BMI View: Israel represents one of the most attractive medical device markets in the region. Strong traderelations with the US facilitate medical device imports and exports, while Israel is also a very dynamicmarket in terms of medical device start-ups. Domestic industry strengths include diagnostic imaging anddental instruments. With increased investment in areas such as dental products, the market will see steadygrowth from 2017 onwards.
Latest Updates and Key Forecasts
We have revised downwards our forecasts and project that the market will expand by a 2016-2021 CAGRof 6.3% in local currency terms, which will take expenditure to ILS6.0bn in 2021. Market growth in USdollar terms will be higher at a 2016-2021 CAGR of 7.7%, which should see it increase to USD1.7bn in2021.