Growing Economy Creating Market for Consumer Landing in Philippines: Ken Research

According to the research report “Consumer Lending in the Philippines”, the country’s banking system achieved sufficient wealth, improved asset quality and continued growth in assets, loans and deposit liabilities. These are the major factors that allow the banks to deal with rising credit costs. When the global market was highly volatile, consumer lending in the Philippines was an attractive destination with its strong consistently growing economic and financial systems that operate in a safe and sound approach.

The new government has focussed on tax system and introduced a tax reform program that helped the country’s economic growth with respect to consumer lending. The World Bank signified that the Philippine financial market system will grow rapidly due to its consumer confidence and transparency of building regulations. Philippines robust banking system is crucial in the consumer lending field where it ensures stability and rapid growth in the country’s economy. Thus, the Filipinos are now more confident to take more loans from the retail banks for automobile or domestic purpose.

The rapid growth in Philippine domestic economy has created more jobs which washed out poverty to some extent. The recent economic developments in Philippines was somewhat driven by the presidential elections. The fixed capital investment rose to 25.6%. There were vast opportunities in the field of construction, manufacturing and service sectors. As per the economy growth statistics for the first quarter of 2017, it showed that the primary income for the nation slowed down by 3.9% and the gross national income has risen to 5.9%. The Philippines economy is aiming at a 6.5% to 7.5% GDP for the year 2017.

The services sector is the highest contribution to the growth of the nation’s economy. The industry sector stands second and agriculture sector stands in the third place. The growth contribution was 6.8%, 6.1% and 4.9% respectively. The IPP (Intellectual Property products) are outstanding with the growth contribution of 27.2%. The export and imported goods contributed 22.3% and 20.8% respectively.

The top level market analysis of the Filipino cards and payment sector are as follows:

There is a current and forecast value for any market in the Filipino cards and payment sector that includes credit, debit and charge cards.

Handy details for all the cash transactions, checks and all payment cards.

Payment methods and E-commerce market analysis

Detail study of rules and regulations adopted by various banks applicable for the Filipino cards and payment industry.

Philippines are able to control several emerging trends in the financial sector to speed up its growth and development. The country is potential of its young, growing population and capitalizing on its growing financial service sector to accelerate its structural economic revolution. The private investment helps the young generation to develop appropriate skills to succeed in the energetic financial market.

Key Topics Covered in the Report:

Philippines Financial Sector

Consumer Lending in Philippines

Philippines Financial Sector Growth

Philippines Financial Sector Outlook

Philippines Consumer Lending Sector

Consumer Landing Forecast Philippines

Philippines Banking and Financial Market

Philippines Financial Sector Development

Philippines Consumer Lending Sector Research

To know more about the publication        

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-philippines/100761-93.html

Related reports

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-vietnam/100891-93.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Slow Growth of Charge Cards in Brazil- Ken Research

Charge cards emerged as a slowest growth in Brazil in 2016. Brazilians faced challenges in 2016 due to the country’s economic recession. This factor led to restrict the growth of one of the main drivers of card payment transactions and consumer spending.
With high annual percentage rates for credit cards, the possibility of paying for a purchase in several instalments with no interest charged contributed to Brazilians’ understanding of charge cards and credit cards as a complement to their monthly income. The economic crisis made the consumers think carefully when making a high-priced purchase using credit cards, which helped debit cards increase their share in the total card payment transactions during the recession period.
High interest rates for charge cards and credit cards also contribute to Brazilians considering carefully when using their credit cards. Consumers are using charge cards and credit cards for making larger payments, therefore, debit cards were considered when paying for a lower-priced item.
The digital world in Brazil contributed to the rapid growth of online and mobile channels in the country’s payments industry. Banks and card operators invested more in m-commerce solutions to attract digital consumers. The charge cards market grew at a healthier pace in terms of value and volume upto the year 2014.

