Israel Cardiovascular Devices Market to be Dominated by Growth in Geriatric Population through 2028
Growing prevalence of obesity among
population of the country are the major drivers for the Israel cardiovascular devices market.
According to TechSci Research report, “Israel
Cardiovascular Devices Market-By
Region, Competition Forecast, and Opportunities, 2028”, the Israel cardiovascular
devices market is anticipated to register a high CAGR during the forecast
period. This can be ascribed to development in healthcare system and increased
availability of medical facilities in Israel.
According to World Index
of Healthcare Innovation, Israel healthcare system was ranked at fifth position
across the world in 2021 due to their excellent medical facilities and support
provided by them in the country. There is total 354 hospitals in Israel
performing around 4800 cardiac surgeries in a year. Due to rise in instances of
surgical procedures for the treatment of prevailing cardiac problems among
Israelis, many cardiovascular devices are manufactured by medical device
companies every year which is accounting for an immense growth in Israel cardiovascular
devices market. Moreover, the growing geriatric population of the country is
also expected to register a striking growth to Israel cardiovascular devices market.
Some of the common diseases which are associated with people in their old age comprises
of osteoporosis, cancer, cardiovascular diseases, diabetes mellitus, and
others. As per the healthcare records of Israel, it has been concluded that heart
related disease is the most common factor leading to an increase in mortality
rate among geriatric population of the country. According to the report
presented by AHA Journal in 2020, cardiac disorders were found to be increasing
with age where 42% of men and 31% of women with more than 75 years of age were
diagnosed with cardiac disorders. Due to the rise in cardiac problems in older
age people tend to undergo surgical procedures that involves the installment of
cardiovascular
devices in their body. Increasing demand of various cardiovascular devices such
as stents, pacemaker, and prosthetic heart valves, among others to cure
patients from cardiac problems is further expected to propel the growth of
cardiovascular devices market in Israel during the forecast period. Moreover, the
development of unhealthy habits among people of the country such as consumption
of unbalanced diet is leading to growing obesity rate. According to the
report published by Jewish News Syndicate (JNS) in 2023, it was found that 55%
of men and 41% of women are overweight. A new study released by
Israel’s Central Bureau of Statistics revealed that approximately half of
Israelis over the age of 20 are overweight. Moreover, 54 percent of Arabs were
found to be overweight, as compared to 46 percent of Jews. This increase in rate of
obesity along with various health issues related to them is also expected to
drive Israel cardiovascular devices market in the futuristic period.
However, the high cost
of surgical procedures which are required for the treatment of commonly
prevailing cardiovascular diseases in the country is expected to slow down the
growth of the market in the coming years.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on "Israel Cardiovascular Devices Market”
The Israel cardiovascular
devices market segmentation is based on type, application, end user, source,
company, and region.
Based on end user, the market
is further divided into hospitals & clinics, diagnostic centers, others. The
hospitals & clinics segment is likely to dominate the market in the
forecast period. This can be
ascribed to increase in hospital patient admissions recorded in the country due
to growing prevalence of chronic diseases among people of Israel such as
cardiac disorders.
Some of the major companies operating in
the Israel
cardiovascular devices market include:
- V-Wave Ltd.
- Filterlex Medical Ltd.
- Pi-Cardia Ltd
- Endospan ltd.
- Cardiac Success Ltd.
- Eximo Medical Ltd
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“Certain regions
of Israel such as Mediterranean coastal plain and central hills are expected to
dominate the demand for cardiovascular devices in Israel. Developing economy
and high healthcare spending made by people of Israel is expected to bolster
the growth of Israel Cardiovascular Devices market
in the forecast period. Moreover, the introduction of new healthcare policies
such as ‘National Health Insurance Law’ by
the Israel government to make surgical procedures affordable for people is also
propelling the growth of cardiovascular devices market in Israel," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Israel Cardiovascular Devices Market By Type (Diagnostic & Monitoring Devices, Surgical Devices), By Application
(Coronary Artery Disease, Cardiac Arrhythmia, Heart Failure, Others), End User (Hospitals & Clinics, Diagnostic Centers, Others), By Source (Import,
Domestic), By Region, Competition, Forecast, and Opportunities, 2028”, has evaluated the future growth potential of Israel
cardiovascular devices market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
innovative 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 cardiovascular
devices market.
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