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Wound Care Market Vietnam, Prosthetics Revenue Vietnam-Ken Research


Vietnam medical devices market report includes total spending by public and private hospitals, clinical laboratories, polyclinics and medical research and education institutes on diagnostic imaging equipments, medical consumables, orthopedics and prosthetic devices, dental products, patient aid devices and several other medical equipments. For more information on the research report visit – PowerPoint PPT presentation

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Title: Wound Care Market Vietnam, Prosthetics Revenue Vietnam-Ken Research

Vietnam Medical Devices Market Research
Report-Ken Research
Research Methodology - Market Definitions- Health
care Market The healthcare market is explained
by cumulative revenues gathered from sales of
medical devices, pharmaceuticals and services
provided by private hospitals and clinical
laboratories in Vietnam. Pharmaceutical Market
The pharmaceutical market includes revenue
generated from domestic sales of human vaccines
and drugs which is obtained from domestic
production and imports. Sales of pharmaceuticals
to private and public hospitals, pharmacies/drug
stores, clinical laboratories (independent labs
and physician office labs), polyclinics,
community health centers and maternity homes in
Vietnam have been considered. Sales of
Pharmaceutical drugs have been considered at
retail level. Medical Devices Market Vietnam
medical devices market includes total spending by
public and private hospitals, clinical
laboratories (independent labs and physician
office labs), polyclinics and medical research
and education institutes on diagnostic imaging
equipments, medical consumables, orthopedics and
prosthetic devices, dental products, patient aid
devices and several other medical equipments.
Imported and domestically manufactured medical
devices have been considered. Hospital Market
The hospital and clinic market includes revenue
generated by private hospitals established in
Vietnam. Revenue from outpatient and inpatient
services has been considered.
Type of private hospitals considered includes
single specialty, multi-specialty and general
hospitals. Revenue from pharmacy retail though
pharmacies located in private hospitals has been
included. Revenue generated from walk-in patients
for laboratory tests has not been considered.
Hospitals with more than 50 beds have been
considered. Clinical Laboratory Market The
clinical laboratory market includes revenue
generated from services provided by public and
private hospital labs, independent labs and
physician office labs for routine, non-laboratory
and esoteric tests. Exchange Rate VND-USD has
been considered as 0.000044 throughout the
report. Research Methodology - Consolidated
Research Approach- Hypothesis Creation The
research team has first framed a hypothesis about
the market through analysis of existing industry
factors obtained from magazines, journals, broker
reports, investor presentations and annual
reports of major companies, Ministry of Health
Vietnam, Statistical Yearbook of
Vietnam. Hypothesis Testing The research team
conducted computer assisted telephonic interview
(CATI) with several industry professionals
including decision makers in medical devices,
pharmaceuticals, hospitals, and clinical
laboratories companies.
The industry professionals included several
importers and distributors of medical devices and
pharmaceutical products and doctors, management
executives, and other higher level authorities.
Structured interviews were conducted through
telecom with several industry veterans including
major decision makers from Hoan My, Medic Lab,
Viet My, Hanh Phuc International Hospital,
Nanogen Biopharma, TD Medical Company and other
companies. The analyst at Ken Research collated
their insights on the market onboard and to seek
justification to the hypothesis framed by the
team. Additionally several B2B clients from
different sectors including government offices,
diagnostic centers, and hospitals in the
ecosystem have been interviewed to understand
their perspectives, needs, requirements and the
prices they are willing to pay for procuring
medical devices and pharmaceutical drugs. Sanity
Checking _at_ Decision Tree Analysis Data has been
collected and verified through cross-sanity
checking the opinion and facts received from
interview with the hypotheses framed from public
databases. The team has verified the data by
conduction both bottom-to-top and top-to-bottom
analysis. Future Forecasting via Poll Opinions
and Statistical Tools Multi-Factor regression
was conducted on the lag variables by identifying
the independent and quantifiable variables
directly affecting the market. The forecasting
was done by using SPSS statistical tools. The
variables were checked for multi-co-linearity and
other bias that could be present in the model.
The conclusion from the regression was then
double-checked by conducting poll opinions
Interpretation and Proofreading The final
analysis will then be interpreted in the research
