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Philippines Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment

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The report titled “Philippines Medical Devices Outlook to 2025 (Second Edition) - Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment” provides a comprehensive analysis on the Medical Device Market in Philippines. The report covers various aspects including introduction on Medical Device Market, detailed landscape on Dialysis Devices, Diagnostics Devices and Cancer Therapy Equipments, issues and challenges, trends and developments, Value Chain analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview

The Philippines Market Device Industry was valued at PHP ~ million in 2015 and registered a positive growth during the review period of 2015-2020 reaching to a value of PHP ~ in 2020. The market is currently in Growth Stage, with an increase in number of hospitals, high prevalence of chronic diseases, rising instances of heart and kidney failures, expanding elderly population, awareness towards health checkups, incoming of medical tourism and onset of COVID-19 pandemic as some of the key drivers for the market. Medical Device Industry in the Philippines is currently import oriented, especially for highly technological machineries such as Diagnostic Imaging, Cardiac Devices, Respiratory products and others. Current demand reflects healthcare requirements for growing incidence of hypertension, diabetes/kidney diseases, TB/respiratory ailments, cancer, and some incidence of HIV/AIDS.

Philippines Medical Device Market Segmentation

By Type of Medical Devices

Medical Consumables have accounted for the largest revenue share in Philippines Medical Devices market in 2020 followed by Diagnostic Imaging product, Respiratory Products, Hospital Furniture, and Cardiac Devices. Dialysis Machine, Auxiliary devices, Dental and Orthopedic products, Radiology Cancer Treatment Products and Ophthalmic Devices have accounted for the least share in the overall market revenue.

Detailed Landscape on Diagnostic, Dialysis and Cancer Therapy Markets

Diagnostic Medical Device Market

In 2015, it has been witnessed that the diagnostic medical device market in terms of revenue was PHP ~ Million, which later grew at a double digit CAGR during the period 2015–2020 and it reached to PHP ~ Million in 2020. Artificial Intelligence (AI) has pervaded the healthcare space and become the absolute game changers, catalyzing immense developments in diagnostics, detection, management and treatment of ailments. In future, it is anticipated that the overall diagnostic medical device market in terms of revenue will reach to PHP ~ Million, at a positive double digit CAGR during the period 2020 – 2025. The rapid surge in overall revenue generation of industry has been majorly observed due to increase in Remote Diagnostic Solutions along with companies offering affordable, higher quality lab testing and diagnostic devices that can efficiently manoeuvre geographical challenges. Demand for ECGs, CT-Scans, X-ray machines, dialysis machines, and other laboratory instruments will remain high, while dermatology services and clinical aesthetics procedures is also anticipated to grow in the near future.

Dialysis Medical Devices

The prevalence of chronic kidney disease (CKD) in the Philippines has emerged as the 7th leading causes of death. Over the past decade, the number of new cases has increased by about 15% every year; and with uncontrolled diabetes and hypertension as risk factors for kidney disease that could end up requiring a kidney transplant, dialysis is a temporizing measure. In 2015, it has been witnessed that the dialysis medical device market in terms of revenue was PHP ~ Million, which later grew at a double digit CAGR during the period 2015–2020 and it reached to PHP ~ Million in 2020. The companies in the dialysis devices and equipment market are focusing on technological developments to improve the accessibility of the dialysis treatment to patients. Dialysis medical device market is anticipated to grow at a positive double digit CAGR of for the period of 2020-2025F.

Cancer/Radiation Therapy Market

In 2020, around 153,751 new cases of Cancer have been reported in the country, whereas about 92,606 deaths has been recorded in the country due to cancer in the same year. Breast cancer has been ranked 1st in terms of highest number of cancer cases recorded, followed by Lung cancer and Colon cancer. In 2018, it has been witnessed that the cancer/radiation therapy medical device market in terms of revenue was PHP ~ Million, which later grew at a double digit CAGR during the period 2018–2020 and it reached to PHP ~ Million in 2020. Cancer/radiation therapy medical device manufacturers have emerged drastically in the last 3-4 years owing to the rapid increase in the number of cancer patients. The market is currently highly concentrated with the presence of around 2-3 big cancer therapy device manufacturers. Cancer/radiation therapy medical device market is anticipated to grow at a positive double digit CAGR for the period of 2020-2025F. The market’s revenue for the year 2025F is projected to reach PHP ~ Million.

Competition Framework

The competition scenario in the Philippines medical devices market is highly fragmented due to the presence of large number of international companies and local distributors leading to dilution of market share. The international companies including Philips, GE Healthcare, B Braun, Medtronic, BD, Terumo, Fresenius and Siemens distribute their products through authorized distributors located across the country. Medilines, IDS, Zafire, Fernando Medical Enterprise, Health Solution, Lifeline Diagnostics and Patient Care Corporation are the leading medical device distributors in the Philippines. The local companies manufacturing is restricted to production of medical consumables and hospital furniture. The major competitive parameters include product portfolio, price, and distribution network, pricing, after support services and marketing activities.

Future Outlook and Projections

The Philippines Medical Device market is expected to reach to a value of PHP ~ million by 2025. The market will witness a CAGR of ~% during 2020-2025. The market is expected to be import dependent in future as well. In the near future, it is anticipated that the share of distributor in the equipment market will increase and reach to 46.5% by 2025 largely due to better after sale service, liaison with hospitals and offering technical assistance to hospitals and clinics along with the strong local presence in the country. Shift towards usage of more advanced equipment, expansion of private healthcare network, increase in healthcare expenditure and aging population are some of the key factors which will help in the development of Philippines Medical Devices market in future. Prevalence of COVID-19 has also caused a behavioral shift in the way people used to live. Usage of surgical masks, gloves and other related products is now adopted by general public at large. 

Key Segments Covered:

By Mode of Sales

  • Direct Sales
  • Distributor Mediated

By Type of Medical Devices

  • Medical Consumables
  • Diagnostic Imaging Products
  • Dialysis Machine
  • Cardiac Device
  • Respiratory Products
  • Hospital Furniture
  • Auxiliary Devices
  • Dental and Orthopedic Products
  • Ophthalmic Devices
  • Others

By Diagnostics Devices

  • Diagnostics Equipment
  • Diagnostics Consumables

By Diagnostics Equipment

  • X-Ray
  • CT Scan
  • Ultrasound
  • Electrographic Apparatus
  • MRI
  • Others

By Dialysis Devices

  • Dialysis Equipment
  • Dialysis Consumables

By Cancer Therapy Equipment

  • Cancer Therapy Equipment
  • Cancer Therapy Consumables

By End Users

  • Hospitals
  • Clinics and Diagnostic Lab Centers
  • Others (Home Healthcare, Telemedicine Centers)

By Region

  • Luzon
  • Visayas
  • Mindanao

Key Target Audience

  • Hospitals
  • Medical Device Manufacturers
  • Healthcare Research Firms
  • Healthcare Associations
  • Government Bodies
  • Distributors
  • Medical Device Technology Suppliers

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2021-2025

Manufacturers Covered:

  • GE Healthcare
  • Fresenius Philippines
  • Siemens Healthcare
  • Philips Healthcare
  • Medtronic
  • BD Healthcare
  • Terumo Healthcare
  • B Braun Philippines

Distributors Covered:

