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

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

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Download Free Sample ReportRise 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

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.

Recent Developments

• On25 December 2022, Sheba Medical Center has announced partnership with the USgovernment's National Institutes of Health to create a new pandemic researchagency. The institute will enable researchers to quickly detect emergingpathogens and “predict the viral and bacterial threats of the future,” all thewhile developing the tools needed to prevent and fight epidemics and pandemicsin the future.
• On29 November 2022, in a peer-reviewed study, scientists from Hadassah MedicalCenter in Jerusalem have derived both male and female stem cells from the sameperson, becoming the first in the world to do so. The researchers have alsosuccessfully grown nervous system cells from the stem cells, serving as a proofof concept of technology that could help better test differences in the effectsof medical treatments between men and women.
• On27 November 2022, a research team at Technion – Israel Institute of Technologyhas developed an invisible “air-screen” as an alternative to facemasks toprevent 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 wearerwhile eliminating the negative effects on facial identity, oral communication,and plastic waste of traditional facemasks.
• On11 December 2022, a new technology developed at Tel Aviv University enablesdoctors to destroy cancerous tumors in a targeted and non-invasive manner usingultrasound and the injection of nanobubbles into the patient’s bloodstream. Themicrobubbles congregate around the tumor, which are then exploded usinglow-frequency ultrasound, reducing the amount of off-target damage comparedwith 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

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.