Philippines Home Healthcare Market Analysis

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  • Type: Service sector
  • Published : September 2022
  • Report ID : 5055

  • Format: PPT, PDF

Philippines Home Healthcare Market: Segmented by Device Type, Disease Type, Service Type, Distribution Channel Type, and Software Type– Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2030

 

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Report Description of the Philippines Home Healthcare Market

Research Scope and Assumption

  • The report provides the market value for the base year 2021 and a yearly forecast up to 2030 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of Philippines Home Healthcare Drugs market
  • To classify and forecast Philippines Home Healthcare Market market based on application, drugs, project type, and application.
  • To identify drivers and challenges for Philippines Home Healthcare market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in Philippines Home Healthcare market
  • To conduct pricing analysis for Philippines Home Healthcare Drugs market
  • To identify and analyze the profile of leading players operating in Philippines Home Healthcare market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Atopic Dermatitis drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

Philippines Home Healthcare Market Executive Summary

Philippines home healthcare market represents a wide range of home medical devices and services to support patients with chronic disease conditions. The risk and prevalence of chronic and lifestyle related diseases are constantly increasing in Philippines which would drive the acceptance of home medical devices and services, consequently leading to the growth of the market.

Market Size and Key Findings

The Philippines Home Healthcare market size is at around USD xx billion in 2021 and is projected to reach USD xx billion in 2030, exhibiting a CAGR of xx% during the forecast period.

Home healthcare is provided in a patient’s home, which includes skilled professional through physical, speech and occupational therapy. According to WHO, people aged 65 years may rise from 605 million in recent year to 2 billion by 2050. Philippines Home healthcare market is expected to gain market growth in the forecast period of 2021 to 2030

Market Dynamics

The key factors driving the home healthcare market of Philippines are Increasing cases of chronic diseases leading to rising usage of home healthcare devices, Technological advancement, Increasing geriatric population, and Insurance coverage

Market Restraints

There are many challenges facing home healthcare care market in Philippines,the safety concern of the patient and lack of skilled home healthcare service providers would control the market development.

Competitive Landscape

Key Players

Some of the key players operating in the Philippines home healthcare market are Alaya Health Care Inc., Pure Swiss Wellness Mckenzie & Jones Healthcare, Shema Healthcare Products, Hi-Tech hearing centre Inc., Medipharma Healthcare Solution Inc., Cube PCR. Centre & Maternity House Inc and Others

Products in Pipeline

RxBox is a device which captures medical signals through built-in sensors, stores data in an electronic medical record (EMR), and transmits health information via internet.

Jointly developed by the University of the Philippines (UP) Diliman and Manila, the device reduces unnecessary travels and hospitalizations as it enables diagnosis, monitoring, and treatment of patients from geographically isolated and depressed areas of the country.

Notable Recent Deals

Ayala Healthcare Holdings (AC Health), a wholly-owned subsidiary of Philippines-based Ayala Corporation, a conglomerate with multiple business interest in real estate, banking, telecom, etc., has made an investment in AIDE, a startup delivering healthcare services at patients’ doorsteps.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Philippines Home Healthcare

Philippines Goverment expanded Senior Citizen’s Act of 2010 [Republic Act No. 9994] Grants additional benefits and privileges to senior citizens, including 20% discount and exemption from the value-added tax (VAT) on Home Healthcare Services. Also Free medical and dental services, diagnostic and laboratory fees in all private outsourced, medical facilities, outpatient clinics, and home health care services.

