Healthcare market in vietnam. Mergers, Acquisitions and Funding in Healthcare Sector 7.
- Healthcare market in vietnam The country Mar 4, 2022 · The Vietnam healthcare market report is an essential source of information on the analysis of the healthcare, regulatory, and reimbursement landscape in Vietnam. 2 thousand doctors across all health establishments in Vietnam in 2019. 1 Vietnam has experienced a rapid economic growth since the economic reform in 1986. 8% driven by rise in healthcare expenditure and incline in Universal Health Coverage (UHC) in the country. AI technologies, such as text mining and machine learning, can be employed to analyze medical data and improve decision-making Jul 6, 2022 · This is part of the sustainable development agenda that GE Healthcare Vietnam is pursuing to add more values to the healthcare sector and the people of Vietnam,” Long added. Vietnam’s in vitro fertilisation (IVF) market is projected to hit $216. The May 31, 2023 · Key Statistics from 2022. One of the positive supporting factors for this industry, according to SSI Research, is the rapid expansion of drug retail chains in Vietnam such as Long Chau, An Khang and Pharmacity to stimulate drug demand. This growth forecast highlights the increasing demand for healthcare services and products, driven by an aging population, rising income levels, and greater health awareness among Vietnamese consumers. Through this market access, companies can achieve early-entrant advantage and Jun 25, 2024 · Vietnam, a country with a rich history and vibrant culture, has made significant strides in its healthcare system over the past few decades. Established healthcare providers are rapidly embracing digital transformation, including telemedicine services, EHR systems, and cutting-edge medical imaging technologies. Share This Article. 1 billion, which accounted for 7. The Vietnam dental care market was valued at $6. Recent mergers and acquisitions (M&A) deals in the Vietnamese healthcare market. 5% by 2021. Vietnam Dental Care Market Executive Summary. In 2023, the most significant M&A transaction was the acquisition of Ho Chi Minh City-based FV Hospital by Singapore’s Thomson Medical Group for USD381. 3% in 2022, contributing 1. The Vietnam health supplements market is experiencing robust growth, driven by increasing health consciousness among consumers and a growing geriatric population. Doan Thu, a second-year CBM student who has demonstrated a keen interest in the healthcare industry, as the main author. Vietnam’s health supplement market is seeing a rapid increase due to the country’s demand for health-related and personal care products. Sep 13, 2024 · Vietnam Home Healthcare Market, By Component (Equipment, Services ), By Indication, By Region, Competition, Forecast & Opportunities, 2019-2029F - Vietnam Home Healthcare Market was valued at USD 110. With healthcare expenditure projected to reach almost USD 34 billion by 2030 from around USD 19 billion in 2022 (according to Economist Intelligence Unit (EIU), International Trade Administration of USA, and Vietnam brief’s review), the government’s push Oct 1, 2021 · Gaps remain in Vietnam's public healthcare system. VI. The poor, ethnic minority, under 6 children and elderly above 80, and socially vulnerable groups are fully covered via the government full subsidy for premium. In 2019, Vietnam's healthcare spending as a percentage of GDP increased from 5. Bui Thi Viet Lam, country representative of the US-ASEAN Business Council, talked to VIR’s Minh Tung about the future prospects of the market. The first is "Growth and more growth. 38% (2025-2029) resulting in a market volume of US$14. This is one among the few changes that will need to be considered if entering the Vietnamese health care market. g. Advancements in these areas will create opportunities for international investors to participate in Vietnam’s digital health transformation. In this article, Vietnam Briefing gives an overview of the health supplement market including industry drivers, challenges, and market entry options and requirements for investors. Sep 14, 2018 · Healthcare Industry. 5% GDP growth target despite the slowdown of global economic growth. These can be software and management systems (e. Jun 13, 2022 · Over the last two decades, there have been substantial changes in Vietnam’s health supplement (also known as dietary foods or functional foods). The Digital Health market in Vietnam is projected to grow by 8. 7 percent, followed by Diana with a penetration rate of Overview of Vietnam’s Digital Health Market. 2bn) in 2017, with the government accounting for just over 56% of the total. 2 billion in 2020, accounts for 6 percent of GDP. Sep 18, 2023 · Vietnam Healthcare Industry. 91 in 2000 to 75. 