Philippines Medical Devices Market Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Philippines Medical Devices Market Outlook to 2023 – Surge in Demand for Used/Refurbished Medical Equipments and New Healthcare Infrastructure Projects to Maintain Healthy Growth” provides a comprehensive analysis on the medical devices market in Philippines. The report covers a brief introduction of the medical devices market in the country, value chain analysis of the market, the overall size of the market in terms of revenue; market segmentation on the basis of business activity, mode of sales, type of medical devices, end users and regions; decision making process and pain points encountered by end users in the industry, trends and developments, issues and challenges, porter’s forces analysis, regulatory environment of the industry; competitive landscape including competition stage, competition parameters and company profiles of major players. The report concludes with market projections and analyst recommendations highlighting the major opportunities and cautions for existing players and new entrants in the industry. Philippines Medical Devices Market Overview and Genesis: Philippines Medical Device market is at the growing stage. Philippines Medical Device market in terms of revenue has increased at a positive CAGR during the period 2013-2018. Philippines heavily rely on imports for medical devices and local production is limited to prototype units and disposables such as surgical gloves, syringes, and needles. The market is price-sensitive and major factors impacting demand are population growth, increase in geriatric population, steady economic growth at 6.7% (2017), and hospital expansion and up-gradation. Philippines Medical Device Market Segmentation: By Procurement: Imports have accounted for major revenue share in Philippines Medical Device Market in 2018. The imports are largely related to more sophisticated medical and surgical instruments and infrastructure. Local production is limited to prototype units and disposables such as surgical gloves, syringes, and needles. By Type of Medical Device: Medical Consumables have accounted for the largest revenue share in Philippines Medical Devices market in 2018 followed by Diagnostic Imaging product, Dialysis Machine, Cardiac Devices and Respiratory Products. Hospital Furniture, Auxiliary devices, Dental and Orthopedic Products and Ophthalmic Devices have accounted for the least share in the overall market revenue. Medical consumable products include Syringes, Needles, Catheters, Bandages, Dressing, Suturing Materials and Ostomy products and other consumables. Diagnostic imaging products is increasing due to the increase in the number of hospitals specializing in cancer, cardiology and the increase of non-communicable diseases who demand specialized medical devices in order to provide better quality services. The number of specialized hospitals and clinics increased from 1,829 in 2013 to 1,840 in 2018. By Type of Medical Consumables: Syringes, Needles and Catheters have accounted for the major share of in the Philippines medical consumables market in 2018. Bandages and dressings have accounted for the second largest share followed by suturing materials and ostomy products. By Type of Diagnostic Imaging Product: X-ray Based Products have accounted for the major share followed by Ultrasounds, CT scan and MRI. Electrodiagnostic apparatus and ECG have accounted for least share in the Diagnostic Imaging Product Market in 2018. Medical imaging encompasses different imaging modalities and processes to image the human body for diagnostic and treatment purposes and therefore plays an important role in initiatives to improve public health for all population groups. Furthermore, medical imaging is frequently justified in the follow-up of a disease already diagnosed and/or treated. By Type of Cardiac Device: Angioplasty Device have accounted for the major share of in the Philippines medical consumables market in 2018. CRM Devices such as Cardiac Rhythm Management: ICD, Implants and Pacemaker have accounted for relatively lesser share in the cardiac device market. Cardiac Surgery Devices such as Heart-Lung Machine and Valves have the least contribution to the revenue share. By Type of Respiratory Product: The demand for Therapeutic Appliances is higher than Diagnostic Devices and Monitoring due to which Therapeutic Appliances have accounted for the major share in the Philippines Respiratory Product market in 2018. Growth in sales for this product is mainly attributed to the high prevalence of respiratory diseases such as Chronic Obstructive Pulmonary disorder and sleep apnea. By Type of Auxiliary Product: Increase in hearing loss, rapidly ageing global population and a subsequent increase in the number of people suffering from organ failures represent the key factors driving the artificial organs market and hearing aids devices in the country. Increase in hearing loss is the main reason for the growth of hearing aids devices in the country. The absolute number of people with hearing loss has been steadily increasing during the last decade. In Philippines, the population suffering from hearing loss has risen from 5.5 Million in 2008 to 7 Million in 2018 By End Users: The demand for clinical laboratory and diagnostics equipment has increased due to prevalence of diseases related to circulatory problems, diabetes, infections, parasites, and respiratory problems which drives the growth of Hospitals, Clinics and Diagnostic Lab Centers across the country. Philippine government is focused on improving healthcare access and affordability by expanding Universal Healthcare coverage from 91% to 100% by 2020. This is further supported by increase in number of hospitals. Number of hospitals increased from 1,829 in 2013 to 1,840 in 2018. The majority of the hospitals are located in Metro Manila. By Regions: Metro Manila which includes Central Luzon have accounted for the major share of revenue in the Philippines medical device market in 2018. Elsewhere, many