Charge card banks implement various marketing strategies and rewards to attract consumers. There was strong competition among banks to encourage card usage and spending. The frequency of charge card use declined during 2012-2014 and this frequency is expected to reduce by 2020.
Card payment transactions are expected to recover starting in 2017. The increase in urbanization may lead to increase in card usage. The total urban population is expected to grow further over the anticipated period.
In 2015 Brazil proved that the credit card sector is not impacted by poor economic conditions as numerous households became cardholders and default rates did not increase.  The below average classes which are new cardholders were an interesting market to target.
The credit card is the preferred means of transaction in Brazil. Brazilians are currently more digitally inclined. The premium card market is increasing in Brazil and the interchange revenue and annual fees are greater for this product and a better market in terms of profit for banks.
The President of Brazil, Michel Temer announced few changes in the credit card payment system. The government has allowed decreased interest rates to be charged in 2017 for the first quarter. The financial institutions can only offer a maximum of 30 days under the revolving payment mechanism and automatically turning the operation into an instalment loan under this scheme.
Topics Covered in The report

• Brazil Cards and payments market
• Brazil Cards and payments industry
• Brazil Cards and Payments market share
• Brazil charge Cards market research
• Brazil charge cards market analysis
• Future Outlook of Charge cards in Brazil
• Cards and Payment industry Brazil
• Alternative payment methods Brazil
• Debit Card industry Brazil
• Brazil Plastic money market research
• Brazil cards and payment market future Outlook
• Forecast Personal Charge Cards Brazil
• Brazil Cards and payments market size
• Brazil Cards and payments market report
• Brazil Cards and payments market trends
• Brazil Personal Charge Cards Transactions

https://www.kenresearch.com/banking-financial-services-and-insurance/banking/charge-cards-brazil/100739-93.html
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Potential in Singapore Financial Sector-Driving Housing Loan Demand: Ken Research

The gloomy headlines concerning the economic position of Singapore in recent years will revolutionize in 2017 which will bring brighter prospects. These positive sentiments are restricted only to few sectors in the economy. Consumer credit maintained positive growth rates and is supported by increase in mortgages and credit card interest payments.

According to research report, “Consumer Lending in Singapore”, consumer lending conditions may tighten further along with efforts to control and risk in the financial systems. Regardless of the depressing economic position in Singapore, consumer lending maintained a positive growth rate in current terms. On a national perspective, there were increase in mortgages and credit card interest payments. Consumer credit lending has a current value growth but the number of incomplete loans saw a slower repayment option and total consumer credit outstanding balance declined.

The new private vehicle registrations increased when the government reduced restrictions on vehicle financing in 2015. This led to a strong growth in consumer auto lending. The year 2016 saw a positive recover in auto lending outstanding balance. However, a strong demand from app-based private rental cars, it slowed down the growth in car loans and consumer auto lending showed signs of slowdown in 2016.

Consumer lending is expected to see minimum value growth in 2016 due to the less positive economic outlook. The real GDP forecasts by analysts was disappointing and rising unemployment rate contributed to the sluggish forecast in consumer lending. The Singaporeans became more risk-adverse and avoided higher interest rates on consumer loans.

Consumer lending by Singapore banks strengthened in February 2017. However, weak lending growth to still haunt Singapore banks in 2017. The consumer lending growth varies between 1% to 2% for the year 2017. Latest banking data confirms that the analysts' negative view on the financial sector shows declining growth to 11% and the asset quality continues to worsen. In general, the loan growth for the year 2018 will very much depend on the job market pickup. Business loans will continue to dip along with the uncertain economic environment.

According to research firm, Ken Research, consumer loan growth was steady, with total lending up 3% from November 2016. Housing and bridging loans increased drastically. Credit card lending increased and car loans dipped. The financial sector has taken a series of specific measures to strengthen financing channels for next-generation Asian growth companies and to build technology infrastructure to drive innovation.

Singapore aspires to be the financing hub for the next-generation companies. These companies range from small start-ups to medium enterprises or early-stage large enterprises and often have a strong focus on innovation or technology.

In the coming years, the financial sector will work with industry players to study successful private market structures and engage potential platform and market operators to unlock capital so that they can go on to start new and innovative businesses.

The government has taken interest in developing Know-Your-Customer (KYC) utility. This is a process by which a financial institution identifies and verifies the credentials of their clients for any type of loan. This is a crucial process for all the financial services industry worldwide. The Singapore government is working closely to study the feasibility of developing an industry KYC utility that perform KYC processes on a centralised basis.