60% through 2029. Sep 28, 2023 · The Vietnamese OTC healthcare market size was estimated at VND37. The escalating consumer emphasis on health optimization, the Vietnam's government initiatives to support public health across the globe, rising proclivity towards organic food, dietary supplements, and natural remedies, and the shifting preference towards preventive Jul 29, 2022 · The positive profit outlook of the healthcare industry is also forecast to extend into 2023, despite the economic downturn scenario. Mar 21, 2024 · Besides his 6. Just in 2017 alone, the healthcare sector contributed to 7. Household expenditure in Vietnam on The report titled “ Vietnam Healthcare Market by Industry Type (Hospitals & Clinics, Diagnostic Labs, Pharmaceutical and Medical Devices)-Outlook to 2022 ” provides a comprehensive analysis of the healthcare market in Vietnam. Industry revenue of “human health activities“ in Vietnam 2012-2024 Total health insurance expenditure in Vietnam 2015-2022 Number of people with health insurance in Vietnam 2016-2022 Feb 10, 2024 · In terms of spending, Vietnam’s healthcare market share is currently divided almost equally between the private and state sector. 122 Bn in 2030. 00 million by The Vietnam animal health market is primarily driven by the growing awareness of animal welfare and the importance of maintaining livestock health. 4 million. As Vietnam’s economy has enjoyed impressive growth over the last three decades, its healthcare system has Vietnam is laying the foundation for a smart healthcare industry that includes disease prevention, medical examination and treatment, as well as health management. Experts from The World Bank have made some exciting forecasts about Vietnam's middle and upper classes. Demographic changes, such as an aging population and decreasing birth rates, drive the increasing demand for healthcare services. The Vietnamese healthcare sector recognizes the potential of AI and is actively exploring its applications in research and clinical practice. Ha Thuc Nhan and Bach Hai Long are among hundreds of GE Healthcare staffs working tirelessly to improve the quality of healthcare in Vietnam. 2% a year between 2009 and 2025, reaching $262 by that time (USD 26 Bn of the overall market), or 5. Digital technology is transforming the healthcare industry in Vietnam. 5% growth from 2017 to 2023. AI applications in healthcare, such as medical imaging analysis, disease prediction, and personalized treatment recommendations, are improving patient Nov 20, 2023 · Delving into the historical roots of healthcare in Vietnam reveals a captivating journey that intertwines traditional healing practices with the influences of Western medicine. It is projected to experience an annual growth rate (CAGR 2022-2027) of 8. Dec 4, 2014 · The Vietnam economy operates on five year cycles, alternating between high growth and slow-down cycles … this year, most multinational companies have forecasted a market growth of 17%, but Dec 10, 2019 · Strong economic growth, increase in disposable income and significant demographic changes are the reasons healthcare industry and medical services are on the rise in Vietnam. Segment growth Apr 10, 2020 · Not only is Buy Med at the forefront of health system development in Vietnam, but thanks to thuocsi. Dec 27, 2022 · Vietnam offers excellent potential for the growth of medical tourism. According to Business Monitor International (BMI), healthcare expenditure in Vietnam in 2017 reached US$ 16. This marks an annual growth rate of nearly 3%. These trends are driving up the demand for long-term care. vn portal it is also modernizing and simplifying the pharmaceutical distribution industry in Vietnam and Southeast Asia — the market that is estimated to reach 8 billion USD in 2020. Jun 7, 2023 · The hospital market in Vietnam has witnessed significant growth over the past few years, owing to several factors that have contributed to the proliferation of the healthcare industry in the country. AVHC applauds their effortsin prioritizingand protectingthe healthof those who live inVietnam. In 2023, Vietnam Clinical Jul 5, 2023 · One notable partnership in the Vietnamese healthcare market is between Vinmec, a prominent private healthcare provider in Vietnam, and Fosun International, a renowned Chinese conglomerate. healthcare development goals. 3 billion in 2025 and US$33. UK companies have many of the missing digital pieces Vietnam needs to accelerate progress towards its healthcare development goals. Hospital acquisitions in Vietnam led healthcare M&A activity. View Resources. The rising preferences among elderly people to receive medical care in the familiarity of their homes, technological advancements in the healthcare industry, and integration of telemedicine into home healthcare services represent some of the key factors driving the market. Related Post. 71% annually, reaching a total market volume of $1,219. 