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)”provides a
comprehensive analysis of the health tech industry of Philippines. The report
also covers overview and genesis of the industry, overall market size in terms
of revenue, market segmentation by, product types, cities; snapshot on
E-Pharmacy Market, Online Consultation Market and Healthcare IT solutions
Market, trends and developments, regulatory landscape, customer level
profiling, issues and challenges and comparative landscape including
competition scenario, cross comparison, opportunities and bottlenecks and
company profiling of major players in the health tech industry. The report
concludes with future market projections on the basis of sales revenue, by
market, product types, region, cause and effect relationship and success case
studies highlighting the major opportunities and cautions.
Philippines Health Tech Market Overview
and Size
Philippines Health Tech Market had a slow
growth initially. The slow growth corresponded to poor internet
penetration and lack of technology awareness. Unorganized health tech
infrastructure and a less tech-savvy population led to the accumulation of
unharmonized healthcare data. The government faced a major difficulty when the
healthcare challenges kept on increasing with the growing population.
Increasing need and high government interest positively drove the Philippines
health tech industry.
Philippines Health Tech Market
Segmentation
By Product Type: The health tech market is segmented on the
basis of the type of products available in the Philippines. The market is
segmented in-pharmacy, online consultation, Healthcare IT solutions, and
Appointment Booking. The Health IT segment holds a higher share in the
Philippines health tech market during 2020 owing to the increasing need to
organize and structure the previously existed unharmonized
data. Lockdown in the initial months of 2020 helped both E-Pharmacy
and Online Consultation market to boon. Whereas on the other hand, the
appointment booking segment held a very minute share in the market due to its
low product awareness and presence of very few players in the market.
Detailed Analysis on Philippines
E-pharmacy Market:
The E-pharmacy market was observed to be
in its initial growing stage. A vast increase in growth was witnessed over the
recent years. The reason behind the slow growth was the strict government
regulations. Prescription-based drugs/products are slowly contributing more
towards the sales revenue in the e-pharmacy market. The e-pharmacy market is
further segmented on the basis of order split, order platform, and
cities. The competition in the e-pharmacy market was observed to be
concentrated with major players competing on the basis
of availability of products,
pricing/discounts, product variety, and other factors. Some of the major
players include Mercury, MedGrocer, Muramed and others, with Mercury Pharmacy
leading the market in terms of GMV in 2020P.
Detailed Analysis on Philippines online
Consultation Market:
The online consultation market was in its
nascent growth stage. It witnessed regular growth over the last year as it
bridged the gap for healthcare availability in the Philippines during the Covid
pandemic. Video consultation contributes the maximum share towards the overall
market revenue in the online consultation market. The competition in the online
consultation market was observed to be highly concentrated amongst the domestic
players. They compete on the basis of availability of doctors, type of doctors,
and other factors. Some of the major players include Serious MD, Konsulta MD,
Medifi, AIDE, Health Now, and others with Serious MDleading the market in terms
of sales revenue by value in 2019.
Detailed Analysis on Philippines
Healthcare IT Solutions Market:
The Healthcare IT Solutions market was
observed to be in its steady growth stage initially as compared to other
markets, alongside witnessing adequate growth over the years. Clinics being the
majority of end Users contribute the largest revenue value for the healthcare
IT solutions market. The healthcare IT solutions market is further segmented on
the basis of end-users, type of product, type of payment, and
cities. The competition in the healthcare IT solutions market was
observed to be highly concentrated with major players competing on the basis of
product variety, service offerings, clientele, and other factors. Some of the
major players include inbox, KCCI Medsys, Comologik and others with BizBox leading
the market in terms of sales revenue by value in 2019. Owing to the increasing
need for harmonized and organized data for both the doctors and the patients
the sales are expected to grow in the near future.
Competitive
Landscape in Philippines Health Tech Market
The competition
was again observed to be moderately fragmented however, within some product
segments; the competition is expected to become concentrated with the entry of
international especially in the Health IT sector.
Philippines Health Tech Market Future
Outlook and Projections
Factors such as cheap product variants,
additional availability of doctors, shifting from traditional to online health
services will drive the Philippines Health Tech market in the near future both
in terms of revenue and sales volume. Apart from domestic players, numerous
other international players might enter the market and will contribute towards
the growth of the Philippines health tech industry in the future.
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/
Davao and 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
For More
Information on the Research Report, Click on the below link: -
Future of Philippines Health Tech
Market
Related Reports by Ken Research: -
Indonesia Health Tech Market
Outlook to 2025 ( BY GMV - By Order Split on the basis of Prescribed drugs, OTC
drugs, Medical devices and other products, By city – Jakarta, Bandung, Surabaya
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 – Jakarta, Bandung, Surabaya and Others, By
Order platform – Mobile application and web browser)
Philippines Retail Pharmacy Market
By Market Structure, (Organized and Unorganized Market) , By Type of Store
Location (Standalone and Hospital Based Pharmacies) By Region (North, Central
and South), By Type of Sales (Prescribed Medicines, OTC Products,
Non-Pharmaceutical Products and Medical Equipment) By Type of Drug (Generic and
Patented Drug) and by Therapeutic Class.
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