Sunday, July 21, 2024

Email id:, Contact Us : +91-9871552944

Home Health Care General Healthcare The Philippines Clinical Laboratory Market is expected to grow at CAGR of...

The Philippines Clinical Laboratory Market is expected to grow at CAGR of 8.99% from 2022 to 2027 owing to Comprehensive Test Menu, Government Regulation and Technological Advancements: Ken Research

Ecosystem of Clinical Laboratories Market in Philippines

Philippines Clinical Laboratories Market is at a growing stage and has a highly fragmented market with about 4000+ labs all over Philippines. The competitive rivalry is medium among the competitors. There are Private Hospitals and Independent Labs in the market. Hi-Precision and The Medical City dominated the market in 2022P.

Key Findings

  • The growth is expected to drive by increasing digital presence, expansion of laboratories to all the regions of Philippines, increasing healthcare budget by the government, more awareness among the people and rising standard of living among others.
  • Revenue from private sector is expected to go up further as more private laboratories are opening up. Private laboratory chains are expanding to all over Philippines.
  • As government regulations are becoming stricter in the laboratory industry, more labs are expected to get affiliated with the Department of Health in future. Also, since DOH licensed entity is more reliable, people are more likely to approach institutional labs in the future as they become more aware.

Philippines Clinical Laboratory Market

To Know More about this report, download a Free Sample Report

Emergence of testing kits and POCT: The purpose of POCT is to provide immediate information about the patient’s condition. These device helps in rapid decision-making abilities, to reduce the turnaround time and improve patient care, which will negatively affect the demand for clinical laboratory testing due to its proximity and ease of access.

Rising Health Consciousness: People’s consumption patterns are shifting to the health component as a new habit, so that people are increasingly prioritizing health consumption. More people are enrolled in the PhilHealth (National Health Insurance Scheme) program and more people are going for regular checkups. Post covid people have become more conscious for their health.

Comprehensive Test Menu: Laboratory chains have helped in expanding the test menu and offering sophisticated tests and lucrative packages in Philippines; these chains are acting as referral centers for hospitals and stand-alone labs in the country for advanced testing.

Newer Delivery Models: Laboratory chains in Philippines are instrumental in transforming the industry; these chains have played a critical role in shaping the new delivery models while focusing on quality and patient centricity. New services like Mobile Laboratory Clinic and Home services are becoming popular in Philippines.

Analysts at Ken Research in their latest publication Philippines Clinical Laboratory Market Outlook to 2027F– Driven by increasing awareness, widening customer base, digitalization and increasing corporate requirements for clinical testing” by Ken Research observed that Clinical Laboratory market is an emergent healthcare market in Philippines at a growing stage from the economic crisis after pandemic. The rising government policies and demand for medical attention, health consciousness among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 8.99% CAGR during 2022-2027F owing to the Emergence of testing kits and POCT, Newer Delivery Models and new government policies.

Key Segments Covered in the report: –

Philippines Clinical Laboratories Market

By Ownership

  • Private
  • Public

By Structure-Revenue

  • Organized Labs
  • Unorganized Labs

By Payor- Independent Labs

  • Out of Pocket
  • Private Health Insurance
  • Government

By type of reference

  • Doctor Referrals
  • Walk-Ins
  • Corporate Clients
  • External Referrals
  • Online Referrals

By Number of Tests- Independent Labs

  • Routine
  • Esoteric
  • Non-Laboratory

Ask for Customization 

By Institutional Character

  • Institutional
  • Non-Institutional

By Level of services

  • Primary
  • Secondary
  • Tertiary
  • Limited

Number of Labs- By Region

  • Region 1 (ILOCOS)
  • Region 2 (CAGAYAN VALLEY)
  • Region 3 (CENTRAL LUZON)
  • Region 4A (CALABARZON)
  • Region 4B (MIMAROPA)
  • Region 5 (BICOL)
  • Region 6 (WESTERN VISAYAS)
  • Region 7 (CENTRAL VISAYAS)
  • Region 8 (EASTERN VISAYAS)
  • Region 11 (DAVAO)
  • Region 12 (SOCCSKSARGEN)
  • Region 13 (CARAGA)
  • NCR
  • CARR

Key Target Audience

  • Clinic Service Providers
  • Clinic Equipment Distributors
  • Clinic Equipment Manufacturers
  • Clinics
  • Hospitals
  • Healthcare Companies
  • Pharmaceutical Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities
  • Market Research and Consulting Firms

Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Period: 2022P
  • Forecast Period: 2023F-2027F

Companies Covered:

  • Hi- Precision
  • The Medical City
  • Medicus Diagnostics
  • Singapore Diagnostics
  • New World Diagnostics
  • Medi card
  • Aventus Medical Care

Key Topics Covered in the Report

Pre-covid Health statistics of Philippines

Infectious Diseases in Philippines

Government Initiatives in Healthcare

Covid Impact and Responses

Cross Comparison of ASEAN Countries

WHO International Health Regulation capacity score: Laboratory

Categorization of Non-Hospital based Laboratories and number of units in Philippines

Evolution of Clinical Laboratory Industry

Ecosystem of Philippines Clinical Laboratory Market

Value Chain of Clinical Laboratory Industry

Market size of Philippines Clinical Laboratory Industry, 2017 – 2022

Market Segmentation, 2022P

Trends and Developments in Philippines Clinical Laboratory Market

Growth Drivers in Philippines Clinical Laboratory Market

Issues and Challenges in Laboratory Industry

Government Regulations in Laboratory Industry

Decision making Parameters of Customers

SWOT Analysis

Next Generation Laboratory Technology Trends

Competition Scenario of Philippines Clinical Laboratory Market

Market share of Major players

Future Outlook and Projections, 2022-2027E

Analyst Recommendations

For more insights on the market intelligence, refer to the link below: –

Future Outlook of Philippines Clinical Laboratories Market

Related Reports BY Ken Research: –

Indonesia Clinical Laboratory Market Outlook to 2026F

Vietnam Clinical Laboratories Market Outlook to 2027F


US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

Biotechnology Market Size, Growth, and Future Analysis

The biotechnology industry stands as a beacon of innovation, harnessing the power of biological systems and processes to develop cutting-edge solutions that address some...

Home Healthcare Industry Size, Trends, Players, and Analysis

In the realm of healthcare, the home healthcare industry stands out as a beacon of convenience, accessibility, and personalized care. As the world witnesses...

Most Popular

Navigating the Dynamic Landscape of the Smartphone Industry

The Smartphone industry stands at the forefront of technological innovation, shaping the way individuals communicate, work, and interact with the digital world. From cutting-edge...

US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

The Dynamics of the Coal Mining Market: Growth Drivers and Challenges

Introduction Coal mining serves as a cornerstone in fueling industries, generating electricity, and fostering economic growth worldwide. This article delves into various facets of the...

A Market Research Report on the Cosmeceuticals Industry in India

The Indian beauty landscape is witnessing a fascinating shift. Consumers are no longer just seeking products that enhance appearance; they are actively seeking solutions...