  • Zuellig Pharma
  • Zafire
  • Medilines
  • Metro Drugs Inc.
  • Health Solution Enterprises
  • Berovan Marketing Inc.
  • Patient Care Corporation
  • RBGM Medical Express Sales Inc.
  • Saviour MedDevices Incorporated
  • Transmedic Group
  • RG Meditron Inc.
  • Carestream
  • Philippine Medical System
  • Aljeron Medical Enterprise
  • Progressive Medical Corporation
  • Fernando Medical Enterprise
  • Medical One
  • IDS Medical System

Key Segments:

  • Comprehensive analysis of Medical Device Market in Philippines
  • Listed major Manufacturers and Distributers
  • Detailed Landscape on Diagnostic Medical Devices Market
  • Detailed Landscape on Dialysis Medical Devices Market
  • Detailed Landscape on Cancer and radiation Therapy  
  • Future Projections by Revenue
  • COVID Impact
  • Value Chain Analysis
  • Government Regulations Supporting the Market
  • Trends and Challenges
READ MORE

Table Of Content

Scope

1. Executive Summary

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Size and Modeling

Consolidated Research Approach

Market Sizing – Medical Devices Market

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Regression Matrix

Final Conclusion

3. Ecosystem of Manufacturers and Distributors in Philippines Medical Devices Market

4. Macro-Economic Variables in Philippines Medical Devices Market

4.1. Macro-Economic Indicators in Philippines, 2015 – 2025

Real and Nominal GDP, 2015 – 2025

Population of Philippines – By Age Group, 2015 – 2025

Life Expectancy (Compared to ASEAN Region), 2020 and 2025F

Population by Income Segment, 2018, 2020 and 2025

Healthcare Expenditure in Philippines, 2015 – 2025F

Healthcare Expenditure Split per Illness, 2014-2020

Top Causes of Mortality in Phillipines

Healthcare Expenditure Per Capita (Compared to ASEAN Region), 2015, 2020 and 2025

5. Healthcare Industry

5.1. Overview and Genesis for Healthcare Industry in Philippines

5.2. Market Segmentation by Healthcare Segments, 2020 and 2025

5.2.1. By Sub Category (healthcare (Pharmaceuticals, Medical Devices, Food Supplements, Hospital Market and Others)

5.3. By Disease, 2020

Disease Prevalance

Cancer Prevalence Cases in Philippines

Hospital Expenditure – Healthcare Category Wise (2014 – 2025)

Hospital Expenditure, 2014 – 2025F

5.4. Market Outlook

Hospital Count (Governmnet and Private), 2015 – 2020 and 2025F

Number of Hospitals By Region, 2015 – 2020 and 2025F

Key Growth Drivers

Key Constraints

6. Industry Analysis

6.1. Trends and Developments

New Healthcare Infrastructure Projects

Impact of COVID-19 on Philippines Medtech Industry

Equipment and Devices for Cancer Centers

Demand For Refurbished/Used Equipment

Equipment Replacement & Enhancement

Current Healthcare Requirement

6.2. Issues and Challenges in Philippines Medical Devices Market

Shortage of Nurses in Hospitals

Income Disparity

Rising Out-of-pocket expenditures

6.3. Regulatory Environment in Philippines Medical Device Market

Medical Device Regulations

General Import Procedures

Certificate of Listing:

Medical Device Import License

Import Documentations

Quality Standards

Government Tenders

Barriers

New Regulations implemented April 1, 2019)

6.4. Porter Five Forces Analysis in Philippines Medical Device Market

7. Value Chain Analysis in Philippines Medical Device Market

7.1. Major Entities Involved in Value Chain

7.2. Major Problems in Value Chain

8. Philippines Medical Device Industry

8.1. Philippines Medical Device Industry Market Size by Revenue, 2015 – 2025

8.2. Market Segmentation

8.2.1. By Type of Medical Devices (Medical Consumables, Diagnostic Imaging, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental And Orthopedic Products, Ophthalmic Devices And Others), 2020 & 2025

8.3. Medical Equipment Market

Competitive Landscape

Medical Equipment Market Size by Revenue, 2015 – 2025

Market Segmentation for Medical Equipment by Direct Sales & Distributor Led, 2020 & 2025

Commentary on Growth Drivers, Trends and Development (Medical Equipments Market)

8.4. Philippines Medical Consumables Market

Competitive Landscape

Medical Consumables Market Size by Revenue, 2015 – 2025

Commentary on Growth Drivers, Trends and Development (Medical Consumables Market)

9. Detailed Landscape on Diagnostic, Dialysis and Cancer Therapy Markets

9.1. Diagnostic Medical Device (Equipment + Consumables) Market

Diagnostic Medical Device (Equipment + Consumables) Market Overview

Uses/Purpose of Diagnostic Medical Devices

Diagnostic Medical Devices Market Size by Revenue, 2015, 2020 – 2025

Diagnostic Medical Devices by Equipment and Consumables, 2015, 2020-2025

Diagnostic Medical Devices by Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electro-diagnostic Apparatus, ECG and Others), 2020 & 2025

Types of Supplies Used in Diagnostic Imaging Procedures

List of Top Five Brands in Diagnostic Imaging Products

Commentary on Drivers/ trends/ Developments (Diagnostic Medical Device)

9.2. Dialysis Medical Device (Equipment + Consumables) Market

Dialysis Medical Device (Equipment + Consumables) Market Overview

Uses/Purpose of Dialysis Medical Devices

Dialysis Medical Device Market Size by Revenue, 2015, 2020 – 2025

Dialysis Medical Devices by Equipment and Consumables, 2020-2025

List of Equipments Required for Dialysis

Types of Supplies Used in Dialysis Procedures

List of Top Five Brands in Dialysis Medical Device

Commentary on Drivers/ trends/ Developments (Dialysis Medical Device)

9.3. Cancer/Radiation Therapy (Equipment + Consumables) Market

Cancer/Radiation Therapy (Equipment + Consumables) Market Overview

Cancer/Radiation Therapy Medical Devices Revenues and Split by Equipment and Consumables Market, 2015, 2020-2025

Uses/Purpose of Cancer/Radiation Therapy Devices

List of Medical Devices (Equipments & Consumables) used in Cancer Therapy

List of Top Brands in Cancer Therapy Devices Market

Commentary on Drivers/ trends/ Developments (Cancer Therapy Medical Device)

10.  Analyst Recommendations

11.  Appendix- List of Recent Tenders for Medical Devices in Philippines

Disclaimer

Contact Us


List Of Figure

Figure 1‑1: The Philippines Population in Million and Growth Rate in Percentage (%), 2015 – 2025F

Figure 1‑2: Life Expectancy Rate in the Philippines with ASEAN Region on the Basis of Years, 2020 and 2025F

Figure 1‑3: The Philippines Nominal GDP in PHP Billion and Growth Rate in Percentage (%), 2015 – 2025F

Figure 1‑4: The Philippines Real GDP in PHP Billion (Constant Price 2018) and Growth Rate in Percentage (%), 2015 – 2025F

Figure 1‑5: The Philippines GDP Split by Economic Sectors (Services, Industry and Agriculture) in Percentage (%), 2020

Figure 1‑6: The Philippines Healthcare Expenditure in PHP Billion and Growth Rate in Percentage (%), 2014 – 2025F

Figure 1‑7: The Philippines Health Expenditure per Capita Compared to ASEAN Region in PHP Thousand, 2015, 2020P and 2025F

Figure 1‑8: The Philippines Healthcare Expenditure on the Basis of Classification of Diseases and Conditions in Percentage (%), 2020P

