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Philippines Medical Devices Market Outlook to 2023 - Surge in Demand for Used/Refurbished Medical Equipments and New Healthcare Infrastructure Projects to Maintain Healthy Growth

  • ID: 5214655
  • Report
  • July 2020
  • Region: Philippines
  • 166 pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • B Braun Philippines
  • Carestream
  • Medical One
  • Patient Care Corporation
  • RG Meditron Inc.
  • Transmedic Group
  • MORE
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.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • B Braun Philippines
  • Carestream
  • Medical One
  • Patient Care Corporation
  • RG Meditron Inc.
  • Transmedic Group
  • MORE
1. Executive Summary
  • Philippines Medical Device Market Overview
  • Philippines Medical Deivce Market Segmentations:
  • Competitive Scenario:
  • Future Outlook and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
  • Consolidated Research Approach
  • Market Sizing - Medical Devices Market
  • Variables (Dependent and Independent)
  • Multi Factor Based Sensitivity Model
  • Regression Matrix
  • Final Conclusion
3. Philippines Medical Device Market Introduction

4. Value Chain Analysis in Philippines Medical Devices
4.1. Major Entities Involved in Value Chain
4.2. Major Problems in Value Chain

5. Philippines Medical Devices Market Size, 2013-2018

6. Philippines Medical Devices Market Segmentation
6.1. By Type of Business Activity (Imports and Domestic Production), 2018
6.2. By Mode of Sales (Direct Sales and Distributor Mediated), 2018
6.3. 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), 2018
6.3.1. By Type of Medical Consumables (Syringes, Needles, Catheters, Bandages, Dressings, Suturing materials, Ostomy Products and Others), 2018
6.3.2. By Type of Diagnostic Imaging Product (X-ray Based Products, Ultrasound, CT Scan, MRI, Electrodiagnostic Apparatus, ECG and Others), 2018
6.3.3. By Type of Cardiac Device (Angioplasty Device, CRM Devices and Cardiac Surgery Devices), 2018
6.3.4. By Type of Respiratory Product (Therapeutic Appliances and Diagnostic Devices and Monitoring Devices), 2018
6.3.5. By Type of Auxiliary Product (Hearing Aids, Artificial body Parts, and Others), 2018
6.4. By End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others), 2018
6.5. By Region (Luzon, Visayas and Mindanao), 2018

7. End User Analysis for Buying Medical Device in Philippines
7.1. Decision Making Process to Shortlist Medical Device
7.2. Pain Points Faced by Customers from Buying Medical Devices in Philippines

8. Trends and Developments in Philippines Medical Devices Market
8.1. Demand for Radiography Devices
8.2. Equipment Replacement & Enhancement
8.3. Equipment and Devices for Cancer Centers
8.4. Demand For Refurbished/Used Equipment
8.5. New Healthcare Infrastructure Projects
8.6. Procurement and Tenders
8.7. Medical Tourism
8.8. Telemedicine Industry in the Philippines
8.9. Recent Developments

9. Issues and Challenges in Philippines Medical Devices Market
9.1. Competition
9.2. Shortage of Hospitals and Labor
9.3. Coping with Newer Technology
9.4. Continual Change in Price of the Medical Devices
9.5. Rising Out-of-pocket expenditures

10. Porter Five Forces Analysis in Philippines Medical Device Market

11. Regulatory Environment for Philippines Medical Devices Market
11.1. Medical Device Regulations
11.2. General Import Procedures
11.3. Certificate of Listing:
11.4. Medical Device Import License
11.5. Import Documentations
11.6. Consumer Protection
11.6.1. Consumer Protection
11.7. Quality Standards
11.7.1. Standards Development
11.7.2. Product Testing
11.7.3. Labeling and Marking
11.7.4. Product Certification
11.7.5. Accreditation
11.7.6. Quality Standard for Medical Devices
11.8. Government Tenders
11.8.1. Government Procurement
11.9. Barriers
11.10. New Regulations (for implementation April 1, 2019)

12. Competitive Landscape in Philippines Medical Devices Market
12.1. Competition Scenario in Philippines Medical Devices Market
12.2. Competitive Scenario on the basis of Strengths and Weaknesses
12.3. Competitive Landscape of Major Players in Philippines Medical Devices Market
12.3.1. Market Share of Medical Devices Manufacturers in Philippines, 2018
12.3.2. Market Share of Distributors, 2018

