$292.1 million, equal to just under half of total imports in 2007. The EU and the US are vital trade partners for Israel, as the country is isolated from its Arab neighbours and conducts virtually no trade with them.

Thanks to a substantial domestic production capacity, Israel exported over US$1 billion worth of goods in 2007, primarily diagnostic imaging equipment, which was responsible for over half the total.

Espicom estimates the medical device market in Israel to be worth US$661 million in 2009, equal to US$89 per capita. The market is expected to experience annual growth of 6.1%, taking it to US$889 million, or US$110 per capita, by 2014.

MARKET OUTLOOK
Key national data projections
Current market size
Unique 5-year market projections
Market outlook
Market structure
Including statistical data on imports and exports
Market access
Including distribution and medical device regulation
Healthcare analysis
Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel    HEALTHCARE DATA
A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.

DISTRIBUTORS
Details of the medical equipment distributors held in Espicom’s database at the time of publication.