Medical and Electro-diagnostics Apparatus Market Vietnam - Ken Research
by Ashish Kumar Market ResearcherThe growth in the Healthcare industry of Vietnam can be
attributed to the increasing and ageing population, reduction in poverty along
with rise in demand for healthcare services due to increase in average income
of middle class in the country.
Vietnam is one of the fastest growing economies in South-East
Asia. The country has transformed from one of the poorest countries to a lower
middle-income country in the past few decades. There has been a dramatic
reduction in poverty and the country has made significant advances in provision
of basic services to its citizens. The access to basic healthcare services has
also improved. However the pressure on public healthcare facilities (hospitals,
clinics, diagnostic laboratories etc.) has increased substantially in recent
years. Considering the limitations of a government dominated sector and the
need to expand, the government has deregulated the healthcare sector and
allowed private investment into the industry.
Vietnam has one of the fastest growing pharmaceutical markets
in South-East Asia, which is majorly dependant on imports. Prevalence of a
number of chronic diseases in the country has made it imperative to import
medicines. The indigenous pharmaceutical companies majorly produce generic
drugs while international companies can distribute their products only in
partnership with a local company. The medical devices market similar to the
pharmaceutical market is majorly dependant on imports. Currently most of the
hospital, clinics and diagnostic labs use outdated technology due to lack of
government funding in this sector. However, with the increase in private
investment in hospitals, clinics and labs these outdated devices are gradually
being updated. Devices for imaging and orthopedic devices and implants
contribute a major share of revenue to the market. The number of hospitals has
gradually increased in the country. Most of the hospitals and clinics in the
country are run by the government and they are not adequate enough to cope up
with the demand of the ever increasing population. With deregulation of the
healthcare sector a number of new hospitals have already come up and stocks of
public hospitals are available in the market for national and international
healthcare firms and private investor to invest into. Similar to the hospitals
and clinics, most of the diagnostic laboratories in Vietnam are owned and
operated by the government. With the rise in population of the country there
has been a significant increase in demand for diagnostic tests. The number of
private labs is increasing and private investment into the sector is expected
to increase in the future.
The report titled “Vietnam
Healthcare Market by Industry Type (Hospitals & Clinics, Diagnostic Labs,
Pharmaceutical and Medical Devices) –Outlook to 2022” by Ken Research
suggested a growth at a positive CAGR in revenues in Vietnam Healthcare market
in the next 5 years till 2022, due liberalization of the healthcare sector by
the government and increase in average income of middle class.
Key Topics Covered in
the Report:
Revenue of Laboratories by Type of Test in Vietnam
Diagnostics Laboratories in Vietnam
Vietnam Medical Devices Market Size
Vietnam Healthcare Market Size
Vietnam Ophthalmic Instruments Market Consumption
Vietnam Pharmaceuticals Market Size
Market share of Major Hospitals in Vietnam
Vietnam Pharmaceuticals Market Segmentation
For more information on
the research report, refer to below link:
Related Reports by Ken
Research
https://www.kenresearch.com/healthcare/medical-devices/global-robotic-surgery-market/142287-91.html
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Created on Jan 23rd 2018 01:45. Viewed 319 times.