Key Topics Covered in the Report:

Consumer Lending In Singapore

Singapore Consumer Lending Sector

Singapore Financial Sector

Singapore Banking and Financial Market

Consumer Landing Forecast Singapore

Singapore Financial Sector Growth

Singapore Financial Sector Outlook

Singapore Financial Sector Development

Singapore Consumer Lending Sector Research

To know more about the publication    

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-singapore/100760-93.html

Related reports

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-vietnam/100891-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/consumer-lending-us/100890-93.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-124-4230204

Growing Employment Opportunities and Rising Business Activities will Continue to Drive Remittance and Bill Payment Industry in UAE : Ken Research

• Infrastructure developmental activities being undertaken by the government to increase job opportunities in the country.
• Growing number of expatriates in UAE to augment growth in the international outbound remittance market.
• Rising business activities in the field of construction, real estate, information technology and others are anticipated to stimulate growth in the market.
• Increasing consumption of electricity, water, mobile phones and others are expected to stimulate growth in the bill payments market. Growing mobile wallet platform will lead to rise in penetration and user base with some initial customer acquisition cost.

The ever-growing remittance transaction volume in UAE is anticipated to escalate further in the coming years. Owing to the rising number of expatriate population in the country, the remittance outflow from the country is expected to grow manifold in the coming years. On these grounds, there is a growth in the demand for exchange houses in the country. Exchange houses such as Al Ansari Exchange, Al Fardan Exchange and others are in plans to geographically expand within the country. Banks have not been active players in the international remittance market in the past years, but the rising volume of remittance transactions has induced them to turn their attention towards the market in recent years. This trend is anticipated to intensify competition in the international remittance market. Infrastructure developmental projects linked to the World Expo 2020 in Dubai, expansion of airports, the Etihad rail, air and marine transport systems and road networks in the country are expected to increase job opportunities. It is expected to increase the internal migration rate and the inflow of expatriates leading to an increase in both domestic personal remittance and international remittance. Moreover, rising business activities in the non-oil private sector led by new projects, improvement in the economic conditions and the market demand is anticipated to augment the business to business remittances within the country.

The country’s gross domestic electricity consumption will reach 141 terawatt-hours in 2020 from 113 terawatt-hours in 2016. To reduce the consumption rate, the government is constantly increasing the energy prices augmenting the bill payments market. Moreover, the penetration rate of mobile phone and internet is expected to increase further thereby increasing the size of bill payments market
Ken Research in its latest study, UAE Remittance and Bill Payments Market Outlook to 2021, analyzed that the companies can encourage their customers to use digital modes of transfers to reduce the float time. The exchange houses can focus on mobile transfers to withstand the competition in the market. Moreover, the exchange houses and banks can offer door to door facilities, though the cost for the exchange houses may rise, there will be an increase in the number of customers.   
The UAE remittance market is estimated to register a positive CAGR during 2017-2021. Future growth in the expatriate population, rising business activities and infrastructure developmental activities are expected to be key drivers for spiked demand for remittance in the country.
The report provides information on the remittance channel, mode of transfer, type of service, remittance corridor and type of bills dominating the market in terms of transaction volume. It also covers the major players in the market such as UAE Exchange, Al Ansari Exchange, Al Fardan Exchange, Sharaf Exchange, GCC exchange, Trriple and Payfort.
Topics Covered in The Report

• Money Transfer UAE
• Mobile Wallets Users UAE
• Dubai Abu Dhabi Remittance
• Outbound Remittance in UAE
• Banking Channel Money Transfer in UAE
• Exchange House Money Transfer in UAE
• Outbound Money Transfer in UAE
• Inbound Money Transfer in UAE
• Sharaf Exchange Remittance in UAE
• Trriple Money Transfer Volume in UAE
• Cash Transfer Remittance UAE
• Top Recipient of UAE Remittance
• UAE Expat Remittance
• UAE Remittance Statistics
• Remittance Flows from UAE
• Online Payment Market in Dubai

For More Details Visit :  https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/uae-remittance-bill-payment-market/110397-93.html
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Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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UAE Remittance and Bill Payments Market Outlook to 2021- Ken Research

Latest  Ken research Report  on “UAE Remittance and Bill Payments Market Outlook to 2021 – Rising Expatriate Population, Growing Business Activities and Increasing Demand for Utilities to Foster Growth” which provides a comprehensive analysis of remittance and bill payments market in UAE. The report covers market size, segmentation on the basis of remittance channel, mode of transfer, type of service and remittance corridor for international remittance market. For domestic remittance market, it covers market size, segmentation on the basis of remittance channel and type of services. It also includes the bill payments market in the country covering the market size and segmentation by type of bills. The report also covers government regulations in the market, competitive landscape and company profiles for major players in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
The report facilitate the readers with an identification and in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for exchange houses, banks, bill payment portals and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Industry Overview
UAE Remittance market is led by the international remittances and domestic remittances which are represented by the workers remittance outflow, the domestic business to business and personal remittances. During 2011-2016, the international and domestic remittance markets have showcased a remarkable growth at a CAGR of ~%. Market growth can be attributed to factors such as increasing number of expatriates, growing infrastructure and developmental activities, rising business sectors and others related factors. Similarly, there had been a decent growth in the UAE bill payments market displaying a CAGR of ~% during 2011-2016. The amplification exhibited by the market should be owed to rising utility bills due to the rising consumption of energy, water, mobile phones and other utilities.

Market Segmentation of UAE Remittance and Bill Payments Market
International Remittance Market
International remittance market in UAE is segmented on the basis of remittance channel, mode of transfer, remittance corridors and type of services.
In terms of workers remittance outflow, the market is dominated by exchange houses that account for a share of ~% in 2016 followed by banks.
Electronic mode of transfer dominated the market with a share of ~% in 2016 in the workers remittance outflow. It is followed by cash account and money order.
UAE-India represents the major international remittance corridor followed by US, Pakistan, Philippines, UK, Egypt, Bangladesh, Jordan and others.
During 2016, direct credit to bank account and online services dominated the market with a share of ~% in terms of workers remittance outflow followed by cash pick up and prepaid card services.
Domestic Remittance and Bill Payments Market
Domestic remittance market in UAE is segmented on the basis of remittance channel and type of service in terms of transaction volume.
As of 2016, the market is dominated by banks with a share of ~% followed by the non-banking transfer agents.
Direct credit to account and online services are majorly used across the country. It accounts for a share of ~% in the market in 2016 followed by cash pick up and prepaid cards.
Bill payments market is dominated by the electricity bills that held a share of ~% in 2016 followed by water, mobile, broadband and DTH bills.
Competitive Landscape
International remittance market is a highly competitive market. In UAE international remittances are carried out through exchange houses and banks. Exchange houses have the major share in the transfer. There are more than ~ licensed exchange houses with more than ~ branches in the country. There are three major exchange houses that hold more than ~% share in the market. These exchange houses are competing on the basis of number of transactions, volume of transaction, number of branches, services offered and others. The major exchange houses in the country include UAE Exchange, Al Ansari Exchange, Al Fardan Exchange, Sharaf Exchange and others.
Future Potential
The UAE remittance and bill payments market has witnessed a considerable growth in past five years and the market is anticipated to grow at a CAGR of ~% during the forecast period, 2017-2021.             Amplification of the market can be owed to the factors such as rising employment opportunities owing to the infrastructure developmental activities linked to the World Expo 2020 in Dubai, expansion of airports, the Etihad rail, air and marine transport systems and road networks in the country. Rising number of expatriates, internal migration, growing non-oil private sector businesses, rising utility prices and other related factors are set to augment growth in the market during the forecast period.