hospitals lack adequate equipment and, therefore, spending in those areas is likely to focus on acquiring basic medical equipment and devices. Almost two thirds of hospital beds are on the island of Luzon, which includes the NCR. There are 23 hospital beds for 10,000 people in the NCR while the rest of Luzon, Visayas and Mindanao have only 8.2, 7.8 and 8.3 beds, respectively. Competitive Landscape: The Philippines medical device market is highly fragmented. GE Healthcare is the market leader and has the highest market share followed by companies such as Fresenius, Siemens and Philips. Major distributors include Zuellig Pharma, Zafire, Metro Drugs Inc. and Health Solution Enterprises. These market players compete on the basis of distribution network, product portfolio, pricing, support services and marketing activities. Future Outlook of Philippines Medical Device Market: Philippines Medical Device market in terms of revenue will increase at a positive CAGR during the period. An aging population coupled with the increase in morbidity and deaths in Filipinos will drive the growth of the medical market. A shift towards more advanced medical equipment in the country, the expansion of private healthcare providers, increased government spending on healthcare and infrastructure development projects will additionally support this high market growth. Key Segments Covered: By Type of Business Activity Imports Domestic Production By Mode of Sales Direct Sales Distributor Mediated By Type of Medical Devices Medical Consumables Diagnostic Imaging Products Dialysis Machine Cardiac Device Respiratory Products Hospital Furniture Auxiliary Devices Dental and Orthopedic Products Ophthalmic Devices By End Users Hospitals Clinics and Diagnostic Lab Centers Others (Home Healthcare, Telemedicine Centers) By Region Luzon Visayas Mindanao Key Target Audience Hospitals Medical Device Manufacturers Healthcare Research Firms Healthcare Associations Government Bodies Distributors Medical Device Technology Suppliers Time Period Captured in the Report: Historical Period: 2013-2018 Forecast Period: 2019-2023E Manufacturers Covered: GE Healthcare Fresenius Philippines Siemens Healthcare Philips Healthcare Medtronic BD Healthcare Terumo Healthcare B Braun Philippines Distributors Covered: Zuellig Pharma Zafire Metro Drugs Inc. Health Solution Enterprises Berovan Marketing Inc. Patient Care Corporation RBGM Medical Express Sales Inc. Saviour MedDevices Incorporated Transmedic Group RG Meditron Inc. Carestream Philippine Medical System Aljeron Medical Enterprise Progressive Medical Corporation Fernando Medical Enterprise Medical One Key Topics Covered in the Report Philippines Medical Device Market Introduction Value Chain Analysis in Philippines Medical Devices Philippines Medical Device Market Size, 2013-2018 Philippines Medical Device Market Segmentation Philippines Medical Device Market Segmentation by Type of Business Activity (Imports and Domestic Production) Philippines Medical Device Market Segmentation by Mode of Sales (Direct Sales and Distributor Mediated) Philippines Medical Device Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) Philippines Medical Device Market Segmentation by Type of Medical Consumables (Syringes, Needles, Catheters, Bandages, Dressings, Suturing materials, Ostomy Products and Others) Philippines Medical Device Market Segmentation by Type of Diagnostic Imaging Products (X-ray Based Products, Ultrasound, CT Scan, MRI, Electrodiagnostic Apparatus, ECG and Others) Philippines Medical Device Market Segmentation by Type of Cardiac Device (Angioplasty Device, CRM Devices and Cardiac Surgery Devices) Philippines Medical Device Market Segmentation by Type of Respiratory Product (Therapeutic Appliances, Diagnostic Devices and Monitoring Devices) Philippines Medical Device Market Segmentation by Type of Auxiliary Product (Hearing Aids, Artificial Body Parts and Others) Philippines Medical Device Market Segmentation by End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others) Philippines Medical Device Market Segmentation by Region (Luzon, Visayas and Mindanao) Decision Making Process to Shortlist Medical Device in Philippines Pain Points Faced by Customers from Buying Medical Devices in Philippines Trends and Developments in Philippines Medical Devices Market Issues and Challenges in Philippines Medical Device Market Porters Five Forces Analysis in Philippines Medical Device Market Regulatory Environment for Philippines Medical Devices Market Competitive Landscape in Philippines Medical Devices Market Company Profiles of Major Players in Philippines Medical Devices Market Company Profiles of Major Local Distributors in Philippines Medical Devices Market Company Profiles of Local Players in Philippines Medical Devices Market Philippines Medical Devices Market Future Outlook and Projections, 2019-2023 Analyst Recommendations in Philippines Medical Device Market For more information, refer to below link: Philippines Medical Devices Market Related Reports Singapore Medical Devices Market Outlook to 2022 – by Type of Medical Device (Consumables, Diagnostic Imaging, Patient Aids, Orthopedic & Prosthetics, Dental Products and Others) Kuwait Medical Device Market Outlook to 2022 – By Type (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others) Indonesia Medical Devices Market Outlook to 2022 – By Medical Consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices, By Imports & Domestic Production Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Auxiliary Devices Philippines Sales, B.Braun Philippines, BD Healthcare Philippines, Berovan Marketing Philippines, Companies Medical Devices Philippines, Dialysis Machine Sales Philippines, Fresenius Philippines, GE Healthcare Philippines, Health Solution Enterprises Philippines, Local Players Medical Device Philippines, Medical Device Companies Philippines, Medical Device Market in Philippines, Medical Device Philippines, Medtronic Philippines, Metro Drugs Inc. 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