13. Company Profiles of Major Players in Philippines Medical Devices Market
13.1. GE Healthcare, Philippines
13.2. Fresenius, Philippines
13.3. Siemens, Philippines
13.4. Philips, Philippines
13.5. Medtronic, Philippines
13.6. BD, Philippines
13.7. Terumo, Philippines
13.8. B Braun, Philippines

14. Company Profiles of Major Local Distributors in Philippines Medical Devices Market
14.1. Zuellig Pharma
14.2. Zafire Distributors
14.3. Metro Drugs Inc.
14.4. Health Solution Enterprises
14.5. Berovan Marketing, Inc.
14.6. Patient Care Corporation
14.7. Rbgm Medical Express Sales, Inc.
14.8. Saviour MedDevices, Inc.
14.9. Transmedic Group
14.10. RG Meditron, Inc.

15. Company Profiles of Local Players in Philippines Medical Devices Market

16. Philippines Medical Devices Market Future Outlook and Projections, 2019-2023
16.1.1. Future Technological Developments in Medical Devices
16.2. By Procurement (Imports and Domestic Production), 2023
16.3. By Mode of Sales (Direct Sales and Distributor Mediated), 2023
16.4. 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), 2023
16.5. By End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others), 2023
16.5.1. Upcoming Hospitals in the Philippines, 2019-2021

17. Analyst Recommendations
  • Disclaimer
  • Contact
  • List of Figures
Figure 1-1: Flow Chart for Philippines Medical Device Market, 2018
Figure 3-1: Industry Cycle Graph for Philippines Medical Device Market
Figure 4-1: Value Chain Analysis of Philippines Medical Device Market
Figure 5-1: Philippines Medical Device Market Size on the Basis of Revenue in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 6-1: Philippines Medical Devices Market Segmentation by Procurement (Imports and Domestic Production) on the Basis of Revenue in Percentage (%), 2018
Figure 6-2: Philippines Medical Devices Market Segmentation by Mode of Sales (Direct Sales and Distributor Mediated) on the Basis of Revenue in Percentage (%), 2018
Figure 6-3: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in Percentage (%), 2018
Figure 6-4: Philippines Medical Consumables Market Segmentation by Type (Syringes, Needles, Catheters, Bandages, Dressings, Suturing Materials, Ostomy Products and Others) on the Basis of Revenue in Percentage (%), 2018
Figure 6-5: Philippines Diagnostic Imaging Market Segmentation by Type (X-Ray Based Products, Ultrasound, CT Scan, MRI, Electrodiagnostic Apparatus, ECG And Others) on the Basis of Revenue in Percentage (%), 2018
Figure 6 6 Philippines Cardiac Device Market Segmentation by Type (Angioplasty Device, CRM Devices and Cardiac Surgery Devices) on the Basis of Revenue in Percentage (%), 2018
Figure 6-7: Philippines Respiratory Product Market Segmentation by Type (Therapeutic Appliances and Diagnostic Devices and Monitoring Devices) on the Basis of Revenue in Percentage (%), 2018
Figure 6-8: Philippines Auxiliary Product Market Segmentation by Type (Hearing Aids, Artificial Body Parts, and Others) on the Basis of Revenue in Percentage (%), 2018
Figure 6-9: Philippines Medical Devices Market Segmentation by End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others) on the Basis of Revenue in Percentage (%), 2018
Figure 6-10: Philippines Medical Devices Market Segmentation by Region (Luzon, Visayas and Mindanao) on the Basis of Revenue in Percentage (%), 2018
Figure 10-1: Porter's Five Forces Analysis for Philippines Medical Device Market
Figure 12-1: Market Share of Major Manufacturers in Philippines Medical Device Market on the Basis of Revenue in Percentage (%), 2018
Figure 12-2: Market Share of Distributors in Philippines Medical Device Market on the Basis of Revenue in Percentage (%), 2018
Figure 16-1: Philippines Medical Device Market Future Projections on the Basis of Revenue in USD Million, 2019-2023
Figure 16-2: Philippines Medical Device Market Future Outlook and Projections by Procurement (Imports and Domestic Production) on the Basis of Revenue in Percentage (%), 2023
Figure 16-3: Philippines Medical Device Market Future Outlook and Projections by Mode of Sales (Direct Sales and Distributor Mediated) on the Basis of Revenue in Percentage (%), 2023
Figure 16-4: Philippines Medical Device Market Future Outlook and Projections by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in Percentage (%), 2023
Figure 16-5: Philippines Medical Device Market Future Outlook and Projections by End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others) on the Basis of Revenue in Percentage (%), 2023

