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Medical Device Market: Peru & Philippines New Market Research Report Available At Researchmoz.us
Date:4/21/2013

ively.Growth was moderate for consumables, diagnostic imaging apparatus and dental products, which recorded rises of 7.5%, 3.8% and 3.1% in US dollar terms, respectively.

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The Philippines' medical device market(http://www.researchmoz.us/the-medical-device-market-peru-report.html) is expected to grow at a solid 8.8% in the medium term. This growth will be spearheaded by the growth of imports, health expenditure, the private sector and medical tourism.

The Philippines has a history of political instability. The current ruling administration has had its fair share of controversy. The highly devolved health sector makes it difficult to stamp out corruption and other bureaucratic problems.

Medical device spending is around US$3 per capita in 2012, similar to that in Vietnam and China. The Philippines has some domestic capacity to produce basic hospital items, but the majority of the market is supplied by imports. Private hospitals in Manila represent the best prospects for suppliers.

The government plans to achieve universal healthcare by 2016. One of the steps taken to achieve this goal has been the widening of health insurance membership coverage. Since 2011, the government has paid for the health insurance membership (PhilHealth scheme) of 5.3 million of the poorest families, equal to around 25 million people, as identified by the National Household Targeting System for Poverty Reduction Poverty Reduction of the Department of Social Welfare and Development. Families identified under this scheme are except from balance-billing (exempt from paying the difference between the insurance payout and the hospital
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