3 billion respectively in 2013, plus, an annual nominal growth rate of approximately 15 per cent until 2018 for both is expected. Mar 14, 2023 · Healthcare is a service industry where suppliers and users interact through service prices. Jul 10, 2018 · 5. Feb 27, 2023 · On February 8th, 2023, our Director of Public Affairs, Van Nguyen, joined the “Health Talk – Data Management in the Health Sector” organized by CCI France Vietnam – CCIFV and the EuroCham Vietnam Digital Sector Committee to discuss health regulation and policy in Vietnam. This is in line with an estimated compound annual growth rate (CAGR) of 7. The north has a higher concentration of government ministries and regulatory agencies, and the south is the dominant industry hub. Cross Comparison of Healthcare Sector of Vietnam with Other Asia Pacific Countries 6. The increasing cost of medical services, diagnostics, and medications, healthcare reforms and insurance policies, rapid urbanization, aging population, increasing awareness about the benefits of early investment in health insurance, and significant technological advancements Oct 22, 2018 · Expansion of universal health coverage will continue to stimulate the development of Vietnam's medicine and healthcare market. Sep 18, 2023 · Trang chủ-Bài Viết & Tin Tức-Healthcare Market in Vietnam. The broader vitamins and supplements market in Vietnam is thriving, driven by a growing health-conscious population. At its peak in the third quarter of 2023, a series of investment deals in the medical and health care sector were signed, notably Thomson Medical Group (TMG) acquiring FV Hospital or Dongwha Jun 20, 2023 · Healthtech covers diverse technologies in the medical/health care field. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. It identifies the key trends in the country’s healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape, and healthcare infrastructure. Apr 5, 2024 · According to the Economist Intelligence Unit (EIU), Vietnam’s healthcare expenditure reached approximately US$18. 38% (2025-2029) resulting in a market volume of US$1,475. This includes a detailed market research of 15060 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Nov 9, 2024 · Vietnam’s healthcare industry is undergoing significant transformation, fuelled by economic growth, increased investment, and rising demand for quality healthcare services. " Double-digit growth across Rx/Device/OTC has made Vietnam a key The Vietnam Artificial Intelligence in Healthcare Market is being propelled by various factors, including the need for enhanced healthcare services and the growing burden of chronic diseases. health supplements market. Vietnam’s government and healthcare industry have achieved global recognition for their successful responseto COVID-19. 3 days ago · Dublin, Jan. To support business, the local government has provided tax concessions Market Overview: Vietnam health insurance market is projected to exhibit a growth rate (CAGR) of 6. Vietnam's health expenditure is projected to hit $706 PPP per capita by 2026, according to a recent study. While the healthcare industry has been witnessing evolution in all aspects over the past 10 to 20 years, the emergence of technology and digitalisation within the sector, as well as two years of an unprecedented epidemic, have accelerated disruption in the industry. Healthcare industry Ambassador briefing on Mar 31; Take Charge of Your Health and Wellness on June 15; U. Jan 5, 2025 · The private healthcare market in Vietnam has also been growing strongly after the government removed the ban on private practices in the late 1980s. for managing medical records) in medical facilities, mobile apps for health consultation or telemedicine, artificial intelligence to diagnose diseases, wearable smart watches to monitor health, etc. With major socioeconomic and demographic shifts changing the landscape of how consumers interact with healthcare professionals and establishments, digitalization is proving to be a long-term solution to lingering operational, efficiency, and cost problems. EN. A focus on regulation to manage medical device registration backlog and price negotiation will ease medical device shortages. Sep 5, 2024 · Vietnam’s health supplement market has proliferated from 2010 to 2023, driven by rising health awareness, disposable incomes, and a growing middle class. 9 billion, with a growth rate of 13 percent. 