Hospitals

In Israel, the Hospitals market is forecasted to achieve a revenue of US$15.30bn in 2024.
It is anticipated that the revenue will grow at an annual rate of 3.43% (CAGR 2024-2029), resulting in a market volume of US$18.11bn by 2029.
When compared globally, United States is expected to generate the highest revenue of US$1.50tn in 2024.
In terms of per capita income, in Israel is projected to generate US$1.64k per person in revenue in 2024.
Israel's hospitals are at the forefront of medical innovation, consistently delivering cutting-edge treatments and technologies.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

Israel is a country with a rapidly developing healthcare system, and the Hospitals market is a significant part of it.

Customer preferences: Israeli customers are highly conscious of the quality of healthcare they receive, and they are willing to pay a premium for it. They prefer hospitals that provide personalized care and have a reputation for excellence. Patients also expect hospitals to adopt the latest medical technologies and procedures.

Trends in the market: The Hospitals market in Israel is witnessing several trends. One of the most significant trends is the increasing demand for private hospitals. As the government-run hospitals struggle to meet the growing demand for quality healthcare, private hospitals are filling the gap. Private hospitals offer better facilities and more personalized care, which is driving their popularity. Another trend is the growing popularity of digital health solutions. Israeli hospitals are adopting telemedicine, remote monitoring, and other digital health technologies to improve patient outcomes. The use of electronic medical records (EMRs) is also becoming more prevalent, which is helping hospitals to streamline their operations and improve patient care.

Local special circumstances: Israel is a small country with a highly concentrated population. As a result, the Hospitals market is highly competitive, and hospitals must differentiate themselves to attract patients. The government has also taken steps to encourage competition by allowing private hospitals to operate and by promoting medical tourism.

Underlying macroeconomic factors: Israel's healthcare system is supported by a strong economy, which has been growing steadily in recent years. The government is investing heavily in healthcare, and there is a growing demand for quality healthcare services. The country's aging population is also driving demand for healthcare services, including hospital care. In conclusion, the Hospitals market in Israel is witnessing significant growth, driven by increasing demand for quality healthcare services, the adoption of digital health solutions, and the growth of private hospitals. The market is highly competitive, and hospitals must differentiate themselves to attract patients. The government's support for the healthcare system and the country's strong economy are also contributing to the market's growth.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.