Key Topics Covered in the Report:

• UAE Remittance and Bill Payments Market Overview and Genesis
• Value Chain Analysis in UAE Remittance Market
• Comparison of Global Remittance and UAE Remittance Market
• UAE International Remittance Market Size
• UAE International Remittance Market Segmentation
• Future Outlook and Projections of UAE International Remittance Market
• UAE Domestic Remittance Market Size
• UAE Domestic Remittance Market Segmentation
• Future Outlook and Projections of UAE Domestic Remittance Market
• UAE Bill Payments Market Size
• UAE Bill Payments Market Segmentation
• Future Outlook and Projections of UAE Bill Payments Market
• Trends and Developments in UAE Remittance and Bill Payments Market
• Issues and Challenges in UAE Remittance and Bill Payments Market
• SWOT Analysis of UAE Remittance and Bill Payments Market
• Competitive Landscape of Major Players in UAE Remittance and Bill Payments Market
• Macroeconomic Factors affecting UAE Remittance and Bill Payments Market

For More details Visit :  https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/uae-remittance-bill-payment-market/110397-93.html
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India Bills Payment Market Outlook to 2020 - Rising Internet Penetration and Advent of Mobile Wallet to Shape Future Growth
Philippines Domestic and International Money Transfer Industry Outlook to 2019 - Driven by Mobile Money and Increase in OFWs
Philippines Pawnshop Market Outlook to 2020 - Convenience with Pawning and Remittance Services to Stimulate Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Distress in France Computers and Peripherals Market- Ken Research

The growth in computer and peripherals is determined by the sale of consumer electronics that include smart phones, 4G, and tablets. The saturation level of these products is incredibly high which are the most technologically advanced in the world. According to market tablet is the only growing sector with an upward trend in the development of connected peripherals. There is also a strong growth in 3D printers where sales are expected to grow rapidly as they become increasingly accessible to consumers.

France is the European hub of investment in computers and peripherals in response to the demand for cloud computing services. The UNIX and RISC/Itanium servers are the most successful servers in the peripherals market. The French server market is specifically mature, but new opportunities servers are anticipated to lead to continued growth. There is also a strong demand for mobile devices that very well-connected with quality speed. The computers or desktop overall market has dropped rapidly due to the other top brands in the market.
“Computers and Peripherals in France” report says, peripheral devices are auxiliary devices such as keyboard, mouse loudspeakers, webcams, graphics cards, digital cameras, microphones, expansion cards, CD-ROM drives, hard drives and tape drives that connect with computer in some way. On a global scale, competition for computer peripherals market has strong competition among many players those are offering various products and services to improve consumer use of computers.
The tablet market growth sustained high volume growth with sharp price fall. Tablets are definitely positioned as a third screen behind computers and smartphones. Majority of the consumers are not affected by the product brand and only the cost matters. The French population prefers 8-inch screens tablets. The most marketed brands are Samsung, Lenovo, FNAC, Parrot, Arches, Asus, Acer and Amazon.
The smartphones cover more than 40 percent of the French population. The market witnessed low cost smartphone and without purchase commitment offers. This sector is however stimulated by the market of “Phablets” or screens over 5 inch with the availability of 4G bandwidth.
The five-year outlook in the computers and peripherals market in France is depressing. The market growth is set to record a decline and has a little room for further growth as smartphones are increasingly close substitutes. Additionally, growing consumption patterns and product convergence are set to favour fewer, but smarter, devices. The global trends in computer and peripherals market is further expected to launch touch screen computers and increasing use of multiple screens.
According to market research firm Ken Research, the global computers and peripherals market is expected to grow rapidly over the next decade. The major trend that the market will witness includes rising market for sustainable printed electronics technology, internet and rising food safety concerns. The market growth is based on technology and the economic growth in the computer and peripherals sector is estimated to be soaring.
Topics covered in the report

• France Computers and peripherals market research
• France information technology market
• Consumer electronics market France
• Computers and Printers market France
• Auxiliary devices market France
• Global computers and peripherals market
• Consumer Electronics in France Grows
• Computers and Printers market share
• Computers and Printers market Trends
• Computers and Printers market growth
• Computers and Printers market future
• Computers and Printers market analysis
• France information technology market Research
• France information technology market future
• France information technology market growth
  Computers and peripherals market share,
  Computers and peripherals market Trends,
  Computers and peripherals market growth,
  Computers and peripherals market  future,

To Know more about the publication, refer to the link below
https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/computers-peripherals-france/100747-95.html
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Development of Theme Park Resorts and Edutainment Centers Coupled with the Introduction of Movie Based Theme Parks to Foster Qatar Theme Park Future Growth: Ken Research

Increasing focus on indoor theme parks and family edutainment centers coupled with the strategic location of theme parks in the country have aided the growth in revenues of Qatar Theme Parks.

