Philippines Hospitals Market Outlook to 2021 - Rising Prevalence of Diseases coupled with Increasing Penetration of Health Insurance to Drive the Market
Region:Asia
Product Code:KR478
April 2017
133
About the Report
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.
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.
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.
- 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
- Analyst Recommendations
- Macro-economic Factors Impacting the Philippines Hospitals Market
Products
Hospitals, Multi-Specialty Hospitals, Single Specialty Hospitals, Clinics, Maternity Centers, Public Hospitals, Private Hospitals, Hospitals in NCR, Outpatient Revenue, Inpatient Revenue, Hospital Based Diagnostic Laboratories, Hospital Based Pharmacies, Tertiary Hospitals, Primary Hospitals, Secondary Hospitals, Medical Tourism
Companies
Philippine Heart Center, Southern Philippines Medical Center, Philippine Orthopedic Center, Lung Cancer of the Philippines, Vicente Sotto Memorial Medical Center, Rizal Medical Center, Dr. Jose Fabella Memorial Hospital, Dr. Jose N Rodriguez Memorial Hospital, National Center for Mental Health, Veterans Memorial Medical Center, Culion Sanitarium and General Hospital
Table of Contents
1. Executive Summary
Market Potential
Market Segmentation for the Philippines Hospitals Market
Competitive Landscape
Future Analysis And Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach
Market Sizing – Philippines Hospitals Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion
Limitations
3. Philippines Hospital Market Introduction
4. Philippines Hospitals Market Size and Growth, 2014 – 2016
4.1. By Revenues, 2014 – 2016
4.2. By Number of Hospitals and Number of Beds, 2014-2016
5. Philippines Hospitals Market Segmentation
5.1. By Ownership of Hospitals, 2016
5.2. By Single Specialty and Multi-Specialty Hospitals
5.3. By Revenue Streams, 2016
5.4. By Type of Hospitals, 2016
5.5. By Region, 2016
6. Trends and Developments in the Philippines Hospitals Market
6.1. Public Private Partnerships
6.2. Medical Tourism in the Philippines
6.3. Telemedicine Industry in the Philippines
6.4. Business Alliances in the Philippines Hospitals Market
6.5. State of Health Insurance in the Philippines
7. Issues and Challenges in the Philippines Hospitals Market
7.1. Shortage of Medical Personnel
7.2. Low Per Capita Healthcare Expenditure
7.3. High Dependence on Government Hospitals
7.4. Quality Services Restricted to Metro Cities
7.5. Lack of Adequate Number of Beds
8. Cost Structure in the Philippines Hospitals Market
8.1. Case Studies of Various Hospitals in the Philippines
Expenditure Structure for “Lung Center of the Philippines”
Expenditure Structure for National Center for Mental Health
Expenditure Structure for Veterans Memorial Medical Center
9. Regulatory Framework for the Philippines Hospitals Market
9.1. DOH Guidelines for Hospitals and Health Facilities in the Philippines
9.2. Streamlining of Licensure and Accreditation of Hospitals
9.3. Regulations for Planning and Construction
9.4. Guidelines for Hospitals Towards Patients
10. Porter's Five Forces Analysis for the Philippines Hospitals Market
11. Market Share of Major Government Hospitals in the Philippines, 2016
12. Company Profiles of Major Government Hospitals
12.1. Philippine Heart Center
12.2. Southern Philippines Medical Center
12.3. Philippine Orthopedic Center
12.4. Lung Center of the Philippines
12.5. Vicente Sotto Memorial Medical Center (VSMMC)
12.6. Rizal Medical Center
12.7. Dr. Jose Fabella Memorial Hospital
12.8. Dr. Jose N Rodriguez Memorial Hospital
12.9. National Center for Mental Health
12.10. Veterans Memorial Medical Center
12.11. Culion Sanitarium and General Hospital
13. Comparative Analysis of Major Private Hospitals In the Philippines
14. Philippines Hospitals Market Future Outlook and Projections, 2017 – 2021
Philippines Hospitals Market Segmentation Future Outlook and Projections By Primary, Secondary and Tertiary Hospitals, 2021
Philippines Hospitals Market Segmentation Future Outlook and Projections By Type of Specialty (Single-Specialty and Multi-Specialty) Hospitals, 2021
Philippines Hospitals Market Segmentation Future Outlook and Projections By Revenue Streams (Outpatient Services, Inpatient Services, Diagnostic Laboratories, Hospital Based Pharmacies and Others), 2021
Philippines Hospitals Market Segmentation Future Outlook and Projections By Ownership (Private and Government), 2021
Philippines Hospitals Market Segmentation Future Outlook and Projections By Region (NCR, Region 7, Region 11 and Others), 2021
Upcoming Hospitals in the Philippines, 2017-2021
15. Analyst Recommendations
16. Macroeconomic Indicators
16.1. Population of the Philippines, 2011-2021
16.2. Healthcare Expenditure in the Philippines, 2011-2021
16.3. Medical Tourism Industry of the Philippines, 2011-2021
16.4. Aging Population in the Philippines, 2011-2021
16.5. Prevalence of Diabetes and Obesity in the Philippines, 2011-2021
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