Philippines Home Healthcare Market Analysis

Philippines Home Healthcare Market Analysis


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The Philippines' home healthcare market was valued at $0.79 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $1.46 Bn in 2030. A rapidly ageing population, and an increase in the prevalence of chronic conditions. These factors are all critical drivers of the Philippine home healthcare market's growth. The market is segmented by device type, service type, and indication type. The key players in the market are Alaya Health Care, Pure Swiss Wellness Mckenzie & Jones Healthcare, Shema Healthcare Products, Hi-Tech hearing centre Inc., and others

ID: IN10PHHS010 CATEGORY: Healthcare Services GEOGRAPHY: Phillipines AUTHOR: Chandani Patel

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Philippines Home Healthcare Market Executive Summary

The Philippines home healthcare market size was valued at $0.79 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $1.46 Bn in 2030. The Philippines is one of the fastest-growing emerging markets, and the 3rd highest economy in Southeast Asia by nominal GDP, following Thailand and Indonesia.

The healthcare services industry is composed of businesses, single proprietorships, and partnerships that provide human healthcare services and sell healthcare services and associated products. Businesses in this industry provide nursing care, residential substance abuse, and mental health facilities, dental treatment, and medical and diagnostic laboratory services, among other healthcare services. The primary categories of healthcare services include residential substance abuse and mental health facilities, hospitals and outpatient care facilities, doctors and other health practitioners, all other ambulatory healthcare services, ambulance services, dental services, home health care, residential nursing care services, and medical and diagnostic laboratory services. Hospitals and outpatient care centers offer medical diagnosis and treatment to patients with a range of medical problems.

The 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 the Philippines which would drive the acceptance of home medical devices and services, consequently leading to the growth of the market. Home healthcare is provided in a patient’s home, which includes skilled professionals through physical, speech, and occupational therapy. According to WHO, people aged 65 years may rise from 605 million in recent years to 2 Bn by 2050. Philippine's Home healthcare market is expected to gain market growth in the forecast period of 2022 to 2030

Philippines home healthcare market report 2022 to 2030

Market Dynamics

Market Growth Drivers

The demand for cost-effective healthcare delivery is rising due to rising healthcare costs, a rapidly aging population, and an increase in the prevalence of chronic conditions. These factors are all important drivers of the Philippines home healthcare market's growth.

Market Restraints

The lack of skilled nursing personnel with a compassionate attitude is anticipated to slow the rate of expansion of the Philippines home healthcare market.

Competitive Landscape

Key Players

  • Alaya Health Care 
  • Pure Swiss Wellness Mckenzie & Jones Healthcare 
  • Shema Healthcare Products
  • Hi-Tech hearing centre Inc. 
  • Medipharma Healthcare Solution Inc. 
  • Cube PCR. Centre & Maternity House Inc. 

Notable Recent Deals

Ayala Healthcare Holdings (AC Health), a wholly-owned subsidiary of Philippines-based Ayala Corporation, a conglomerate with multiple business interests 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

The Philippines government expanded the Senior Citizen’s Act of 2010 [Republic Act No. 9994] granting additional benefits and privileges to senior citizens, including a 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. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market 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 Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Philippines Home Healthcare Market Segmentation

By Device Type (Revenue, USD Billion):

Based on the device type the market is segmented into testing, screening, monitoring devices, therapeutic home healthcare devices, and mobility assist.

  • 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
  • Oxygen Delivery Systems
  • Nebulizers
  • Ventilators
  • Sleep Apnea Therapeutic Devices
  • Wound Care Products
  • IV Equipment
  • Dialysis Equipment
  • Insulin Delivery Devices
  • Inhalers
  • Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)
  • Mobility Assist
  • Walkers and Rollators
  • Wheelchairs
  • Canes
  • Crutches
  • Mobility Scooters

By Service Type (Revenue, USD Billion):

  • Skilled Nursing Services
  • Rehabilitation Therapy Services
  • Hospice and Palliative Care Services
  • Unskilled Care Services
  • Respiratory Therapy Services
  • Infusion Therapy Services
  • Pregnancy Care Services

By Indication Type (Revenue, USD Billion):

  • Cardiovascular Disorders & Hypertension
  • Diabetes
  • Respiratory Diseases
  • Pregnancy
  • Mobility Disorders
  • Hearing Disorders
  • Cancer
  • Wound Care
  • Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

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.

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Last updated on: 08 May 2024
Updated by: Riya Doshi

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