Figure 1‑9: The Philippines Healthcare Market Segmentation by Sub–Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue Percentage (%), 2020 and 2025F

Figure 1‑10: The Philippines Medical Device Industry Market Size on the Basis of Revenue in PHP Million, 2015, 2020 &2025F

Figure 1‑11: The Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in Percentage (%), 2020

Figure 1‑12: The Philippines Medical Equipment Market Segmentation by Sales Channel (Direct Sales & Distributor Channel) on the Basis of Revenue in Percentage (%), 2020 & 2025F

Figure 1‑13: The Philippines Diagnostic Medical Devices Market Size on the Basis of Revenue in PHP Million, 2015, 2020 & 2025F

Figure 1‑14: The Philippines Dialysis Medical Devices Market Size on the Basis of Revenue in PHP Million, 2015, 2020 & 2025F

Figure 1‑15: The Philippines Cancer/Radiation Therapy Medical Devices Market Size on the Basis of Revenue in PHP Million, 2018, 2020 & 2025F

Figure 4‑1: Philippines Nominal GDP in PHP Billion and Growth Rate in Percentage (%), 2015 – 2025F

Figure 4‑2: Philippines Real GDP in PHP Billion (Constant Price 2018) and Growth Rate in Percentage (%), 2015 – 2025F

Figure 4‑3: Philippines Population in Million and Growth Rate in Percentage (%), 2015 – 2025F

Figure 4‑4: Life Expectancy Rate in Philippines with ASEAN Region on the Basis of Years, 2020 and 2025F

Figure 4‑5: Philippines Healthcare Expenditure in PHP Billion and Growth Rate in Percentage (%), 2014 – 2025F

Figure 4‑6: Philippines Health Expenditure per Capita Compared to ASEAN Region in PHP Thousand, 2015, 2020P and 2025F

Figure 5‑1: Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue in Percentage (%), 2020 and 2025F

Figure 5‑2: Philippines Cancer New Cases on the Basis of Type of Cancer in Males (All Ages) in Numbers and in Percentage (%), 2020

Figure 5‑3: Philippines Cancer New Cases on the Basis of Type of Cancer in Females (All Ages) in Numbers and in Percentage (%), 2020

Figure 5‑4: Philippines Hospital Expenditure in PHP Billion, 2014 – 2025F

Figure 6‑1: Porter's Five Forces Analysis for Philippines Medical Device Market

Figure 7‑1: Value Chain Analysis of Philippines Medical Device Market

Figure 8‑1: Philippines Medical Device Industry Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Figure 8‑2: Philippines Medical Equipment Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Figure 8‑3: Philippines Medical Equipment Market Segmentation by Mode of Selling (Direct Sales & Distributor Led) on the basis of Revenue in Percentage (%), 2020 & 2025F

Figure 8‑4: Philippines Medical Consumables Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Figure 9‑1: Philippines Diagnostic Medical Devices Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015, 2020 – 2025

Figure 9‑2: Philippines Diagnostic Medical Devices Market Segmentation by Diagnostic Equipment & Diagnostic Consumables on the Basis of Revenue in Percentage (%), 2015, 2020-2025

Figure 9‑3: Philippines Diagnostic Medical Equipment Market Segmentation by Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electro-diagnostic Apparatus, ECG and Others) on the Basis of Revenue in Percentage (%), 2020 & 2025

Figure 9‑4: Philippines Dialysis Medical Devices Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015, 2020 – 2025

Figure 9‑5: Philippines Dialysis Medical Devices Market Segmentation by Dialysis Consumables & Dialysis Equipment on the Basis of Revenue in Percentage (%), 2020-2025

Figure 9‑6: Philippines Cancer/Radiation Therapy Medical Devices Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2018-2020–2025

Figure 9‑7: Philippines Cancer/Radiation Therapy Medical Devices Market Segmentation by Equipment & Consumables on the Basis of Revenue in Percentage (%) 2018, 2020–2025


List Of Table

Table 1‑1: The Philippines Health Expenditure by Health Care Financing Scheme in PHP Million, 2014-2019

Table 1‑2: The Philippines Hospitals Breakdown on the Basis of Type of Hospitals (Level 1, Level 2, Level 3, Infirmary, and Others) in Number of Units, as of 31st December 2020

Table 1‑3: The Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue in PHP Billion and CAGR in Percentage (%), 2020 and 2025F

Table 1‑4: Cross Comparison of Number of Cases per Disease, Disease Prevalence Rate per Hundred Thousand Populations in the Philippines, Products/Techniques Used to Diagnose Disease, 2020

Table 2‑1: Type of Medical Devices in Philippines Medical Device Market

Table 2‑2: Correlation Matrix for Philippines Medical Device Market

Table 2‑3: Regression Coefficients Output for Philippines Medical Devices Market

Table 3‑1: Philippines Medical Device Ecosystem of Leading Manufacturers and Distributors

Table 4‑1: Philippines Macroeconomic Indicators including Country’s Geographic Overview, Country’s Overview, Economic Overview, Impact of Covid-19 on Country’s Economy and Country’s Healthcare Overview

Table 4‑2: Philippines Nominal GDP Split on the Basis of Region (National Capital Region, CALABARZON, Central Luzon, Central Visayas, Davao Region, and others) in PHP Billion, 2015 - 2020

Table 4‑3: Philippines Real GDP on the Basis of Region (National Capital Region, CALABARZON, Central Luzon, Central Visayas, Davao Region, and others) in PHP Billion, 2015 - 2020

Table 4‑4: Philippines Population on the Basis of Age (0-4 Years, 5-9 Years, 10 – 14 Years, 20 – 24 Years, and Others) in Million, 2015 – 2025F

Table 4‑5: Philippines Population on the Basis of Age (0-4 Years, 5-9 Years, 10 – 14 Years, 20 – 24 Years, and Others) in Percentage (%), 2015 – 2025F

Table 4‑6: Cross Comparison of Population by Income Segment on the Basis of Definition, Range of Monthly Family Income, Number of Households in Million, Number of Population in Million, 2018 and 2020

Table 4‑7: Philippines Healthcare Expenditure on the Basis of Classification of Diseases and Conditions in PHP Million, 2014 – 2020P

Table 4‑8: Philippines Cause of Death (Mortality) on the Basis of Type of Diseases in Numbers, 2015 – 2020P

Table 4‑9: Philippines Healthcare Expenditure on the Basis of Gender (Male and Female) and Age Group (less the 1 year old, 1-4 years, 5 – 9 years and others) in PHP Million, 2014 – 2019

Table 4‑10: Philippines Healthcare Expenditure on the Basis of Income Quintile (First Quintile, Second Quintile, Third Quintile, Fourth Quintile and Fifth Quintile) in PHP Million, 2014 – 2019

Table 4‑11: Philippines Healthcare Expenditure on the Basis of Region (Metro Manila, Cordillera, Ilocos, Cagayan, Central Luzon, CALABARZON, MIMAROPA, Bicol, Western Visayas, and others) in PHP Million, 2014 – 2019

Table 5‑1: Introduction for Philippines Healthcare Market including Market Overview and Genesis

Table 5‑2: Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue, 2020 and 2025

Table 5‑3: Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue in PHP Billion and CAGR in Percentage (%), 2020 and 2025F

Table 5‑4: Cross Comparison of Number of Cases per Disease, Disease Prevalence Rate per Hundred Thousand Populations in Philippines, Products/Techniques Used to Diagnose Disease, 2020

