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Vietnam Healthcare Pharmaceutical and Medical Devices Market Outlook: Ken Research

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The report also covers market in different aspects such as healthcare scenario in Vietnam, government and private spending on healthcare, cross comparison of healthcare sector of Vietnam with other Asia Pacific countries. For more information on the research report, refer to below link: – PowerPoint PPT presentation

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Title: Vietnam Healthcare Pharmaceutical and Medical Devices Market Outlook: Ken Research


1
Vietnam Healthcare Pharmaceutical and Medical
Devices Market Outlook to 2022 Ken Research
2
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. The report covers
Vietnam healthcare market size, market
segmentation by hospitals clinics, diagnostic
labs, pharmaceutical and medical devices. The
report also covers market in different aspects
such as healthcare scenario in Vietnam,
government and private spending on healthcare,
cross comparison of healthcare sector of Vietnam
with other Asia Pacific countries,
3
mergers, acquisitions and funding in healthcare
sector, investment model for setting up a
hospital, snapshots of daycare centers and
polyclinics, investment model for setting up a
diagnostic laboratory, government regulations for
launching a new drug, role of IT companies in
Vietnam healthcare sector and comparative
analysis of major players in each section. The
report provides detailed overview on future
outlook projections with analyst
recommendations for the industry. Market
Potential The healthcare sector in Vietnam has
witnessed unprecedented growth in recent years.
The countrys basic health indicators have
improved and are better than other countries in
the region with similar or higher per capita
income. The overall healthcare market has
increased from USD billion in 2012 to USD
billion in 2017 and witnessed a growth rate of
during the period 2012-2017. However with the
overall growth and development in the country it
has been
4
difficult to sustain the progress made in the
healthcare sector due some existing and new
challenges. It is still difficult for a
significant percentage of the population to
access proper healthcare facilities. Major health
issues in Vietnam arise from dietary problems.
There has been a significant rise in
cerebrovascular diseases, heart diseases, lung
and liver cancer, tuberculosis, HIV/AIDS,
diabetes, respiratory diseases and road
accidents. There is a huge gap in health status
of different regions in the country. The country
has been developing its healthcare infrastructure
including hospitals, diagnostic labs, clinics and
the pharmaceutical sector. In addition to all
these factors, fast rising and ageing population
in the country further adds to the advantages for
Vietnam healthcare market. Medical Devices
Market The medical devices industry is largely
import driven in Vietnam. The medical devices
market in Vietnam witnessed a moderate growth
rate. The medical devices market contributed a
share of around
5
(USD billion) of the total healthcare market in
Vietnam in 2017. The CAGR for the medical devices
market during 2012-2017 was .The overall
healthcare market of the country is witnessing
substantial growth, however the medical devices
market in the country has lagged behind. Most of
the hospitals, clinics and diagnostic labs are
government owned. The government has invested
heavily for the upgradation of the healthcare
system in the country but the medical devices at
most of the hospitals are old. With the
decentralization of the healthcare sector, more
hospitals are coming up and the existing ones are
being upgraded. There is a huge opportunity in
front of medical device companies to capitalize
and expand into the Vietnamese market. The market
has been majorly dominated by diagnostic imaging
products, contributing (USD million) while
consumable equipment contributed around (USD
million) to the overall medical devices market.
The large percentage of the medical devices was
also contributed by orthopedic appliances
implants.
6
  • Pharmaceuticals Market
  • Vietnam has one of the fastest growing
    pharmaceutical markets in Asia. One of the main
    reasons for this is the significantly high
    population of the country which is entering the
    ageing stage at a very fast pace. With the growth
    of the economy the average income of the middle
    class has also increased and so has the demand
    for pharmaceutical products. The overall size of
    the pharmaceutical market has increased with a
    CAGR of from USD billion in 2012 to USD
    in 2017. The government through its policies has
    tried to address the increasing demand of
    pharmaceutical products in the country, however
    there is a huge room for growth. Similar to the
    medical device market, the pharmaceutical market
    in Vietnam is also highly dependent on imports.
    Around of the total pharma products consumed
    in the country are imported. Increasing rate and
    prevalence of lung and liver cancer, TB, HIV,
    respiratory, cerebrovascular and heart diseases
    among the growing population of the country has
    created high demand for generic and patented
    drugs.

7
  • The pharmaceutical companies in the country
    mainly manufacture generic drugs by importing raw
    material from other countries. In context of
    therapeutic drugs, majority of the demand is to
    treat diabetes, respiratory and cardiovascular
    diseases. However to develop the domestic
    pharmaceutical sector the government has
    initiated efforts to streamline the Foreign
    Direct Investment (FDI) into the industry.
    Foreign companies cannot directly enter the
    Vietnamese market instead they need to partner
    with an indigenous company to distribute their
    products. The biggest pharmaceutical firms in the
    country are Hau Giang Pharmacy, Traphaco,
    Domesco, IMEXPHARM, and OPC.
  • Hospitals Market
  • Vietnam is in the phase of experiencing a
    structural change in hospital industry. Currently
    the country is dominated by the presence of
    government run hospitals and commune health
    stations. There are around hospitals and
    commune health clinics in the country out

8
of which are run by the government. However,
in 2014 the government announced the plan to
deregulate the hospital in order to support the
already overburdened public hospitals in the
country. Since liberalization a number of private
hospital have already come up in the country and
more are in the process. Many foreign investors
and firms already have or are in the process of
acquiring stocks in the hospitals. The number of
inpatients and outpatients has increased at a
CAGR of and respectively during 2012-2017.
The overall revenue of the hospital market in
Vietnam has increased with a CAGR of from USD
billion in 2012 to USD in 2017. The
government has also eased the regulation for the
employment of foreign doctors and medical staff
in the country. A large percentage of hospitals,
clinics and medical staff is concentrated in
urban area and cities. This presents an
opportunity for private investors and companies
to expand their health services into the rural
areas of the country.
9
Diagnostic Laboratories Market Owing to
government policies, the healthcare sector in the
country is gradually getting decentralized. With
this decentralization the number of hospitals
clinics is increasing and so is the overall
standard of healthcare services. To cater to this
demand there is a vital requirement for affective
and faster diagnostic laboratories. The overall
market for diagnostic laboratories has increased
from USD million in 2012 to USD million in
2017 with a CAGR of during this period. The
market is dominated by public hospital labs which
contribute around (USD million) to the
overall diagnostic laboratories market. The rise
in average income of the middle class in Vietnam
coupled with increasing prevalence of chronic
diseases is a major factor which has led to the
growth of diagnostic laboratories. These
laboratories are actively engaged in providing
imaging and pathology tests. Pathology tests
contributed approximately of the total
revenue, while imaging tests contributed around
in 2017.
10
  • Key Topics Covered in the Report
  • Vietnam Healthcare Market
  • Vietnam Healthcare Market Growth
  • Vietnam Healthcare Market Research Report
  • Vietnam Pharmaceuticals Market Size
  • Vietnam Medical Devices Market Size
  • Vietnam Pharmaceuticals Market
  • For more information on the research report,
    refer to below link
  • https//www.kenresearch.com/healthcare/general-hea
    lthcare/vietnam-healthcare-market-report/142714-91
    .html
  • Related Reports by Ken Research
  • https//www.kenresearch.com/healthcare/general-hea
    lthcare/qatar-healthcare-market-report/99730-91.ht
    ml

11
https//www.kenresearch.com/healthcare/medical-dev
ices/global-robotic-surgery-market/142287-91.html
https//www.kenresearch.com/healthcare/general-he
althcare/saudi-arabia-dental-care-market/142283-91
.html Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204
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