The Philippine Pharma and Healthcare Expo, the largest pharmaceutical, medical and healthcare exhibition in the Philippines, which aims to capture the untapped market of the Southeast Asian Region through the Philippines, is expecting to house over 130 exhibitors and 4,000 visitors from nine participating countries during its three-day event.
The international expo, which is jointly organized by Uniglobal Exhibitions and ACE Group, is one of the shows in the umbrella of upcoming shows being organized in the Asean region.
According to Uniglobal and ACE, the event will be hosting medical professionals, pharmacies, hospitals, health organizations, importers and exporters, decision makers and medical practitioners of the Asean region in the Philippines.
Aside from the Philippines, other participating countries are India, Turkey, Indonesia, Egypt, Vietnam, China, Taiwan, Malaysia and Israel.
ACE Group is a New Delhi-based organization, which organizes trade exhibitions across the globe. The group said it has been dealing in over 60 international trade fairs taking place in over 20 countries in Europe, Asia, Africa, America and Oceania.
Meanwhile, Uniglobal Exhibitions and Services (UES), which is also based in New Delhi is also experienced with organizing trade exhibitions worldwide, dealing in over 20 International Trade Fairs taking place in over 10 countries in the Middle East and Northern Africa (MENA), Asean, Gulf Cooperation Council (GCC) and Asia.
Citing global data, the partner-organizers for this trade show noted in its event brochure that the Philippines pharmaceutical market will grow to reach P241.9 billion or equivalent to $3.7 billion in 2025 following the introduction of the Universal Health Care (UHC) Act, enabling the already high Indian pharmaceutical imports in the country to “increase further.”
The organizers noted that in 2018, India was the top import partner of the Philippines contributing 12.6 percent of the total pharmaceutical imports into the country.
In 2018, generics accounted for 76 percent by volume of the total pharmaceutical market in the country.
Uniglobal and ACE said the visitors that are expected to flock to the expo from February 14 to 16, 2024. The organizers of the trade event said pharmacists, heads of medical institutions, heads of regional health authorities, pharmacologists, hospitals are among those that will attend the trade event.
Pharma machinery importers, pharmaceutical firms, technologists, practicing physicians of different specialties, regional dealers and distributors are also expected to visit the three-day expo.
From the medical profession, the organizers said doctors, nurses, paramedics and head physicians are also among the visitors.
Meanwhile, trading companies, manufacturers and businessmen and importers and exporters are also expected to establish partnership at the said event.
The organizers highlighted different reasons to participate in the exhibition. For one, India-based organizers said the Philippine pharmaceutical market is expected to grow at a compound annual growth rate (CAGR) of more than 1 percent within the 2017 to 2026 timeframe.
They highlighted that the Philippine pharmaceutical market was valued at $3.3 billion in 2020.
Moreover, the Filipino pharmaceutical industry is one of the “fastest-growing” industries in the country and is home to over 14 of the world’s top 20 pharmaceutical companies, the organizers noted.
For the Philippine medical devices market, the organizers said it is seen to grow at a CAGR of more than 8 percent during the period 2021 to 2023. In 2021 alone, they noted that the local medical devices market was worth $747 million.
“The major medical devices imported in the country are catheters, sutures, surgical masks, computed tomography [CT] scans systems, X-ray units, and ultrasound systems,” the organizers noted.
Meanwhile, they said local production is limited to prototype units, spare parts (including improvised parts), and disposables, such as surgical gloves, syringes and needles.