A jump of 12% was witnessed in the Budget Allocation towards infrastructural development in Philippines Medical education Market in 2020.Will the allocation propel growth in the market? :Ken Research

 The government of Philippines plans to improve the healthcare infrastructure by allocating $3.2 billion to the health sector in 2020, an increase of 12% from the budget for 2019, says a report by Ken Research

1.“An overview:” A higher concentration of private medical colleges in Philippines when compared to public colleges.

                

Recent Trends in Philippines Medical Education Market

Philippines has a shortage of medical doctors hence many initiatives are being taken by the government to increase the inclination of the students towards medical education. With regard to the above issue, a significant reduction in the cost of medical education was one of the step taken by the current president of the Philippines, Rodrigo Duterte as well as introduction of new public medical colleges are also being initiated in order to make medical education accessible & feasible for all classes of the society. Currently, the number of private medical colleges is more than the number of public medical colleges which is attracting private investment specifically from more private entities.

2.“A flexible curriculum:” Philippines has been a Great Environment to Accommodate Students especially International Aspirants

                    

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Philippines has shown a very welcoming environment for the foreign students. Clinical practice requires an intensive training program and hence a good communication can be helpful for both the patient and the doctor. Each university can mold it own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Moreover, the issue of poor & underdeveloped healthcare system that was a major issue in the country has been take into consideration with Philippines Health Agenda 2016-22 that includes education for most students in rural areas. All in all, the market holds a flexible environment for international students.

3. The future of Philippines Medical Education holds massive opportunity in terms of profits & broadening of perspective.

                

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The Philippines government has already started taking into consideration the shortfalls in the system & various steps are being taken to make it more student & cost friendly. This can be ascertained by the fact that education budget captured the largest proportion of the 2020 budget, to the tune of PHP 690 Bn. It has been noticed that a whole of society approach is required in order to succeed in the transformative scale up of medical education. Moreover, the healthcare budget also saw a jump of 12% with benefits such as universal health coverage being introduced. All in all, the infrastructural development is expected to be an enabler for the medical education & healthcare system in Philippines.

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The Philippines government allocated PHP 692 Bn towards education sector improvement in 2020. Will the allocation justify the growth? : Ken Research

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The government of Philippines plans to improve the healthcare infrastructure by allocating $3.2 Bn to the health sector in 2020, an increase of 12% from the budget for 2019. 

1. “Private colleges in demand?”: Philippines has 81% Private Medical Colleges although the government is targeting specific regions to increase the vicinity of public colleges.

Healthcare Education scenario in Philippines: Click To Know More

Private medical colleges have been in demand for quite a while now with high concentration in Metro Manila & Visayas regions. One of the major reasons behind the rapid growth of private colleges has been Shortage in the Primary Healthcare workers to population which is 25/10,000. The government on the other hand has been targeting major regions to inculcate public medical colleges as a result of the country suffering major setback in education outcome & healthcare indicators. The current private & public college market share is 81% & 19% with the market share of public colleges expected to increase with time.

2. “High concentration of international aspirants:” Philippines has been a Great Environment to Accommodate Students especially International Aspirants

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Philippines has shown a very welcoming environment for the foreign students. Unlike most European countries cost of living is cheap in Philippines. Hence there is a good influx of foreign students. Most campuses are small and do not provide accommodation, however you can acquire a dorm or an off-campus hostel at very cheap prices. Moreover, each university can mold its own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Moreover, the language barrier is no issue since the country is the largest South East Asian region making it easy for international students. This can be ascertained by the fact that 1 out of 10 doctors in America are medical graduated from Philippines. Furthermore, the country has a 90% literacy rate making it an education centric country.

3. “High Cost:” Private Medical Universities have high Fee Structure Compared to Public Medical Universities

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Colleges such as UV Gullas College of Medicine which offer Pre-Medicine Program (BS Biology) and a 4-year MD charge over PHP 1,000,000 for the 5-year program. A 5-year integrated BS + MD program at the Lady of Fatima University costs over PHP 2,000,000 These represent Private Universities and hence have a higher fee. Public Universities colleges such as the College of Medicine at the Mindanao State University charge over PHP 6,000,000 for the 4-year MD program, excluding the BS program, which foreign students mostly pursue.