Israel: Medical Instruments Market 2024

Medical Instruments Market Size in Israel

The Israeli medical instruments market surged to $X in 2022, increasing by 44% against the previous year. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medical Instruments Production in Israel

In value terms, medical instruments production stood at $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 38%. Medical instruments production peaked at $X in 2020; afterwards, it flattened through to 2022.

Medical Instruments Exports

Exports from Israel

In 2022, after two years of growth, there was significant decline in overseas shipments of instruments used in medical sciences, when their volume decreased by -5.1% to X tons. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, medical instruments exports skyrocketed to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.8% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa (X tons) was the main destination for medical instruments exports from Israel, with a approx. 92% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Africa totaled +8.9%.

In value terms, South Africa ($X) also remains the key foreign market for instruments used in medical sciences exports from Israel.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa amounted to +2.6%.

Export Prices by Country

In 2022, the average medical instruments export price amounted to $X per ton, increasing by 25% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -5.8% per year.

Medical Instruments Imports

Imports into Israel

In 2022, approx. X tons of instruments used in medical sciences were imported into Israel; picking up by 3.4% against the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 26%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, medical instruments imports rose remarkably to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of medical instruments imports to Israel, together comprising 52% of total imports. South Africa, Belgium, Slovakia, Italy, France, Lithuania, Poland and the UK lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Belgium ($X) were the largest medical instruments suppliers to Israel, together comprising 26% of total imports. The Netherlands, the UK, Italy, France, Slovakia, Poland, Lithuania and South Africa lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, South Africa, with a CAGR of +54.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical instruments import price amounted to $X per ton, surging by 5.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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