The report titled “Philippines
Ophthalmology (Eye Centers, Clinics and Hospital Chains) Market Outlook to 2023
- Investment Potential by Region and by Ailment Type (Cataract Surgery,
Glaucoma Surgery, Refractive Error Surgery, Other Retina Related Surgeries and
Others), Lasik & Aesthetics Centers” provides a comprehensive analysis of Philippines
Ophthalmology Market including market introduction, market ecosystem, revenue
streams, market size and market segmentations. Extensive focus has been placed
in quantifying the market size of this industry by number & revenue generated by eye care consultation and number &
revenue generated by eye care surgeries. The
report covers aspects such as market segmentation by region on the basis of number
of single specialty eye hospitals/clinics, number of consultation, average
consultation fee and revenue from consultation and also by ailment type on the
basis of number of surgeries, fee for surgeries and revenue generated by
surgeries. Competitive landscape of major players including Asian
Eye Institute, American Eye Center, Perfect Sight, Galileo Surgicenter,
Peregrine Eye and Laser Institute, Clinica Tamesis, Larrazabal Eye, Manila
Retina Specialist, Novagen Eye Center, Roque Eye Clinic and Shinagawa Lasik and
Aesthetics have been extensively covered mentioning company overview,
major business strategies, USP, key services offered, recent developments,
revenue and market share and other key operational factors. The report also
covers future industry analysis (by number of consultation, number of
surgeries, revenue from consultation and revenue from surgeries), upcoming
business models, government regulations and analyst recommendations. The report
is useful for existing eye hospitals and clinics, potential entrants, investors
and other stakeholders to align their market centric strategies according to
ongoing and expected trends in the future.
Philippines Ophthalmology Market
Executive Summary
Market Size: Ophthalmology market has
witnessed positive growth in number of consultations, number of surgeries, revenue
from consultation and revenue from surgeries in the past five years due to
increasing old age population, increasing exposure to electronic devices,
increasing diabetic population and increasing air pollution. Many NGOs have
taken up the responsibility of spreading awareness about eye health. Eyes Mo,
Care Mo celebrated Philippines’s first ever National Eye Care Awareness Month
that was dedicated to spread awareness about causes and ways to fight eye
related issues. Major constraints faced by the ophthalmology market have been high
operational cost, difficulty in ease of doing business, complicated government
policies and shortage of ophthalmologist. Philippines Ophthalmology Market is
growing at promising rate currently placed in growth stage. Government’s National Health Insurance
program’s coverage increased from 75% in 2012 to 93% in 2018 and is expected to
increase at a faster rate in future.
By Region (National Capital Region, Calabarzon,
Ilocos Region, Central Visayas, Davao Region, MIMAROPA, Central Luzon, Cagayan
Valley, Western Visayas, Zamboanga Peninsula, Northern Mindanao, Bicol Region,
Caraga Region, SOCCSKSARGEN, Cordillera Administrative Region, Eastern Visayas,
Autonomous Region in Muslim Mindanao): Metro Manila and Calabarzon have been preeminent
regions accounting for the maximum number Single Specialty Eye Hospitals/Clinic
and highest shares in Consultation Revenues. These regions have the highest average
consultation fee in 2018 primarily owing to high cost & standard of living.
These are followed by Ilocos Region, Central Visayas and Davao Region which
account for a meager share in terms of consultation revenue. However,
the situation is likely to change as numbers of clinics in these regions are
expected to grow in the next 5 years. Hence, there is huge scope of future
expansion for industry players in these areas. Difference in average consultation
fees between NCR and Eastern Visayas is of close to PHP 600 per visit.
By Ailment Type (Cataract Surgery, Glaucoma
Surgery, Refractive Error Surgery, Other Retina Related Surgeries and Others): Cataract is the most
demanded surgery in the Ophthalmology sector of Philippines. It contributes
more than 50% to the surgery revenue and majority to consultation revenue in
2018. Expected tailwinds were increase in the number of diabetic patients in
the country, rising air pollution and rapid surge in ageing population in the
country. Increasing exposure to the electronic devices and changing lifestyle
has lead to refractive error being the second most prevalent eye ailment. Retina
related surgeries followed
by Glaucoma have been the third and fourth highest surgery revenue
streams respectively in 2018.
