Gurugram, India, March 08, 2022 (GLOBE NEWSWIRE) -- Philippines News
- Philippines Health Tech Market initially experienced a slow growth, but due to alarming gap in healthcare accessibility and vast unharmonized data, the market is expected to grow exponentially in the coming years.
- Government is working aggressively to integrate ICT in the healthcare department under the eHealth Framework with the aim to overcome existing healthcare challenges.
- New and existing domestic and international players are expanding presence in various health tech segments either by introducing new technology or via partner and collaborations.
Increase in demand for better Health Tech Products: Philippines faced a major gap in healthcare infrastructure that led to many intrinsic problems such as difficulty to immediately reach a medical facility or purchase a medicine. Another major problem associated with healthcare accessibility is the Philippines archipelago geography. All the medical facilities are concentrated in or around the capital city. Most of these issues can be addressed by the adaptation of technological tools in the healthcare sector. Increase in the healthcare expenditure of the hospitals and clinics, healthcare IT solutions will be one of the major health tech markets in the coming years. This will also ensure a high increase in revenues in the industry.
Collaborations and Partnership: As the market is flourishing in the Philippines, the health tech service providers are focusing more on collaborative approaches to expand their reach. Most players are focusing on introducing end to end solutions for the target end-users. Digital health solutions, such as E-pharmacies and online consultations are connecting to a common platform by keeping certain profit margins. Integration of various health tech sectors in one place has become a new trend in this market.
Impact of Covid-19: Lockdown has been a major growth driver of the Health Tech market.Covid-19 brought a moment of realization for the government, as it has highlighted all the existing gaps in the healthcare industry. There has been a significant increase in the end-users for nearly all the sectors of the health tech industry that eventually resulted in the increase in the number of players in the market.
The report titled "Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others)"by Ken Research suggested that the health tech market is expected to grow at a double digit positive CAGR. Technological advancements and availability of various services on these platforms is driving the health tech market in Philippines. The health tech sales revenue in Philippines is expected to grow over the next few years owing to introduction of new domestic as well as international players in the country and increase in product awareness amongst the rising population.
Key Segments Covered:-
E-Pharmacy Market Size, 2017-2025F
Online Consultation Market Size, 2017-2025F
Healthcare IT Solutions Market, 2017-2025F
Product Type
- E-Pharmacy Market
- Order Split (Prescribed, OTC and Others)
- Order Platform (Mobile and Web)
- Cities/Region (Manila, Region III-IV, Mindanao/ Davao and others)
- Online Consultation Market
- Mode of Consultation (Chat, Audio, Video)
- Type of Doctor (General and Specialized)
- Cities/Region (Manila, Region III-IV, Mindanao/ Davao and Others)
- Healthcare IT Solutions Market
- Products (HMS, CMS, PMS/PIS, EMR)
- Cities/Region (Manila, Central Luzon, Mindanao/Davao others)
Key Target Audience:-
- Healthcare Professionals
- Hospitals & Clinics
- Venture Capitalists
- Government and Regulatory Bodies
- Health Tech Companies
- Health Tech Industry Consultants
Time Period Captured in the Report:-
- Historical Period: 2017-2020P
- Forecast Period: 2020P–2025F
Companies Covered:-
Online Consultation
- AIDE
- Konsulta MD
- Medifi
- Medgate
- Zennya
- eZConsult
- Dima
- HealthNow
- My Pocket Doctor
- Kitika
- Icliniq
E-Pharmacy
- Mercury Pharmacy
- Watson
- Southstar drug
- Rose Pharmacy
- AIDE
- Muramed
- GetMeds
- MedGrocer
Healthcare IT Solutions
- Hybrain
- Exist Healthcare
- BizBox
- KCCI Medsys
- Comologik
- Medcurial
- Serious MD
- Ascendant Technologies
- MedCheck
- MedProjects
- Segworks
Key Topics Covered in the Report:-
- Philippines Health Tech Market Introduction
- Philippines Health Tech Market Size, 2017-2020P
- Philippines Health Tech Market Segmentation, 2017-2020P (By GMV and on the basis of type of product – E-Pharmacy, Online Consultation and Healthcare IT Solutions)
- Detailed Analysis on Philippines E-Pharmacy Market ( By GMV - By Order Split on the basis of Prescribed drugs, OTC drugs, Medical devices and other products, By city – Manila, Region III-IV, Mindanao/ Davao and Others, By Order platform – Mobile application and web browser, By No. of Orders - By Order Split on the basis of Prescribed drugs, OTC drugs, Medical devices and other products, By city – Manila, Region III-IV, Mindanao/ Davaoand Others, By Order platform – Mobile application and web browser)
- Detailed Analysis on Philippines Online Consultation Market (By No. of Consultations: By Mode of Consultation – Chat, Video and Audio, By Type of Doctor – General Practitioners and Specialized Doctor, By City/Region – Manila, Region III-IV, Mindanao/ Davao and Others, By GMV - By Mode of Consultation – Chat, Video and Audio, By Type of Doctor – General practitioner and Specialized Doctor, By City – Manila, Region III-IV, Mindanao/ Davao and Others)
- Detailed Analysis on Philippines Healthcare IT Solutions Market (By Revenue –By Product Type – Software and IT Services)
- Trends and Developments in Philippines Health Tech Market (Future Projections on
- Regulatory Landscape in Philippines Health Tech Market
- Target End Users (Target End users for the E-Pharmacy segment, online consultation segment and healthcare IT solutions segment)
- Competitive Landscape in Philippines Health Tech Market
- International Success Case Study for Philippines Health Tech Market
- Philippines Health Tech Market Future Outlook and Projections, 2020P-2025F (By GMV and on the basis of type of product – E-Pharmacy, Online Consultation and Healthcare IT Solutions)
- Philippines Health Tech Market
- Philippines E-Health Market
- Philippines E-Pharmacy Market
- Online Pharmacy Market In Philippines
- Philippines E-Pharmacy Industry
- Philippines Online Pharmacy Market
- Philippines Online Drug Stores
- Philippines Online Consultation Industry
- Philippines Telemedicine Market
- Telemedicine Market In Philippines
- Philippines Online Doctor Consultation Market
- Philippines Chat Doctor Market
- Philippines Video Consultation Market
- Philippines Mobile Health Market
- Philippines Mobile Consultation Market
- Philippines Healthcare IT Solutions Market
- Healthcare IT Solutions Market
- Philippines Hospital IT Market
- Philippines Clinic IT Market
- Philippines Drug Store IT Market
- Philippines Healthcare IT Industry
- Philippines Healthcare IT Market
- Philippines Appointment Booking Market
- Philippines Online Doctor Appointment Booking Market
- Philippines Doctor Appointment Market
- Philippines Online Appointment Market
- Philippines Digital Health Market
For More Information on the research report, refer to below link:-
Philippines Health Tech Market
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Ankur Gupta, Head Marketing & Communications
+91-9015378249
