Product Code: ETC8846957 | 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 nursing and residential care market in the Philippines is expanding due to the increasing aging population and demand for long-term care facilities. With a rise in chronic diseases and disabilities, the need for specialized nursing homes and assisted living facilities is growing. Government initiatives to improve healthcare services and private sector investments are driving market growth. However, workforce shortages, regulatory compliance, and affordability issues remain challenges in the sector.
The nursing and residential care market in the Philippines is driven by the country`s aging population and the increasing need for long-term care services. The rise in chronic illnesses among the elderly, along with the increasing availability of specialized care facilities, has fueled market growth. Additionally, government initiatives to improve healthcare infrastructure and support services for the elderly have further strengthened the market`s expansion.
The nursing and residential care market in the Philippines is confronted with several challenges, including a shortage of qualified nurses and caregivers to meet the growing demand for long-term care services. This is compounded by the low wages and high turnover rates among care workers, which affects the quality of care provided in residential facilities. Additionally, the market faces difficulties related to the lack of regulatory oversight and standards for nursing homes, which can lead to inconsistent care quality across facilities. The affordability of residential care is also a concern, as many families struggle to pay for long-term care services, especially in the absence of strong social safety nets. The development of better training programs, improved working conditions, and clearer regulations is essential to address these challenges.
The nursing and residential care market in the Philippines presents significant investment opportunities due to the aging population and increasing demand for long-term care services. Investors can explore opportunities in establishing new nursing homes, assisted living facilities, and rehabilitation centers. With the government focusing on improving healthcare infrastructure and providing incentives for private sector involvement, there are opportunities to invest in both large-scale residential care facilities and smaller, specialized nursing homes. The rise in chronic health conditions also creates demand for innovative care models, providing further investment avenues.
The government plays a key role in regulating nursing and residential care facilities through licensing requirements and quality standards. Policies supporting elderly care and long-term healthcare financing aim to improve accessibility. However, workforce shortages and funding limitations pose challenges. Government incentives for private sector investment in nursing homes and residential care facilities help address capacity constraints.
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 Nursing and Residential Care Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Nursing and Residential Care Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Nursing and Residential Care Market - Industry Life Cycle |
3.4 Philippines Nursing and Residential Care Market - Porter's Five Forces |
3.5 Philippines Nursing and Residential Care Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.6 Philippines Nursing and Residential Care Market Revenues & Volume Share, By End User Gender, 2021 & 2031F |
3.7 Philippines Nursing and Residential Care Market Revenues & Volume Share, By Type of Expenditure, 2021 & 2031F |
4 Philippines Nursing and Residential Care Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Nursing and Residential Care Market Trends |
6 Philippines Nursing and Residential Care Market, By Types |
6.1 Philippines Nursing and Residential Care Market, By Service Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Nursing and Residential Care Market Revenues & Volume, By Service Type, 2021- 2031F |
6.1.3 Philippines Nursing and Residential Care Market Revenues & Volume, By Home Health Care Providers, 2021- 2031F |
6.1.4 Philippines Nursing and Residential Care Market Revenues & Volume, By Nursing Care Facilities, 2021- 2031F |
6.1.5 Philippines Nursing and Residential Care Market Revenues & Volume, By Group Care Homes, 2021- 2031F |
6.1.6 Philippines Nursing and Residential Care Market Revenues & Volume, By Retirement Communities, 2021- 2031F |
6.2 Philippines Nursing and Residential Care Market, By End User Gender |
6.2.1 Overview and Analysis |
6.2.2 Philippines Nursing and Residential Care Market Revenues & Volume, By Female Nursing Care, 2021- 2031F |
6.2.3 Philippines Nursing and Residential Care Market Revenues & Volume, By Male Nursing Care, 2021- 2031F |
6.2.4 Philippines Nursing and Residential Care Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Nursing and Residential Care Market, By Type of Expenditure |
6.3.1 Overview and Analysis |
6.3.2 Philippines Nursing and Residential Care Market Revenues & Volume, By Public Expenditure, 2021- 2031F |
6.3.3 Philippines Nursing and Residential Care Market Revenues & Volume, By Private Expenditure, 2021- 2031F |
7 Philippines Nursing and Residential Care Market Import-Export Trade Statistics |
7.1 Philippines Nursing and Residential Care Market Export to Major Countries |
7.2 Philippines Nursing and Residential Care Market Imports from Major Countries |
8 Philippines Nursing and Residential Care Market Key Performance Indicators |
9 Philippines Nursing and Residential Care Market - Opportunity Assessment |
9.1 Philippines Nursing and Residential Care Market Opportunity Assessment, By Service Type, 2021 & 2031F |
9.2 Philippines Nursing and Residential Care Market Opportunity Assessment, By End User Gender, 2021 & 2031F |
9.3 Philippines Nursing and Residential Care Market Opportunity Assessment, By Type of Expenditure, 2021 & 2031F |
10 Philippines Nursing and Residential Care Market - Competitive Landscape |
10.1 Philippines Nursing and Residential Care Market Revenue Share, By Companies, 2024 |
10.2 Philippines Nursing and Residential Care Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |