Market Insights Health Hospitals Inpatient Care

Treatment of Musculoskeletal Diseases - Philippines

Philippines

The Philippines is expected to witness a significant increase in revenue within the Treatment of Musculoskeletal Diseases market.
By 2024, the projected revenue is estimated to reach US$0.47bn.
Moreover, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 7.98%.
This growth will ultimately lead to a market volume of US$0.69bn by 2029.
In comparison to other countries worldwide, United States is expected to generate the highest revenue, reaching a staggering US$60,790.00m in 2024.
The Philippines is experiencing a growing demand for alternative treatments for musculoskeletal diseases, such as acupuncture and herbal medicine.

Key regions: Europe, Canada, United States, Germany, India

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.