List of Tables
Table 2-1: Type of Medical Devices in Philippines Medical Device Market
Table 2-2: Correlation Matrix for Philippines Medical Device Market
Table 2-3: Regression Coefficients Output for Philippines Medical Devices Market
Table 3-1: Introduction for Philippines Medical Device Industry including Country Overview, Market Overview and Genesis, Market Size, Growth Drivers, Competition Scenario and Future Outlook
Table 3-2: Timeline for Major International Companies in Philippines Medical Devices Market including Year of Establishment, Company Name and Description, 1890-2005
Table 3-3: Timeline for Major Distributors in Philippines Medical Devices Market including Year of Establishment, Name of the Distributor and Description, 1972-2006
Table 3-4: Philippines Medical Devices Ecosystem
Table 4-1: Philippines Medical Device Market Value Chain Challenges and Remarks
Table 5-1: Philippines Medical Devices Market Size and Description on the Basis of Revenues, 2013-2018
Table 6-1: Philippines Medical Devices Market Segmentation by Procurement (Imports and Domestic Production) on the Basis of Revenue in USD Million, 2018
Table 6-2: Philippines Medical Devices Market Segmentation by Mode of Sales (Direct Sales and Distributor Mediated), on the Basis of Revenue in USD Million, 2018
Table 6-3: Cross Comparison of Philippines Medical Devices Market Segmentation by Mode of Sales (Direct Sales and Distributor Mediated) on the basis of Sales Revenue, Sales Revenue in Percentage, Target Audience, Margins, Type of Products, After Sales Services and Major Companies, 2018
Table 6-4: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others), on the Basis of Revenue in USD Million, 2018
Table 6-5: Philippines Medical Devices Market Segmentation by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Procurement, Margins, Sales Channel, Best Selling Medical Device, Major Companies and Major End Users
Table 6-6: Philippines Medical Consumables Market Segmentation by Type (Syringes, Needles, Catheters, Bandages, Dressings, Suturing materials, Ostomy Products and Others) on the Basis of Revenue in USD Million, 2018
Table 6-7: Philippines Diagnostic Imaging Market Segmentation by Type (X-Ray Based Products, Ultrasound, CT Scan, MRI, Electrodiagnostic Apparatus, ECG And Others) on the Basis of Revenue in USD Million, 2018
Table 6-8: Philippines Cardiac Device Market Segmentation by Type (Angioplasty Device, CRM Devices and Cardiac Surgery Devices) on the Basis of Revenue in USD Million, 2018
Table 6-9: Philippines Respiratory Product Market Segmentation by Type (Therapeutic Appliances and Diagnostic Devices and Monitoring Devices) on the Basis of Revenue in USD Million, 2018
Table 6-10: Philippines Auxiliary Product Market Segmentation by Type (Hearing Aids, Artificial Body Parts, and Others) on the Basis of Revenue in USD Million, 2018
Table 6-11: Philippines Medical Devices Market Segmentation by End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others) on the Basis of Revenue in USD Million, 2018
Table 6-12: Cross Comparison of Philippines Medical Devices Market Segmentation by End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others) on the basis of Procurement, Type of Product Demand and Recurring Buying
Table 6-13: Philippines Medical Devices Market Segmentation by Region (Luzon, Visayas and Mindanao) on the Basis of Revenue in USD Million, 2018
Table 6-14: Cross Comparison of Philippines Medical Devices Market Segmentation by Regions including Population, Number of Hospitals, Government Hospitals, Private Hospitals, Tuberculosis Statistics and Malaria Statistics, 2016
Table 6-15: Cross Comparison of Philippines Medical Devices Market Segmentation by Health Workers Statistics including Medical Technologist, MD, Dentist, PHN and Midwives, 2018
Table 7-1: Decision Making Process to Shortlist Medical Device with Parameters and Weight age in Percentage (%)
Table 7-2: Problems Which Customers Generally Face From Buying Medical Devices Including Heterogeneous Products, Delivery Period, Defects, Issues in Payment, Trained Professionals, Logistics and After Sales Service.
Table 8-1: Comparison of Most Prevalent Medical Procedures in Various Countries on the Basis of Price in USD, 2018