Table 5‑5: Philippines Incidence, Mortality and Prevalence by Cancer Site on the Basis of New Cases, Deaths and 5-Year Prevalence (All Ages) in Number and Percentage (%), 2020

Table 5‑6: Philippines Hospital Expenditure on the Basis of Healthcare Category (General Hospital, Mental Health Hospital, Specialized Hospital, and Unspecified Hospital) in PHP Million, 2014 – 2020P

Table 5‑7: Philippines Hospital Expenditure on the Basis of Healthcare Category (General Hospital, Mental Health Hospital, Specialized Hospital, and Unspecified Hospital) in PHP Million, 2020P – 2025F

Table 5‑8: Philippines Hospitals Breakdown on the Basis of Type of Hospitals (Level 1, Level 2, Level 3, Infirmary, and Others) in Numbers, as of 31st December 2020

Table 5‑9: Philippines Hospitals Breakdown on the Basis of Region in Numbers, 2015, as of June’21, and 2025F

Table 5‑10: Philippines Healthcare Industry Key Growth Drivers

Table 5‑11: Comparison of Most Prevalent Medical Procedures in Various Countries on the Basis of Price in USD, 2020

Table 5‑12: Philippines Healthcare Industry Key Constraints

Table 6‑1: Classification of Medical Devices by Risk Category on the Basis of Risk Level (Low, Medium and High) and Devices Examples

Table 6‑2: Registration Fees for Philippines Medical Device on the basis of Classification Type, Risk Level, Review Time, Application Fee, Evaluation Fee and Annual Retention Fee, 2019

Table 6‑3: Porter's Five Forces Analysis on Philippines Medical Device Market

Table 7‑1: Philippines Distributor Gross Margin on the Basis of Product Wise (Medical Consumables, Diagnostic Imaging Products, Cardiac Device, Respiratory Products, Dental and Orthopedic Products, Furniture and Rental) in Percentage (%), 2020

Table 7‑2: Philippines Medical Device Market Value Chain Challenges and Remarks

Table 8‑1: Philippines Medical Device Industry Market Size and Description on the Basis of Revenues, 2015 – 2025 of the on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Table 8‑2: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others), on the Basis of Revenue in PHP Million, 2020 & 2025

Table 8‑3: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in PHP Million and CAGR in Percentage (%), 2020 & 2025F

Table 8‑4: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Procurement, Margins, Major Sales Channel, Best Selling Medical Device, Major Companies and Major End Users

Table 8‑5: Competition Scenario in Philippines Medical Equipment Market Including the Competition Stage, Major Players and Competitive Parameters

Table 8‑6: Ranking of Top Medical Device Distributors in Philippines on the basis of Revenues in PHP Million, 2020

Table 8‑7: Philippines Medical Equipment Market Size and Description on the Basis of Revenues, 2015 - 2025

Table 8‑8: Philippines Medical Equipment Market Segmentation by Mode of Selling (Direct Sales & Distributor Led) on the basis of Revenue in PHP Million and CAGR in Percentage (%), 2020 & 2025

Table 8‑9: Competition Scenario in Philippines Medical Consumables Market Including the Competition Stage, Major Players and Competitive Parameters

Table 9‑1: Philippines Diagnostic Medical Device Market Overview and Genesis Including Introduction, Current Market Size & CAGR, New Technologies & Devices and Future Market Size & CAGR

Table 9‑2: Philippines Diagnostic Medical Devices Market Size and Description on the Basis of Revenues, 2015, 2020 – 2025

Table 9‑3: Philippines Diagnostic Medical Devices Market Segmentation by Diagnostic Equipment & Diagnostic Consumables on the Basis of Revenue in PHP Million, 2015, 2020-2025

Table 9‑4: Philippines Diagnostic Medical Equipment Market Segmentation by Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electro-diagnostic Apparatus, ECG and Others) on the Basis of Revenue in PHP Mn, 2020 & 2025

Table 9‑5: Philippines Dialysis Medical Device Market Overview and Genesis Including Introduction, Current Market Size & CAGR, New Technologies & Devices and Future Market Size & CAGR

Table 9‑6: Philippines Dialysis Medical Devices Market Size and Description on the Basis of Revenues, 2015, 2020 – 2025

Table 9‑7: Philippines Dialysis Medical Devices Market Segmentation by Dialysis Consumables & Dialysis Equipment on the Basis of Revenue in PHP Million, 2015, 2020-2025

Table 9‑8: Philippines Cancer/Radiation Therapy Market Overview and Genesis Including Introduction, Current Market Size & CAGR, Nature of Competition, New Technologies & Future Market Size

Table 9‑9: Philippines Cancer/Radiation Therapy Medical Devices Market Segmentation by Equipment & Consumables on the Basis of Revenue in PHP Million, 2018, 2020–2025

Table 9‑10: Priority Medical Devices required to perform the Following Health Interventions:

Table 9‑11: General Medical Devices (Medical Equipment & Medical Consumables) for External Radiotherapy & Brachytherapy

Table 10‑1: Recommendations for Philippines Medical Device Market Including Rationale and Implementation

Table 11‑1: Recent Public Tenders for Medical Equipment and Devices in Philippines Medical Device Market, August 2021

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Products and Companies

Products

Key Segments Covered:

By Mode of Sales

  • Direct Sales
  • Distributor Mediated

By Type of Medical Devices

  • Medical Consumables
  • Diagnostic Imaging Products
  • Dialysis Machine
  • Cardiac Device
  • Respiratory Products
  • Hospital Furniture
  • Auxiliary Devices
  • Dental and Orthopedic Products
  • Ophthalmic Devices
  • Others

By Diagnostics Devices

  • Diagnostics Equipment
  • Diagnostics Consumables

By Diagnostics Equipment

  • X-Ray
  • CT Scan
  • Ultrasound
  • Electrographic Apparatus
  • MRI
  • Others

By Dialysis Devices

  • Dialysis Equipment
  • Dialysis Consumables

By Cancer Therapy Equipment

  • Cancer Therapy Equipment
  • Cancer Therapy Consumables

By End Users

  • Hospitals
  • Clinics and Diagnostic Lab Centers
  • Others (Home Healthcare, Telemedicine Centers)

By Region

  • Luzon
  • Visayas
  • Mindanao

Key Target Audience

  • Hospitals
  • Medical Device Manufacturers
  • Healthcare Research Firms
  • Healthcare Associations
  • Government Bodies
  • Distributors
  • Medical Device Technology Suppliers

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2021-2025


Companies

Manufacturers Covered:

  • GE Healthcare
  • Fresenius Philippines
  • Siemens Healthcare
  • Philips Healthcare
  • Medtronic
  • BD Healthcare
  • Terumo Healthcare
  • B Braun Philippines

Distributors Covered:

  • Zuellig Pharma
  • Zafire
  • Medilines
  • Metro Drugs Inc.
  • Health Solution Enterprises
  • Berovan Marketing Inc.
  • Patient Care Corporation
  • RBGM Medical Express Sales Inc.
  • Saviour MedDevices Incorporated
  • Transmedic Group
  • RG Meditron Inc.
  • Carestream
  • Philippine Medical System
  • Aljeron Medical Enterprise
  • Progressive Medical Corporation
  • Fernando Medical Enterprise
  • Medical One
  • IDS Medical System

Company Profile

Company Profile Title

The report titled “Philippines Medical Devices Outlook to 2025 (Second Edition) - Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment” provides a comprehensive analysis on the Medical Device Market in Philippines. The report covers various aspects including introduction on Medical Device Market, detailed landscape on Dialysis Devices, Diagnostics Devices and Cancer Therapy Equipments, issues and challenges, trends and developments, Value Chain analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview

The Philippines Market Device Industry was valued at PHP ~ million in 2015 and registered a positive growth during the review period of 2015-2020 reaching to a value of PHP ~ in 2020. The market is currently in Growth Stage, with an increase in number of hospitals, high prevalence of chronic diseases, rising instances of heart and kidney failures, expanding elderly population, awareness towards health checkups, incoming of medical tourism and onset of COVID-19 pandemic as some of the key drivers for the market. Medical Device Industry in the Philippines is currently import oriented, especially for highly technological machineries such as Diagnostic Imaging, Cardiac Devices, Respiratory products and others. Current demand reflects healthcare requirements for growing incidence of hypertension, diabetes/kidney diseases, TB/respiratory ailments, cancer, and some incidence of HIV/AIDS.

