Philippines 3D Imaging Market Analysis Report 2022 to 2030

Philippines 3D Imaging Market Analysis

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The Philippines 3D imaging market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR xx% during the forecast period of 2022-30. The market will be driven by technological advancements such as an increase in the resolution and accuracy of 3D imaging devices and government initiatives & investments. The market is segmented by product, application, by end-user & by portability. Some of the major players include Siemens Healthineers, GE Healthcare & Philips Healthcare

ID: IN10PHDH001 CATEGORY: Digital Health GEOGRAPHY: Phillipines AUTHOR: Vidhi Upadhyay

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Philippines 3D Imaging Market Executive Summary

The Philippines 3D imaging market is projected to grow from $xx Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. According to the Philippine Statistics Authority (PSA), each Filipino spent $179.35 on health care in 2021. This amounted to a 17% increase over the $153.33 per capita health spending reported in 2020. Cancers of the lung, breast, colon, rectum, and prostate are all frequent. Cancer affects 189 of every 100,000 Filipinos in the Philippines, with 4 Filipinos dying of cancer per hour, or 96 cancer patients every day. CVDs are a subset of noncommunicable diseases (NCDs), which are expected to account for 72% of all deaths in the country by 2021 as per the Philippine Statistics Office (PSA). The Philippines' 3D imaging industry is expanding as the need for improved imaging technology rises. With the increase in chronic illnesses such as cancer and cardiovascular disease, there is a greater need for reliable and precise imaging tools.

To provide better diagnostic services to their patients, several healthcare providers in the Philippines have invested in 3D imaging technology, such as CT scanners and MRI machines, in recent years. This has resulted in an increase in the country's market for 3D imaging services. In addition to increased demand, the Philippine government has made investments in the healthcare sector to improve individuals’ access to imaging services. The government has launched efforts, such as the PhilHealth program, to assist people seeking imaging services financially.

In February 2023, Abdul Latif Jameel Health, made a distribution agreement with iSono Health, to launch a portable 3D ultrasound breast imaging scanner called “ATUSA scanner” across 31 countries including the Philippines. It is the world’s 1^st AI-driven portable 3D Breast ultrasound scanner.

Market Dynamics

Market Growth Drivers

The need for 3D imaging is increasing as the number of less invasive surgical procedures increases. These scans give a thorough and accurate perspective of the patient's anatomy, allowing for more precise and minimally invasive surgery. In the Philippines, the prevalence of chronic illnesses such as cancer, cardiovascular disease, and neurological disorders is increasing, resulting in an increase in demand for 3D imaging. With the Philippines’ rising middle-class population, healthcare spending has increased significantly, fuelling the expansion of the 3D imaging industry. Moreover, technological advancements such as an increase in the resolution and accuracy of 3D imaging devices and government initiatives and investments are expected to drive the growth of the 3D imaging market in the Philippines in the coming years.

Market Restraints

Despite increases in healthcare spending in the Philippines, the percentage of the healthcare budget allocated to the procurement of modern medical equipment, such as 3D imaging devices, remains low. This may impede the market's expansion. Moreover, high equipment costs, a shortage of experienced specialists, restricted access to equipment in remote locations, and data privacy and security issues are some more constraints that may restrict the growth of the market.

Competitive Landscape

Key Players

Siemens Healthineers
GE Healthcare
Philips Healthcare
Toshiba Medical Systems
Hitachi Medical Systems

Notable Deals

November 2022, At RSNA, Philips introduces new AI-enhanced informatics solutions having an integrated diagnostic strategy that combines radiology, cardiology, pathology, and oncology to securely unify data and pictures throughout the organization, allowing for an earlier and more conclusive diagnosis
In July 2022, GE Healthcare will release The Voluson Expert 22, a next-generation ultrasound device for pregnant women
June 2022, Siemens Healthineers Cios Spin with The Intuitive Ion System FDA certification allowed for seamless cone beam CT scans during robotic bronchoscopy treatments
March 2022, Siemens Healthineers introduced its solutions in MRI and CT portfolio- MAGNETOM Free. Star and NAEOTOM Alpha®