5 years of experience in Vietnam’s healthcare market, he had worked extensively in the healthcare sector for the past 17 years in Malaysia, Indonesia and Myanmar. Nov 7, 2024 · We maintain our forecast for Vietnam’s medical device market and expect a return to growth in 2024 after an uncharacteristic slowdown in 2023. com's offering. The EVFTA and the amended Law on Investment will benefit foreign producers and suppliers wishing to enter the Vietnamese market, which still largely relies on imported medical equipment Market Entry: Vietnam is not a market for inexperienced exporters. The early chapters of Vietnam’s healthcare story are adorned with the wisdom of traditional medicine, encompassing herbal remedies, acupuncture, and spiritual healing. Healthcare spending is predicted to grow at a CAGR of 12. Vietnam's Healthcare sector is projected to grow at a compound annual growth rate (CAGR) of 6. Nov 7, 2022 · Vietnam healthcare players offer innovative and diversified offerings; Appointment bookings, e-consultation and on-site healthcare are some of the services in focus Within Vietnam eHealth market, there is a healthy mix of online channels as well as omnichannel eHealth players. Throughout 2013-2017 the growth of Vietnam’s healthcare expenditure per capita reached 26. Nov 14, 2024 · Healthcare infrastructure improvements and tech advancements serve as market drivers. Healthcare is a priority under the latest five-year plan (2021-25), which aims for 95 percent universal health coverage by 2025, with new goals for 100 percent coverage by 2030 recently announced. 83% during the forecast period of 2022 - 2030. Nov 21, 2024 · CDC works with the Vietnam Ministry of Health (MOH) and other partners to build effective public health collaboration and partnerships, which strengthen the country's core public health capabilities: data and surveillance, laboratory capacity, workforce and institutions, prevention and response, innovation and research, and policy, communications, and diplomacy. In 2020, 86. Local brands such as Traphaco, Pharmanex, DHG products are beginning to gain stronger brand reputations thanks to the launch of new products and marketing campaigns. Jul 17, 2023 · In the Nikkei Forum 28th Future of Asia held on May 25–26, 2023, Deputy Prime Minister Tran Luu Quang said Vietnam will stick to the 6. It covers the full continuum of essential health services, from health promotion to prevention, treatment, rehabilitation and palliative care. Vietnam's healthcare spending per capita is predicted to increase 9. Overview of the healthcare market in Vietnam in 2022: According to VIRAC’s report, spending on healthcare products and services in Vietnam has grown strongly over the years with a CAGR (2011-2021e) of 11%, thanks to the aging population, increasing Overall, the continuous increase in healthcare spending, combined with the necessary modernization of the Vietnamese healthcare system and ambitious national development plans should continue to drive strong growth in the healthcare market over the coming years. Oct 26, 2021 · Healthcare is among the top spending priorities and fastest-growing sectors in Vietnam which accounted for 6. Along with the economic growth, the health of the Vietnamese people has significantly improved between Universal health coverage means that all people have access to the full range of quality health services they need, when and where they need them, without financial hardship. Industry updates, emerging trends, and important discussions are presented with our recommendations on healthcare in Vietnam. Aug 14, 2024 · Vietnam’s healthcare sector is on the cusp of remarkable growth, fueled by robust economic development and an expanding middle class. The healthcare technology (HealTech) market in Vietnam has a dynamic interplay of existing firms, new startups, and collaborations between technology and healthcare institutions. Source: Euromonitor International (2020) Source: Euromonitor International (2020) Source: Euromonitor International (2020) VIETNAM'S HEALTH SUPPLEMENTS Aug 3, 2020 · Whereas the growth of healthcare spending along with economic growth is a common sign of developing economies, Vietnam is currently facing healthcare expenditure challenge. 8bn) by 2027. Consumers are looking for ways to enhance their overall well-being and address specific health concerns through supplements. The Health & Fitness market in Vietnam is expected to reach a total revenue of US$4. Vietnam’s digital health market is anticipated to achieve significant growth, with revenues expected to reach $905. Director, Quadria Capital. According to projections, the market size, measured by gross written premium, is set to The Vietnam Pharmaceuticals Report features BMI’s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments. 6 billion, with a growth rate of 16. 93% from 2022 to 2030 and will reach $15. S. 9m by 2029 at a compound annual growth rate of 7. 8% of the nation's GDP. 5 percent of the GDP. Mar 12, 2021 · Greater demand for healthcare services combined with strained government public resources provide opportunities for a growing healthcare industry in Vietnam. 