DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "CountryFocus: Healthcare, Regulatory and Reimbursement Landscape - Israel" report to their offering.
During the 2008-2013 period, the Israeli pharmaceutical market increased at a Compound Annual Growth Rate (CAGR) at 3.0%. It was worth $1.7 billion in 2008, and is projected to reach approximately $2.3 billion by 2020 at a CAGR of 2.8% (AESGP, 2013).
The report is an essential source of information and analysis on the healthcare, regulatory and reimbursement landscape in Israel. It identifies the key trends in the healthcare market and provides insights into the demographic, regulatory, reimbursement landscape and healthcare infrastructure of Israel.
The government of Israel has been making continuous efforts to strengthen the economy to ensure long-term growth, and the pharmaceutical market is seen as a key industry for the country's future growth. To support this industry, the government has improved regulatory guidelines and initiatives to develop the domestic pharmaceutical market.
The Pharmaceutical market was estimated to be worth $1.75 billion in 2015 and expected to reach $2.12 billion by 2020. The market grew nominally at a Compound Annual Growth Rate (CAGR) of 3.9% over the 2008-2020 period. The medical device market was valued at $0.97 billion in 2008 and is expected to reach approximately $1.55 billion by 2020, at a projected CAGR of 4%.
These positive trends can primarily be attributed to
- An increasing elderly population in Israel, leading to increases in disease incidence and prevalence as well as higher need for long-term care and medical devices
- Increasing awareness in the medical community and the general population regarding early disease detection and diagnosis, leading to higher rates of adoption of treatments and healthcare
Key Topics Covered:
1 Tables & Figures
3 Overview of the Pharmaceutical and Medical Device Markets
4 Market Access
5 Country Analysis
6 Opportunities and Challenges
For more information about this report visit http://www.researchandmarkets.com/research/q8vp38/countryfocus