Philippines Health Tech Market had a slow growth initially. The slow growth corresponded to poor internet penetration and a lack of technology awareness. Unorganized health tech infrastructure and a less tech-savvy population led to the accumulation of unharmonized healthcare data. The government faced a major difficulty when the healthcare challenges kept on increasing with the growing population.
But, the table is turning and the Health tech industry is seen as the big thing in the Philippines. From our exclusive report, we have brought you the key points that show how the Philippines government is continuously working towards the increasing adoption of health tech in the country. Let’s dive in!
1. The Philippines GDP was exponentially increasing till the year 2019 but then due to the pandemic, the GDP shrunk by 9.5%, the Health Tech Market was in profit due to rising investments
2. However, there are still many factors that hinder the growth of the Health Technology sector in Philippines
3. Also, proper implementation of eHealth is a major concern for the Philippines Health Tech Market
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4. Still, Philippines market show a potential to have seamless entry of technology and reach double-digit growth in the future
5. Moreover, Philippines’ government have been proactively updating tech to keep citizens informed, educated, and updated and push the Health Tech market in the country
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Philippines Health Tech Market
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