Medical Philippines 2024

The 7th Philippine International Medical Equipment Expo 2024, as a grand event hosted by the Philippine Medical Association, is known as the largest and most professional international medical equipment exhibition in the region. At the Philippine Medical Expo 2023, companies from all over the world actively participated, among which Chinese companies performed particularly well, with a total of 92 companies exhibiting nearly 100 booths, demonstrating the vigorous development and international competitiveness of China’s medical device industry.

The participating countries and regions are diverse, including company representatives from a total of 15 countries and regions, including the Philippines, Australia, China, China (Taiwan), Germany, South Korea, India, Thailand, Singapore, Malaysia, Canada, and the United States. States. Professional visitors also come from all over the world: Germany, China, Finland, China (Hong Kong), India, Indonesia, Japan, Malaysia, Pakistan, the Philippines, Poland, South Korea, Singapore, China (Taiwan), Thailand, the United Kingdom, the United States, etc. witnessed this grand event in the field of medical devices.

As a country with a rapidly growing population, the Philippine medical market is experiencing strong growth. However, due to limited local production, medical devices and medical services rely almost entirely on imports to meet the growing medical and healthcare needs. Therefore, this exhibition provides an excellent display platform for global medical device and medical service companies, attracting many companies to participate in the exhibition.

This grand event held in Manila brings together the world’s most advanced medical equipment and technologies, providing a rare marketing platform and technical exchange opportunities for companies interested in exploring the Philippine market. Exhibitors showcased their latest products and technological achievements, attracting the attention of a large number of professional visitors and end users. This not only brings more business opportunities to exhibitors, but also provides an excellent platform for domestic and foreign buyers to understand market trends and find high-quality partners.

In short, the 7th Philippine International Medical Equipment Show 2024 will be a perfect platform not to be missed, providing medical equipment and medical service companies with a great opportunity to exhibit their products, find business opportunities, and expand the market.

Market presentation:

The Philippines is one of the international emerging markets with a population of 103 million. In 2016, the GDP growth of the Philippine economy exceeded 7.5% for four consecutive quarters. comparable to China and has become the highlight of the Asian economy. China and the Philippines have established a free trade zone and implemented tariff exemption and reduction policies for many of our products. The economic and trade development between the two countries is good, there is great complementarity in bilateral trade and huge potential for trade. development. The population of the Philippines exceeds 100 million and is growing at a rate of 2.36%, and the medical equipment market is growing at an annual rate of about 5%. There are 662 public hospitals and 1,061 private hospitals in the Philippines.

In terms of supply, local production is very low, accounting for about 2% of total demand. The equipment produced is mainly sterilizers, incubators, air extractors, mechanical spare parts and disposable supplies, such as plastic gloves, syringes and needles. Nearly 100% of the equipment is imported. According to statistics, in the past three years, 2014, 2015 and 2016, the Philippines imported medical equipment worth US$101 million, US$106 million and US$111 million. This is a good opportunity for Chinese companies to explore the Philippine medical market!

Why choose the Philippine market:

1. High demand. The Philippines is one of the emerging international markets, with a population of over 100 million. As the population increases, the medical market is also growing rapidly at an annual rate of about 5%. There are 662 public hospitals and 1,061 private hospitals in the Philippines. Therefore, due to lack of funds, public hospitals have little demand and the demand for equipment mainly comes from private hospitals. On the supply side, local production is very low, accounting for about 2% of the total demand. Some private hospitals, in particular, are severely lacking in medical equipment and rely on imports for almost 100% of their equipment.

2. Great business opportunities. The Philippine government has begun to look for cost-effective products. For a long time, the Philippines has been inherently dependent on European and American products and regards them as the absolute first choice. Products imported from Europe and the United States are expensive. On the one hand, drug prices are high, and on the other hand, the vast majority of people cannot afford to seek treatment. To alleviate this contradiction, we can only make changes. The Philippine Department of Health is currently considering using imported products. with prices and performance that can meet the needs of the Philippine pharmaceutical market. To this end, the Philippine government has also introduced a series of measures. For example, the government imported common drugs at low prices through tenders, encouraged doctors and patients to use cheap drugs, and also actively sought new drugs with high quality and low cost. supply channels.

In addition, in order to encourage foreign investment to enter the Philippine pharmaceutical market, the Philippine Department of Health has also determined that investment in pharmaceutical products (such as antibiotics, etc.) can enjoy special preferential treatment from the country. A more favorable background is that in recent years, with the construction of the China-ASEAN Free Trade Area, the economic and trade relations between China and the Philippines have developed rapidly. According to China’s customs statistics, the Philippines has always been the largest exporter of Chinese pharmaceutical products, with Western drug exports ranking among the 9 ASEAN countries. Has always been the first in the country. This will be a rare opportunity and will greatly help Chinese medical products enter the Philippine market!

3. The association will help Chinese products enter the Philippines. The establishment of the Philippine-China Pharmaceutical and Medical Products Association has established good channels and trade methods for Chinese products to enter the Philippines, which can help Chinese medical products enter the Philippine market faster and better!

●Medical equipment: various new medical equipment and medical supporting equipment, cardiac monitoring, medical imaging, biochemical analysis equipment, orthopedic surgical equipment, blood pressure monitors, thermometers and other home medical equipment.

●Diagnostic and treatment equipment: X-ray diagnostic examination equipment, ultrasound diagnosis, nuclear medicine, endoscopy systems, facial feature treatment equipment, dynamic analysis equipment, cryogenic freezing equipment, dialysis treatment equipment, first aid equipment, etc.

●Room care equipment and devices: various beds, cabinets, operating chairs, beds, etc.

●Ancillary equipment: disinfection and sterilization series products, oxygen production and supply equipment, blood bank equipment, medical data and image processing equipment, rehabilitation equipment, special equipment for disabled people, etc.

●Medical institutions and technical laboratory equipment: laboratory instruments and equipment, laboratory furniture, laboratory automation and accessories, optical instruments and equipment, medical experimental analysis and diagnostic instruments, biopharmaceutical instruments, cell biology instruments, biotechnology equipment, etc.

●Oral and dental medical equipment and consumables: dental diagnostic medical equipment, dental surgical instruments, dental technical equipment and associated dental consumables, etc.

●Ophthalmic equipment: optometry and ophthalmology equipment, vision correction equipment, laser scanning ophthalmic examination systems, etc.

● Consumables for medical dressings: medical bandages, gauzes, masks, surgical gowns, diapers for the elderly, medical adhesive bandages, dressings, cotton balls, medical gloves, surgical protective films, breathable medical tapes, adhesives, dressings, disposable syringes, infusion devices, catheters, first aid kits, etc.

●Medical and health care products: medical electronic instruments, health care massagers, glucometers, disinfection equipment, etc.

●Hospital telemedicine system, hospital medical information system, hospital office automation system.

●Magnetic resonance medical equipment

●Operating room, emergency room, diagnostic and treatment equipment and devices, etc.

●Medicines: various Chinese patent medicines, Western medicines, new medicines, special medicines, biopharmaceuticals, Chinese herbal medicines, etc.

●API: various APIs, chemical pharmaceutical products, etc.

●Pharmaceutical processing and packaging equipment: food, chemical and pharmaceutical production equipment and machinery, packaging and labeling machinery and technologies.