Competitive
Landscape
Competition Scenario: Competition in Philippines Ophthalmology market is highly
fragmented with about 150-200 Single Specialty Eye Hospitals and Clinics providing
eye examinations and various kinds of eye surgeries. In 2018, Galileo
Surgicenter, Asian Eye Institute, American Eye Center, Clinica Tamesis, Perfect
Sight and Roque Eye have been the major players in
terms of consultation revenue. Asian Eye Institute, Novagen Eye Clinic,
Larrazabal Eye, Peregrine Eye and Laser Institute have the maximum number of
branches in Philippines. The
major challenges faced by the hospitals and clinics include infrastructural
limitations, stringent regulations, high operating costs and preference to old
and reputed doctors and clinics.
Future Analysis and Projections: Philippines Ophthalmology Market is expected to witness a
sound growth in terms of number of consultations, number of surgeries,
consultation revenue and surgery revenue registering a CAGR of close to 6%, 6%,
9% and 11% respectively during 2018-2023. Surging unhealthy lifestyle,
expanding geographical presence of eye clinic and hospitals and ophthalmologist
and implementation of Universal Health Care by the government will support the
growth of the market. Increase in eye health awareness would act as a prime
driver in the market.
Key Segments Covered
By Types of Ailments (On the basis of Surgery Fee, Surgery
Revenue and Number of Surgeries)
Cataract
Refractive Error
Glaucoma
Retina Related Diseases
Others
By Regions (On the basis of Average Consultation Fee, Number
of Single Specialty Eye Clinics/Hospitals and Consultation Revenue)
National Capital Region
Calabarzon
Ilocos Region
Central Visayas
Davao Region
MIMAROPA
Central Luzon
Cagayan Valley
Western Visayas
Zamboanga Peninsula
Northern Mindanao
Bicol Region
Caraga Region
SOCCSKSARGEN
Cordillera Administrative Region
Eastern Visayas
Autonomous Region in Muslim Mindanao
Key Target Audience
Single Specialty Hospitals
Multi Specialty Hospitals
Eye Clinics
Ophthalmologist
Medical Devices Companies
Government Organizations
Non-Profit Organizations
Non- Governmental Organizations
Time Period Captured in the
Report:
Financial Year 2013-2018 – Historical Period
Financial Year 2019-2023– Future Forecast
Companies Covered:
Galileo Eye center
Asian Eye Institute
The American Eye centre
Clinica Tamesis Eye Center
Perfect Sight
Roque eye clinic
Manila Retina Specialist
Larrazabal Eye
Novagen Eye Center
Peregrine Eye and Laser Institute
Shinagawa Lasik and Aesthetics
Key Topics Covered in the
Report
Philippines Ophthalmology Market Ecosystem
Philippines Ophthalmology Market Revenue Streams
Philippines Ophthalmology Market Size on the Basis of Number of
Consultations, Number of Surgeries, Consultation Revenue and Surgery Revenue,
2013-2018
Philippines Ophthalmology Market Segmentation by Region (National Capital
Region (NCR), Calabarzon, Ilocos Region, Central Visayas, Davao Region,
MIMAROPA, Central Luzon, Cagayan Valley, Western Visayas, Zamboanga Peninsula,
Northern Mindanao, Bicol Region, Caraga Region, SOCCSKSARGEN, Cordillera
Administrative Region, Eastern Visayas, Autonomous Region in Muslim Mindanao)
Philippines Ophthalmology Market Segmentation by Ailment Type (Cataract
surgery, Glaucoma surgery, Refractive error surgery, other retina related
surgeries and others)
Regulations in Philippines Ophthalmology Market
Competitive Scenario of Philippines Ophthalmology Market
Success Case Studies (Dr Agarwal’s Eye Hospital, Aravind Eye Care, Centre
For Sight and AIER Eye Hospital Group)
Market Share of Major Players in Philippines Ophthalmology Market
Company Profile of Major Players in Philippines Ophthalmology Market
Future Outlook and Projections in Philippines Ophthalmology
Market (2018-2023)
Analyst Recommendations
For more information on the research
report, refer to below link:
Related reports
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
