The Philippines Transformational Healthcare Insights, 2016

The Philippines Transformational Healthcare Insights, 2016

Current Trends and Challenges Encountered in the Road to Achieving Universal Healthcare Coverage

RELEASE DATE
20-Apr-2017
REGION
Asia Pacific
Research Code: 9AB9-00-52-00-00
SKU: HC02793-AP-MR_19931
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Description

The Philippines is a part of the Association of Southeast Asian Nations (ASEAN) community and one of the fastest growing healthcare markets in the region. With regard to healthcare, the Philippine Government has been looking at ways to achieve 100% enrolment to PhilHealth by 2020. One of the means is by mandating all Filipinos to enrol to PhilHealth. Currently, PhilHealth’s coverage is at about 92%. An ageing population, urbanisation, and the rising middle class have led to an increasing demand for healthcare services, as more people can afford quality healthcare. Due to the huge gap in the Philippines’ healthcare delivery system, abundant opportunities are available for key private participants to invest in the healthcare sector. Private hospitals, pharmaceutical producers, and healthcare IT companies are expanding into the Philippines market, partially owing to the recently launched AEC. Lack of infrastructure and human resources is putting a strain on the healthcare delivery system in the Philippines. The bed-to-population ratio is quite low and there is still a huge gap in the number of doctors and nurses required to cater to the needs of the growing population.

The healthcare delivery system in the Philippines is dominated by the public sector (regional, provincial, municipal, and barangay level) while being supported by private healthcare service providers. The implementation of Universal Health Care (UHC) is already driving the demand across all sectors of healthcare. However, the Philippines still requires a strong focus on infrastructure and skilled manpower. The shortage of qualified personnel is a huge problem, especially in high-skill fields such as radiology. The private sector is playing a huge role in helping the government address the gaps in healthcare services. Generics is evolving into a huge market due to the demand for low-cost medicine and strong government support. Production of raw materials for medicines is now 100% open to foreign ownership, creating an opportunity for the Philippines to emerge as a regional raw materials manufacturing hub. Areas such as healthcare technology and diagnostics, that can improve access to health information for making better healthcare choices, are growing faster.

The key components of the Philippines healthcare market are as follows:

Healthcare Industry: An industry that develops and provides solutions and/or services across the care spectrum for diagnosis, treatment, and prevention

• Therapeutics: Pharmaceuticals
• Medical Products: All forms of medical products used in imaging, treatment, and diagnosis of diseases
• Healthcare IT: Consists of software, solutions, and maintenance services sold to providers, but does not include hardware
• Healthcare Services: Primary, secondary, and tertiary care, specialty clinics, and diagnostic lab services

Table of Contents

The Philippines Country Highlights

The Philippines Predictions

Scope and Segmentation

CEO’s Perspective

The Philippines—Demographic Trend

The Philippines—Demographic Trend (continued)

The Philippines—Middle Income Trend

The Philippines—Total Healthcare Expenditure

The Philippines—Healthcare Expenditure per Capita

The Philippines—Public and Private Healthcare Expenditure

Public and Private Healthcare Delivery System

Public and Private Healthcare Delivery

The Philippines Hospital Classification

Total Public and Private Hospitals with Classification

The Philippines—Total Hospital Beds

The Philippines’ UHC Scheme and Private Insurance

The Philippines’ UHC Scheme and Private Insurance (continued)

The Philippines Healthcare Value Chain

The Philippines Healthcare Value Chain (continued)

Hospital Reimbursement Process Under PhilHealth

Challenges—Infrastructure

Challenges—Infrastructure (continued)

Challenges—Human Resources

Challenges—Epidemiological Transition

Growth Opportunity 1—Private Hospitals

Growth Opportunity 2—Healthcare Technology

Growth Opportunity 3—PhilHealth

Growth Opportunity 4—Strengthening Economy

Growth Opportunity 5—Microinsurance

Growth Opportunity 6—Increasing Demand for healthcare Services in Aged Care

Strategic Imperatives for Success and Growth

Concluding Thoughts

How are Stakeholders Responding?

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Philippines is a part of the Association of Southeast Asian Nations (ASEAN) community and one of the fastest growing healthcare markets in the region. With regard to healthcare, the Philippine Government has been looking at ways to achieve 100% enrolment to PhilHealth by 2020. One of the means is by mandating all Filipinos to enrol to PhilHealth. Currently, PhilHealth’s coverage is at about 92%. An ageing population, urbanisation, and the rising middle class have led to an increasing demand for healthcare services, as more people can afford quality healthcare. Due to the huge gap in the Philippines’ healthcare delivery system, abundant opportunities are available for key private participants to invest in the healthcare sector. Private hospitals, pharmaceutical producers, and healthcare IT companies are expanding into the Philippines market, partially owing to the recently launched AEC. Lack of infrastructure and human resources is putting a strain on the healthcare delivery system in the Philippines. The bed-to-population ratio is quite low and there is still a huge gap in the number of doctors and nurses required to cater to the needs of the growing population. The healthcare delivery system in the Philippines is dominated by the public sector (regional, provincial, municipal, and barangay level) while being supported by private healthcare service providers. The implementation of Universal Health Care (UHC) is already driving the demand across all sectors of healthcare. However, the Philippines still requires a strong focus on infrastructure and skilled manpower. The shortage of qualified personnel is a huge problem, especially in high-skill fields such as radiology. The private sector is playing a huge role in helping the government address the gaps in healthcare services. Generics is evolving into a huge market due to the demand for low-cost medicine and strong government support. Production of raw materials for medicines is now 100% open to foreign ownershi
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Author Liyana Nadiah
Industries Healthcare
WIP Number 9AB9-00-52-00-00
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