BMI Industry View: One of the most attractive markets for multinational s in the region, Israel's medical device market is valued at USD 1,128.1mn in 2014 , equal to USD 144 per capita. Strong trade relations with the USA facilitate medical device imports and exports, while Israel is also a very dynamic market in terms of medical device start-ups. The market is exp ected to expand at a CAGR of 5.6 % during our forecast period, taking the total to USD1,478.7mn by 2019, or USD176 per capita.
Headline Industry Forecasts
Israel's medical device market, in US dollar terms, is expected to grow by a CAGR of 5.6% from an estimated USD1,128.1mn in 2014 to USD1,478.7mn in 2019. By product area, performance is expected to range from a 2014-2019 CAGR of 3.2% for orthopaedics & prosthetics to 7.4% for other medical devices.
Medical device imports supply around 82% of the market. The EU and the USA are vital trade partners for Israel, as the country is isolated from its Arab neighbours and conducts virtually no trade with them. In 2014, imports grew by 3.7% to reach USD925.3mn. Based on collated data, imports for the 12 months ending March 2015 grew by just 0.7% to reach USD925.8mn.
Medical device exports grew by 10.1% in US dollar terms in 2014 to reach USD2,013.5mn. Exports fell by 13.0% in 2009 but have grown every year since, recording a 2009-2014 CAGR of 7.5%. Key export markets include the USA, China and the EU-28. Based on collated monthly data, exports for the 12 months to March 2015 increased by 10.3% to USD2.0bn.
Domestic medical device production is estimated to stand at around USD2.3bn in 2014. Israel's key strengths are in diagnostic imaging and other medical devices, particularly medical instruments.
Headline Industry Risk Reward Index
Israel currently ranks as the third most attractive market in the Middle East and Africa region, in which to commercialise a medical device, according to BMI's Medical Device Risk/Reward Index. The...
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.
- 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.
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 analyses of the medical devices market, the political environment, the economic landscape and the business environment.
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.
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.
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.
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.
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.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.