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The report covers Philippines Medical Device Market Revenue, Philippines Medical Device Market Sales, Philippines Medical Device Market Shares, Philippines Medical Device Market Size, Philippines Cardiac Devices Market, Philippines Dialysis Consumables Market.
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The Philippines medical devices market was valued at USD 669.32 Million in 2024, driven by the presence of an aging population and increased awareness are driving demand for devices such as prosthetics, hearing aids, and implants across the region. The market is anticipated to grow at a CAGR of 9.00% during the forecast period of 2025-2034, with the values likely to reach USD 1584.52 Million by 2034. In addition, policies like the Universal Health Care Act and the ASEAN Medical Device Directive are enhancing regulatory standards and expanding healthcare access, fostering a more favorable environment for medical device adoption.
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The report titled “Philippines Medical Devices Market Outlook to 2023
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Philippines Wearable Medical Devices Market is driven by advancements in technology, an emphasis on preventive healthcare, and the growing prevalence of chronic diseases.
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In Philippines Medical Devices Market, According to AO No-0002, the products must now require a Certificate of Medical Device Registration (CMDR).
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In Philippines Medical Supplies Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.
Comprehensive dataset of 60 Medical equipment manufacturers in Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
The Medical Supplies eCommerce market in the Philippines is predicted to reach US$40.1m revenue by 2025, reflecting an estimated growth rate of 15% compared to 2024.
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The adoption of medical device packaging in Southeast Asia is expected to grow at a CAGR of 5.6%. The medical device packaging space is projected to increase from US$ 2,022 million in 2023 to US$ 3,477 million by 2033. Southeast Asia's medical device packaging sales were valued at US$ 1,911 million in 2022, and are anticipated to exhibit Y-o-Y growth of 5.6% in 2023.
Attributes | Key Insights |
---|---|
Southeast Asia Medical Device Packaging Sales (2022A) | US$ 1,911 million |
Southeast Asia Medical Device Packaging Sales (2023E) | US$ 2,022 million |
Projected Southeast Asia Medical Device Packaging Revenue (2033F) | US$ 3,477 million |
Value-based CAGR (2023 to 2033) | 5.6% |
Country wise Insight
Countries | Market Value (2033) |
---|---|
Indonesia | US$ 507.9 million |
Malaysia | US$ 746 million |
Philippines | US$ 413.5 million |
Singapore | US$ 318 million |
Thailand | US$ 429.2 million |
Vietnam | US$ 424.9 million |
Countries | Value CAGR |
---|---|
Indonesia | 3.7% |
Malaysia | 4.5% |
Philippines | 5.6% |
Singapore | 6.3% |
Thailand | 6.6% |
Vietnam | 8.0% |
Category-wise Insights
Category | Forecast CAGR (2023 to 2033) |
---|---|
Bags and Pouches (Packaging Format) | 4.7% |
Disposable Medical Supplies (Application Type) | 5.8% |
Scope of Report
Attribute | Details |
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Estimated Southeast Asia Medical Device Packaging Size (2023) | US$ 2,022 million |
Projected Southeast Asia Medical Device Packaging Valuation (2033) | US$ 3,477 million |
Value-based CAGR (2023 to 2033) | 5.6% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ Million, Volume in Tonnes, and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Key Companies Profiled |
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Comprehensive dataset of 3 Medical equipment suppliers in Agusan Del Norte, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
Comprehensive dataset of 573 Medical equipment suppliers in Metro Manila, Philippines as of August, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
Comprehensive dataset of 4 Medical equipment suppliers in Isabela, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
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GlobalData, the industry analysis specialist, has released its latest report, “CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Philippines”. The report is an essential source of information and analysis on the healthcare, regulatory and reimbursement landscape in Philippines. It identifies the key trends in the healthcare market and provides insights into the demographic, regulatory, reimbursement landscape and healthcare infrastructure of Philippines. Most importantly, the report provides valuable insights into the trends and segmentation of the pharmaceutical and medical device markets. It is built using data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts. In 2015, Philippines population was approximately at 100.9 million. The government of Philippines has been making continuous efforts to strengthen the economy to ensure long-term growth, and the pharmaceutical market is seen as a key industry for the country’s future growth. To support this industry, the government has improved regulatory guidelines and initiatives to develop the