New Market Study Published: The Medical Device Market: Israel

New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Israel"

by Bill Thompson

(WireNews+Co) - Boston, MA - 27 February 2013

Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data.  Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy.

The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts.  Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Israel borders Lebanon, Syria, Jordan, Egypt and the Mediterranean Sea. Lying within its borders are areas that the Palestinians claim as their own; the threat of terrorism dominates the political landscape.

View Full Report Details (http://www.fastmr.com/prod/538052_the_medical_device_market_israel.aspx?afid=201) (http://www.fastmr.com/prod/538052_the_medical_device_market_israel.aspx?afid=201)

Israel has the largest medical device market in the Middle East region. Much of the market, at just under 80%, is supplied by imports, and a significant portion of these in value terms are dominated by “high-end” products falling under the diagnostic imaging apparatus category.

In terms of expenditure, Israel spends around 7.6% of total GDP on healthcare, and per capita spending rates are considered high by regional and world standards. Much of spending is in the public sector and the government has made allowances in recent years to expand the number of services and treatment offered by public health insurance programmes. The country also has a rapidly growing elderly demographic that is contributing to rising healthcare costs.

As well as being a political ally, the US is one of the leading suppliers of imports, along with Germany; the two countries shipped a combined total of US$263.9 million, equal to 42.7% of total imports in 2009. The EU and the US are vital trade partners for Israel, as the country is isolated from its Arab neighbours and conducts virtually no trade with them.

Thanks to a substantial domestic production capacity, Israel exported US$1.4 billion worth of goods in 2009, primarily diagnostic imaging equipment, which accounted for 58% of exports.

Espicom estimates the medical device market in Israel to be worth US$913 million in 2011, equal to US$118 per capita. The market is expected to expand at a CAGR of 3.7%, during the forecast period, which should see it reach US$1,097 million, or US$131 per capita, by 2016.

Includes 3 quarterly updated outlook reports!

Please note: Report sections are periodically updated and some sections may have been updated more recently than the publication date given for the full report.

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