Israel Medical Devices Report

Published 07 May 2015

  • 142 pages
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Israel Medical Devices Report

BMI Industry View: One of the most attractive markets for multinational s in the region, Israel's medical device market is valued at USD 1,0 77 .4mn in 2013, equal to USD 1 39 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 9.5 % during the forecast period, whic h should see it reach USD 1,692.8 mn, or USD 205 per capita, by 2018.

Headline Industry Forecasts

  • Israel's medical device market, in US dollar terms, is expected to grow by a CAGR of 9.5% from an estimated USD1,077.4mn in 2013 to USD1,692.8mn in 2018. By product area, performance is expected to range from 7.2% for diagnostic imaging to 16.8% for orthopaedics & prosthetics.

  • Medical device imports supply around 83% 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 2013, imports grew by 11.8% to reach USD892.5mn. Based on collated monthly data, imports to year ending April 2014 grew by 14.7% to reach USD919.0mn.

  • Medical device exports, in US dollar terms, grew by 5.0% in 2013 to reach USD1,826.4mn. Exports fell in 2009, by 13.0%, but have grown every year since. In the 2008-2013 period, exports expanded by a CAGR of 2.5%. Key export markets include the USA, China and the EU. Based on collated monthly data, exports for the 12 months ending in April 2014 reached USD1,853.6mn.

  • Domestic medical device production is estimated to stand at around USD2.0bn in 2013. Israel's key strengths are in diagnostic imaging and other medical devices.

Headline Industry Risk Reward Index

  • Israel ranks as the most attractive market in the Middle East and Africa (MEA) region, in which to commercialise a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). The country's overall score for Q315 is...

Table of Contents

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
2008-2013 Performance
16
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
24
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2009-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
28
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2008-2018 (USDmn)
31
Table: Dental Products Market, 2009-2018 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
37
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, May 2011-April 2014 (USDmn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
69
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
78
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, May 2011-April 2014 (USDmn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Expenditure Breakdown
87
Table: Economic Activity (Israel 2010-2019)
91
Industry Risk/Reward Index
92
Table: MEA Medical Device Risk/Reward Index, Q315
93
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios, 2013
95
Table: Medical Device Market By Product Area, 2013
95
Healthcare Overview
96
Health Status
96
Healthcare System
98
Private Healthcare Providers
98
Healthcare Funding
99
Healthcare Funding
99
Healthcare Resources
101
Table: Diagnostic Imaging Technology By Type, 2006-2013
101
Healthcare Activity
102
Healthcare Personnel
103
Key Healthcare Data
103
Table: Key Healthcare Data, 2009-2014
103
Industry Trends And Developments
106
Industry Trends & Developments
106
Regulatory Development
110
Medical Device Regulations
110
Competent Authority
110
Regulations
110
Registration
111
Medical Device Pricing & Reimbursement
112
Reimbursement
112
Procurement
112
Competitive Landscape
113
Domestic Medical Device Production
113
Table: Israeli Medical Device Manufacturers
113
National Medical Device Manufacturers
117
Multinational Medical Device Manufacturers
125
Multinational Market Activity
128
Table: Multinational Market Activity, 2015
128
Medical Device Market Access
130
Market Environment
130
Distribution
130
Free Trade Agreements
130
Trade Associations
130
Trade Fairs
131
Methodology
132
Forecast Methodology
132
Trade Code Classifications
133
Table: Used HS Trade Codes
133
Table: Rearranged HS Trade Codes
135
Risk/Reward Index Methodology
138
Table: Medical Devices Risk/Reward Index Indicators
139
Sources
141
Contact
142

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc