Demand for Radiography Devices: General radiography devices and aids are in high demand in the Philippines. High incident rates of lung diseases, heart diseases, kidney diseases, hypertension, and other respiratory diseases prompt hospitals to make enhancements for medical equipment, thus, increasing the demand for general radiography devices such as linear accelerators, electro-cardiographs, ultrasonic scanning machines (ultrasound), magnetic resonance imaging, x-ray and radiation equipment, breathing appliances, electrocardiogram equipment, dialysis machines, and computed tomography apparatuses.
Growth in
Demand for Cancer Therapy Equipments: There are
around 24 hospitals under the Department of Health (DoH) that will be upgraded
and turn into regional centers for cancer as mandated by the National
Integrated Cancer Control Act (NICCA), according to Dr. Beverly Lorraine C. Ho,
director for the Disease Prevention and Control Bureau of DoH (as of July
2021). The new centers are expected to have linear accelerators, treatment
planning systems, computerized tomography stimulators and brachytherapy units.
The strategy to establish new centers provides entry opportunities for other
companies with the technological solutions for cancer treatment.
Growth in
Telemedicine Industry of Philippines: There
has been a significant expansion in the telemedicine industry of the
Philippines. National Telehealth Center, led by University of the Philippines
Manila and National Institutes of Health, has played a crucial role by bringing
in modern technological solutions to the rural and urban areas of the country. The
National Telehealth Service Program of the Telehealth Center involves
physicians available in rural or remote areas to connect to tertiary hospitals
of the metro cities via emails and calls for the purpose of tele-consulting.
Moreover, Covid-19 has further led to rapid surge in the usage of application
of Telemedicine.
Analysts at Ken Research in their latest publication “Philippines
Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic
Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis
Equipment” believe
that the medical devices market in Philippines is projected to grow owing to
factors such as increase in equipments demand for devices and centers for
cancer in the country, increase in hospitals and clinics, increase in the
number of deaths and increase in medical tourism. The market is expected to
register a positive CAGR of 11% in terms of revenue during the forecast period
2018-2023E.
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
For More Information, refer to below link:
Philippines
Medical Device Market
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249