Israel medical
tourism refers to the practice of traveling to Israel for the purpose of
obtaining medical treatment, usually at a lower cost than in the traveler's
home country. Israel has become a popular destination for medical tourism due
to its world-renowned hospitals, advanced medical technology, and highly
trained medical professionals. Medical tourists typically travel to Israel for
a wide range of treatments, including cosmetic surgery, fertility treatments,
orthopedic surgeries, and cancer treatments. The Global Medical Tourism Index
ranks Israel as the eighth-most medical tourism destination in the world, owing
to the substantial number of visitors to the Dead Sea and the massive drift of
medical tourists seeking IVF and other fertility treatments in the country. Israel
is well-known among the world in maintaining international reputation, patient
experience, quality of healthcare, and accreditation of healthcare facilities. Israel
has acquired third position in the 'quality of facilities and services' aspect,
with world-class healthcare facilities and internationally trained healthcare
providers. Renowned for its excellence in complex surgical procedures, Sheba
Medical Center has launched an international medical tourism sector serving
thousands of foreign patients from around the world, including Russia, Cyprus,
Georgia, and the United States. Huge investments by government bodies in the
hospital sector to promote better quality treatment procedures is expected to
register an impressive growth in Israel medical tourism market during the
forecast period. Moreover, proximity of Europe and various other Middle Eastern
regions to Israel is further expected to propel the growth of medical tourism
market in the country during the futuristic period due to reduction in time
spent by patients while travelling to foreign countries for their treatment. Various
other standardized medical facilities provided by Israel including laboratory
services, radiology, pathology, intensive care units, therapeutic units, and
others are attracting people to opt for Israeli hospitals for their treatment
which is thereby promoting the growth of medical tourism market in Israel.
Rising Adoption
of Advanced Technologies
The rising
adoption of advanced technologies is a significant driver for the Israel
medical tourism market. Israel is known for its advanced healthcare system and
medical technology, which has attracted patients from all over the world. The
country has become a hub for medical tourism due to its high-tech medical
facilities and skilled medical professionals. Israel has been at the forefront
of medical technology development, with a strong focus on research and
development. The country has developed several innovative medical technologies,
including medical imaging, robotic surgery, and gene therapy, which have
attracted patients from all over the world seeking advanced medical treatments. Israel's
advanced medical technologies have also helped to reduce the costs of medical
treatments, making them more affordable for patients. Moreover, the Israeli
government has been supportive of the medical tourism industry, providing
incentives to medical facilities and promoting the country as a medical tourism
destination. The government has also made it easier for foreign patients to
obtain medical visas and has streamlined the process for medical travel. Some
of the cutting-edge equipment used by Israeli doctor in carrying out the
regarded surgical procedure comprises of O-arm computer-assisted navigation
systems, da Vinci Surgical System, SpineAssist spinal surgery system, and the
IRE NanoKnife device which makes the treatment more efficient and absolute.
ApiFix is the system used by Israeli doctors to correct severe curvatures of
spine known as scoliosis which minimizes the risk, scar size, complications,
recovery time and cost of patients. Moreover, nowadays doctors are making use
of a device called IceSense3 in Israel, which can remove breast lumps in a
10-minute ultrasound-guided procedure that penetrates the tumor and engulfs it
with ice. The system is being clinically evaluated against small malignant
breast tumors as well. The procedure is usually done in a doctor’s office,
clinic or breast center, and the patient can get up and leave afterward with no
recovery period or post-care. Several developments taking place in Israel
healthcare system and adoption of advanced medical tools to make the surgery
minimally invasive and efficient is further expected to boost the growth of
Israel medical tourism market in the forecast period.