Healthcare Policies and Regulatory Landscape

In 2019, the Philippines signed the Universal Health Care Law (UHC). To encourage more Filipinos to consult specialized doctors and undergo advanced medical treatments, the UHC plans to pay at least 50% of medical expenditures. The Philippine Food and Drug Administration's Center for Device Regulation, Radiation Health, and Research (CDRRHR - FDA) is in charge of medical device registration. The Philippines is a contributor to the ASEAN Medical Device Directive, which categorizes medical devices into four risk classes: A, B, C, and D.

Reimbursement Scenario

The compensation for 3D imaging services for people with PhilHealth coverage, the Philippine government's national healthcare insurance program, is set by the PhilHealth benefit schedule. The reimbursement of 3D imaging services may vary depending on the type of imaging used, such as CT scans, MRI scans, or ultrasounds, as well as the health issue being treated.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Philippines 3D Imaging Market Segmentation

By Product (Revenue, USD Billion):

The 3D Imaging Market is divided majorly into X-ray Imaging Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound & Nuclear Imaging Systems. X-ray Imaging systems have the highest market share in the 3D Imaging market. 3D X- rays are mostly utilized for dental and orthopedic applications. 3D Ultrasound is majorly helpful in tracking the dynamic motion of arteries, and veins and also has applications for various fetal, cardiac, obstetric, and rectal examinations, and many more. The ultrasound segment is predicted to develop substantially over the forecast period, primarily to the advancements in technology in the healthcare industry and the several advantages given by 3D ultrasound imaging over standard ultrasound imaging.

X-ray Imaging Systems
Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Ultrasound
Nuclear Imaging systems

By Application (Revenue, USD Billion):

The market for 3D Imaging has applications covering Cardiology, Neurology, Orthopaedics, Gynaecology, Oncology, and other areas of diagnostics as well. Cardiovascular diseases are the leading cause of death globally. The second biggest cause is cancers because of which Oncology holds the highest market share in the 3D Imaging market followed by cardiology as 3D imaging is highly utilized in these two segments for diagnostics and treatments of the same. Neurosurgeons desire three-dimensional (3D) imagery of intracranial tumors, neural structures, skulls, and veins to establish a clear visual image of the surgical field's anatomical orientation prior to surgical intervention aiding better surgical outcomes for patients. Obstetricians employ 3D ultrasound scans to see the gestational sac, pinpoint the location of an ectopic pregnancy, and evaluate for fetal deformities of the face, spine, limbs, and heart. 3D Imaging applications for gynecology are yet in evolving stage and have a great scope for expansion allowing feasible and quick patient care.

Cardiology
Neurology
Orthopedics
Gynecology
Oncology
Others (Urology, etc.)

By End User (Revenue, USD Billion):

Hospitals, Diagnostic Imaging Centers, and other end-user such as private clinics make up the segments of the 3D Imaging Market. The hospitals among these hold the biggest market share due to the increased uptake of cutting-edge medical technology, the expansion of existing 3D Imaging facilities, the rising affordability of 3D Imaging services, the rising prevalence of chronic conditions such as cardiovascular diseases, cancers, respiratory diseases which lead to rising in demand for precise and quick diagnostic and treatment options. Diagnostic Imaging Centers have also been deploying 3D Imaging equipment to improve their standard of care.

Hospitals
Diagnostic Imaging Centers
Other End Users

By Portability (Revenue, USD Billion):

The 3D Imaging market is divided into two segments Stationary & Mobile, considering the portability of the device. Stationary 3D imaging involves equipment that is installed at a particular location and is operated from the same location of installment whereas mobile ones can be relatively smaller in size and hence moved to the patients who are unable to locate the Imaging room. Mobile MRI, Ultrasound, X–ray & CT allow cutting-edge healthcare to be delivered to nearly any location and are yet in the developing stages of expansion.

Stationary
Mobile

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.