Philippines Medical Device market is expected to reach to a value of PHP 130 Billion by 2025, with a double digit growth CAGR during the next five years: Ken Research REQUEST FOR SAMPLE REPORT 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 Buy Now It is expected that the ageing population base in Philippines and its predisposition to various chronic diseases will create a huge opportunity for the healthcare sector in the near future and pose a significant demand on the healthcare infrastructure to provide healthcare access for all. Philippines News Philippines healthcare expenditure has increased at a CAGR of 10.9% from PHP 489.1 billion in 2014 to PHP 911.4 billion in 2020(P). The future for healthcare expenditure seems bullish backed by hospital expansion and spending on healthcare services by government and private entities. The growing healthcare expenditure in the country will lead to increase in the demand of medical devices and diagnostic equipment, to offer better healthcare facilities in the country. In Philippines, there are about 9,731 healthcare units out which 5,409 are government owned and 4,322 are owned by private entities, as on December 31st 2020.Specific to hospitals, the country has 1,915 hospitals, out of which 767 hospitals are owned by the government and remaining 1,148 hospitals are privately owned as of 31st December 2020. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDY3NjU4 Growing Demand for Medical Consumables: Medical consumables market of Philippines is projected to experience high growth in future as several local manufacturers are entering into the market with their latest product offerings. In 2020, it has been observed that the medical consumables market has recorded Y-o-Y growth of 18.3% from that of previous year in Philippines, majorly due to emergence of global pandemic Covid-19 virus in the country which led to surge in the demand of medical consumables such as Surgical masks, N95 masks, PPE Kits, Latex or nitrile gloves, face shields, Nasal Swabs and Test Kits, needles, syringes, ventilators and many more. New Technologies in Diagnostics Equipment Market: The use of diagnostic imaging has increased dramatically over the past decade, contributing to medical costs and to medical exposure to ionizing radiation. X-Ray Based Products are mostly used for heath checks, which is followed by Ultrasound and CT scan. MRI, Electro diagnostic Apparatus and ECG are some of the others widely used machineries. The availability of new imaging modalities and discovery of new applications of existing techniques have also greatly contributed to the increased utilization of diagnostic imaging in daily practice. Medical Tourism: Philippines have shown a promising future as a health tourism destination country. In fact, it ranked 24th based on the 2020 Medical Tourism Index (MTI) survey out of 46 countries, and it is one of the 25 Leading Growth Markets for Wellness Tourism Trips from 2015 to 2017 based on the Global Wellness Tourism Economy Report. The key features include the large pool of English-speaking professionals, its culture of hospitality, the quality of education and skills of health professionals, its young and hospitable workforce, its competitive price advantage for healthcare and other services, and its popularity as a tourist destination in general, among others. Cancer treatments at a lower cost would help the medical device manufacturers to witness a huge influx of foreign patients in the country. Analysts at Ken Research in their latest publication “Philippines Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment” believe that the medical devices market in Philippines is projected to grow owing to factors such as increase in equipments demand for devices and centers for cancer in the country, increase in hospitals and clinics, increase in the number of deaths and increase in medical tourism. The market is expected to register a positive CAGR of 11% in terms of revenue during the forecast period 2018-2023E. Key Segments Covered:- 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 Others By Diagnostics Devices Diagnostics Equipment Diagnostics Consumables By Diagnostics Equipment X-Ray CT Scan Ultrasound Electrographic Apparatus MRI Others By Dialysis Devices Dialysis Equipment Dialysis Consumables By Cancer Therapy Equipment Cancer Therapy Equipment Cancer Therapy Consumables 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: 2015-2020 Forecast Period: 2021-2025 Manufacturers Covered:- GE Healthcare Fresenius Philippines Siemens Healthcare Philips Healthcare Medtronic BD Healthcare Terumo Healthcare B Braun Philippines Distributors Covered:- Zuellig Pharma Zafire Medilines 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 IDS Medical System Key Segments:- Comprehensive analysis of Medical Device Market in Philippines Listed major Manufacturers and Distributers Detailed Landscape on Diagnostic Medical Devices Market Detailed Landscape on Dialysis Medical Devices Market Detailed Landscape on Cancer and radiation Therapy Future Projections by Revenue COVID Impact Value Chain Analysis Government Regulations Supporting the Market Trends and Challenges For More Information, refer to below link:- Philippines Medical Device Market Related Reports:- Egypt Radiology Equipments Market Outlook to 2025- Growing Healthcare Infrastructure, Rise in Demand for Medical Imaging coupled with High Disease Prevalence to Drive the Demand Egypt X-Ray Equipments market has grown at a steady growth rate over the review period 2015-2020 and was further supported by increase in geriatric population in the country and the transition of healthcare facilities from analog to digital technologies. Improvement in healthcare infrastructure is also going to generate demand for such products in Egypt. Brazil Medical Device Market Outlook to 2025 – by Type of Device (Reagent for In-Vitro Diagnostics, Materials and Supplies, Laboratory Equipment and Others), Type of Business Activity (Import and Local Production), Channel of Sales (Distributor and Direct), Type of End User (Hospital, Clinics and Diagnostic Lab Centers and Others) and By Region (South-East, South, North-East, Mid-West and North) Brazil medical device market grew at a single-digit growth rate over the review period 2013-2018. The market growth was supported by an increase in public healthcare expenditure, growth in healthcare infrastructure in the country and a rise in the elderly population. The market was observed to be in the growth stage and will continue to remain so in the coming years. The demand for low-cost devices and cheap cost per test along with a change in decision making authority from doctors to hospital administration has significantly affected the growth in the market and has changed the procurement landscape in the industry. 