The report titled “Qatar Theme Park Market Outlook to 2021 - Development of Theme Park Resorts and Edutainment Centers to Foster Future Growth” by Ken Research suggested a CAGR of 9.1% in terms of revenues by 2021 with major theme parks including Gondolania Theme Park, City Center Theme Park and Circus Land will continue to dominate this space.

Qatar’s economy is primarily dependent on its natural resources of petroleum and natural gas, which accounts for approximately 60% of the country’s GDP. It is estimated that Qatar holds reserves of up to 15 billion barrels of oil and has the world's third largest natural gas reserves. However, Qatar has begun to encourage private investment and diversify into allied sectors including leisure and entertainment due to the rising growth in tourist in the country. A few theme parks including Jungle Zone in Hyatt Plaza have been renovated and re-launched to increase number of theme park visitors, improve safety standards and effectively cater to their desired target audience through technologically advanced rides and attractions. Industry insight has indicated that majority of theme parks operators have developed rides and attractions that cater to children below the age of 18 years. Qatar is following the UAE’s footsteps by introducing indoor theme parks that meet changing customer preferences.

Companies are coming out with unique offerings and new ideas are being implemented within theme parks to increase annual visitors. The latest trend involves setting up spa resorts within amusement and water parks to tap the growing tourism in the country. In addition, companies have also introduced edutainment parks, which provide kids an array of educative activities and attractions coupled with fun and games. Industry insight has indicated that children are more inclined towards themed rides and attractions involving famous cartoon characters and animated movies, while parents have indicated a growing preference towards edutainment theme parks.

Key Topics Covered in the Report:

Best Theme Parks in Doha

Market Size Theme Park

Ride Attractions in Theme Parks

Number of Visitors Theme Park

Indoor Amusement Park in Qatar

Theme Park Construction in Qatar

Market Share Theme Park Players

Family Entertainment Centre in Qatar

For more coverage click on the link below:

https://www.kenresearch.com/media-and-entertainment/gaming-and-gambling/qatar-theme-park-market/110382-94.html

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Ankur Gupta, Head Marketing & Communications

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Philippines Hospitals Market Size on the Basis of Revenue in USD Million- Ken Research

High prevalence of diseases due to growing population is the major factor which is driving the hospitals market in the Philippines. Additionally, rise in per capita healthcare expenditure, infrastructural development in the hospital industry and growing medical tourism in the country are the major factors which are further fuelling the hospitals market in the country. Southern Philippines Medical Center, Philippine Orthopedic Center, Lung Center of the Philippines, Vicente Sotto Memorial Medical Center, Healthcare Expenditure in the Philippines, Medical Tourism Industry of the Philippines,