Philippines Medical Device Market Segmentation

By Type of Medical Devices

Medical Consumables have accounted for the largest revenue share in Philippines Medical Devices market in 2020 followed by Diagnostic Imaging product, Respiratory Products, Hospital Furniture, and Cardiac Devices. Dialysis Machine, Auxiliary devices, Dental and Orthopedic products, Radiology Cancer Treatment Products and Ophthalmic Devices have accounted for the least share in the overall market revenue.

Detailed Landscape on Diagnostic, Dialysis and Cancer Therapy Markets

Diagnostic Medical Device Market

In 2015, it has been witnessed that the diagnostic medical device market in terms of revenue was PHP ~ Million, which later grew at a double digit CAGR during the period 2015–2020 and it reached to PHP ~ Million in 2020. Artificial Intelligence (AI) has pervaded the healthcare space and become the absolute game changers, catalyzing immense developments in diagnostics, detection, management and treatment of ailments. In future, it is anticipated that the overall diagnostic medical device market in terms of revenue will reach to PHP ~ Million, at a positive double digit CAGR during the period 2020 – 2025. The rapid surge in overall revenue generation of industry has been majorly observed due to increase in Remote Diagnostic Solutions along with companies offering affordable, higher quality lab testing and diagnostic devices that can efficiently manoeuvre geographical challenges. Demand for ECGs, CT-Scans, X-ray machines, dialysis machines, and other laboratory instruments will remain high, while dermatology services and clinical aesthetics procedures is also anticipated to grow in the near future.

Dialysis Medical Devices

The prevalence of chronic kidney disease (CKD) in the Philippines has emerged as the 7th leading causes of death. Over the past decade, the number of new cases has increased by about 15% every year; and with uncontrolled diabetes and hypertension as risk factors for kidney disease that could end up requiring a kidney transplant, dialysis is a temporizing measure. In 2015, it has been witnessed that the dialysis medical device market in terms of revenue was PHP ~ Million, which later grew at a double digit CAGR during the period 2015–2020 and it reached to PHP ~ Million in 2020. The companies in the dialysis devices and equipment market are focusing on technological developments to improve the accessibility of the dialysis treatment to patients. Dialysis medical device market is anticipated to grow at a positive double digit CAGR of for the period of 2020-2025F.

Cancer/Radiation Therapy Market

In 2020, around 153,751 new cases of Cancer have been reported in the country, whereas about 92,606 deaths has been recorded in the country due to cancer in the same year. Breast cancer has been ranked 1st in terms of highest number of cancer cases recorded, followed by Lung cancer and Colon cancer. In 2018, it has been witnessed that the cancer/radiation therapy medical device market in terms of revenue was PHP ~ Million, which later grew at a double digit CAGR during the period 2018–2020 and it reached to PHP ~ Million in 2020. Cancer/radiation therapy medical device manufacturers have emerged drastically in the last 3-4 years owing to the rapid increase in the number of cancer patients. The market is currently highly concentrated with the presence of around 2-3 big cancer therapy device manufacturers. Cancer/radiation therapy medical device market is anticipated to grow at a positive double digit CAGR for the period of 2020-2025F. The market’s revenue for the year 2025F is projected to reach PHP ~ Million.

Competition Framework

The competition scenario in the Philippines medical devices market is highly fragmented due to the presence of large number of international companies and local distributors leading to dilution of market share. The international companies including Philips, GE Healthcare, B Braun, Medtronic, BD, Terumo, Fresenius and Siemens distribute their products through authorized distributors located across the country. Medilines, IDS, Zafire, Fernando Medical Enterprise, Health Solution, Lifeline Diagnostics and Patient Care Corporation are the leading medical device distributors in the Philippines. The local companies manufacturing is restricted to production of medical consumables and hospital furniture. The major competitive parameters include product portfolio, price, and distribution network, pricing, after support services and marketing activities.

Future Outlook and Projections

The Philippines Medical Device market is expected to reach to a value of PHP ~ million by 2025. The market will witness a CAGR of ~% during 2020-2025. The market is expected to be import dependent in future as well. In the near future, it is anticipated that the share of distributor in the equipment market will increase and reach to 46.5% by 2025 largely due to better after sale service, liaison with hospitals and offering technical assistance to hospitals and clinics along with the strong local presence in the country. Shift towards usage of more advanced equipment, expansion of private healthcare network, increase in healthcare expenditure and aging population are some of the key factors which will help in the development of Philippines Medical Devices market in future. Prevalence of COVID-19 has also caused a behavioral shift in the way people used to live. Usage of surgical masks, gloves and other related products is now adopted by general public at large. 

Key Segments Covered:

By Mode of Sales

  • Direct Sales
  • Distributor Mediated

By Type of Medical Devices

  • Medical Consumables
  • Diagnostic Imaging Products
  • Dialysis Machine
  • Cardiac Device
  • Respiratory Products
  • Hospital Furniture
  • Auxiliary Devices
  • Dental and Orthopedic Products
  • Ophthalmic Devices
  • Others

By Diagnostics Devices

  • Diagnostics Equipment
  • Diagnostics Consumables

By Diagnostics Equipment

  • X-Ray
  • CT Scan
  • Ultrasound
  • Electrographic Apparatus
  • MRI
  • Others

By Dialysis Devices

  • Dialysis Equipment
  • Dialysis Consumables

By Cancer Therapy Equipment

  • Cancer Therapy Equipment
  • Cancer Therapy Consumables

By End Users

  • Hospitals
  • Clinics and Diagnostic Lab Centers
  • Others (Home Healthcare, Telemedicine Centers)

By Region

  • Luzon
  • Visayas
  • Mindanao

Key Target Audience

  • Hospitals
  • Medical Device Manufacturers
  • Healthcare Research Firms
  • Healthcare Associations
  • Government Bodies
  • Distributors
  • Medical Device Technology Suppliers

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2021-2025

Manufacturers Covered:

  • GE Healthcare
  • Fresenius Philippines
  • Siemens Healthcare
  • Philips Healthcare
  • Medtronic
  • BD Healthcare
  • Terumo Healthcare
  • B Braun Philippines

Distributors Covered:

  • Zuellig Pharma
  • Zafire
  • Medilines
  • Metro Drugs Inc.
  • Health Solution Enterprises
  • Berovan Marketing Inc.
  • Patient Care Corporation
  • RBGM Medical Express Sales Inc.
  • Saviour MedDevices Incorporated
  • Transmedic Group
  • RG Meditron Inc.
  • Carestream
  • Philippine Medical System
  • Aljeron Medical Enterprise
  • Progressive Medical Corporation
  • Fernando Medical Enterprise
  • Medical One
  • IDS Medical System