domestic pharmaceutical market. The Philippines pharmaceutical market is the third-largest pharmaceutical market in the Association of Southeast Asian Nations (ASEAN), after Indonesia and Thailand. The Pharmaceutical market was estimated to be worth $3.4 billion in 2015 and expected to reach $4.1 billion by 2020. The market grew nominally at a Compound Annual Growth Rate (CAGR) of 3.7% over the 2008-2020 period. The medical device market was valued at $400m in 2008 and is expected to reach approximately $600m by 2020, at a projected CAGR of 8.1%. These positive trends can primarily be attributed to: An increasing elderly population in Philippines, leading to increases in disease incidence and prevalence as well as higher need for long-term care and medical devices Increasing awareness in the medical community and the general population regarding early disease detection and diagnosis, leading to higher rates of adoption of treatments and healthcare Read More
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The size of the Philippines Diabetes Drugs and Devices market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 4.00% during the forecast period.Diabetes medications and medical devices are crucial in the management and treatment of a chronic illness: high blood sugar. Drugs work by either modulating secretion of insulin, enhancing sensitivity to insulin, or directly lowering blood glucose. These include: insulin, oral anti-diabetic drugs, and more recently discovered classes of drugs: GLP-1 receptor agonists and SGLT-2 inhibitors.Alternative diabetes devices help track and control blood glucose levels. Among these, mostly used are blood glucose meters and continuous glucose monitoring systems, insulin pumps, and pen injectors. They provide information of the patients' blood sugar levels condition directly and enable them to decide their diet, exercise, and medicine intake.The Philippines diabetes drugs and devices market is growing primarily due to the high rise in the prevalence of diabetes among Filipinos.An increasing awareness of diabetes, a rapidly aging population, and changing lifestyles have increased demand for more efficient tools in diabetes management. Despite the strong position held by multinational pharmaceutical companies, there are actually emerging local players making medicines far more affordable to patients. At the same time, high health care costs and generally limited access to health care continue to be threats to this market. However, despite the effort by government to reduce the prevalence of diabetes and growth in the use of advanced diabetes technologies, the market for diabetes drugs and devices will continue to grow in the Philippines. Recent developments include: November 2022: The Centers for Disease Control and Prevention (CDC) established an office in the Philippines in 2022 to strengthen and expand existing partnerships with the Philippines Department of Health (DOH). CDC supports the DOH to advance a broad range of health priorities, including increased global health security in Asia., April 2022: Abbott, CamDiab, and Ypsomed announced the partnership to develop and commercialize an integrated automated insulin delivery (AID) system in European countries. The connected, smart wearable solution is designed to continuously monitor a person's glucose levels and automatically adjust and deliver the right amount of insulin at the right time, removing the guesswork of insulin dosing.. Key drivers for this market are: , The Rise in Global Prevalence of Cases of Obesity due to Modern Sedentary Lifestyles; Rise in Awareness and Disposable Income in Developed Economies. Potential restraints include: , Highly Cost of Branded Products in Emerging Countries; Severe Adverse Associated with Medication Including Seizures, Suicidal Attempts and Even Death; Adoption of Traditional Yoga and Herbal Products. Notable trends are: The continuous Glucose Monitoring Segment is Expected to Witness the Highest Growth Rate Over the Forecast Period.
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In Philippines Cardiac Care Medical Equipment Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,
Comprehensive dataset of 2 Medical equipment suppliers in Cotabato, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
As of the moving annual total (MAT) in September 2022, there were *** new products launched in the ethical market in the Philippines. This was an increase compared to the new product launched in the previous year. Ethical market refers to medical products that can be obtained only using a prescription from a medical professional.
Comprehensive dataset of 2 Medical equipment suppliers in Camarines Norte, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
Comprehensive dataset of 1 Medical equipment suppliers in Bohol, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
Comprehensive dataset of 1 Medical equipment suppliers in Proper, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
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The report covers Philippines Medical Device Market Revenue, Philippines Medical Device Market Sales, Philippines Medical Device Market Shares, Philippines Medical Device Market Size, Philippines Cardiac Devices Market, Philippines Dialysis Consumables Market.