Prevalence of Various Diseases Driving Vietnam Telemedicine Market at an Anticipated CAGR of Around 10.52%

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The Vietnam Telemedicine Market size was valued at around USD360 million in 2024 and is projected to reach USD660 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.52% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rise in the market is due to an increase in the demand for advanced and efficient healthcare treatment, increasing adoption of electronic devices, increasing investments and collaborations in the sector, geographical restraints, developing & integration of technologies such as AI, ML, IIoT, cloud, and others, increasing penetration of high-speed internet services, etc.

The healthcare sector of Vietnam is propelling due to the increasing cases of diseases such as cardiovascular, cancer, diabetes, etc., because of unhealthy lifestyle habits, increasing pollution, aging population, heredity, and others. The rising numbers have led to the overcrowding of the hospitals, causing inconvenience to the patients and the management of the healthcare institution. Consequently, the institutions are extensively adopting telemedicine services, meeting the needs of the patients and ensuring effective management.     

For the betterment of the remote and rural population and to provide medical facilities, the government has initiated several projects and programmes such as Doctor for Everyone. It is a collaborative project of the United Nations Development Programme (UNDP) and the Korea Foundation for International Healthcare (KOFIH), under which 10 such provinces are targeted for the development and offering of the services.

Thus, to offer remote healthcare facilities using technological advancements such as video conferencing, telehealth wear devices, etc., eliminates the need to travel long distances and to sit in queues or waiting areas for hours, hence, the Vietnamese population is inclining towards telemedicine services, increasing its demand in the country, further states the research report, “Vietnam Telemedicine Market Analysis, 2025.”

Vietnam Telemedicine Market Segmentation Analysis

Mobile Health (mHealth) Apps Hold the Largest Market Share

Based on the communication technology segment, the market is further bifurcated into video conferencing platforms, mobile health (mHealth) apps, web-based portals, telephone-based services, and wearable & remote monitoring devices. The mobile health (mHealth) apps hold the majority of the market share of around 64%. This is due to the increasing penetration of smartphones, growing 5G internet connectivity, etc.

The electronic devices, especially smartphones, have gained popularity among Gen Z and millennials, due to the increasing remote working culture, the emerging gaming & entertainment sector, fintech, digital transformation across multiple sectors, etc. About 80% of the Vietnamese population is actively using internet services, and more than 90% of them access it from their mobiles. The advancements in technologies and their integration in mobile phones support the various telehealth apps, Mi Fitness, Home Workout, etc., thus increasing the utility of such applications. Further, the real-time monitoring and tracking of health updates via such apps leads to an increase in demand, hence increasing the growth of the telemedicine industry in the country.

Hospitals & Clinics are the Primary End-Users of Telemedicine

Hospitals and clinics dominate the Vietnam Telemedicine Market with a market share of around 56%. This is due to the adoption of 5G internet services, growing and well-established digital infrastructure, a lower number of advanced healthcare institutions, rising penetration of smartphones & telehealth wearables, integration of advancements such as AI, ML, Cloud, etc., the growing government investments, etc.

The healthcare institutions in the urban cities, such as Hanoi, Ho Chi Minh, and others in Vietnam, are overloaded with the growing number of patients visiting for treatment and regular checkups. It results in the unorganized and inefficient management and treatment of the patients. To overcome such situations, several hospital chains like Bach Mai etc. are incorporating telemedicine into their hospitals and clinics. Additionally, the mandatory regulations and policies, such as Decision No. 2628/QD-BYT issued by the Vietnam authorities for the betterment of the rural and remote population, have mandated the telemedicine services in the segment.

Thus, the increasing patients in urban hospitals and clinics and stringent regulations of the government have pushed the adoption of telemedicine in hospitals and clinics, hence facilitating the largest market share of the market in Vietnam.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Jio Health Vietnam, Docosan, Doctor Anywhere Vietnam, Viettel Telehealth (Viettel Group), Hello Bacsi (Hello Health Group), Med247, Vinmec Telehealth (Vingroup), eDoctor, Hoan My Telehealth, AiHealth, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping up across the country?
6. How has the buying behavior, customer inclination, and expectations from service providers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?