Key Segments:

  • Comprehensive analysis of Medical Device Market in Philippines
  • Listed major Manufacturers and Distributers
  • Detailed Landscape on Diagnostic Medical Devices Market
  • Detailed Landscape on Dialysis Medical Devices Market
  • Detailed Landscape on Cancer and radiation Therapy  
  • Future Projections by Revenue
  • COVID Impact
  • Value Chain Analysis
  • Government Regulations Supporting the Market
  • Trends and Challenges
READ MORE

Scope

1. Executive Summary

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Size and Modeling

Consolidated Research Approach

Market Sizing – Medical Devices Market

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Regression Matrix

Final Conclusion

3. Ecosystem of Manufacturers and Distributors in Philippines Medical Devices Market

4. Macro-Economic Variables in Philippines Medical Devices Market

4.1. Macro-Economic Indicators in Philippines, 2015 – 2025

Real and Nominal GDP, 2015 – 2025

Population of Philippines – By Age Group, 2015 – 2025

Life Expectancy (Compared to ASEAN Region), 2020 and 2025F

Population by Income Segment, 2018, 2020 and 2025

Healthcare Expenditure in Philippines, 2015 – 2025F

Healthcare Expenditure Split per Illness, 2014-2020

Top Causes of Mortality in Phillipines

Healthcare Expenditure Per Capita (Compared to ASEAN Region), 2015, 2020 and 2025

5. Healthcare Industry

5.1. Overview and Genesis for Healthcare Industry in Philippines

5.2. Market Segmentation by Healthcare Segments, 2020 and 2025

5.2.1. By Sub Category (healthcare (Pharmaceuticals, Medical Devices, Food Supplements, Hospital Market and Others)

5.3. By Disease, 2020

Disease Prevalance

Cancer Prevalence Cases in Philippines

Hospital Expenditure – Healthcare Category Wise (2014 – 2025)

Hospital Expenditure, 2014 – 2025F

5.4. Market Outlook

Hospital Count (Governmnet and Private), 2015 – 2020 and 2025F

Number of Hospitals By Region, 2015 – 2020 and 2025F

Key Growth Drivers

Key Constraints

6. Industry Analysis

6.1. Trends and Developments

New Healthcare Infrastructure Projects

Impact of COVID-19 on Philippines Medtech Industry

Equipment and Devices for Cancer Centers

Demand For Refurbished/Used Equipment

Equipment Replacement & Enhancement

Current Healthcare Requirement

6.2. Issues and Challenges in Philippines Medical Devices Market

Shortage of Nurses in Hospitals

Income Disparity

Rising Out-of-pocket expenditures

6.3. Regulatory Environment in Philippines Medical Device Market

Medical Device Regulations

General Import Procedures

Certificate of Listing:

Medical Device Import License

Import Documentations

Quality Standards

Government Tenders

Barriers

New Regulations implemented April 1, 2019)

6.4. Porter Five Forces Analysis in Philippines Medical Device Market

7. Value Chain Analysis in Philippines Medical Device Market

7.1. Major Entities Involved in Value Chain

7.2. Major Problems in Value Chain

8. Philippines Medical Device Industry

8.1. Philippines Medical Device Industry Market Size by Revenue, 2015 – 2025

8.2. Market Segmentation

8.2.1. By Type of Medical Devices (Medical Consumables, Diagnostic Imaging, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental And Orthopedic Products, Ophthalmic Devices And Others), 2020 & 2025

8.3. Medical Equipment Market

Competitive Landscape

Medical Equipment Market Size by Revenue, 2015 – 2025

Market Segmentation for Medical Equipment by Direct Sales & Distributor Led, 2020 & 2025

Commentary on Growth Drivers, Trends and Development (Medical Equipments Market)

8.4. Philippines Medical Consumables Market

Competitive Landscape

Medical Consumables Market Size by Revenue, 2015 – 2025

Commentary on Growth Drivers, Trends and Development (Medical Consumables Market)

9. Detailed Landscape on Diagnostic, Dialysis and Cancer Therapy Markets

9.1. Diagnostic Medical Device (Equipment + Consumables) Market

Diagnostic Medical Device (Equipment + Consumables) Market Overview

Uses/Purpose of Diagnostic Medical Devices

Diagnostic Medical Devices Market Size by Revenue, 2015, 2020 – 2025

Diagnostic Medical Devices by Equipment and Consumables, 2015, 2020-2025

Diagnostic Medical Devices by Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electro-diagnostic Apparatus, ECG and Others), 2020 & 2025

Types of Supplies Used in Diagnostic Imaging Procedures

List of Top Five Brands in Diagnostic Imaging Products

Commentary on Drivers/ trends/ Developments (Diagnostic Medical Device)

9.2. Dialysis Medical Device (Equipment + Consumables) Market

Dialysis Medical Device (Equipment + Consumables) Market Overview

Uses/Purpose of Dialysis Medical Devices

Dialysis Medical Device Market Size by Revenue, 2015, 2020 – 2025

Dialysis Medical Devices by Equipment and Consumables, 2020-2025

List of Equipments Required for Dialysis

Types of Supplies Used in Dialysis Procedures

List of Top Five Brands in Dialysis Medical Device

Commentary on Drivers/ trends/ Developments (Dialysis Medical Device)

9.3. Cancer/Radiation Therapy (Equipment + Consumables) Market

Cancer/Radiation Therapy (Equipment + Consumables) Market Overview

Cancer/Radiation Therapy Medical Devices Revenues and Split by Equipment and Consumables Market, 2015, 2020-2025

Uses/Purpose of Cancer/Radiation Therapy Devices

List of Medical Devices (Equipments & Consumables) used in Cancer Therapy

List of Top Brands in Cancer Therapy Devices Market

Commentary on Drivers/ trends/ Developments (Cancer Therapy Medical Device)

10.  Analyst Recommendations

11.  Appendix- List of Recent Tenders for Medical Devices in Philippines

Disclaimer

Contact Us


List Of Figure

Figure 1‑1: The Philippines Population in Million and Growth Rate in Percentage (%), 2015 – 2025F

Figure 1‑2: Life Expectancy Rate in the Philippines with ASEAN Region on the Basis of Years, 2020 and 2025F

Figure 1‑3: The Philippines Nominal GDP in PHP Billion and Growth Rate in Percentage (%), 2015 – 2025F

Figure 1‑4: The Philippines Real GDP in PHP Billion (Constant Price 2018) and Growth Rate in Percentage (%), 2015 – 2025F

Figure 1‑5: The Philippines GDP Split by Economic Sectors (Services, Industry and Agriculture) in Percentage (%), 2020

Figure 1‑6: The Philippines Healthcare Expenditure in PHP Billion and Growth Rate in Percentage (%), 2014 – 2025F

Figure 1‑7: The Philippines Health Expenditure per Capita Compared to ASEAN Region in PHP Thousand, 2015, 2020P and 2025F

Figure 1‑8: The Philippines Healthcare Expenditure on the Basis of Classification of Diseases and Conditions in Percentage (%), 2020P

Figure 1‑9: The Philippines Healthcare Market Segmentation by Sub–Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue Percentage (%), 2020 and 2025F

