Israel Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Israel Medical Devices Report
Product Price
$1,295.00

BMI View: Israel represents o ne of the most attractive medical device markets in the region, valued at USD1,128.1mn in 2014, equal to USD144 per capita. Strong trade relations with the USA facilitate medical device imports and exports, while Israel is also a very dynamic market in term s of medical device start-ups. We expect the market to expand at a CAGR of 5.6% in US dollar terms during our forecast period, taking the total to USD1,478.7mn by 2019, or USD176 per capita .

Project Medical Device Market, 2014-2010
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 1,128.1 144.2 4,036.2 516.0 3.6
2015 1,041.0 131.5 4,060.0 512.7 3.9
2016 1,181.0 147.1 4,428.9 551.7 3.8
2017 1,291.4 158.6 4,713.5 578.7 3.7
2018 1,382.0 167.2 5,044.4 610.3 3.7
2019 1,478.7 176.3 5,397.2 643.4 3.7

Latest Updates and Key Forecasts

  • We forecast the market will grow at a 2014-2019 CAGR of 5.6% in US dollar terms, slightly slower than during the previous five-year period when a 2009-2014 CAGR of 7.8% was recorded and increasing the market value from USD1,128.1mn in 2014 to USD1,478.7mn in 2019. Market growth will be driven by continued public investment in the health sector.

  • We expect the sluggish medical device import performance witnessed in H115 to continue in the short term as the US dollar remains strong by comparison to the Israeli shekel. Imports grew by 1.7% in US dollar terms in the three months to July 2015.

  • We expect the recent downturn in export performance to be short-lived and a return to solid growth over the coming months, benefiting from accelerating economic growth in Israel's main trading partners, particularly the USA. Exports contracted by 2.8% in US dollar terms in the three months to July 2015.

  • Deputy Health Minister Ya'acov Lizman revealed that the Health Ministry will pay half of the cost of new MRI scanners in public hospitals that lack them. We believe this move highlights the Israeli government's continued commitment to improving access to healthcare and will provide a boost to the country's diagnostic imaging market.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
13
Operational Risk
14
Industry Forecast
16
Medical Device Market Forecast
16
2014-2019 Performance
16
Table: Projected Medical Device Market, 2014-2019
16
2009-2014 Performance
17
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
18
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
24
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
26
Diagnostic Imaging Market Forecast
28
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
29
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
29
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
36
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2009-2019 (USDmn)
39
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
50
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, June 2012-March 2015 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
72
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
81
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
85
Monthly Medical Device Exports
88
Table: Monthly Medical Device Exports By Product Area, June 2012-March 2015 (USDmn)
88
Macroeconomic Forecasts
90
Economic Analysis
90
Expenditure Breakdown
91
Table: Economic Activity (Israel 2010-2019)
95
Industry Risk/Reward Index
96
Table: MEA Medical Device Risk/Reward Index, Q415
97
Market Overview
98
Medical Device Market Overview
98
Table: Medical Device Market, Key Ratios, 2014
99
Table: Medical Device Market By Product Area, 2014
99
Healthcare Overview
100
Health Status
100
Healthcare System
101
Private Healthcare Providers
102
Healthcare Funding
102
Healthcare Resources
103
Table: Diagnostic Imaging Technology By Type, 2009-2014
104
Healthcare Activity
105
Healthcare Personnel
105
Key Healthcare Data
105
Table: Key Healthcare Data, 2009-2014
105
Industry Trends And Developments
108
Industry Trends & Developments
108
Regulatory Development
112
Medical Device Regulations
112
Competent Authority
112
Regulations
112
Registration
113
Medical Device Pricing & Reimbursement
114
Reimbursement
114
Procurement
114
Competitive Landscape
115
Domestic Medical Device Production
115
Table: Israeli Medical Device Manufacturers
115
National Medical Device Manufacturers
119
Multinational Medical Device Manufacturers
127
Multinational Market Activity
130
Table: Multinational Market Activity, 2015
130
Medical Device Market Access
132
Market Environment
132
Distribution
132
Free Trade Agreements
132
Trade Associations
132
Trade Fairs
133
Methodology
134
Forecast Methodology
134
Trade Code Classifications
135
Table: Rearranged HS Trade Codes
136
Risk/Reward Index Methodology
139
Table: Medical Devices Risk/Reward Index Indicators
140
Sources
142
Contact
143

The Israel Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Israel provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Israel Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Israel, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Israel.
  • Target Business Opportunities in the Israel Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Israel.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.