5 percent between 2017 and 2021. Further, it Mar 10, 2024 · From just a few individual deals each year, over the past year, Vietnam's medical and health care industry has welcomed large foreign capital inflows. Sep 05, 2023 | Published by: Infinium Global Research | USD 2,595 indicators in the Vietnam market. 63% during the forecast period of 2022 - 2030. 91 in 2024, indicative of improvements in the population’s health. S – Vietnam Healthcare Dialogue in Hanoi in late Sept (TBD) Jun 10, 2024 · Vietnam's government will continue to demonstrate a consistent commitment to health improvement through the implementation of long-term policies. 9% to the country's GDP. 7 trillion in 2022 and is likely to grow at a CAGR of more than 10% from 2022 to 2027. BMI’s Vietnam Pharmaceuticals Report provides industry professionals, strategists, company executives, investors Nov 14, 2015 · Consumer health and wellness awareness Vietnam Asia. 8 billion in 2030. 00m in 2029. Source of Asia covers market overviews, challenges, and investor opportunities in this sectorial note. It can take one or two years to make commercial inroads. The Vietnamese healthcare sector recognizes the potential of AI and is actively exploring its applications in research and Jul 5, 2024 · In 2022, P/S was the most chosen FMCG brand in the health and beauty category in urban areas in Vietnam, having a penetration rate of 68. 6 percent of total GDP in 2019. 6% of the country’s GDP. 2% from 2020 to 2027. The country’s government and its entire healthcare sector have pooled their resources and are in the process of making this prediction happen. Learn about government oversight, funding sources, and the dual mechanisms of healthcare financing that ensure Current Market Trends. Vietnam has about 1,531 hospitals, more than 86% of them public hospitals. 3% between 2023 and 2032. The global healthcare landscape is evolving, with COVD-19 as an accelerator . Abstract Feb 22, 2024 · Since the 1990s, the Healthcare Industry in Vietnam has been on an upward trajectory, with a substantial portion of its growth fueled by imports from global markets such as the United States, China, South Korea, and Belgium. Back to overview. 88 million Vietnamese people participated in health insurance, indicating a significant rise from 2019. Although Vietnam’s M&A transactions have slowed, with 35 percent lower transaction value in 2022 compared to 2021, healthcare may buck the trend in 2023. Pharmaceuticals – Favorable market conditions propelling strategic M&A partnerships healthcare development goals. Mar 21, 2023 · Here’s what is happening in the sector and why it is attracting so much attention from healthcare firms looking to expand in, or enter, the Vietnamese healthcare market. 84% during 2024-2032. Oct 18, 2018 · The mental healthcare industry in Vietnam is still developing. Top 10 largest healthcare companies. Dịch vụ cho các công ty nhỏ và vừa ở Việt Nam. 6 and $3. There were 96. 595 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 10. Economic growth and demographic changes in Vietnam are driving increased demand for healthcare services not just in the two traditional economic centres of Hanoi and Ho Chi Minh City, but also in several second-tier cities and provinces. Based on a report from the British Chamber of Commerce in August 2021, the total market value of the local health supplement market reached US$562. An average Vietnamese could now expect to live to 75 years, compared to 70 years See full list on trade. Dec 1, 2024 · Explore the transformative journey of Vietnam's healthcare system, from its historical roots to contemporary reforms. The mission of GE Healthcare. The Vietnamese healthcare sector recognizes the potential of AI and is The Vietnam digital health market is classified into four major categories: health information technology, telemedicine, consumer health electronics, and healthcare big data & AI-based goods and services. gov Sep 29, 2020 · Vietnam’s medical equipment market is currently valued at nearly US$1. Act as a resource to share information, expertise, and best practices on health and wellness across members and the broader community; Key Events for 2022: U. Over the following four years, the market is projected to maintain a steady growth rate of 7. The country’s life expectancy has increased from 72. 57 Million in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5. As the country’s population grows and ages, there is an increasing need for advanced medical infrastructure, specialised care, and expanded healthcare access Nov 12, 2023 · Overview of Vietnam's health industry and workforce. 09. Consumer awareness of healthcare is evolving rapidly. 2% from 2024 to 2028. 08, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Clinical Laboratories Market Outlook to 2028" report has been added to ResearchAndMarkets. With ongoing efforts to enhance infrastructure, expand access, and embrace technological innovations, Vietnam is poised to achieve significant advancements in its healthcare system, improving the health and well-being of its population. At the same time, digital health companies that understand Vietnam’s unique population health challenges and can provide collaborative solutions will gain access to one of Asia’s fastest growing healthcare markets. 54 comprehensive market analysis studies and industry reports on the Healthcare sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Cimigo, market research companies Vietnam Asia, market research reports Vietnamese Consumers Healthy Choices Vietnam Asia noted that there are not enough healthy brands to satisfy consumer desires. For a comprehensive understanding of how Vietnam has been harnessing AI and robotics in the healthcare sector, please refer to the article provided below. Jun 14, 2023 · Healthcare in Vietnam is increasingly utilizing artificial intelligence (AI) and robotics to enhance patient care outcomes. Continued multinational investment in Vietnam’s private healthcare system Market Overview: Vietnam home healthcare market size is projected to exhibit a growth rate (CAGR) of 10. Expenditure on health is also expected to rise to US$20. the government has been investing in healthcare infrastructure and Vietnam’s strong healthcare deal activity in the last 12 months is consistent with strong global healthcare M&A activity. Dec 5, 2022 · Industry Insights Session is part of Vietcetera’s Vietnam Innovators Summit program. Aug 1, 2023 · A rapidly expanding middle class with increased health awareness post-pandemic will continue to fuel demand for higher standards in all aspects of healthcare in Vietnam, making the country a Vietnam's Artificial Intelligence (AI) In Healthcare Market is projected to grow from $0. With an increasing population and a rising demand for animal-based products such as meat and dairy, there is a greater emphasis on ensuring the well-being of livestock. FR. Jul 3, 2024 · The statistic shows the healthcare spending in Vietnam in 2017 and 2018, with a forecast for 2020. The two markets also differ in terms of consumer behavior and preferences. 13 Bn in 2022 to $18. Janice is a Director at Quadria Capital, one of the leading Healthcare Private Equity fund in Asia. Mar 15, 2018 · Vietnam healthcare market has shown healthy growth during 2012-2017 at a CAGR of 10. Fosun International’s investment in Vinmec has played a pivotal role in supporting its expansion plans and the development of state-of-the-art healthcare Vietnam Connected Healthcare Market Executive Summary. 5% of total spending on health, though it only accounts for 6% of the total number of hospital beds. Janice Trinh. Aug 5, 2014 · There are two stories that headline the reality of the Vietnam healthcare market as a whole. Mergers, Acquisitions and Funding in Healthcare Sector 7. The private sector accounted for 49. Foreign investment in Dec 21, 2023 · Vietnam has made significant progress in improving the population’s health parallel to its economic development. Vietnam has made significant progress toward achieving universal healthcare coverage for its population. Cung Cấp Gỗ Apr 24, 2020 · Healthcare Providers in Vietnam industry profile provides top- line qualitative and quantitative summary information including: market size (value 2015- 19, and forecast to 2024). Appetite for healthcare platforms: Investors are on the hunt to scoop up scaled healthcare operators with multiple facilities in Vietnam, which are more attractive from a growth and profitability improvement perspective compared to single-location assets. More than 81 million Vietnamese people, or nearly 87 percent of the population, were covered by health insurance by the end of June 2018, according to the Vietnam Social Security. Where is Vietnam in this quantum leap? An ageing population, an emerging middle and affluent class, and an increasing burden of chronic diseases reflect demographic shifts and societal changes in Vietnam relevant to the healthcare sector. Oct 31, 2021 · Healthcare is among the top spending priorities and fastest-growing sectors in Vietnam which accounted for 6. Also, factors that are driving and restraining the telemental health market are highlighted in the study. 5 billion in 2022, which was 4. The majority of largest players in Vietnam's healthcare industry, according to Vietnam Country Report 2022, are well-established pharmaceutical companies and public/private hospitals with a long history of operation. Vietnam’s healthcare system is at a crossroads. 65 Mn by 2030, registering a CAGR of 28. Vietnam’s healthcare services and pharmaceuticals markets were worth $10. The political stability of Vietnam, the accessibility of healthcare, and the general good quality of medications are promoting the rise of medical tourism in Vietnam, which will further the market’s expansion. 