Philippines Medical Device Consulting

The Filipino medical device market is estimated at $300m. With a growing population and increase in government healthcare programs, there is potential for medical device companies to thrive in this market. However, a good understanding of the Filipino healthcare market is needed to succeed. PBM’s medical device consultants in the Philippines have worked with international companies on a variety of Filipino consulting projects. We have assisted clients with product registration, distributor searches, joint ventures and market research in the Philippines medical device market.

Healthcare expenditures in the Philippines are very low, compared to other countries in Asia, at an estimated $65 per capita. This is just slightly above Indonesia’s healthcare expenditures of $60 per capita. The Philippines suffers from an uneven distribution of income, which leads to low healthcare affordability among the poor. This is a major challenge for international medical device companies looking to grow their business in the Philippines.

Local Filipino medical device manufacturers are mostly small-scale and produce low-end products such as syringes, needles and surgical gloves. Therefore, almost all of the higher-end medical devices in the Philippines are imported. These imports are mainly from the US, which account for 25% of the Philippines’ imported medical devices. International companies looking to export to this market can turn to PBM’s Philippines medical device consultants for professional guidance.

In the Philippines, the medical device market is regulated by the Philippines Food and Drugs Administration (PFDA). Formed in 2009, the PFDA replaces the authority of the Bureau of Food and Drugs (BFAD) under the Department of Health. The PFDA oversees the manufacture, importation, export, distribution and sale of medical devices, as well as drugs, food and cosmetics. PBM’s Philippines medical device consultants can help international companies navigate through the Filipino healthcare regulations for a smooth entry into this market.

PBM’s Philippines medical device consultants are committed professionals who focus on delivering the best solutions to our clients. With years of experience in medical consulting, we can help your company succeed in the Philippines medical device market. For inquiries on PBM’s Philippines medical device consultant services, please contact us or view PBM’s publications for more articles on the Filipino healthcare market.