Israel Hospital Market Competition Forecast & Opportunities, 2028

A hospital is a health care institution providing treatment to patients with specialized health science, auxiliary healthcare staff, and medical equipment

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.

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.

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:

• Public
• Private

Israel Hospital Market, by Type:

• General
• Multispecialty
• Specialty

Israel Hospital Market, by Type of Services:

• In-Patient Services
• Out-Patient Services

Israel Hospital Market, by Bed Capacity:

• Above 500 beds
• 100-500 beds
• Up to 100 beds

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Israel hospital market.

Available Customizations

The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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