35 Similarly, the public healthcare industry in Turkey has also been proven to have a significant link between WoM and Jun 7, 2023 · Dublin, June 07, 2023 (GLOBE NEWSWIRE) -- The "Vietnam Hospital Market Segmented By Ownership (Public v/s Private), By Type (General, Multispecialty, Specialty), By Type of Services (In-Patient Healthcare in Vietnam is increasingly utilizing artificial intelligence (AI) and robotics to enhance patient care outcomes. 68% during 2024-2032. Nov 1, 2024 · GlobalData’s 2022 ‘Vietnam Healthcare Market‘ report said of increased demand from the country: “The medical device industry in Vietnam has emerged as one of the most promising industries for international investment as demand for medical equipment continues to rise. We expect this to grow to VND1,044trn (USD41. Sep 7, 2023 · In today's era, health technology (healthtech) has emerged as a powerful force, utilizing digital solutions to revolutionize healthcare delivery and accessibility. VIETNAM'S HEALTHCARE OVERVIEW There are 1,400 hospitals in total nationwide, where private hospitals account for 17%. 2 percent of female respondents indicated they had purchased face wash products, establishing it as the leading beauty and health product Aug 22, 2023 · Vietnam’s digital transformation goals, along with two years of COVID-19 outbreaks, have accelerated digital disruption in the healthcare industry. 8 Mn in 2022 to $2486. Vietnam is a rapidly growing market in the health sector, with The Health insurance market market in Vietnam is expected to witness significant growth in the coming years. Skip to main content (COVID-19) pandemic in Vietnam Insurance industry in Vietnam. The Mental Health market in Vietnam is projected to grow by 0. Vietnam medical gloves market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of growing surgical ventures Thus, digital healthcare is seen as an answer for the health system of Vietnam to provide more services without expending overmuch resources as well as achieve scale of access while enhancing clinical efficiency and maintaining costs. 78%, from USD 112 in 2013 to USD 142 in 2017, outpacing GDP per capita. 80 million by 2024. According to the Ehealth Vietnam Summit 2020, the number of Vietnam’s digital health startups only account for less than 2% of the 4,000 startups across Asia. By enhancing efficiency, reducing The Hospitals market in Vietnam is projected to grow by 7. 03% to 5. Jun 14, 2023 · From regional and rural grassroots to a nationwide level, Vietnam has established a four-tiered hierarchical healthcare system, comprising national, provincial, district, and commune healthcare centers. 25%. 90m in 2029. This report provides statistical data on the health industry in Vietnam with figures on diseases, mortality, healthcare system, and health behavior of the Vietnamese population. Here are a few more tips in establishing a business here: Do extensive market research on Vietnam’s healthcare sector so that you can understand their culture and consumer demands; Establishing a long-term vision in this market. Social health insurance in Viet Nam As of 2018, 87% of the Vietnamese population is covered by social health insurance. With a GDP per capita of roughly 3,000 USD, Vietnam now ranks as a lower-middle-income nation. 52 Bn by 2030, registering a CAGR of 7. Nov 25, 2024 · This is almost twice what India spends and not much less than the 9% spent by much richer Japan of its GDP on healthcare. News; 23. The Vietnam OTC healthcare market research report includes country overview analysis, category and segment coverage, distribution channel insights, macroeconomic analysis, and competitive landscape. Some of the most significant Nov 23, 2021 · Vietnam's healthcare structure is divided into four verticals, starting from the (1) Ministry of Health that is responsible for national management and regulation development of hospitals throughout the country, followed by (2) the Department of Health that acts as an agency under the Provincial People's Committee, supporting healthcare Aug 10, 2021 · Recently, an empirical analysis of the United Arab Emirates’ government healthcare system pointed out that WoM positively impacts inpatients’ continuous use of the healthcare services provided by a given hospital. 