Vietnam Medical Devices Market Research Report: Forecast (2024-2030)

Vietnam Medical Devices Market Report - By Device Type (Diagnostic Devices, Monitoring Devices, Drug Delivery Devices, Bio Implants and Stimulation Devices, Surgical Devices, Treat......ment Equipment, Others), By Therapeutic Application (Gastrointestinal Surgery, Cardiology, Respiratory, General Surgery, Orthopedics, Dental, Nephrology & Urology, Neurology, Ophthalmology, Ear-Nose-Throat [ENT], Others), By End User Hospitals, Specialty Centers & Clinics, Diagnostic Centres) and Others Read more

  • Healthcare
  • Jun 2024
  • 112
  • PDF, Excel, PPT

Market Insights & Analysis: Vietnam Medical Devices Market (2024-30):

Vietnam Medical Devices Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30. The market growth has been credited to the rising geriatric population, as with increasing age the risk for multiple diseases, including cancer, orthopedic, cardiovascular, neurological, and others increases enormously. Hence, owing to that the demand for various medical devices such as those required for monitoring chronic conditions, assistive devices for daily living, mobility aids, etc., has increased across the country. For instance, the population of Vietnam, aged around 60 and above is projected to increase to more than 25% by 2050, up from 11.9% in 2019 as stated by the United Nations.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-30) 9%
Region Covered North, South, Central
Key Companies Profiled Terumo Corporation, USM HEALTHCARE, Nihon Kohden Corporation, Medtronic plc, Stryker, Abbott Laboratories, Koninklijke Philips N.V., Boston Scientific Corporation, Becton Dickinson and Company, GE Healthcare, Others
Unit Denominations USD Million/Billion

 

Moreover, in recent years, medical tourism has been growing in Vietnam, which has contributed to the rising demand for a range of medical devices such as those used for dental & cosmetic procedures. Also, the continuous investments by the government in healthcare sectors, construction of new hospitals, etc., have been supporting the Vietnam Medical Devices Market.