Figure 1‑10: The Philippines Medical Device Industry Market Size on the Basis of Revenue in PHP Million, 2015, 2020 &2025F

Figure 1‑11: The Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in Percentage (%), 2020

Figure 1‑12: The Philippines Medical Equipment Market Segmentation by Sales Channel (Direct Sales & Distributor Channel) on the Basis of Revenue in Percentage (%), 2020 & 2025F

Figure 1‑13: The Philippines Diagnostic Medical Devices Market Size on the Basis of Revenue in PHP Million, 2015, 2020 & 2025F

Figure 1‑14: The Philippines Dialysis Medical Devices Market Size on the Basis of Revenue in PHP Million, 2015, 2020 & 2025F

Figure 1‑15: The Philippines Cancer/Radiation Therapy Medical Devices Market Size on the Basis of Revenue in PHP Million, 2018, 2020 & 2025F

Figure 4‑1: Philippines Nominal GDP in PHP Billion and Growth Rate in Percentage (%), 2015 – 2025F

Figure 4‑2: Philippines Real GDP in PHP Billion (Constant Price 2018) and Growth Rate in Percentage (%), 2015 – 2025F

Figure 4‑3: Philippines Population in Million and Growth Rate in Percentage (%), 2015 – 2025F

Figure 4‑4: Life Expectancy Rate in Philippines with ASEAN Region on the Basis of Years, 2020 and 2025F

Figure 4‑5: Philippines Healthcare Expenditure in PHP Billion and Growth Rate in Percentage (%), 2014 – 2025F

Figure 4‑6: Philippines Health Expenditure per Capita Compared to ASEAN Region in PHP Thousand, 2015, 2020P and 2025F

Figure 5‑1: Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue in Percentage (%), 2020 and 2025F

Figure 5‑2: Philippines Cancer New Cases on the Basis of Type of Cancer in Males (All Ages) in Numbers and in Percentage (%), 2020

Figure 5‑3: Philippines Cancer New Cases on the Basis of Type of Cancer in Females (All Ages) in Numbers and in Percentage (%), 2020

Figure 5‑4: Philippines Hospital Expenditure in PHP Billion, 2014 – 2025F

Figure 6‑1: Porter's Five Forces Analysis for Philippines Medical Device Market

Figure 7‑1: Value Chain Analysis of Philippines Medical Device Market

Figure 8‑1: Philippines Medical Device Industry Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Figure 8‑2: Philippines Medical Equipment Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Figure 8‑3: Philippines Medical Equipment Market Segmentation by Mode of Selling (Direct Sales & Distributor Led) on the basis of Revenue in Percentage (%), 2020 & 2025F

Figure 8‑4: Philippines Medical Consumables Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Figure 9‑1: Philippines Diagnostic Medical Devices Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015, 2020 – 2025

Figure 9‑2: Philippines Diagnostic Medical Devices Market Segmentation by Diagnostic Equipment & Diagnostic Consumables on the Basis of Revenue in Percentage (%), 2015, 2020-2025

Figure 9‑3: Philippines Diagnostic Medical Equipment Market Segmentation by Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electro-diagnostic Apparatus, ECG and Others) on the Basis of Revenue in Percentage (%), 2020 & 2025

Figure 9‑4: Philippines Dialysis Medical Devices Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015, 2020 – 2025

Figure 9‑5: Philippines Dialysis Medical Devices Market Segmentation by Dialysis Consumables & Dialysis Equipment on the Basis of Revenue in Percentage (%), 2020-2025

Figure 9‑6: Philippines Cancer/Radiation Therapy Medical Devices Market Size on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2018-2020–2025

Figure 9‑7: Philippines Cancer/Radiation Therapy Medical Devices Market Segmentation by Equipment & Consumables on the Basis of Revenue in Percentage (%) 2018, 2020–2025


List Of Table

Table 1‑1: The Philippines Health Expenditure by Health Care Financing Scheme in PHP Million, 2014-2019

Table 1‑2: The Philippines Hospitals Breakdown on the Basis of Type of Hospitals (Level 1, Level 2, Level 3, Infirmary, and Others) in Number of Units, as of 31st December 2020

Table 1‑3: The Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue in PHP Billion and CAGR in Percentage (%), 2020 and 2025F

Table 1‑4: Cross Comparison of Number of Cases per Disease, Disease Prevalence Rate per Hundred Thousand Populations in the Philippines, Products/Techniques Used to Diagnose Disease, 2020

Table 2‑1: Type of Medical Devices in Philippines Medical Device Market

Table 2‑2: Correlation Matrix for Philippines Medical Device Market

Table 2‑3: Regression Coefficients Output for Philippines Medical Devices Market

Table 3‑1: Philippines Medical Device Ecosystem of Leading Manufacturers and Distributors

Table 4‑1: Philippines Macroeconomic Indicators including Country’s Geographic Overview, Country’s Overview, Economic Overview, Impact of Covid-19 on Country’s Economy and Country’s Healthcare Overview

Table 4‑2: Philippines Nominal GDP Split on the Basis of Region (National Capital Region, CALABARZON, Central Luzon, Central Visayas, Davao Region, and others) in PHP Billion, 2015 - 2020

Table 4‑3: Philippines Real GDP on the Basis of Region (National Capital Region, CALABARZON, Central Luzon, Central Visayas, Davao Region, and others) in PHP Billion, 2015 - 2020

Table 4‑4: Philippines Population on the Basis of Age (0-4 Years, 5-9 Years, 10 – 14 Years, 20 – 24 Years, and Others) in Million, 2015 – 2025F

Table 4‑5: Philippines Population on the Basis of Age (0-4 Years, 5-9 Years, 10 – 14 Years, 20 – 24 Years, and Others) in Percentage (%), 2015 – 2025F

Table 4‑6: Cross Comparison of Population by Income Segment on the Basis of Definition, Range of Monthly Family Income, Number of Households in Million, Number of Population in Million, 2018 and 2020

Table 4‑7: Philippines Healthcare Expenditure on the Basis of Classification of Diseases and Conditions in PHP Million, 2014 – 2020P

Table 4‑8: Philippines Cause of Death (Mortality) on the Basis of Type of Diseases in Numbers, 2015 – 2020P

Table 4‑9: Philippines Healthcare Expenditure on the Basis of Gender (Male and Female) and Age Group (less the 1 year old, 1-4 years, 5 – 9 years and others) in PHP Million, 2014 – 2019

Table 4‑10: Philippines Healthcare Expenditure on the Basis of Income Quintile (First Quintile, Second Quintile, Third Quintile, Fourth Quintile and Fifth Quintile) in PHP Million, 2014 – 2019

Table 4‑11: Philippines Healthcare Expenditure on the Basis of Region (Metro Manila, Cordillera, Ilocos, Cagayan, Central Luzon, CALABARZON, MIMAROPA, Bicol, Western Visayas, and others) in PHP Million, 2014 – 2019

Table 5‑1: Introduction for Philippines Healthcare Market including Market Overview and Genesis

Table 5‑2: Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue, 2020 and 2025

Table 5‑3: Philippines Healthcare Market Segmentation by Sub – Industry (Pharmaceuticals, Health Insurance Premium, Hospital Market, Medical Devices, Vitamin and Dietary Supplements) on the Basis of Revenue in PHP Billion and CAGR in Percentage (%), 2020 and 2025F

Table 5‑4: Cross Comparison of Number of Cases per Disease, Disease Prevalence Rate per Hundred Thousand Populations in Philippines, Products/Techniques Used to Diagnose Disease, 2020

