|
|
 |
|
Viewing report
|
|
|
|
The Medical Device Market: Philippines
Espicom Business Intelligence Ltd, Oct 2011, Pages: 54
Despite having one of the largest populations in the world, let alone ASEAN, the country remains largely poor, and most of the opportunities are centred around Manila and surrounding areas on the island of Luzon, with areas such as Mindanao lagging behind overall.
The Philippines medical device market is expected to grow at a solid 8.1% in the medium term. This growth will be spearheaded by the growth of imports, health expenditure, the private sector and medical tourism.
The Philippines has a history of political instability. The current ruling administration has had its fair share of controversy. The highly devolved health sector makes it difficult to stamp out corruption and other bureaucratic problems.
Medical device spending is around US$4 per capita in 2011, similar to that in Vietnam and China. The Philippines has some domestic capacity to produce basic hospital items, but the majority of the market is supplied by imports. Private hospitals in Manila represent the best prospects for suppliers.
In June 2010, newly elected president President Benigno Aquino said he wants every citizen have access to healthcare by 2013. The Aquino administration plan to achieve this goal by expanding the coverage of the Philippine Health Insurance Corp (PhilHealth) to all citizens, particularly the poor.
Includes 3 quarterly updated outlook reports!
|
|
|
|