1. Report Description of the Philippines Home Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Philippines Home Healthcare Market Executive Summary
2.1 Philippines Home Healthcare Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Philippines Home Healthcare Market
3.1 Market Growth Drivers Analysis
3.1.1 Increasing Cases of Chronic Diseases Leading to Rising Usage of Home Healthcare Devices
3.1.2 Technological Advancement
3.1.3 Increasing Geriatric Population
3.1.4 Insurance Coverage
3.2 Market Restraints Analysis
3.2.1 Safety Concern
3.2.2 Lack of Skilled Home Healthcare service Providers
3.3 Covid-19 Market Impact Analysis
3.3.1 Positive impact on outcomes
4. Philippines Home Healthcare Market Segmentation
4.1 By Device Type Analysis:
4.1.1 Testing Screening, and Monitoring Device
4.1.1.1 Blood Glucose Monitors
4.1.1.2 Blood Pressure Monitors
4.1.1.3 Heart Rate Monitors
4.1.1.4 Temperature Monitors
4.1.1.5 Sleep Apnea Monitors
4.1.1.6 Coagulation Monitors
4.1.1.7 Ovulation and Pregnancy Test Kits
4.1.1.8 Pulse Oximeters
4.1.1.9 Home Hemoglobin A1C Test Kit
4.1.2 Therapeutic Home Healthcare Devices
4.1.2.1 Insulin Delivery Devices
4.1.2.2 Dialysis Equipment
4.1.2.3 Wound cre Products
4.1.2.4 Inhalers
4.1.2.5 Nebulizers
4.1.2.6 IV Equipment
4.1.2.7 Ventilators
4.1.2.8 Oxygen Delivery System
4.1.3 Wound Care
4.1.3.1 Advance Wound dressing
4.1.3.2 Traditional Wound Dressing
4.1.3.3 Negative Pressure Wound Therapy
4.1.3.4 Others
4.1.4 Mobility Assist
4.1.4.1 Canes
4.1.4.2 Crutches
4.1.4.3 Walkers and Rollators
4.1.4.4 Wheelchairs
4.1.4.5 Mobility Scooters
4.1.5 Continence Care
4.1.5.1 Briefs and Diapers
4.1.5.2 Underpads and Liners
4.1.5.3 Catheters
4.1.5.4 Others
4.2 By Service Analysis:
4.2.1 Skilled Nursing care
4.2.1.1 Cardiac and respiratory Assessment
4.2.1.2 Diabetic care
4.2.1.3 Wound Care
4.2.1.4 Pain Management
4.2.1.5 IV Therapy
4.2.1.6 Cancer Care
4.2.1.7 Others
4.2.2 Rehabilitation Care
4.2.2.1 Occupational therapy
4.2.2.2 Physical Therapy
4.2.2.3 Speech and Language Pathologist
4.2.3 Hospice and Palliative Care
4.2.4 Respiratory Care Services
4.2.5 Infusion Therapy Services
4.2.6 Technological Services
4.2.7 Durable Medical Equipment Services
4.2.8 Pregnancy Care Services
4.2.9 Unskilled Care Services
4.2.9.1 Domestic
4.2.9.2 Personal
4.2.9.3 Others
4.3 By Disease Analysis:
4.3.1 Heart Diseases
4.3.2 Hypertension
4.3.3 Bone and Joint Diseases
4.3.4 Diabetes
4.3.5 Chronic Obstructive Pulmonary Diseases
4.3.6 Dementia/Alzheimer’s Diseases
4.3.7 Infective Diseases
4.3.8 Parkinson’s Diseases
4.3.9 Others
4.3.9.1 Cardiac and respiratory Assessment
4.3.9.2 Diabetic care
4.4 By Distribution Channel Analysis:
4.4.1 Overview
4.4.2 Direct Tenders
4.4.3 Retail Sales
4.5 By Software Analysis:
4.5.1 Clinical Management System
4.5.2 Agency Software
4.5.3 Hospice Solutions
5. Philippines Home Healthcare Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Philippines Home Healthcare Market
6.4 Notable recent deals in Philippines Home Healthcare Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Alaya Health Care Company Overview
Product & Services, Strategies & Financials
7.2 Pure Swiss Wellness Mckenzie & Jones Healthcare Company Overview
Product & Services, Strategies & Financials
7.3 Shema Healthcare Products Company Overview
Product & Services, Strategies & Financials
7.4 Hi-Tech hearing centre Inc. Company Overview
Product & Services, Strategies & Financials
7.5 Medipharma Healthcare Solution Inc. Company Overview
Product & Services, Strategies & Financials
7.6 Cube PCR. Centre & Maternity House Inc. Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Philippines Home Healthcare Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Philippines Home Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations

Home Healthcare Market Segmentation

By Device Type Analysis:

  • Testing Screening, and Monitoring Device
    • Blood Glucose Monitors
    • Blood Glucose Monitors
    • Blood Pressure Monitors
    • Heart Rate Monitors
    • Temperature Monitors
    • Sleep Apnea Monitors
    • Coagulation Monitors
    • Ovulation and Pregnancy Test Kits
    • Pulse Oximeters
    • Home Hemoglobin A1C Test Kit
  • Therapeutic Home Healthcare Devices
    • Insulin Delivery Devices
    • Dialysis Equipment
    • Wound cre Products
    • Inhalers
    • Nebulizers
    • IV Equipment
    • Ventilators
    • Oxygen Delivery System
  • Wound Care
    • Advance Wound dressing
    • Traditional Wound Dressing
    • Negative Pressure Wound Therapy
    • Others
  • Mobility Assist
    • Canes
    • Crutches
    • Walkers and Rollators
    • Wheelchairs
    • Mobility Scooters
  • Continence Care
    • Briefs and Diapers
    • Underpads and Liners
    • Catheters
    • Others

By Service Type Analysis:

  • Skilled Nursing care
    • Blood Glucose Monitors
    • Cardiac and respiratory Assessment
    • Diabetic care
    • Wound Care
    • Pain Management
    • IV Therapy
    • Cancer Care
    • Others
  • Rehabilitation Care
    • Occupational therapy
    • Physical Therapy
    • Speech and Language Pathologist
    • Hospice and Palliative Care
    • Respiratory Care Services
    • Infusion Therapy Services
    • Technological Services
    • Durable Medical Equipment Services
    • Pregnancy Care Services
  • Unskilled Care Services
    • Domestic
    • Personal
    • Others

By Disease Type Analysis:

  • Heart Diseases
  • Hypertension
  • Bone and Joint Diseases
  • Diabetes
  • Chronic Obstructive Pulmonary Diseases
  • Dementia/Alzheimer’s Diseases
  • Infective Diseases
  • Parkinson’s Diseases
  • Others 

By Distribution Channel Type Analysis:

  • Overview
  • Direct Tenders
  • Retail Sales

By Software Type Analysis:

  • Clinical Management System
  • Agency Software
  • Hospice Solutions

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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