According to Health Care Industry Analysis, Philippines
healthcare sector is witnessing growth and adjustment as the government
is aiming to provide universal healthcare in the public and the private health
sectors. Most of the pharmaceutical companies are also modifying their systems
according to the governmental, regulatory and public awareness. Filipinos’
healthcare has witnessed a dramatic improvement over the years in many
categories such as infant mortality, communicable diseases falling and life
expectancy cases. Maternal mortality is still at a high rate due to incidents
such as tuberculosis. Earlier tuberculosis cases were high and there was a threat
of multiple-drug-resistant. Philippines healthcare sector along with the
government has focused on maternal, neonatal, child health programs and
tuberculosis. Over the past 50 years, incidents of non-communicable diseases
(NCDs) have steadily increased and rate of communicable diseases has fallen.
All the prevailing communicable diseases in Philippines accounts for the causes
of morbidity, while non-communicable diseases are leading causes of mortality.
Philippines has very limited medical
resources and is focusing on improving to provide universal healthcare, poverty
reduction and sustainable medical education over the next few years.
Philippines possesses a dominant and large private healthcare sector compared
to the public healthcare sector. Despite the governments’ effort to reform the
healthcare regulations, financial conditions and inequalities in the country,
the healthcare sector is highly fragmented and less quality services. The
government has provided access to quality medicines because it is a fundamental
human right to health and has established five foundations for the use and
manufacture of pharmaceuticals in the Philippines. These medicines are safety,
efficacy and quality; affordable and available; used as rational drug;
accountability and good governance; and supports healthcare systems.
An
ageing population, urbanisation, and increase in middle class have led to an
increasing demand for quality healthcare services. There is a huge gap in the Philippines' healthcare delivery system and
abundant opportunities are available for domestic and international players to
invest in the country’s healthcare sector. Philippines government has
implemented a policy to protect public health by supplying affordable quality
drugs and medicines to the population. This has encouraged the market for
generic pharmaceuticals and consumers have a choice of drugs to purchase.
Majority of the consumers are opting for generic medicines because they save much
money. Philippines healthcare sector comprises of a huge number of healthcare
workers such as medical professionals, nurses, midwives and medical
technologists. Majority of the healthcare workers are concentrated in the urban
areas compared to the rural areas.
Quality healthcare is an issue at
public healthcare facilities across Philippines. Health
Care Industry Research and Market Reports provides solution of Financial
funding, infrastructure, facilities, technology, patient safety, support
services, and public facilities often struggle to meet the patients demands
compare to the other countries. To overcome these issues almost all the public
healthcare centres are partnered with the private healthcare centres to improve
the medical facilities and conditions in the public health facilities. Public-private
partnerships (PPPs) encourage healthcare developments in terms of technology
transfer, training, funding and optimising operational efficiencies. Medical
tourism in Philippines is still under-marketed and undeveloped. The country is
undeveloped in many sectors such as transport, poor air connections, costly
airfares and poor transport infrastructure which reflect on Philippines health
tourism market.
Universal
health insurance coverage is provided for almost 80% of the citizens in
Philippines. It is single-payer insurance, premium-based and has a universal
coverage. Universal medical insurance coverage needs more attention and government
coordination. To promote medical tourism, the department of health in
Philippines needs to be more dedicated towards the healthcare system within the
country. Philippines population are witnessing a huge financial burden on
healthcare. With the coordination of government and foreign investment, the
healthcare sector can build on its strengths to provide the best healthcare in South-East
Asia.
To know
more, click on the link below:
https://www.kenresearch.com/healthcare/91/All.html
Related
Report:
https://www.kenresearch.com/healthcare/general-healthcare/philippines-hospitals-market-report/105284-91.html
Contact Us:
Ken Research
Ankur Gupta,
Head Marketing & Communications
0124-4230204
