Israel Medical Tourism Market to be Dominated by Increasing Fertility Issues among Women in Israel through 2028
The rising number of
internationally recognized hospitals in the country is one of the major drivers
for the growth of the Israel medical tourism market.
According to TechSci Research
report, “Israel Medical Tourism Market-By Region, Competition, Opportunities, and Forecast, 2028”, the Israel Medical tourism
market is anticipated to register a high CAGR during the forecast period. This
can be ascribed to adoption of online platform by healthcare system of the
country which have made medical services easily accessible for people.
Israel has become a
popular destination for medical tourism due to its advanced medical facilities,
highly skilled medical professionals, and cutting-edge technologies. One of the
significant drivers of Israel's medical tourism market is increasing fertility
tourism. Fertility tourism is the
practice of traveling to another country for fertility treatments such as in
vitro fertilization (IVF) or surrogacy. Advanced fertility treatments,
affordable costs and generous assisted reproductive technology regulations have
made Israel a top destination for fertility treatments. According to the
report published by Israeli Ministry of Health, it has been concluded that in
2018 there were 48 thousand treatments, an increase from 44 thousand in the
previous year. In 2018 most (82%) treatment cycles were with embryo retrieval.
A quarter (25%) of treatment cycles ended in a pregnancy, and 29% of treatment
cycles ended with embryo retrieval, a steady percentage over the last few
years. About a fifth (17%) of all treatment cycles ended with live birth, and
about 21% of all treatment cycles ended with embryo retrieval. In 2018, 9,399 babies
were born after in vitro fertilization treatments, an increase from 8,526
babies from the previous year.
Great foreign patients trust in Israel
healthcare facilities for their fertility treatment is further expected to
propel the growth of Israel medical tourism market in the futuristic period.
Moreover, the adoption of remote/online platforms by hospitals of Israel to
analyze the patients from home, is fueling the growth of medical tourism
market. The internet has enabled medical tourists to access information about
healthcare providers and facilities in Israel easily, which has increased the
transparency and awareness of medical treatments available in the country.
Online platforms have allowed patients to search and compare various medical
services, providers, and prices. They can view patient reviews and ratings of
the facilities and medical staff, which helps in making an informed decision
about choosing the right medical service provider. Additionally, online
platforms have made it easier for medical tourists to make appointments, pay
for medical services, and plan their trips to Israel. This convenience has made
Israel a more attractive destination for medical tourists, increasing the
number of medical tourists visiting the country. Growth in affordability and
establishment of more internationally recognized hospital in the country is
also expected to boost the growth of Israel medical tourism market in upcoming
years. Medical procedures and treatments in Israel are generally much cheaper
than in other countries, including the United States and Europe. This makes
Israel an attractive destination for patients who are seeking high-quality medical
care at a lower cost. Hospitals in Israel have earned a reputation for
providing excellent medical care and have received accreditation from
international organizations such as the Joint Commission International (JCI).
Patients from around the world are attracted to these hospitals because they
offer the same level of care and expertise as top hospitals in their home
countries.
However, complications
while transferring medical records, rise in complexities due to visa management,
and implications of travelling restrictions due to spread of COVID-19 pandemic
are factors, which can 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 Medical Tourism Market”
The Israel medical
tourism market segmentation is based on type, treatment type, company, and
region.
Based on treatment type,
the market is further divided into orthopedic treatment, cardiovascular
treatment, gynecological treatment, dental treatment, fertility treatment,
cosmetic treatment, and others. The fertility treatment segment is likely to
dominate the market in the forecast period. This can be ascribed to presence of highly qualified
gynaecologists in Israel and advanced medical equipment used by them in
treatment of patients related to their fertility problems.
Some of the major
companies operating in the Israel medical tourism market include:
- IES Medical
- Mash Medical
- iMER
(International Medical Evaluation and Referrals)
- Manor Medical
Center
- IMEDICAL Medical Center
- Yitzhak Rabin
Medical Center
- Sheba Medical
Center
- Tel Aviv Sourasky
Medical Center
- Rambam Health
Care Campus
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“Certain regions are expected to dominate the demand for medical
tourism in Israel. The availability of highly qualified medical professionals
in Israel is attracting more people from foreign countries to travel to Israel
for their medical treatment. Moreover, all the hospitals established in Israel
provides the facility of conversing in English with people of every country
which is thereby reducing the language barrier and is further propelling the
growth of medical tourism market in Israel," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management consulting
firm.
“Israel Medical Tourism Market Segmented By Type (Inbound,
Outbound), By Treatment Type (Orthopedic Treatment,
Cardiovascular Treatment, Gynecological Treatment, Dental Treatment, Fertility
Treatment, Cosmetic Treatment, Others), By Region, Competition, Forecast, and
Opportunities, 2028”, has
evaluated the future growth potential of Israel medical tourism 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 medical tourism market.
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