Israel Hospital Market to be Dominated by Increasing Number of Surgeries through 2028

The rise in number of road accidents are the major growth drivers for the Israel hospital market.

According to TechSci Research report, “Israel Hospital Market-By Region, Competition, Opportunities, and Forecast, 2028”, the Israel Hospital Market is anticipated to register a high CAGR during the forecast period. This can be ascribed to development in healthcare system of Israel coupled with technological advancements in medical facilities. Healthcare system in Israel is growing with an immense rate due to various technological advancements taking place in medical facilities provided by hospitals of the country. One of the key players in Israel, Gamida-Cell Ltd. is developing stem cell therapy products to cure blood cancers, solid tumors, and non-malignant blood diseases such as sickle-cell anemia, autoimmune diseases, and genetic metabolic diseases. Hospitals in Israel are equipped with modern facilities and high-quality medical technology which is allowing them to treat their patients with advanced tools. Moreover, the increase in number of surgical procedures to cure severe diseases like cancer, neurological disorders, cardiac disorders, and others is also expected to provide a remarkable growth to Israel hospital market in the forecast period. Increasing prevalence of popular plastic/cosmetic surgery procedures such as liposuction and nose jobs are also expected to boost the growth of hospital market in the country. According to the report published by Jerusalem Post in 2022, around 82 thousand Israelis underwent plastic surgery in 2021 where the three most performed surgeries were breast augmentation, liposuction, and nose surgery. As per the data released by Israeli Society of Plastic and Aesthetic Surgery (ISPAS) around 9 thousand breast augmentation surgeries, 7 thousand liposuction surgeries, 6 thousand nose surgeries, 5,900 eyelid lift surgeries, 3,800 breast lifts, and 4,200 abdominoplasties were performed across the country which propelled the growth of Israel hospital market. Huge blood loss, damage of internal organs, severe injuries, and others caused by rising cases of accidents leads to high admission of patient in Israel medical centers. As per the reports published the media line in 2023, it has been concluded that around 351 people were killed in Israel dur to road accidents. Moreover, the number of people seriously injured in traffic accidents rose 2.1%, from 2,458 in 2021 to 2,510 in 2022. The number of accidents with serious injuries but without fatalities also rose 1%, from 2,208 to 2,230. Rise in traffic and occupational accidents with each passing year is unfortunately expected to register an impressive growth to Israel hospital market in the forecast period.

However, systematic failures in planning, budgeting and regulation by the government resulting in an acute shortage of beds, inefficiencies, and gaps in accessibility of treatment is expected to slow down the growth of the market in the coming years.

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The Israel hospital market segmentation is based on ownership, type, type of services, bed capacity, company, and region.

Based on type, the market is further divided into general, multispecialty, and specialty. The multispecialty segment is likely to dominate the market in the forecast period. This can be ascribed to growing number of surgeries performed in the country due increase in prevalence of certain chronic diseases like cancer, diabetes, cardiac disorders, and others.

Based on bed capacity, the market is further divided into above 500 beds, 100-500 beds, and up to 100 beds. Hospitals with above 500 beds capacity 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 and cancer.

Based on type, the market is further divided into General, Multispecialty, and Specialty. Multispecialty hospitals segment is likely to dominate the market in the forecast period. This can be ascribed to increase in demand of treatments for multiple diseases in the country during forecast period.

Some of the major companies operating in the Israel hospital market include:

• Sheba Medical Center
• Assuta Medical Centers Ltd.
•  Shaare Zedek Medical Center
•  Hillel Yaffe Medical Center
•  Tel Aviv Sourasky Medical Center
•  Herzliya Medical Center Ltd
•  Rambam Health Care Campus
•  Ichilov Hospital
• Rabin Medical Center
• Wolfson University Medical Center (WMC)
  
  

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“Rising disposable income of Israel working population is allowing them to get high quality treatment for their health problems, which is expected to boost the growth of Israel hospital market. Moreover, the increasing number of government initiatives and polices imposed by the government such as ‘National Health Insurance Law’ of the country for development of healthcare industry along with growing insurance coverage for the people of Israel is also expected to bolster the growth of market," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Israel Hospital Market By Ownership (Public, Private), By Type (General, Multispecialty, Specialty), By Type of Services (In-Patient Services, Out-Patient Services), By Bed Capacity (Above 500 Beds, 100-500 Beds, Up To 100 Beds), By Region, Competition, Forecast, and Opportunities, 2028”, has evaluated the future growth potential of Israel hospital 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 hospital market.

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