A hospital is a
health care institution providing treatment to patients with specialized health
science, auxiliary healthcare staff, and medical equipment. Hospitals assist
people with various kind of facilities including intensive care units,
emergency services, trauma centers, pharmacy, pathology, radiology, and others.
In World Index of Healthcare Innovation, Israel occupied fifth rank among all
the countries due to their excellent healthcare services and higher number of
well-equipped hospitals. Total 354 hospitals are there in Israel where 172 hospitals
come under public category and 182 hospitals come under private category. Sheba
Medical Center, Israel is one of the best hospitals in the world and holds
tenth rank among best hospitals globally. Some of the well-known facilities
provided by hospitals in Israel comprises of maternity care, dental care,
mental health care, and others. Moreover, some of the allied medical care
provided the hospitals include physiotherapy, occupational therapy, nutrition,
and speech therapy. Several common chronic diseases like cancer, diabetes,
cardiac disorders, and others is increasing the demand for healthcare services
in the country. Growing number of healthcare centers and hospitals in Israel
for providing advanced services to the people will register an impressive
growth to Israel hospital market in the forecast period. Development in medical
tourism along with rising birth rate of the country is also expected to boost
the growth of hospital market in upcoming years. Moreover, the growth in the
geriatric population of the country and various health problems associated with
people in their old age is also going to propel the growth of hospital market
of Israel in the futuristic period.
Growing Demand
for Healthcare Services
In Israel,
there has been a gradual increase in healthcare awareness and expectations.
People are becoming more mindful of their physical and mental health and are
thus seeking swift and high-quality medical services. Patients anticipate the
availability of contemporary facilities, customized treatments, and
individualized attention. To cater to these demands, hospitals are broadening
their range of services, enhancing their infrastructure, and procuring
cutting-edge medical equipment.. Cancer is the leading cause which is
accounting for the maximum deaths in all the regions of Israel. Lung cancer is
most prominent among men of Israel which is caused by tobacco smoking and
around 4,500 women in country are diagnosed with breast cancer every year
causing around 900 deaths per year. Cardiac disorders are the second most prevailing health
problems among Israeli people. In Israel, approximately 25 thousand
hospitalizations occur because of myocardial infarction each year; 43 thousand
patients have coronary angiograms annually, and 23 thousand patients undergo
percutaneous coronary interventions. According
to the report “Status of cardiovascular medicine in Israel” published by AHA
Journal in 2020, it was observed that 10.2% of Israeli men and 7.1% of Israeli
women get affected by cardiac diseases every year with a prevalence of coronary
artery disease of 7.5% and 4.1%, respectively. Diabetes is another
leading cause of death growing among the population of Israel. Among two types
of diabetes, Type 2 Diabetes Mellitus is the most common disease resulting in
higher number of deaths as compared to other countries. As per the data
published by National Library of Medicine in 2019, out of the total sample
population 13.7% of people were diagnosed with Type 2 diabetes. The prevalence
of Type 2 Diabetes Mellitus was found to increase progressively particularly in
women with an increase in BMI (20%, 37% and 44% respectively), while, in men it
increased sharply (from 25% to 50%) until a BMI of
29.9. Increasing frequency of these
long-lasting diseases in regions of Israel is enhancing the demand of hospitals
and medical centers in the country which is expected to register an impressive
growth to Israel hospital market.
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Rise in Medical
Tourism
Under Medical
Tourism Index of 2020-2021, the medical tourism of Israel ranks at eighth
position among 46 other destinations in the world. Some of the treatments where
Israel holds the comparative expertise include oncology, neurology, urology,
orthopedics, and general surgery. People from other countries with limited
healthcare facilities migrate to Israel for their treatment which increase the
medical tourism of the country and is further expected to propel the growth of
Israel hospital market. Nearly 50% of medical tourists to Israel seek oncology
treatments, 30% need specific surgeries like orthopedic and spine surgeries and
remaining 20% seek diagnostic procedures and second opinions. According to the
data published by Booking Health in 2020, it has been observed that around 80%
of patients come to Israel for cancer treatment. Modern equipment used by
Israeli doctors such as Gamma Knife and Cyber Knife for performing is attracting
more patients from foreign countries which is thereby fueling the growth of
hospital market.
Growth in
Geriatric Population
Some of the
diseases which are found to be most prominent among the geriatric population in
Israel includes arthritis, cardiac disorders, diabetes, and others. As per
the report published by GlobalData on Israel Population Distribution in 2021,
it was observed that 61.5% of people were found to be aged between 15-64 years,
12.0% of people were found to be between 65 years of age and above 26.5%
accounted for other age groups. Cardiac disease was found to be leading
cause of illness among geriatric population of Israel in 2020. 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. Growing instances of patients
being affected with several diseases which are associated with people in their
geriatric age is expected to boost the growth of Israel hospital market in the
forecast period.
Recent
Developments
- On
25 December 2022, Sheba Medical Center has announced partnership with the US
government's National Institutes of Health to create a new pandemic research
agency. The institute will enable researchers to quickly detect emerging
pathogens and “predict the viral and bacterial threats of the future,” all the
while developing the tools needed to prevent and fight epidemics and pandemics
in the future.
- On
29 November 2022, in a peer-reviewed study, scientists from Hadassah Medical
Center in Jerusalem have derived both male and female stem cells from the same
person, becoming the first in the world to do so. The researchers have also
successfully grown nervous system cells from the stem cells, serving as a proof
of concept of technology that could help better test differences in the effects
of medical treatments between men and women.
- On
27 November 2022, a research team at Technion – Israel Institute of Technology
has developed an invisible “air-screen” as an alternative to facemasks to
prevent the transmission of COVID-19 and other respiratory viruses. The device,
mounted on the visor of a cap, protects the eyes, nose, and mouth of the wearer
while eliminating the negative effects on facial identity, oral communication,
and plastic waste of traditional facemasks.
- On
11 December 2022, a new technology developed at Tel Aviv University enables
doctors to destroy cancerous tumors in a targeted and non-invasive manner using
ultrasound and the injection of nanobubbles into the patient’s bloodstream. The
microbubbles congregate around the tumor, which are then exploded using
low-frequency ultrasound, reducing the amount of off-target damage compared
with other treatments.
Israel hospital market is
segmented based on ownership, type, type of services, bed capacity, company,
and region. In terms of ownership, the hospital market is categorized into
public and private. Based on type, market is divided into general,
multispecialty, and specialty. In terms of type of services, the hospital
market is segmented into in-patient services and out-patient services. Based
on bed capacity, the market is fragmented into above 500 beds, 100-500 beds,
and up to 100 beds.
Market Players
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, and Wolfson University Medical Center (WMC) are some of
the key players operating in the Israel hospital market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2018 – 2028F
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Quantitative Units
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Revenue in USD Million, Volume in Tons,
and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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Ownership
Type
Type of Services
Bed Capacity
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Regional Scope
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The
Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, and The
Negev Desert
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Key Companies Profiled
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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, and Wolfson University Medical Center (WMC)
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Customization Scope
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10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, Israel hospital market has been segmented into
following categories, in addition to the industry trends which have also been detailed
below:
Israel Hospital Market, By Ownership:
o Public
o Private
Israel Hospital Market, By Type:
o General
o Multispecialty
o Specialty
Israel Hospital Market, By Type of Services:
o In-Patient Services, Out-Patient Services
Israel Hospital Market, By Bed Capacity:
o Above 500 beds
o 100-500 beds
o Up to 100 beds
Competitive Landscape
Company Profiles: Detailed analysis
of the major companies present in Israel hospital market.
Available
Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Israel
hospital market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]