6% of the country’s total GDP and is expected to grow at a CAGR of 12. The fourth Industry Insight Session focused on the current status of the healthcare sector in Vietnam and the emerging trends pushing the industry forward — highly relevant topics as the country (and the world) takes steps towards the post-pandemic new normal. Jul 27, 2023 · Vietnam’s healthcare market, valued at US$16. Whenever possible, the Vietnamese people will 13 Dezan Shira and Associate | Vietnam: Growing Demand for Healthcare Services - Vietnam Briefing News| Consulted on 12 December 2023 14 Ken Research | Vietnam Healthcare Market Outlook to 2022| Consulted on 12 December 2023 15 Dezan Shira and Associate | Vietnam: Growing Demand for Healthcare Services - Vietnam Briefing News | Consulted The demand for high-quality healthcare services is rising in Vietnam, and this demand is a major driver for healthcare service providers. This has boosted efforts to digitize the healthcare sector, including incorporating Big Data and Artificial Intelligence into digital health applications. 03 Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the Sep 11, 2023 · Healthcare in Vietnam is increasingly utilizing artificial intelligence (AI) and robotics to enhance patient care outcomes. Jul 29, 2024 · In conclusion, the healthcare market in Vietnam is on a promising trajectory in 2024. From telemedicine to wearable devices, health data analytics to artificial intelligence, healthtech encompasses an array of innovations that have the potential to reshape the healthcare industry. • Vietnam's healthcare spending has shown a rapid increase, with a 2. Through this market access, companies can achieve early-entrant advantage and Sep 25, 2024 · With positive changes being made in Vietnam’s healthcare sector, the level of interest among US-ASEAN companies is increasing. Creation of a central healthcare management information system. . Jul 31, 2014 · Part two will drill down into the specific challenges within Vietnam’s healthcare economy; specifically, how the public hospital tendering process for pharmaceuticals in Vietnam is changing Jul 8, 2022 · In 2019, the digital health market was valued at $43. The Vietnam healthcare insurance market is projected to grow from $10. 2024 [NEW RELEASE] Doing business in ASEAN 2024 – 2025 Oct 22, 2024 · The healthcare market in Vietnam has experienced notable growth, with expenditure on healthcare products and services rising by 11 percent over the last decade, according to VIRAC research. In 2017, health expenditure in Vietnam amounted to VND369trn (USD16. 25bn in 2029. 3 billion with an annual growth rate of 12% - 15%, and more than 90% of medical equipment in Vietnam is imported. 6 percent between 2020 and 2030, according to Vietnam Report . Healthcare Providers in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). This blog delves into the structure of public and private healthcare, the challenges faced in access and quality, and innovative solutions shaping the future. The forecast suggests a continued rise, expected to be 2. Vietnam Healthcare Market Size By Revenue, 2012 Vietnam Telemental Health Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2030. Market Overview: Vietnam health and wellness market size is projected to exhibit a growth rate (CAGR) of 4. The Vietnam-connected healthcare market is projected to grow from $331. Spending on healthcare per capita is expected to triple from US$161 in 2018 to US$408 in 2028, but still relatively low compared to other Southeast Asia countries [1]. According to the General Statistics Office of Vietnam, the healthcare industry grew by 7. Especially, this research welcomes the participation of Tu N. 43% (2025-2029) resulting in a market volume of US$164. Jul 5, 2024 · According to a 2023 survey conducted in Vietnam, about 72. 36%, resulting in a Oct 11, 2023 · The Vietnam health supplement market was valued at around USD 600 billion in 2022 and is exhibiting a compound annual growth rate (CAGR) of 18% during the forecast period of 2024–2030. 07m in 2022. Vietnam Healthcare Insurance Market Executive Summary. Healthcare Technology, Media & Telecommunications Manufacturing Construction & Infrastructure Chemical & Energy Consumer & Retail Automotive & Mobility Private Equity & Investment Financial Services E-Commerce Logistics Feb 3, 2023 · Healthcare and health technology are rapidly evolving industries, and several emerging trends are shaping the future of healthcare globally, including in Vietnam. Over the last three decades, alongside increasing provision of universal health insurance coverage and cutting healthcare expenditure, the country has demonstrated its dedication to Key Market Indicators. The government has established the National Mental Health Programme (NMHP); however, industry observers have noted that the NMHP only covers approximately 30 percent of the country, and uses a very narrow list of mental illness. Of these, more than half come from the United States, Japan, Singapore, Germany and China. Vietnam's economy has undergone rampant gentrification. 46%, said Research and Markets. 30% during 2024-2032. Current market research conducted by the World Bank stipulated that the healthcare market of Vietnam will triple in growth between the years 2010 and 2020. ewwpv uqajmt hijen mqg bzl zvwzry vfaq qmce nbevv fodkzp