Table 9-1: Cross Comparison of Philippines Hospitals and Labor availability by Number of Doctors per 10,000 Population, Number of Nurses per 10,000 Population, Number of Midwives per 10,000 Population, Number of Medical technologists per 10,000 Population, Number of Surgeons per 10,000 Population and Number of Beds per 10,000 Population, 2017
Table 10-1: Porter's Five Forces Analysis on Philippines Medical Device Market
Table 11-1: Classification of Medical Devices by Risk Category on the Basis of Risk Level (Low, Medium and High) and Devices Examples
Table 11-2: Upcoming Public Tenders for Medical Equipments and Devices in Philippines Medical Device Market, July 2019
Table 11-3: Registration Fees for Philippines Medical Device on the basis of Classification Type, Application, Evaluation Fee and Annual Retention Fee, 2019
Table 12-1: Competition Scenario of Manufacturers in Philippines Medical Devices Market Including the Competition Stage, Major Players and Competitive Parameters
Table 12-2: Competition Scenario of Manufacturers in Philippines Medical Devices Market Including the Competition Stage and Major Players
Table 12-3: Product Matrix for Major Companies in the Philippines Medical Device Market
Table 12-4: Product Matrix for Major Companies in the Philippines Medical Device Market
Table 12-5: Competitive Scenario in Philippines Medical Device Market on the basis of Competitive Parameters and Description
Table 12-6: Philippines Medical Device Market Competitive Scenario of Top Companies on the Basis of Strengths and Weaknesses, 2018
Table 12-7: Philippines Medical Device Market Competitive Scenario of Major Distributors on the Basis of Strengths and Weaknesses, 2018
Table 12-8: Market Share of Major Manufacturers in Philippines Medical Device Market on the Basis of Revenue in USD Million, 2018
Table 12-9: Market Share of Distributors in Philippines Medical Device Market on the Basis of Revenue in USD Million, 2018
Table 13-1: Company Profile of GE Healthcare, Philippines including Company Overview, Specialties, Services Offered, Business Strengths, Business Strategy, Global Revenue, No. of Employees and Focus Areas
Table 13-2: Competitive Profile of Fresenius Philippines including Company Overview, Business Products, Product List, Specialty Products, Business Strengths, Business Strategy and Revenues
Table 13-3: Competitive Profile of Siemens Philippines including Company Overview, Business Divisions, Products and Services, Business Strengths, Business Strategy, Global Revenue, No. of Employees, Regional Presence and Clients
Table 13-4: Milestones of Business Development of Siemens Philippines, 1890-2017
Table 13-5: Competitive Profile of Philips Philippines including Company Overview, Business Lines, Product Lines, Specialties, Business Strengths, Business Strategy, Global Revenue, Number of Employees, Regional Presence and Partnerships
Table 13-6: Competitive Profile of Medtronic Philippines including Company Overview, Product Lines, Business Strengths and Strategy, Recent Developments, Revenue, Number of Employees, Competitors and Clients
Table 13-7: Competitive Profile of BD Healthcare, Philippines including Company Overview, Business Line, Product Line, Certifications, Awards and Affiliations, Specialties, Distribution, Business Strengths, Business Strategy, Acquisitions, Divestitures, Global Revenue, No. of Employees and Primary Customers
Table 13-8: Organizational Mix of BD Medical consisting of Organizational units and Principal Product Lines, 2018
Table 13-9: Competitive Profile of Terumo Healthcare, Philippines including Company Overview, Business Line, Product Line, Business Strengths, Business Strategy, Regional Presence, Global Revenue and No. of Employees
Table 13-10: Competitive Profile of B Braun, Philippines including Company Overview, Product Line, Other Products, Business Strengths, Business Strategy, Recent Developments, Regional Presence, Global Revenue and No. of Employees
Table 14-1: Competitive Profile of Zuellig Pharma, Philippines including Company Overview, Product Line, Capacity, Business Strengths, Business Strategy, Recent Developments, Number of Employees and Clients