Table 5‑5: Philippines Incidence, Mortality and Prevalence by Cancer Site on the Basis of New Cases, Deaths and 5-Year Prevalence (All Ages) in Number and Percentage (%), 2020

Table 5‑6: Philippines Hospital Expenditure on the Basis of Healthcare Category (General Hospital, Mental Health Hospital, Specialized Hospital, and Unspecified Hospital) in PHP Million, 2014 – 2020P

Table 5‑7: Philippines Hospital Expenditure on the Basis of Healthcare Category (General Hospital, Mental Health Hospital, Specialized Hospital, and Unspecified Hospital) in PHP Million, 2020P – 2025F

Table 5‑8: Philippines Hospitals Breakdown on the Basis of Type of Hospitals (Level 1, Level 2, Level 3, Infirmary, and Others) in Numbers, as of 31st December 2020

Table 5‑9: Philippines Hospitals Breakdown on the Basis of Region in Numbers, 2015, as of June’21, and 2025F

Table 5‑10: Philippines Healthcare Industry Key Growth Drivers

Table 5‑11: Comparison of Most Prevalent Medical Procedures in Various Countries on the Basis of Price in USD, 2020

Table 5‑12: Philippines Healthcare Industry Key Constraints

Table 6‑1: Classification of Medical Devices by Risk Category on the Basis of Risk Level (Low, Medium and High) and Devices Examples

Table 6‑2: Registration Fees for Philippines Medical Device on the basis of Classification Type, Risk Level, Review Time, Application Fee, Evaluation Fee and Annual Retention Fee, 2019

Table 6‑3: Porter's Five Forces Analysis on Philippines Medical Device Market

Table 7‑1: Philippines Distributor Gross Margin on the Basis of Product Wise (Medical Consumables, Diagnostic Imaging Products, Cardiac Device, Respiratory Products, Dental and Orthopedic Products, Furniture and Rental) in Percentage (%), 2020

Table 7‑2: Philippines Medical Device Market Value Chain Challenges and Remarks

Table 8‑1: Philippines Medical Device Industry Market Size and Description on the Basis of Revenues, 2015 – 2025 of the on the Basis of Revenue in PHP Million and Growth Rate in Percentage (%), 2015-2025

Table 8‑2: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others), on the Basis of Revenue in PHP Million, 2020 & 2025

Table 8‑3: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in PHP Million and CAGR in Percentage (%), 2020 & 2025F

Table 8‑4: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Procurement, Margins, Major Sales Channel, Best Selling Medical Device, Major Companies and Major End Users

Table 8‑5: Competition Scenario in Philippines Medical Equipment Market Including the Competition Stage, Major Players and Competitive Parameters

Table 8‑6: Ranking of Top Medical Device Distributors in Philippines on the basis of Revenues in PHP Million, 2020

Table 8‑7: Philippines Medical Equipment Market Size and Description on the Basis of Revenues, 2015 - 2025

Table 8‑8: Philippines Medical Equipment Market Segmentation by Mode of Selling (Direct Sales & Distributor Led) on the basis of Revenue in PHP Million and CAGR in Percentage (%), 2020 & 2025

Table 8‑9: Competition Scenario in Philippines Medical Consumables Market Including the Competition Stage, Major Players and Competitive Parameters

Table 9‑1: Philippines Diagnostic Medical Device Market Overview and Genesis Including Introduction, Current Market Size & CAGR, New Technologies & Devices and Future Market Size & CAGR

Table 9‑2: Philippines Diagnostic Medical Devices Market Size and Description on the Basis of Revenues, 2015, 2020 – 2025

Table 9‑3: Philippines Diagnostic Medical Devices Market Segmentation by Diagnostic Equipment & Diagnostic Consumables on the Basis of Revenue in PHP Million, 2015, 2020-2025

Table 9‑4: Philippines Diagnostic Medical Equipment Market Segmentation by Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electro-diagnostic Apparatus, ECG and Others) on the Basis of Revenue in PHP Mn, 2020 & 2025

Table 9‑5: Philippines Dialysis Medical Device Market Overview and Genesis Including Introduction, Current Market Size & CAGR, New Technologies & Devices and Future Market Size & CAGR

Table 9‑6: Philippines Dialysis Medical Devices Market Size and Description on the Basis of Revenues, 2015, 2020 – 2025

Table 9‑7: Philippines Dialysis Medical Devices Market Segmentation by Dialysis Consumables & Dialysis Equipment on the Basis of Revenue in PHP Million, 2015, 2020-2025

Table 9‑8: Philippines Cancer/Radiation Therapy Market Overview and Genesis Including Introduction, Current Market Size & CAGR, Nature of Competition, New Technologies & Future Market Size

Table 9‑9: Philippines Cancer/Radiation Therapy Medical Devices Market Segmentation by Equipment & Consumables on the Basis of Revenue in PHP Million, 2018, 2020–2025

Table 9‑10: Priority Medical Devices required to perform the Following Health Interventions:

Table 9‑11: General Medical Devices (Medical Equipment & Medical Consumables) for External Radiotherapy & Brachytherapy

Table 10‑1: Recommendations for Philippines Medical Device Market Including Rationale and Implementation

Table 11‑1: Recent Public Tenders for Medical Equipment and Devices in Philippines Medical Device Market, August 2021

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Products

Key Segments Covered:

By Mode of Sales

  • Direct Sales
  • Distributor Mediated

By Type of Medical Devices

  • Medical Consumables
  • Diagnostic Imaging Products
  • Dialysis Machine
  • Cardiac Device
  • Respiratory Products
  • Hospital Furniture
  • Auxiliary Devices
  • Dental and Orthopedic Products
  • Ophthalmic Devices
  • Others

By Diagnostics Devices

  • Diagnostics Equipment
  • Diagnostics Consumables

By Diagnostics Equipment

  • X-Ray
  • CT Scan
  • Ultrasound
  • Electrographic Apparatus
  • MRI
  • Others

By Dialysis Devices

  • Dialysis Equipment
  • Dialysis Consumables

By Cancer Therapy Equipment

  • Cancer Therapy Equipment
  • Cancer Therapy Consumables

By End Users

  • Hospitals
  • Clinics and Diagnostic Lab Centers
  • Others (Home Healthcare, Telemedicine Centers)

By Region

  • Luzon
  • Visayas
  • Mindanao

Key Target Audience

  • Hospitals
  • Medical Device Manufacturers
  • Healthcare Research Firms
  • Healthcare Associations
  • Government Bodies
  • Distributors
  • Medical Device Technology Suppliers

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2021-2025


Companies

Manufacturers Covered:

  • GE Healthcare
  • Fresenius Philippines
  • Siemens Healthcare
  • Philips Healthcare
  • Medtronic
  • BD Healthcare
  • Terumo Healthcare
  • B Braun Philippines

Distributors Covered:

  • Zuellig Pharma
  • Zafire
  • Medilines
  • Metro Drugs Inc.
  • Health Solution Enterprises
  • Berovan Marketing Inc.
  • Patient Care Corporation
  • RBGM Medical Express Sales Inc.
  • Saviour MedDevices Incorporated
  • Transmedic Group
  • RG Meditron Inc.
  • Carestream
  • Philippine Medical System
  • Aljeron Medical Enterprise
  • Progressive Medical Corporation
  • Fernando Medical Enterprise
  • Medical One
  • IDS Medical System