Press Release

Vietnam X-Ray Market to Reach USD 99.22 Million by 2030 With an Estimated CAGR of 5.22%

The Vietnam X-Ray Market size was valued at around USD73.12 million in 2024 and is projected to reach USD99.22 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.22% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The Vietnam X-Ray Market is under rapid growth for many reasons, such as the enhancement in technology and elevated healthcare demand. The increasing number of road accidents all over the country is raising the demand for X-rays. For example, according to the National Traffic Safety Committee, in Vietnam, there were almost 11,500 road accidents recorded in 2023, along with more than 5,700 deaths and tens of thousands of injuries. Many of these cases need X-ray tests for the early determination of bone fractures and ruptured ligaments, so it underlines the role of imaging systems in emergency care.

It states that Vietnam records one of the highest fatality rates from traffic injuries in Southeast Asia, an issue seriously challenging the nation. A thousand non-fatal injuries from road accidents require urgent medical attention. An X-ray is a lifeline to doctors who can easily ascertain the presence of fractures, injuries to internal organs, and tears of ligaments to initiate immediate treatment.

The portable X-ray systems revolutionized emergencies. The advanced machine is coming to ambulances and clinics in remote areas to bring critical diagnosis tools directly to the site of accident victims, regardless of the distance. Imaging has gotten faster and more precise, enabling doctors to take quick actions, hence, timely intervention that might mean everything to patients. This technology saves precious time and gives a patient a better chance of recovery.

Moreover, the integration of AI and ML is revolutionizing the X-ray market in ways that are simply remarkable. AI-powered X-ray systems are making complex diagnostic procedures easier, bringing consistency and precision to healthcare. With automation, such systems not only save time but also ensure results with greater accuracy, thus giving patients the confidence of a reliable diagnosis. This translates into lower operational costs and improved efficiency for healthcare providers to focus on better care. These developments are building a future where cutting-edge technology will play a key role in improving patient experiences and outcomes, further states the research report, Vietnam X-Ray Market Analysis, 2025”.

Vietnam X-Ray Market Segmentation Analysis

Digital Imaging is the Most Preferred Technology in the Market

Based on technology, the market is further bifurcated into Digital Imaging and Analog Imaging. Out of them, the digital imaging segment holds the largest market share of more than 65%. The higher efficiency and quality of images offered by digital imaging, along with advancing technologies, are boosting the Vietnam X-Ray Market. They are faster than their analog counterparts in producing results after diagnosis, along with much clarity in their images, making it extremely easy for radiologists to spot some underlying abnormality fairly accurately.

The new digital X-ray technology is widely adopted in most hospitals and diagnostic centers to improve work efficiency and patient care in Vietnam. The demand is further boosted by the motivation of the government in trying to modernize the healthcare infrastructure along with the increased burden of chronic diseases, including tuberculosis and cardiovascular disease, that require the frequent use of X-rays. Also, in comparison to conventional systems, digital X-ray systems offer less radiation exposure, making both patients and medical staff safer.

Digital imaging is also changing into greater focus stocks, aided by an increase in the number of private healthcare providers, as well as ramped-up investment efforts to obtain modern medical equipment. Digital X-ray technology has thus taken over the Vietnam X-ray market, replacing conventional analog systems.

Hospital Segment Generating Massive Demand for X-Ray Industry

Based on End-User, the Hospital segment leads the market. It holds approximately 60% of the total market share. Hospitals took the lead by providing healthcare services largely in emergency care, surgeries, and inpatient treatments requiring advanced diagnostic imaging. On average, hospitals take on many more patients than other types of health facilities, thus, there is an increasing need for in-house X-ray systems to guarantee the completion of timely, accurate diagnoses. With the active investment programs of the Vietnamese government into hospital infrastructure, too, completion in the modern procurement of X-ray technology for bettering medical services has been improved.

Many hospitals are also switching to digital X-ray systems for better efficiency and accuracy. Unlike standalone diagnostic centers, hospitals incorporate imaging services within their work for further and immediate diagnosis and treatment and to further referral of patients in lesser time. With an increasing burden of chronic diseases and an aged population that requires frequent imaging, it's hospitals that will remain the vital driving force behind the development of an ever-expanding X-ray marketplace in Vietnam.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Hitachi Medical, Canon Medical Systems, GE Healthcare, Philips Healthcare, Shimadzu Vietnam, Siemens Healthcare, Neusoft Medical System Vietnam, MediGroup Asia Ltd., Horiba, Samsung Healthcare, Hologic, 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 nation?
4. How has the industry been evolving in terms of geography and solution adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers 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?