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 one of the most attractive medical device market s in the region, valued at USD1.1b n in 201 4 , 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 terms of medical device start-ups. We expect the market to expand at a CAGR of 5.6% in US dollar terms during our forecast p eriod, taking the total to USD1.5b n by 2019, or USD176 per capita.

Projected Medical Device Market, 2014-2019
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 maintain our forecast that 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 import demand to rise in the coming months in line with an improving performance in the Israeli economy. Imports increased by 4.9% y-o-y in Q216 in US dollar terms, compared with a 2.4% rise in the previous quarter.

  • We anticipate that export performance will be hit by the weak macroeconomic outlook in the eurozone and the USA, which together accounted for over 60% of medical device exports in 2014. The latest monthly trade data reveals a slight rise of 0.1% y-o-y in Q216.

  • Recent acquisitions highlight the attraction of Israeli high-tech medical device companies to foreign investors; a trend that is likely to continue. We note that Israel produces more technology start-up companies than any other country in the world except the US.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates and Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
13
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2009-2019 (USDmn)
19
Table: Consumables Market, 2010-2019 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
24
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
25
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
28
Table: Dental Products Market, 2009-2019 (USDmn)
29
Table: Dental Products Market, 2010-2019 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
37
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending October 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
66
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
67
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2014
71
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
75
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, Year Ending October 2015 (USDmn)
82
Industry Risk/Reward Index
83
Table: MEA Medical Device Risk/Reward Index, Q316
84
Market Overview
85
Medical Device Market Overview
85
Table: Medical Device Market, Key Ratios, 2015
85
Table: Medical Device Market By Product Area, 2015
86
Healthcare Overview
86
Health Status
86
Healthcare System
88
Private Healthcare Providers
88
Healthcare Funding
89
Healthcare Resources
91
Table: Diagnostic Imaging Technology By Type, 2009-2014
91
Healthcare Activity
93
Healthcare Personnel
93
Key Healthcare Data
94
Table: Key Healthcare Data, 2010-2015
94
Industry Trends And Developments
96
Industry Trends & Developments
96
Regulatory Development
100
Medical Device Regulations
100
Competent Authority
100
Regulations
100
Registration
101
Medical Device Pricing & Reimbursement
102
Reimbursement
102
Procurement
103
Competitive Landscape
104
Domestic Medical Device Production
104
Table: Israeli Medical Device Manufacturers
104
National Medical Device Manufacturers
108
AB Dental
108
Aerotel
108
Agar Electronic Ginosar
109
Allium Medical Solutions
109
Atlas Engineering
109
Biovo Technologies
109
CMT Technologies
110
Deldent
110
DreaMed Diabetes
110
LapSpace Medical
111
Lumenis
111
Medoc
112
Mego Afek
112
Mennen Medical
112
Neuronix
113
Nissan Medical
113
Peer Medical
113
ReWalk Robotics
113
Salvaplast Industries
114
Silbermann Gas Systems
114
Teva Medical
114
Technion
115
Tius Elcon
115
Tuttnauer
115
Multinational Medical Device Manufacturers
116
GE Healthcare
116
Spectranetics
116
Multinational Market Activity
117
Boston Scientific
117
Johnson & Johnson
117
Medtronic
117
Siemens
118
Stryker
119
Medical Device Market Access
119
Market Environment
119
Distribution
119
Free Trade Agreements
119
Trade Associations
120
Trade Show
120
Methodology
121
Forecast Methodology
121
Trade Code Classifications
122
Table: Rearranged HS Trade Codes
123
Risk/Reward Index Methodology
126
Table: Medical Devices Risk/Reward Index Indicators
127
Sources
129
Contact
130

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.