Ken Research announced its latest publication on “
Philippines
Hospitals Market Outlook to 2021 - Rising Prevalence of Diseases
coupled with Increasing Penetration of Health Insurance to Drive the
Market” provides a comprehensive analysis of the hospitals
market in the Philippines. The report includes the cumulative revenue
generated by the market players from hospital services including both
government and private hospitals. The hospitals of the country have been
further explained with details on market share contributed by single
specialty and multi specialty hospitals; primary, secondary and tertiary
hospitals; and by hospitals operating in various regions of the
Philippines. The share by government players has also been provided in
detail to clearly explain the present competition scenario in the
market. The stakeholders of this report include hospitals, companies
involved in research, distribution, and marketing of medical devices
used during hospital activities, and the new entrants and venture
capitalists who wish to invest in hospitals market in future.
Detailed
cost structure of the hospitals is also included in the report to
elucidate expenditure facts about the market in detail. Various
marketing analysis factors such as trends and developments, regulatory
framework and Porter’s five forces analysis are also added in the study
for clear understanding about the factors responsible for present
scenario of the market. The future analysis of the overall Philippines
hospitals market has also been discussed along with recommendations from
analyst view.
Philippines Hospitals Market
Rise in overall
healthcare industry of the Philippines also marked a significant growth
in the hospitals market of the country. A phenomenal increase in
population of the Philippines over the years coupled with the rising
prevalence of infectious diseases in the country acted as a major driver
for the Philippines hospitals market. The Philippines hospitals market
recorded an incline from USD ~million in 2014 to USD ~ million in 2016,
exhibiting growth at a CAGR of ~ in between the years. Increasing
healthcare expenditure, infrastructural development in the hospital
industry, rising investments by private and government players and
escalating medical tourism in the country are other major factors which
have augmented the growth of hospitals market in the Philippines.
Philippines Hospitals Market Segmentation
In
the Philippines hospitals market, private hospitals held ~% revenue
share in 2016. Private hospitals charge higher consultation fee and
prices for imparting healthcare services in comparison to government
hospitals, which helps them in generating more revenues; making this
segment dominate the industry. However, healthcare benefits provided by
the government at concessional prices further limit the revenues earned
by government entities. It has been observed that Philippines based
government hospitals approximately charge one third of the cost charged
by private hospitals in the country.
Multi-specialty hospitals in
the Philippines dominate the market with a revenue share of ~% in 2016,
owing to their advanced consultation benefits from doctors with diverse
specialties. The fact that the investors in the country prefer to invest
on multi-specialty hospitals owing to their benefit of providing
services in multiple specialties in approximately same capital
investment has consequently resulted in more number of multi-specialty
hospitals and high revenue generation from the segment. Single specialty
hospitals on the other hand have a low revenue share in the overall
hospitals market of the country majorly due to the fact that they are
less in number.
Growing at a rapid pace, tertiary hospitals
dominated the market in 2016 with share of ~% in the overall revenues of
the hospitals market in the country. Tertiary hospitals serve as the
basis for growth in medical tourism in the Philippines as international
patients prefer hospitals where they can avail the best in-class health
facilities. Primary hospitals, due to their limited services only in
form of outpatient services or day care surgeries and dental surgeries,
contributed ~% in the revenues of overall hospitals market of the
Philippines in 2016. However, low cost of the consultation and easy
accessibility helped these hospitals in attaining second position in the
market.
Competitive Scenario
Philippine Heart Center
dominated the overall hospital market of the country with the revenue
share of ~% in 2016. The adoption of ‘Clinical Pathways’ , applicable
under the PhilHealth Z-Benefit Program by the hospital, helping over ~
patients with bypass surgeries till 2016 has been the major reason
responsible behind its dominating market position. Southern Philippines
Medical Center followed the Philippine Heart Center in terms of market
share with revenue of USD ~ million in 2016. Competent and advanced
technology available in the Southern Philippines Medical Center makes it
at par with the country’s leading hospitals including Makati Medical
Center and St. Luke’s Medical Center and is thus preferred by the people
of the Philippines. Other potential players operating in the market
include Philippine Orthopedic Center, VSMMC, Rizal Medical Center, Dr.
Jose Fabella Memorial Hospital, Dr. Jose N Rodriguez Memorial Hospital,
National Center for Mental Health, Veterans Memorial Medical Center, and
Culion Sanitarium and General Hospital.
Key Topics Covered in the Report:
The market size of the Philippines Hospitals Market By Revenues and By Number of Hospitals and Number of Beds
Market
segmentation of the Philippines Hospitals Market by Government and
Private Hospitals, by Single-Specialty and Multi-Specialty Hospitals, by
Revenue Streams, by Primary, Secondary and Tertiary Hospitals, by
Region
Porter’s Five Forces Analysis for the Philippines Hospitals Market
Trends and Developments in the Philippines Hospitals Market
Cost Structure in the Philippines Hospitals Market
Competitive landscape and Detailed Hospital Case Studies
Comparative Analysis of Major Private Hospitals in the Philippines
Future Outlook and Projections of the Philippines Hospitals Market
Analyst Recommendations
Macro-economic Factors Impacting the Philippines Hospitals Market
Philippines Healthcare Sector
Philippines Hospital Market
Growing Hospital Sector Philippines
Private Hospitals in the Philippines
Hospital Bed Shortage Philippines
Cebu Hospital Market
Davao Hospital Sector
Funding Donation Hospital Philippines
Regulations Hospital Philippines
Foreign Patients Hospital Philippines
Philippines Hospital Industry
Number of Hospitals in the Philippines
Philippines Hospital Growth
Multi specialty Hospitals in Philippines
Hospitals Case Study Philippines
Competition Hospitals in Philippines
Investment in Hospitals in Philippines
Single Specialty Hospitals in Philippines
Maternity Centers in Philippines
More Details visit :
https://www.kenresearch.com/healthcare/general-healthcare/philippines-hospitals-market-report/105284-91.html
Related Reports:
Contact Us: Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com +91-9015378249
