With the Rising cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment, the Philippines medical devices market is poised to witness double-digit growth soon – 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 1. Philippines medical devices market is growing at an impressive growth rate and is expected to expand more in the future as a result of rising cases of chronic diseases coupled with expanding elderly population in the country. To Know More about this report, download a Free Sample Report The Philippines medical device industry registered a growth of around 32% during the review period of 2015-2020. The market is currently in the growth stage with an increase in the number of hospitals, a high prevalence of chronic diseases, and rising instances of heart and kidney failures. Also, expanding the elderly population, awareness of health checkups, incoming medical tourism, and the onset of the COVID-19 pandemic are some of the other key drivers of the market. With these supporting factors, the medical device sector in Philippines is poised to grow at a CAGR of ~10% during 2020-2025. 2. Medical Consumables, Diagnostic Imaging Products, Respiratory Products, Hospital Furniture & Cardiac Devices have contributed the highest to the overall revenue of the medical devices Industry. Medical consumables growth has supplemented during 2020, owing to higher sales for Protective equipment, syringes, and other consumables categories. Diagnostic imaging products are increasing due to an increase in the number of hospitals specializing in cancer, cardiology, and the increase in non-communicable diseases. It is further supported by growing replacement among healthcare institutions. Moreover, with the emergence of Covid-19, the number of respiratory disease cases in the country have increased significantly in the year 2020 and 2021 due to which the use of respiratory products has also boosted. 3. The share of distributors in the Philippines equipment market is anticipated to increase and reach around ~46% by 2025. Visit This link Request for Custom Report Currently, the distributors contribute almost 40% share towards the sales of medical equipment during 2020. However, in the near future, it is highly expected that the share of distributors in the equipment market will increase and reach ~46% by 2025, largely due to better after-sale service, liaison with hospitals, and offering of technical assistance to hospitals and clinics along with the strong local presence in the country. 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