Philippines Electronic Health Records Market Analysis Report [2022-30] I Insights10

Philippines Electronic Health Records Market Analysis

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The Philippines Electronic Health Record (EHR) market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. The market is segmented by product, application, and end user. The Philippines EHR market will grow due to growing awareness of the benefits of EHRs. The key market players are iClinic, Medilink, Health Data Management Inc. PhilHealth, Siemens Healthineers, Cerner, and others.

ID: IN10PHDH008 CATEGORY: Digital Health GEOGRAPHY: Phillipines AUTHOR: Chandani Patel

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Philippines Electronic Health Record (EHR) Market Executive Summary

The Philippines Electronic Health Record (EHR) market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. According to the World Bank, healthcare expenditure as a percentage of GDP in the Philippines is around 4%. The Philippines government has been investing in healthcare and digital health to improve healthcare accessibility and quality, but the sector remains underfunded.

In terms of digital health spending, the Philippines government has been investing in the development and implementation of digital health solutions in order to improve the quality and efficiency of healthcare services. The government has been focusing on implementing digital health solutions such as telemedicine, electronic health records (EHRs), and health information exchange (HIE) systems to improve the accessibility, affordability, and quality of healthcare services. The government has been working to establish a nationwide EHR system, and make EHRs available to all secondary care providers to improve the coordination and continuity of care for patients.

Digital health solutions have been a major focus for the Philippines government in recent years, with a significant amount of investment made in the development and implementation of digital health solutions to improve the efficiency and accessibility of healthcare services in the Philippines.

The EHR system allows healthcare providers to access a patient's health information from multiple sources, and it also allows for the sharing of patients' health information across different care settings. Currently, the majority of public hospitals and some private hospitals and clinics in the Philippines use EHRs. However, the adoption of EHRs in the Philippines is still relatively low, especially in rural and remote areas. The government has been working towards making EHRs available to all secondary care providers to improve the coordination and continuity of care for patients.

Market Dynamics

Market Growth Drivers

Growing awareness of the benefits of EHRs: The demand for EHRs is rising as more healthcare professionals and people learn about the advantages of EHRs, including better patient care, more effective healthcare delivery, and better population health management.
Increase in chronic diseases: The need for more effective healthcare delivery is being driven by the rising prevalence of chronic diseases including diabetes, heart disease, and cancer, which can be handled through the usage of EHRs.
Advancements in technology: EHR implementation is becoming simpler and more affordable as a result of ongoing improvements in healthcare technology, which is fueling the market's expansion.

Market Restraints

Some healthcare providers, especially smaller clinics and hospitals, may find it difficult to deploy and maintain EHR systems due to the high cost. Additionally, if healthcare professionals are unfamiliar with EHRs and the advantages they might offer, they may be reluctant to accept new technology.

The lack of qualified employees to handle and manage EHRs can also be a restriction, which can hold down the adoption and implementation process. Data privacy and security concerns are also a worry, as they are with any technology that saves and processes sensitive patient information.

Competitive Landscape

Key Players

iClinic (PHL)
Medilink (PHL)
Health Data Management Inc. (PHL)
PhilHealth (PHL)
Siemens Healthineers
Cerner
MEDITECH
NextGen Healthcare
Epic Systems
Siemens Healthineers

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Data Privacy Act of 2012 is a law that sets out how personal information must be handled by organizations, including healthcare providers. The act regulates the collection, use, and disclosure of personal data and provides individuals with the right to access and correct their personal data.

The Department of Health (DOH) is responsible for the regulation of healthcare providers that use EHR systems, ensuring that they are compliant with the regulations and standards as per the Data Privacy Act of 2012. The DOH also implements the National Health Information System (NHIS) which aims to establish a nationwide EHR system. As part of the plan, the DOH is working to ensure that EHR systems are interoperable and that healthcare providers have the necessary skills and resources to use them effectively.

The Department of Information and Communications Technology (DICT) is responsible for the regulation of the technical aspects of EHR systems, including the security and interoperability of the systems. The DICT also provides guidelines for the implementation of EHR systems and ensures that the systems comply with the relevant laws and regulations.

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

Electronic Health Records Market Segmentation

By Product (Revenue, USD Billion):

Web-based and cloud-based software is more affordable since it saves on additional costs like license fees, regular upgrades, and device upkeep. Additionally, it reduces the need for IT workers because SaaS providers help with software installation, configuration, testing, operation, and upgrades. The cost-effectiveness of cloud-based EHR systems in small healthcare organizations will therefore fuel developments as well as the expansion of the category. MHealth services

Web/Cloud-based EHR software
On-premise EHR software

By Application Type (Revenue, USD Billion):

Large amounts of patient health data may be stored and processed by EHRs, which aids doctors in automating both financial and operational operations with rapid and simple access. Therefore, integrated EHR and practice management software navigates all tasks, making it easier for front-line healthcare providers to do their jobs, and will therefore drive the segment's revenue during the anticipated time period.

E-prescription
Practice management
Referral management
Patient management
Population health management

By End User (Revenue, USD Billion):

By 2027, the category of ambulatory surgical centres is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centres' growing preference for digital technologies to efficiently manage workflow. These are outpatient facilities offering planned surgeries and same-day surgical services.

Hospitals
Specialty centers
Clinics
Ambulatory surgical centers
Others

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.