Philippines Medical Devices Q2 2020
We expect the Philippines medical device market to register a low double-digit CAGR over the 2019-2024 period, withimports supplying much of the market. The market will benefit from a strong economic performance over the next five years.Modernisation of hospitals and other key health sector development projects will drive market growth, while new medical deviceregulations will strengthen the country's regulatory environment and drive up standards in line with the move to establish aninternationally aligned regulatory system under the ASEAN Medical Device Directive (AMDD). The capital and surrounding areas willcontinue to provide the best prospects for growth.
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