Market Research Report Private Hospitals in the Philippines, | Page 14

April 2017
Philippines Hospital Market Outlook to 2021
provided by the government at concessional prices further limit the revenues earned by
government entities. It has been observed that Philippines based government hospitals
approximately charge one third of the cost charged by private hospitals in the country.
Multi-specialty hospitals in the Philippines dominate the market with a revenue share
of ~% in 2016, owing to their advanced consultation benefits from doctors with diverse
specialties. The fact that the investors in the country prefer to invest on multi-specialty
hospitals owing to their benefit of providing services in multiple specialties in
approximately same capital investment has consequently resulted in more number of
multi-specialty hospitals and high revenue generation from the segment. Single
specialty hospitals on the other hand have a low revenue share in the overall hospitals
market of the country majorly due to the fact that they are less in number.
Growing at a rapid pace, tertiary hospitals dominated the market in 2016 with share of
~% in the overall revenues of the hospitals market in the country. Tertiary hospitals
serve as the basis for growth in medical tourism in the Philippines as international
patients prefer hospitals where they can avail the best in-class health facilities. Primary
hospitals, due to their limited services only in form of outpatient services or day care
surgeries and dental surgeries, contributed ~% in the revenues of overall hospitals
market of the Philippines in 2016. However, low cost of the consultation and easy
accessibility helped these hospitals in attaining second position in the market.
Competitive Scenario
Philippine Heart Center dominated the overall hospital market of the country with the
revenue share of ~% in 2016. The adoption of „Clinical Pathways‟ , applicable under the
PhilHealth Z-Benefit Program by the hospital, helping over ~ patients with bypass
surgeries till 2016 has been the major reason responsible behind its dominating market
position. Southern Philippines Medical Center followed the Philippine Heart Center in
terms of market share with revenue of USD ~ million in 2016. Competent and advanced
technology available in the Southern Philippines Medical Center makes it at par with
the country‟s leading hospitals including Makati Medical Center and St. Luke‟s Medical
Center and is thus preferred by the people of the Philippines. Other potential players
operating in the market include Philippine Orthopedic Center, VSMMC, Rizal Medical
Center, Dr. Jose Fabella Memorial Hospital, Dr. Jose N Rodriguez Memorial Hospital,
National Center for Mental Health, Veterans Memorial Medical Center, and Culion
Sanitarium and General Hospital.
Key Topics Covered in the Report:
The market size of the Philippines Hospitals Market By Revenues and By Number of
Hospitals and Number of Beds
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