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Incentives and
Support by Regional Government
The Israeli
government has been actively promoting medical tourism as a growth industry for
several years. Many support mechanisms, incentives and policies have been
implied by the government of Israel to make the medical tourism more accessible
and affordable for people all over the world. One of the key incentives is tax
exemptions for foreign patients receiving medical treatment in Israel. Foreign
patients are exempt from paying value-added tax (VAT) on medical treatment and
hospitalization, which can result in significant savings for patients. In
addition, the Israeli government provides grants and subsidies for companies
that invest in the medical tourism industry. The government has also
established a medical tourism department within the Ministry of Tourism to
promote and market Israel as a medical tourism destination. The department
helps medical tourism companies, including market research, promotion, and
networking opportunities. The government also provides funding for medical
research and development, which can help to drive innovation and improve the
quality of medical services in Israel. The Israeli Medical Tourism Association
(IMTA) is an authority owned by government of Israel which works to promote
medical tourism and ensure that the services provided are of high quality and
meet international standards. Another policy introduced is the development of
medical tourism clusters in various cities across Israel. These clusters are
designed to provide a complete package of medical services, including
treatment, accommodation, and transportation, all in one location. Various initiatives
taken by Israeli government to improve healthcare system of the country is
further expected to propel the growth of medical tourism market in Israel
during the forecast period.
Proximity to
Europe and Middle East
Israel's
proximity to Europe and the Middle East has played a significant role in
driving the country's medical tourism market. The country's strategic location,
along with its advanced medical infrastructure, highly skilled healthcare
professionals, and cutting-edge medical technologies, has made it an attractive
destination for medical tourists from neighboring countries. Patients from
Middle Eastern countries like Saudi Arabia, Russia, Ukraine, Kazakhstan,
Jordan, and Egypt come to Israel for advanced medical treatments that are not
available in their home countries or are prohibitively expensive. Many people
in the Middle East and Europe consider Israel to be a hub of medical innovation
and expertise, and they rely on Israeli healthcare professionals to provide
them with high-quality medical care. Moreover, reduction in time spend by
patients in travelling to Israel for treatment of their disease and growing
reliance of people on healthcare system of the country is further expected to
register a striking growth to Israel medical tourism market in upcoming years.
Development in
Hospital Infrastructure
Israel is known
for its advanced medical facilities and highly skilled medical professionals,
which have made it a popular destination for medical tourism. Development in
hospital infrastructure is a key factor driving the growth of Israel's medical
tourism market. There are 172 public hospitals and 182 private hospitals in
Israel which accounts for a total of 354 hospitals present in arena of the
country. Israel healthcare system is one of the largest serving associations
across the world with an overall bed capacity of 44,715 beds which is
convincing more people from foreign countries to travel to Israel for effective
treatment of their disease. Moreover, rapid innovations in surgical procedures
related to oncology, cardiology, neurology, and orthopedics, among others is expected
to fuel the growth of Israel medical tourism market in the forecast period.
Recent
Developments
- Israel’s
biggest hospital, Sheba Medical Center expects to see an influx of medical
tourists from the United Arab Emirates in the following year, for a deal with a
large Emirati investment fund. Seizing on opportunities opened by the new
Israel-UAE normalization agreement, Sheba Medical Center has signed a
memorandum of understanding with Abu Dhabi-based APEX National Investment. In
terms of innovation, Sheba will replicate the strategy of its ARC Innovation
Center, which encourages health-related startups by offering them collaborations
in the hospital. It will work with APEX to set up an innovation project for the
UAE.
Israel medical tourism market
is segmented based on type, treatment type, and region. In terms of type, the medical
tourism market is categorized into inbound and outbound. Based on, treatment
type, the market is fragmented into orthopedic treatment, cardiovascular
treatment, gynecological treatment, dental treatment, fertility treatment,
cosmetic treatment, and others.
Market Players
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, and Rambam Health Care Campus.
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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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2024-2028
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Quantitative Units
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Revenue in USD Million, Volume in tons and
CAGR for 2018-2022 and 2024-2028
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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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Type
Treatment Type
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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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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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Customization Scope
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Ten percent
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 medical tourism market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
- Medical Tourism Market, By Type:
o Inbound
o Outbound
- Medical Tourism Market, By Treatment Type:
o
Orthopedic Treatment
o
Cardiovascular Treatment
o
Gynecological Treatment
o
Dental Treatment
o
Fertility Treatment
o
Cosmetic Treatment
o
Others
Competitive Landscape
Company Profiles: Detailed analysis
of the major companies present in Israel medical tourism 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
medical tourism market is an upcoming report to be released soon. If you wish a
prompt delivery of this report or want to confirm the date of release, please
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