Israel Diagnostic Labs Market to Grow With An Impressive CAGR until 2026
Increased diagnostic
procedures are driving the growth of Israel Diagnostic Labs Market, in the
forecast period, 2022-2026.
According to TechSci report on, “Israel Diagnostic Labs Market - By Region,
Competition Forecast & Opportunities, 2027”, Israel
diagnostic labs market is anticipated to grow with an impressive CAGR in the
forecast period, 2023-2027 on the account of growing awareness about early diagnosis of the
diseases. Increasing instances of chronic diseases have created chaos among the
population and alarmed the government of the country to support the healthcare
system of the country. Growing demand for the early and efficient diagnosis of
the highly spreading diseases is driving the growth of the Israel diagnostic
labs market in the upcoming five years. Growing concerns among the health
conscious population have increased demand for the diagnostic tests, regular
health check-ups, blood tests & urine tests etc. thus supporting the growth
of the Israel diagnostic labs market in the next five years. Additionally,
increasing geriatric population of the country is further substantiating the
growth of the Israel diagnostic labs market in the future five years. The
geriatric population is highly susceptible to various chronic and infectious
diseases, due to their weaker immune systems and are supporting the market
growth in the future.
Moreover, demand
for decreasing the patient burdens on hospitals and clinics for diagnosis of
the appearing symptoms is further aiding the growth of the Israel diagnostic
labs market in the forecast years until 2026. Private fundings, and
governmental aids with favorable schemes are supporting the robust growth of
the Israel diagnostic labs market in the forecast period.
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The Israel
diagnostic labs market segmentation is based on provider type, test type, end
user, competitional landscape, and regional distribution. Based on provider
type, the market is further bifurcated into hospital, stand-alone center, and
diagnostic chains. Hospitals are anticipated to hold the largest revenue shares
of the market and dominate the market segment in the upcoming five years in the
ground of rapidly increasing number of patients suffering from various diseases
in the country. Rapidly growing demands for early diagnosis of the diseases or
abnormal conditions such that effective treatment can be provided to the
patient is further aiding to the growth of the Israel diagnostic labs market in
the next five years. Moreover, advanced technology and required financial
ailment is feasible and easily available in hospitals, and thus supports the
growth of the Israel diagnostic labs market in the next five years. Also,
dependency of the patients over hospitals for the complete diagnosis and
treatment is completed in hospitals that makes hospitals more preferable for
the patient, that drives the growth of the Israel diagnostic labs market in the
future five years. Stand-alone centers are expected to register growth in the future
five years due to increasing demand for removing the overburdening from the
hospitals. Increasing patient counts are putting the hospitals under the
pressure, thus standalone diagnostic labs make it easier and efficient for the
diagnosis of the various diseases and infections, thus decreasing the
overburdening from hospitals and also substantiating the growth of the Israel
diagnostic labs market in the future five years.
Test type
segment is further fragmented into radiology, and pathology. Radiology is
anticipated to hold the largest revenue shares of the market and dominate the
market in the next five years on the grounds of increasing government
expenditure on radiology sector. Healthcare industry is rapidly growing and
developing in the radiology segment. Rising demand for the innovative products
and equipment for the radiography analysis is further supporting the growth of
the Israel diagnostic labs market in the upcoming five years. Also,
technological advancements like 3D imaging, mobile and portable systems, along
with increased service offerings is supporting the growth of the Israel
diagnostic labs market in the future five years. Increasing instances of
infectious diseases and a recent situation of pandemic due to widespread
COVID-19 virus are expected to influence the growth of the sub-segment,
pathology, and thus further substantiate the growth of the Israel diagnostic
labs market in the forecast period.
A partial list
of major market players of the Israel diagnostic labs market includes :
- American Medical Laboratories (AML)
- Scopio Labs
- Assuta Medical Center
- Sourasky Medical Center
- Sheba Medical Center (Mega Lab)
- Patho-Lab Diagnostics Ltd.
- Savyon Diagnostics
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“Israel healthcare system is booming due to government aids and
financial supports in the recent years. Moreover, surging demands from the
corporate clients due to recent pandemic situation and higher concerns toward
employee healthcare is driving the growth of the Israel diagnostic labs market
in the future five years. The corporates focused on creating sanitized
environment, they have made it mandatory for the employees to get a recent
RT-PCR test done to establish precaution against coronavirus. Also, increasing
awareness among the population regarding health and maintenance of regular
checkups through diagnostic tests are increasing the instances of walk-ins and
thus driving the growth of the sub-segment as well as Israel diagnostic labs
market in the future five years,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Israel Diagnostic labs
Market By Provider Type (Hospital, Stand-Alone Centre, Diagnostic Chains), By
Test Type (Radiology v/s Pathology), By End User (Corporate Clients, Walk-ins,
Referrals), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Israel diagnostic
labs market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Israel diagnostic labs market.
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