Market Insights Health Hospitals Inpatient Care

Gastroenterology - Philippines

Philippines

The Gastroenterology market in the Philippines is forecasted to achieve revenue of US$0.59bn in 2024.
It is anticipated that the revenue will experience a consistent annual growth rate (CAGR 2024-2029) of 7.83%, leading to a market volume of US$0.86bn by 2029.
When compared globally, United States is expected to generate the highest revenue in the market, with an estimated amount of US$60,480.00m in 2024.
The Philippines is experiencing a rising demand for gastroenterology services due to an increase in gastrointestinal disorders among its population.

Key regions: France, China, Japan, United States, Europe

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.