Ken Research announced its latest publication on “Philippines Hospitals Market Outlook to 2021 – Rising Prevalence of Diseases coupled with Increasing Penetration of Health Insurance to Drive the Market” provides a comprehensive analysis of the hospitals market in the Philippines. The report includes the cumulative revenue generated by the market players from hospital services including both government and private hospitals. The hospitals of the country have been further explained with details on market share contributed by single specialty and multi specialty hospitals; primary, secondary and tertiary hospitals; and by hospitals operating in various regions of the Philippines. The share by government players has also been provided in detail to clearly explain the present competition scenario in the market. The stakeholders of this report include hospitals, companies involved in research, distribution, and marketing of medical devices used during hospital activities, and the new entrants and venture capitalists who wish to invest in hospitals market in future.
Detailed cost structure of the hospitals is also included in the report to elucidate expenditure facts about the market in detail. Various marketing analysis factors such as trends and developments, regulatory framework and Porter’s five forces analysis are also added in the study for clear understanding about the factors responsible for present scenario of the market. The future analysis of the overall Philippines hospitals market has also been discussed along with recommendations from analyst view.
Philippines Hospitals Market
Rise in overall healthcare industry of the Philippines also marked a significant growth in the hospitals market of the country. A phenomenal increase in population of the Philippines over the years coupled with the rising prevalence of infectious diseases in the country acted as a major driver for the Philippines hospitals market. The Philippines hospitals market recorded an incline from USD ~million in 2014 to USD ~ million in 2016, exhibiting growth at a CAGR of ~ in between the years. Increasing healthcare expenditure, infrastructural development in the hospital industry, rising investments by private and government players and escalating medical tourism in the country are other major factors which have augmented the growth of hospitals market in the Philippines.
Philippines Hospitals Market Segmentation
In the Philippines hospitals market, private hospitals held ~% revenue share in 2016. Private hospitals charge higher consultation fee and prices for imparting healthcare services in comparison to government hospitals, which helps them in generating more revenues; making this segment dominate the industry. However, healthcare benefits provided by the government at concessional prices further limit the revenues earned by government entities. It has been observed that Philippines based government hospitals approximately charge one third of the cost charged by private hospitals in the country.
Multi-specialty hospitals in the Philippines dominate the market with a revenue share of ~% in 2016, owing to their advanced consultation benefits from doctors with diverse specialties. The fact that the investors in the country prefer to invest on multi-specialty hospitals owing to their benefit of providing services in multiple specialties in approximately same capital investment has consequently resulted in more number of multi-specialty hospitals and high revenue generation from the segment. Single specialty hospitals on the other hand have a low revenue share in the overall hospitals market of the country majorly due to the fact that they are less in number.
Growing at a rapid pace, tertiary hospitals dominated the market in 2016 with share of ~% in the overall revenues of the hospitals market in the country. Tertiary hospitals serve as the basis for growth in medical tourism in the Philippines as international patients prefer hospitals where they can avail the best in-class health facilities. Primary hospitals, due to their limited services only in form of outpatient services or day care surgeries and dental surgeries, contributed ~% in the revenues of overall hospitals market of the Philippines in 2016. However, low cost of the consultation and easy accessibility helped these hospitals in attaining second position in the market.
Competitive Scenario
Philippine Heart Center dominated the overall hospital market of the country with the revenue share of ~% in 2016. The adoption of ‘Clinical Pathways’ , applicable under the PhilHealth Z-Benefit Program by the hospital, helping over ~ patients with bypass surgeries till 2016 has been the major reason responsible behind its dominating market position. Southern Philippines Medical Center followed the Philippine Heart Center in terms of market share with revenue of USD ~ million in 2016. Competent and advanced technology available in the Southern Philippines Medical Center makes it at par with the country’s leading hospitals including Makati Medical Center and St. Luke’s Medical Center and is thus preferred by the people of the Philippines. Other potential players operating in the market include Philippine Orthopedic Center, VSMMC, Rizal Medical Center, Dr. Jose Fabella Memorial Hospital, Dr. Jose N Rodriguez Memorial Hospital, National Center for Mental Health, Veterans Memorial Medical Center, and Culion Sanitarium and General Hospital.
Key Topics Covered in the Report:
The market size of the Philippines Hospitals Market By Revenues and By Number of Hospitals and Number of Beds
Market segmentation of the Philippines Hospitals Market by Government and Private Hospitals, by Single-Specialty and Multi-Specialty Hospitals, by Revenue Streams, by Primary, Secondary and Tertiary Hospitals, by Region
Porter’s Five Forces Analysis for the Philippines Hospitals Market
Trends and Developments in the Philippines Hospitals Market
Cost Structure in the Philippines Hospitals Market
Competitive landscape and Detailed Hospital Case Studies
Comparative Analysis of Major Private Hospitals in the Philippines
Future Outlook and Projections of the Philippines Hospitals Market
Private Hospitals in the Philippines
Davao Hospital Sector
Funding Donation Hospital Philippines
Regulations Hospital Philippines
Foreign Patients Hospital Philippines
Philippines Hospital Industry
Multi specialty Hospitals in Philippines
Hospitals Case Study Philippines
Investment in Hospitals in Philippines
Maternity Centers in Philippines
Hospital Based Diagnostic Centers Philippines
Market Future Hospitals Philippines
Hospital Based Pharmacy Market Philippines
Philippines Tertiary Hospitals Revenue
Primary Hospitals in NCR Region
Philippine Heart Center Revenue Philippines
Number of Surgeries Hospitals Philippines
Future Hospitals Philippines
Southern Philippines Medical Center Competition Philippines
Tele medicine in Philippines
Number of hospitals per 1000 Population
More Details visit : https://www.kenresearch.com/healthcare/general-healthcare/philippines-hospitals-market-report/105284-91.html
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