report by our expert team well versed with the
Healthcare Market. Research Methodology - Market
Sizing and Limitation Medical Devices
Market- Market Sizing We have collated data on
imports for medical devices market in the
country. After conducting CATIs with industry
experts and management of the leading medical
device manufacturers and traders in Vietnam, we
were able to get import share of the total
customer expenditure on medical devices in the
country. We have also applied gross margin which
is charged by the traders/importers on the
imported medical devices to estimate the sales
value of imported medical devices at retail
value. Additionally, our team has also reviewed
several industry publications and proprietary
databases to validate the data. We have also
interviewed management of multiple companies to
understand the revenues of certain leading
medical devices companies in the country to
sanity check the market. Limitation The
companies which provide medical devices also do
offer AMC (Annual Maintenance Contract) service
to the end users and also generate revenues from
repair and maintenance. However, we have not
considered this revenue stream into our model. We
have also not considered the sale of refurbished
or second hand medical devices.
Research Methodology - Products and Tests
Covered- Pharmaceutical Products Drug class
including anti-infectives, gastrointestinal and
metabolism, cardiovascular system, central
nervous system, respiratory, musculoskeletal,
dermatology, genitourinary and hormones, blood,
oncology, endocrinology, ENT, ophthalmology,
neonatology, genetic disease, immunology,
Diabetes, infectious diseases, inflammation,
internal diseases, metabolic diseases,
nephrology, pulmonology, psychiatry, thrombosis
and vitamin and dietary supplements. Medical
Devices Medical furniture, medical utensils,
clothing medical and accessories, anthropometric
equipment, hospital equipment, medical diagnostic
equipment, resuscitation/ anesthesia equipment,
surgical instrument, dressing devices, injection
devices, surgical sutures, auxiliary devices,
orthopedic devices, dental products, aesthetic
devices, blood Transfusion devices, family
planning devices, test kits and other
disposables. Non-Laboratory Tests Imaging tests
involving Computed tomography (CT), Fluoroscopy,
Magnetic resonance imaging (MRI) and magnetic
resonance angiography (MRA), Mammography, Nuclear
medicine, which includes such tests as a bone
scan, thyroid scan, and thallium cardiac stress
test, Plain X-rays, which includes chest X-ray,
Positron emission tomography, also called PET
imaging or a PET scan, ultrasound.
Interventional radiology Angiography or
angioplasty and stent placement, Embolization,
cancer treatments including tumor embolization
using chemoembolization or Y-90
radioembolization, Tumor ablation with
radiofrequency ablation, cryoablation, or
microwave ablation, Vertebroplasty and
kyphoplasty, Needle biopsies of different organs,
such as the lungs and thyroid gland, Breast
biopsy, guided either by stereotactic or
ultrasound techniques, Uterine artery
embolization, Feeding tube placement, Venous
access catheter placement, such as ports and
PICCs. Research Methodology - Variables
(Dependent and Independent)- Variables
Considered Number of Hospitals An increase in
number of healthcare centers will lead to an
increase in accessibility of various healthcare
services which will positively affect the revenue
of Vietnam healthcare market. Population An
increase in population will fuel the demand for
healthcare services as proportion of aged
population increases and number of visitors at
clinical labs, pharmacies, hospitals and other
healthcare center will increase. Public
Healthcare Expenditure Increase in healthcare
expenditure will lead to advanced healthcare
infrastructure in the country and attract more
number of medical tourists for both inbound and
outbound patients.
Prevalence of Diabetes Increase in prevalence of
diabetes will lead to an increase in demand for
anti-diabetic products and healthcare services
related to treatment of diabetes. This will
positively affect the overall market revenue of
Vietnam Healthcare Market. Forecast
Modelling The report applies Correlation and
Regression analysis methods to forecast the
future of the Vietnam Healthcare Market. The
capabilities of SPSS and predictive analytics
software have been leveraged to determine the
relevant indicators used for forecasting this
industry. In the present case, healthcare market
revenue has been taken as the dependent variable
and other variables such as population, number of
hospitals, public healthcare expenditure and
prevalence of diabetes have been taken as
independent variables. For more information on
the research report, refer to below
link https//www.kenresearch.com/healthcare/medic
1.html Related Reports By Ken Research- https//
search-report/652-91.html https//www.kenresearch
althcare-market-research-report/1106-91.html   Con
tact UsKen ResearchAnkur Gupta, Head Marketing
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