In addition, awareness programs such as the Healthy Viet Nam Programme and others have been educating the Vietnamese population about health issues & available medical solutions. This heightened awareness has led to increased demand for medical devices as people try to find their health needs actively, thus the Vietnam Medical Devices Market is expected to witness growth.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Vietnam Medical Devices Market Trends & Developments
  5. Vietnam Medical Devices Market Dynamics
    1. Drivers
    2. Challenges
  6. Vietnam Medical Devices Market Hotspot & Opportunities
  7. Vietnam Medical Devices Market Supply Chain Analysis
  8. Vietnam Medical Devices Market Regulations & Policy
  9. Vietnam Medical Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Device Type
        1. Diagnostic Devices- Market Size & Forecast 2019-2030, USD Million
        2. Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
        3. Drug Delivery Devices- Market Size & Forecast 2019-2030, USD Million
        4. Bio Implants and Stimulation Devices- Market Size & Forecast 2019-2030, USD Million
        5. Surgical Devices- Market Size & Forecast 2019-2030, USD Million
        6. Treatment Equipment- Market Size & Forecast 2019-2030, USD Million
        7. Others (Anaesthesia Devices, Mobility Aid Devices, etc.)- Market Size & Forecast 2019-2030, USD Million
      2. By Therapeutic Application
        1. Gastrointestinal Surgery- Market Size & Forecast 2019-2030, USD Million
        2. Cardiology- Market Size & Forecast 2019-2030, USD Million
        3. Respiratory- Market Size & Forecast 2019-2030, USD Million
        4. General Surgery- Market Size & Forecast 2019-2030, USD Million
        5. Orthopedics- Market Size & Forecast 2019-2030, USD Million
        6. Dental- Market Size & Forecast 2019-2030, USD Million
        7. Nephrology & Urology- Market Size & Forecast 2019-2030, USD Million
        8. Neurology- Market Size & Forecast 2019-2030, USD Million
        9. Ophthalmology- Market Size & Forecast 2019-2030, USD Million
        10. Ear-Nose-Throat (ENT) - Market Size & Forecast 2019-2030, USD Million
        11. Others (Dermatology, Gynecology, etc.)- Market Size & Forecast 2019-2030, USD Million
      3. By End User
        1. Hospitals- Market Size & Forecast 2019-2030, USD Million
        2. Specialty Centers & Clinics- Market Size & Forecast 2019-2030, USD Million
        3. Diagnostic Centres- Market Size & Forecast 2019-2030, USD Million
        4. Others (Research Organisations, Homecare, etc.)- Market Size & Forecast 2019-2030, USD Million
      4. By Region
        1. North
        2. South
        3. Central
      5. By Competition
        1. Competition Characteristics
        2. Market Share of Companies
  10. Vietnam Diagnostic Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, USD Million
        1. Imaging Devices
          1. X-ray Machines- Market Size & Forecast 2019-2030, USD Million
          2. Computed Tomography (CT) Scanners- Market Size & Forecast 2019-2030, USD Million
          3. Magnetic Resonance Imaging (MRI) Machines- Market Size & Forecast 2019-2030, USD Million
          4. Ultrasound Machines- Market Size & Forecast 2019-2030, USD Million
          5. Positron Emission Tomography (PET) Scanners- Market Size & Forecast 2019-2030, USD Million
          6. Endoscopes- Market Size & Forecast 2019-2030, USD Million
          7. Others (Echocardiography, Fluoroscopy, etc.)- Market Size & Forecast 2019-2030, USD Million
        2. Laboratory Diagnostic Equipments- Market Size & Forecast 2019-2030, USD Million
          1. Clinical Chemistry Analyzers- Market Size & Forecast 2019-2030, USD Million
          2. Immunoassay Analyzers- Market Size & Forecast 2019-2030, USD Million
          3. Hematology Analyzers- Market Size & Forecast 2019-2030, USD Million
          4. Others (Chromatography Systems, Clinical Centrifuges, etc.)- Market Size & Forecast 2019-2030, USD Million
        3. Diagnostic Molecular Devices- Market Size & Forecast 2019-2030, USD Million
        4. Others (Diagnostic Cardiology Devices, Diagnostic Neurology Devices, etc.) - Market Size & Forecast 2019-2030, USD Million
      2. By Therapeutic Application- Market Size & Forecast 2019-2030, USD Million
      3. By End User- Market Size & Forecast 2019-2030, USD Million
  11. Vietnam Monitoring Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, USD Million
        1. Cardiac Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
        2. Respiratory Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
        3. Temperature Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
        4. Brain Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
        5. Hemodynamic Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
        6. Others (Fetal and Neonatal Monitoring Devices, Weight Monitoring Devices, etc.)- Market Size & Forecast 2019-2030, USD Million
    3. By Therapeutic Application- Market Size & Forecast 2019-2030, USD Million
    4. By End User- Market Size & Forecast 2019-2030, USD Million
  12. Vietnam Drug Delivery Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, USD Million
        1. Implantable Drug Delivery Devices- Market Size & Forecast 2019-2030, USD Million
        2. Inhalers and Nebulizers- Market Size & Forecast 2019-2030, USD Million
        3. Safety Syringes- Market Size & Forecast 2019-2030, USD Million
        4. Transdermal Patches- Market Size & Forecast 2019-2030, USD Million
    3. By Therapeutic Application- Market Size & Forecast 2019-2030, USD Million
    4. By End User- Market Size & Forecast 2019-2030, USD Million
  13. Vietnam Bio Implants and Stimulation Devices Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. Neurostimulation Devices- Market Size & Forecast 2019-2030, USD Million
        2. Cardiac Implantable Devices- Market Size & Forecast 2019-2030, USD Million
        3. Orthopedic Implants- Market Size & Forecast 2019-2030, USD Million
        4. Dental Implants- Market Size & Forecast 2019-2030, USD Million
        5. Others (Cochlear Implants, Retinal Prostheses, etc.) - Market Size & Forecast 2019-2030, USD Million
      2. By Therapeutic Application- Market Size & Forecast 2019-2030, USD Million
      3. By End User- Market Size & Forecast 2019-2030, USD Million
  14. Vietnam Surgical Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, USD Million
        1. Surgical Sutures & Staplers- Market Size & Forecast 2019-2030, USD Million
        2. Handheld Surgical Devices- Market Size & Forecast 2019-2030, USD Million
        3. Electrosurgical Devices- Market Size & Forecast 2019-2030, USD Million
        4. Others (Robotic Surgical Systems, Surgical Hernia Mesh, etc.)- Market Size & Forecast 2019-2030, USD Million
    3. By Therapeutic Application- Market Size & Forecast 2019-2030, USD Million
    4. By End User- Market Size & Forecast 2019-2030, USD Million
  15. Vietnam Treatment Equipment Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type- Market Size & Forecast 2019-2030, USD Million
        1. Infusion Pumps- Market Size & Forecast 2019-2030, USD Million
        2. Dialysis Machines- Market Size & Forecast 2019-2030, USD Million
        3. Respiratory Therapy Equipment- Market Size & Forecast 2019-2030, USD Million
        4. Radiation Therapy Equipment- Market Size & Forecast 2019-2030, USD Million
        5. Others (Medical Lasers, Wound Care Devices, etc.)- Market Size & Forecast 2019-2030, USD Million
    3. By Therapeutic Application- Market Size & Forecast 2019-2030, USD Million
    4. By End User- Market Size & Forecast 2019-2030, USD Million
  16. Vietnam Medical Devices Market Key Strategic Imperatives for Growth & Success
  17. Competitive Outlook
    1. Company Profiles
      1. Terumo Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. USM Healthcare
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Nihon Kohden Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Medtronic plc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Stryker
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Abbott Laboratories
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Koninklijke Philips N.V.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Boston Scientific Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Becton Dickinson and Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. GE Healthcare
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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