Philippines hospitals market was inclined to USD ~ million in 2016, which included both government and private hospitals, recording a CAGR of ~% in between 2014 to 2016 with revenues being USD ~ million in 2014. The hospitals market of the Philippines witnessed a growth when the government in November 2014, made it mandatory for all senior citizens to receive Phil Health insurance
This gave more ease to the people who were not financially well-off to undergo expensive surgeries and treatments. Number of patients visiting the hospitals increased with these health insurance benefits where they spent relatively less money on healthcare services, thereby generating revenues for the hospitals. Major private players operating in the market also served as the platform for medical tourism in the country.
The aging population which witnessed a rise in number of people from  ~ million in 2014 to ~ million in 2016 raised the demand for hospitals in the Philippines. With the growth of healthcare sector in the country, new hospitals were established so as to cater the rising demand of the population.
Which Revenue Streams Has Been Observed To Generate Highest Revenue For Hospitals In The Philippines?
Outpatient services dominated the hospitals market with revenue share of ~% in 2016 owing to the increased number of outpatient visits for medical consultations and check-ups by the qualified physicians and surgeons available the hospitals. The numbers of outpatient for almost all hospitals were more than twice the number of inpatients. For instance, Dr Jose N Rodriguez Memorial Hospital witnessed ~ outpatients in 2016, compared to ~ inpatients during the same year.
Services offered by diagnostic laboratories set up in the hospitals are also a considerable source of revenue for the market players. Majorly catering to the diagnostic needs of inpatients with technologically advanced procedures at prices prescribed by the hospitals, this segment adds ~% revenue to the overall revenues generated by the hospitals. Hospital-based pharmacies provide fixed amount or percentage of the revenue to the hospitals as per the conditions of the agreement. The revenue generated from hospital based pharmacies is increasing at a high rate as the patients also purchase
government, business entities, private organizations, PDAF, PSCO and other sources which cater to the funding needs of the hospitals for providing quality healthcare services to the patients in the Philippines. The PCSO donates to hospitals of the Philippines by providing financial assistance for the purchase of medical and surgical supplies, medical equipments and the construction and renovation of devolved and retained hospitals, municipal health centers, day care centers and also to private institutions implementing welfare programs nationwide.
The government of the Philippines has taken steps to increase the penetration of health insurance in the country. The government has made  health insurance scheme of Philippine Health Insurance Corp., PhilHealth mandatory for the population above 60 years of age. National Health Insurance Program (NHIP) administers the medical insurance in the entire country and has made mandatory to provide health insurance to the entire population either under PhilHealth or Private health insurance schemes. PhilHealth further covers the working class of the country wherein both employer and the employee contribute a minimal amount as premium for health insurance benefits of the employees. All these benefits ease the medical expenditure for the people of the Philippines.
The country has also witnessed private players entering the health insurance market and insuring people against healthcare expenditures Aging Population in the Philippines, Prevalence of Diabetes and Obesity in the Philippines, Upcoming Hospitals in the Philippines, Analysis of Major Private Hospitals In the Philippines, Culion Sanitarium and General Hospital Philippines, Veterans Memorial Medical Center Philippines, Philippine Heart Center, High Dependence on Government Hospitals Philippines, Rizal Medical Center Philippines,
Philippines Hospital trends The growing state of medical insurance has been responsible behind more people opting for hospital services even by private players apart from taking up the inexpensive medical services offered by the government hospitals in the Philippines.
The price competitive medical tourism market of the Philippines has witnessed more healthcare services being provided to people in the recent past. Lack of infrastructure made the market underdeveloped which is now positively changing due to skilled physicians, accredited hospitals, english speaking nurses and relatively inexpensive medical facilities of the country which makes it a global hub for medical tourism. Philippines were ranked eighth among the world’s top medical tourism destinations in 2015 and cater to ~ to ~ foreign patients annually.
In order to promote medical tourism of the Philippines, the Department of Health of the government along with Department of Tourism of the Philippines initiated Philippine Medical Tourism Program in 2006 so as to attract foreign patients to the medical services of the country. Government even collaborated with various private medical institutions for the purpose of quality healthcare and safety of international patients. Increasing medical tourism market will consequently impact the hospitals market in a positive manner leading to more number of services being provided to international patients.
Topics Covered in The Report

• Southern Philippines Medical Center
• Philippine Orthopedic Center
• Lung Center of the Philippines
• Vicente Sotto Memorial Medical Center
• Healthcare Expenditure in the Philippines
• Medical Tourism Industry of the Philippines
• Aging Population in the Philippines
• Prevalence of Diabetes and Obesity in the Philippines
• Upcoming Hospitals in the Philippines
• Culion Sanitarium and General Hospital Philippines
• Veterans Memorial Medical Center Philippines
• Philippine Heart Center
• High Dependence on Government Hospitals Philippines
• Rizal Medical Center Philippines
• Philippines Hospital trends
• Health Profile of the Philippines
• Diagnostic Laboratories market Philippines
• Hospital Based Pharmacies Philippines
• Philippines Hospitals Statistics

MoreDetailsVisit : https://www.kenresearch.com/healthcare/general-healthcare/philippines-hospitals-market-report/105284-91.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249