Product Code: ETC8846876 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The non-invasive coronary imaging market in the Philippines is growing as healthcare providers increasingly prefer non-invasive techniques to diagnose coronary artery disease (CAD). Technologies such as coronary CT angiography (CTA) and magnetic resonance imaging (MRI) are widely used to assess heart health without the need for invasive procedures like coronary angiography. These imaging techniques provide detailed visualizations of coronary vessels, helping to identify blockages and abnormalities. With the rising incidence of heart disease and a shift toward preventive care, this market is expected to see continued growth.
The Non-invasive Coronary Imaging Market in the Philippines is being driven by the increasing prevalence of cardiovascular diseases, particularly among the aging population. Non-invasive imaging techniques such as CT angiography and MRI are gaining popularity due to their ability to provide detailed coronary artery imaging without the need for invasive procedures. The convenience, lower risk of complications, and the ability to make quicker diagnoses have made these techniques more attractive to both patients and healthcare providers. Furthermore, advancements in imaging technology and the rise in the adoption of preventive healthcare measures are contributing to the growth of the market.
Challenges in the Philippines Non-invasive Coronary Imaging Market include the high cost of advanced imaging procedures, which limits access to a significant portion of the population. Many healthcare facilities, particularly in rural areas, lack the infrastructure and expertise needed to offer non-invasive coronary imaging services. Moreover, the complexity of interpreting imaging results requires skilled healthcare professionals, creating a barrier to widespread adoption. Reimbursement issues and limited insurance coverage for advanced imaging further challenge the growth of this market.
The non-invasive coronary imaging market in the Philippines offers investment potential in advanced diagnostic imaging technologies. Investors can support the expansion of hospitals and diagnostic centers equipped with coronary CT angiography (CTA) and MRI capabilities. Additionally, medical device companies developing AI-powered imaging software for faster and more accurate coronary assessments can benefit from this growing market. There is also an opportunity to invest in telemedicine platforms integrating non-invasive coronary imaging services for remote diagnostics and consultations.
Government policies supporting cardiovascular disease management, such as the Heart and Stroke Prevention and Treatment Program, drive investment in non-invasive coronary imaging. The DOH mandates public hospitals to improve diagnostic imaging capabilities through the HFEP. PhilHealth covers non-invasive imaging procedures under its expanded benefits package, improving patient access to coronary CTA and MRI. The FDA regulates coronary imaging devices, ensuring compliance with safety and performance standards. Tax incentives for medical equipment imports further facilitate market growth.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Non-invasive Coronary Imaging Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Non-invasive Coronary Imaging Market - Industry Life Cycle |
3.4 Philippines Non-invasive Coronary Imaging Market - Porter's Five Forces |
3.5 Philippines Non-invasive Coronary Imaging Market Revenues & Volume Share, By Modality, 2021 & 2031F |
3.6 Philippines Non-invasive Coronary Imaging Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Philippines Non-invasive Coronary Imaging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Non-invasive Coronary Imaging Market Trends |
6 Philippines Non-invasive Coronary Imaging Market, By Types |
6.1 Philippines Non-invasive Coronary Imaging Market, By Modality |
6.1.1 Overview and Analysis |
6.1.2 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Modality, 2021- 2031F |
6.1.3 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Radionuclide cardiac imaging, 2021- 2031F |
6.1.4 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Echocardiography, 2021- 2031F |
6.1.5 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Cardiac Computed Tomography, 2021- 2031F |
6.1.6 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Cardiac Magnetic Resonance Imaging, 2021- 2031F |
6.2 Philippines Non-invasive Coronary Imaging Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Diagnostic Imaging Centers, 2021- 2031F |
6.2.4 Philippines Non-invasive Coronary Imaging Market Revenues & Volume, By Research Institute, 2021- 2031F |
7 Philippines Non-invasive Coronary Imaging Market Import-Export Trade Statistics |
7.1 Philippines Non-invasive Coronary Imaging Market Export to Major Countries |
7.2 Philippines Non-invasive Coronary Imaging Market Imports from Major Countries |
8 Philippines Non-invasive Coronary Imaging Market Key Performance Indicators |
9 Philippines Non-invasive Coronary Imaging Market - Opportunity Assessment |
9.1 Philippines Non-invasive Coronary Imaging Market Opportunity Assessment, By Modality, 2021 & 2031F |
9.2 Philippines Non-invasive Coronary Imaging Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Philippines Non-invasive Coronary Imaging Market - Competitive Landscape |
10.1 Philippines Non-invasive Coronary Imaging Market Revenue Share, By Companies, 2024 |
10.2 Philippines Non-invasive Coronary Imaging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |