Business Monitor International

Israel Medical Devices Report

Published 13 November 2014

  • 155 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
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 US$1,0 77 .4mn in 2013, equal to US$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 US$1,692.8 mn, or US$ 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 US$1,077.4mn in 2013 to US$1,692.8mn 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 US$892.5mn. Based on collated monthly data, imports to year ending April 2014 grew by 14.7% to reach US$919.0mn.

  • Medical device exports, in US dollar terms, grew by 5.0% in 2013 to reach US$1,826.4mn. 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 US$1,853.6mn.

  • Domestic medical device production is estimated to stand at around US$2.0bn in 2013. Israel's key strengths are in diagnostic imaging and other medical devices.

Headline Industry Risk Reward Ratings

  • 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 Ratings (RRRs). The country's overall score for Q115 is 69.0...

The Israel Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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.


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.

Industry Forecasts
Evaluates and analyses the Medical Devices market in terms of historical and forecast trends, covering six product areas and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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'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