Medical Device Market To Approach US$500mn Within A Decade

BMI View: The medical device market of the Philippines represents a moderate opportunity for foreign manufacturers. The key drivers of growth are government investments in healthcare infrastructure and greater spending - both public and private - on advanced surgical procedures and diagnostic interventions. Risks to this relatively optimistic outlook include an influx of foreign producers from low cost bases, political instability, societal unrest and subdued economic growth.

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