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
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIsrael 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
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.
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.
Download Free Sample ReportIncentives 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 launched 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 found at 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’sbiggest hospital, Sheba Medical Center expects to see an influx of medicaltourists from the United Arab Emirates in the following year, for a deal with alarge Emirati investment fund. Seizing on opportunities opened by the newIsrael-UAE normalization agreement, Sheba Medical Center has signed amemorandum of understanding with Abu Dhabi-based APEX National Investment. Interms of innovation, Sheba will replicate the strategy of its ARC InnovationCenter, which encourages health-related startups by offering them collaborationsin the hospital. It will work with APEX to set up an innovation project for theUAE.
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.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024-2028 |
| Quantitative Units | Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2024-2028 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Type Treatment Type |
| Regional Scope | The Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, and The Negev Desert |
| Key Companies Profiled | 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. |
| Customization Scope | Ten percent free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | 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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