Table 14-2: Competitive Profile of Zafire Distributors, Philippines including Company Overview, Product Line, Branches, Depot, business partners and Clients
Table 14-3: Timeline of Zafire Distributors Inc on the basis of Year, Activity and Description, 1988-2015
Table 14-4: Competitive Profile of Metro Drugs Inc. Philippines including Company Overview, Specialties, Business Strengths, Recent Developments and Business Partners
Table 14-5: Timeline of Metro Drugs Inc on the basis of Year and Description, 1931-2019
Table 14-6: Competitive Profile of Health Solution Enterprises, Philippines including Company Overview, Product Line, Business Strengths, Recent Developments, Number of Employees, Awards and Recognitions and Exclusive and Authorized Distributors
Table 14-7: Competitive Profile of Berovan Marketing, Inc. Philippines including Company Overview, Product Line, Business Strengths, Regional Presence and Partners
Table 14-8: Competitive Profile of Patient Care Corporation, Philippines including Company Overview, Product Line, Awards, Recent Developments, Promotional Schemes, Distributorship, Number of Employees and Market Served
Table 14-9: Competitive Profile of RBGM Medical Express Sales, Inc. Philippines including Company Overview, Product Line, Awards, Business Strengths, Best Selling Products, Regional Presence, Number of Employees and Clients
Table 14-10: Timeline of RBGM Medical on the basis of Year and Description, 2002-2015
Table 14-11: Competitive Profile of Saviour MedDevices Incorporated, Philippines including Company Overview, Partners and Product Line, Recognitions, Awards, Best Selling Products, Recent Developments, Regional Presence, Number of Employees and Clients
Table 14-12: Competitive Profile of Transmedic Group, Philippines including Company Overview, Partners and Product Line, Recognitions, Business Strengths, Regional Presence and Number of Employees
Table 14-13: Competitive Profile of RG Meditron Incorporated, Philippines including Company Overview, Partners and Product Line, Recognitions, Awards, Best Selling Products, Recent Developments, Regional Presence, Number of Employees and Clients
Table 15-1: Company Overview for Other Local Players (East Lane Corporation, Bataan Manufacturing Inc. Fairbright Enterprises Incorporated, Aso Philippines, Inc. Indoplas Philippines, Inc, Technomed International, Inc and Philab Industries) in Philippines Medical Devices Market
Table 16-1: Philippines Medical Devices Market Future Outlook and Projections including Future Outlook and Key Opportunities for Future
Table 16-2: Future Technological Developments in Philippines Medical Device Market by Future Technologies and Description, 2019
Table 16-3: Philippines Medical Device Market Future Outlook and Projections by Procurement (Imports and Domestic Production) on the Basis of Revenue in USD Million, 2023
Table 16-4: Philippines Medical Device Market Future Outlook and Projections by Mode of Sales (Direct Sales and Distributor Mediated), on the Basis of Revenue in USD Million, 2023
Table 16-5: Philippines Medical Device Market Future Outlook and Projections by Type of Medical Devices (Medical Consumables, Diagnostic Imaging Products, Dialysis Machine, Cardiac Device, Respiratory Product, Hospital Furniture, Auxiliary Devices, Dental and Orthopedic Products, Ophthalmic Devices and Others) on the Basis of Revenue in USD Million, 2023
Table 16-6: Philippines Medical Device Market Future Outlook and Projections by End Users (Hospitals, Clinics and Diagnostic Lab Centers and Others) on the Basis of Revenue in USD Million, 2023
Table 16-7: Upcoming Hospitals in the Philippines (Ayala Land Inc. and Mercado General Hospital Inc (MGHI), Villar Group and Metro Pacific Investments Corp. (MPIC)), 2019-2021
Note: Product cover images may vary from those shown
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  • GE Healthcare
  • Fresenius Philippines
  • Siemens Healthcare
  • Philips Healthcare
  • Medtronic
  • BD Healthcare
  • Terumo Healthcare
  • B Braun Philippines
  • 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
Note: Product cover images may vary from those shown
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