Business Monitor International


Israel Medical Devices Report

Published 21 March 2014

  • 155 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Israel Medical Devices Report

Espicom Industry View: One of the most attractive markets for multinational s in the region, Israel's medical device market is valued at US$1,099.4mn in 2013, equal to US$141 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 expected to expand at a CAGR of 7.4% during the forecast period, which should see it reach US$1,570.9mn, or US$186 per capita, by 2018.

Headline Industry Forecasts

  • Israel's medical device market is valued at US$1,099.4mn in 2013, equal to US$141 per capita. The market is expected to expand at a CAGR of 7.4% during the forecast period, which should see it reach US$1,570.9mn, or US$186 per capita, by 2018.

  • Medical device imports supply around 83% of the market. As well as being a political ally, the USA is one of the leading suppliers of imports, along with Germany; the two countries shipped a combined total of US$328.2mn, equal to 41.1% of total imports in 2012. 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.

  • Medical device exports totalled US$1,738.1mn in 2012, representing growth of 3.7% compared to 2011. Key export markets include the USA, Germany and China.

  • Domestic medical device production is estimated to stand at around US$2.0bn in 2012. Israel's key strengths are in diagnostic imaging.

Headline Industry Risk Reward Ratings

  • Israel ranks as the most attractive market in the Middle East and Africa region, in which to commercialise a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). The country's overall score for Q214 is 65.9 out of 100 compared to a regional average of 49.5 for 14 key markets covered.

Headline Healthcare Overview

  • Healthcare expenditure is estimated to stand at US$20.8mn in 2013, or US$2,687 per capita and 7.8% of GDP....

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Medical Device Market Forecast
14
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
20
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
23
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
26
Consumables Market Forecast
29
Table: Consumables Market, 2008-2018 (US$mn)
29
Table: Consumables Market, 2008-2018 (US$ Per Capita)
30
Table: Consumables Market, 2009-2018 (US$mn % Change)
31
Diagnostic Imaging Market Forecast
33
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
34
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
35
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
36
Dental Products Market Forecast
38
Table: Dental Products Market, 2008-2018 (USmn)
39
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
39
Table: Dental Products Market, 2009-2018 (US$mn % Change)
40
Orthopaedics & Prosthetics Market Forecast
42
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
43
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
43
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
44
Patient Aids Market Forecast
45
Table: Patient Aids Market, 2008-2018 (US$mn)
46
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
46
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
47
Other Medical Devices Market Forecast
49
Table: Other Medical Devices Market, 2008-2018 (US$mn)
49
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
50
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
51
Annual Medical Device Imports
54
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
57
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
58
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
59
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
60
Table: Medical Device Imports by Product Area, 2008-2012 (% Distribution)
62
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
64
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
65
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
67
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
68
Table: Detailed Medical Device Import Trends By Product Area, 2012
71
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
74
Monthly Medical Device Imports
77
Table: Monthly Medical Device Imports By Product Area, June 2010-June 2013 (US$mn)
78
Annual Medical Device Exports
79
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
82
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
83
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
84
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
85
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
87
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
89
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
90
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
92
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
93
Table: Detailed Medical Device Export Trends By Product Area, 2012
96
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
99
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
102
Monthly Medical Device Exports
105
Table: Monthly Medical Device Exports By Product Area, June 2010-June 2013 (US$mn)
105
Macroeconomic Forecasts
107
Economic Analysis
107
Table: Israel - Economic Activity
112
Industry Risk Reward Ratings
113
Table: Middle East And Africa Medical Device Risk/Reward Ratings, Q214
114
Market Overview
115
Medical Device Market Overview
115
Table: Medical Device Market, Key Ratios, 2013
115
Table: Medical Device Market By Product Area, 2013
116
Healthcare Overview
117
Health Status
117
Healthcare System
118
Health Funding
118
Healthcare Resources
119
Table: Diagnostic Imaging Technology By Type, 2005-2012
119
Healthcare Activity
120
Healthcare Personnel
121
Key Data
121
Table: Key Data, 2008-2013
121
Industry Trends And Developments
124
Industry Trends & Developments
124
Regulatory Development
126
Medical Device Regulations
126
Competent Authority
126
Regulations
126
Medical Device Pricing & Reimbursement
128
Competitive Landscape
129
Domestic Medical Device Production
129
Table: Israeli Medical Device Manufacturers
129
National Medical Device Manufacturers
133
Multinational Medical Device Manufacturers
141
Multinational Market Activity
143
Table: Multinational Market Activity, 2014
143
Medical Device Market Access
145
Market Environment
145
Distribution
145
Trade Associations
145
Trade Fairs
145
Methodology
146
Medical Device Market Methodology
146
Trade Code Classifications
147
Table: Used HS Trade Codes, 2014
147
Table: Rearranged HS Trade Codes, 2014
149
Risk/Reward Ratings Methodology
152
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
153
Sources
154
Contact
155

The Israel Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity 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 Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Israel.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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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