DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "The Philippines Transformational Healthcare Insights, 2016" report to their offering.
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% enrollment to PhilHealth by 2020. One of the means is by mandating all Filipinos to enroll 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.
Key Topics Covered:
1. Executive Summary
2. The Philippines Macro Environment Overview
3. The Philippines Healthcare Expenditure Overview
4. Philippines Healthcare Infrastructure Overview
5. The Philippines Healthcare Insurance Overview
6. The Philippines Healthcare Value Chain Overview
7. The Philippines Healthcare Challenges
8. Growth Opportunities and Companies to Action
9. Concluding Thoughts
For more information about this report visit http://www.researchandmarkets.com/research/rz8x3p/the_philippines