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 Indonesia Medical device revenue increased from USD ~ billion in 2012 to USD ~ billion in 2017 at a CAGR of ~%. The market is in the growing stage with a rise in a number of foreign players. The market is almost entirely import driven. There were ~ medical device distributors and ~medical device production units in Indonesia as of 2015. The growing number of hospitals or other health centers in Indonesia has led to the rising demand for medical equipment. Indonesia’s medical device market is highly regulated with stringent import regulations even though it heavily relies on imports. This is due to a lack of established local manufacturers. The demand has increased majorly for diagnostic imaging, medical consumables, aesthetic, orthopedic and dental products. This is driven by increased healthcare spending and raising awareness of different treatment methods. Asia Pacific Orthopedic Device Market Outlook to 2025 – By Country (China, Japan, India, Korea, RoAPAC), By Type of Treatment (Joint, Spine, Trauma and Orthobiology and Sports Medicine); and By Type of End User (Multispecialty and Orthopedic Specialty Hospitals) The growth in Asia Pacific orthopedic market has been driven by the increase in the proportion of geriatric population in the Asian regions, especially in China and Japan. The growth in artificial joints market is majorly due to the increasing number of osteoporoses cases that has been the major growth driver. Physicians have been the major influencer for most of the companies and have been driving major imported brands in most of the regions except China. Increased focus on R&D by domestic players has forced the MNCs to innovate new products for the Asian market. Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Aljeron Medical Enterprise Medical Device Market Sales, B Braun Philippines Medical Device Market Sales, BD Healthcare Medical Device Market Sales, Berovan Marketing Medical Device Market Shares, Carestream Medical Device Market Size, Covid-19 Impact Philippines Medical Device Industry, Covid-19 Impact Philippines Medical Device Market, Evaluation Study Philippines Medical Device Market, Evaluation Summary Report Philippines Medical Device Market, Evaluative Survey Philippines Medical Device Market, Fernando Medical Enterprise Medical Device Market Sales, Fresenius Philippines Medical Device Market Sales, GE Healthcare Medical Device Market Revenue, Health Solution Enterprises Medical Device Market Shares, IDS Medical System Medical Device Market Sales, Industry Research Report Of Philippines Medical Device, Kita ng Market ng Medikal na Device ng Pilipinas, Luzon Medical Devices Market, Market ng Consumable na Medikal ng Pilipinas, Market Research Report Of Philippines Medical Device, Medical Device Companies Philippines, Medical Device Industry In Philippines, Medical Device Market in Philippines, Medical One Medical Device Market Size, Medilines Medical Device Market Sales, Medtronic Medical Device Market Revenue, Merkado ng mga Medical Medical Device, Metro Drugs Inc. Medical Device Market Size, Mindanao Medical Devices Market, Pamilihan ng Orthopaedic na Produkto ng Pilipinas, Patient Care Corporation Medical Device Market Size, Philippine Medical System Medical Device Market Shares, Philippines Auxiliary Devices Market, Philippines Cancer Therapy Consumables Market, Philippines Cancer Therapy Equipment Market, Philippines Cancer/Radiation Therapy Market, Philippines Cardiac Device Market, Philippines Cardiac Devices Market, Philippines Clinics Medical Devices Market, Philippines Dental and Orthopedic Products Market, Philippines Dental Products Market, Philippines Diagnostic Consumables Devices Market, Philippines Diagnostic Equipment CT Scan Market, Philippines Diagnostic Equipment Devices Market, Philippines Diagnostic Equipment Electrographic Apparatus Market, Philippines Diagnostic Equipment MRI Market, Philippines Diagnostic Equipment Ultrasound Market, Philippines Diagnostic Imaging Products Market, Philippines Diagnostic Lab Centers Medical Devices Market, Philippines Diagnostic Medical Devices Market Size, Philippines Diagnostic Medical Equipment X-Ray Market, Philippines Dialysis Consumables Market, Philippines Dialysis Equipment Machines Market, Philippines Dialysis Machine Market, Philippines Dialysis Medical Device Market, Philippines Healthcare Research Firms, Philippines Hospital Furniture Market, Philippines Hospitals Medical Devices Market, Philippines Market ng Cardiac Device, Philippines Medical Consumables Market, Philippines Medical Device Distributors, Philippines Medical Device Due Diligence Report, Philippines Medical Device Growth Strategy Market Report, Philippines Medical Device Industry, Philippines Medical Device Industry Research Report, Philippines Medical Device Manufacturers, Philippines Medical Device Market, Philippines Medical Device Market Analysis, Philippines Medical Device Market Competition, Philippines Medical Device Market Competition Benchmarking, Philippines Medical Device Market Evaluation Report, Philippines Medical Device Market Forecast, Philippines Medical Device Market Future Outlook, Philippines Medical Device Market Growth, Philippines Medical Device Market Major Players, Philippines Medical Device Market Research Report, Philippines Medical Device Market Revenue, Philippines Medical Device Market Revenue Forecasting, Philippines Medical Device Market Sales, Philippines Medical Device Market Shares, Philippines Medical Device Market Size, Philippines Medical Device Market Trends, Philippines Ophthalmic Devices Market, Philippines Ophthalmic Products Market, Philippines Orthopedic Products Market, Philippines Respiratory Products Market, Philips Healthcare Medical Device Market Sales, Progressive Medical Corporation Medical Device Market Shares, RBGM Medical Express Sales Medical Device Market Shares, RG Meditron Medical Device Market Shares, Saviour MedDevices Incorporated Medical Device Market Shares, Siemens Healthcare Medical Device Market Revenue, Social Evaluation Research Philippines Medical Device Market, Terumo Healthcare Medical Device Market Revenue, Transmedic Group Medical Device Market Sales, Visayas Medical Devices Market, Write An Evaluation Report On Philippines Medical Device Market, Zafire Medical Device Market Shares, Zuellig Pharma Medical Device Market Size