PUBLISHER: TechSci Research | PRODUCT CODE: 1074082
PUBLISHER: TechSci Research | PRODUCT CODE: 1074082
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Vietnam medical devices market is anticipated to grow at a significant rate during the forecast period. The market growth can be attributed to the surging demands for medical devices from the healthcare industry and the rising need for effective and efficient diagnosis, treatment, and monitoring procedures. Besides, high investments in the development of medical technologies and increasing R&D initiatives by key players involved in the Vietnam medical devices market are adding to the market growth. Most pharmaceutical and biotechnological companies are focusing on developing new medical technologies to accommodate the growing needs of patients, aiding the growth of the Vietnam medical devices market. Favorable policies by regulatory authorities of the country for the approval of medical devices and rising incidences of chronic disorders such as diabetes, hypertension, cardiovascular diseases, etc., are propelling the growth of the Vietnam medical devices market. The rise in the number of inpatient admissions and surgical and diagnostic procedures also contributes to the growth of the Vietnam medical devices market during the forecast period. The presence of adequate and favorable reimbursement policies, well-developed healthcare infrastructure, and advanced medical technologies are some of the other factors fueling the growth of the Vietnam medical devices market. The high acquisition cost of medical devices and subsequent maintenance costs could restrain the growth of the Vietnam medical devices market in the forecast period.
The Vietnam medical devices market is segmented by type, end-user, regional distribution, and competitional landscape. The type segment is further divided into cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, diabetes care devices, dental care devices, surgical equipment, orthopedic devices, patient monitoring devices, nephrology & urology devices, ENT devices, anesthesia & respiratory devices, neurology devices, mobility-aid devices, and others. Amongst type category, the in-vitro diagnostics (IVD) segment is anticipated to dominate the Vietnam medical devices market owing to the increasing uptake of real-time diagnostic tests and growing requirement for the precise diagnosis of chronic and infectious diseases.
Leading players in the Vietnam medical devices market include Stryker Corporation Vietnam, USM Healthcare Medical Devices Factory JSC, Medical Devices and Biomaterial Plant Joint Stock Company, Getz Healthcare (Vietnam), Omron Healthcare Vietnam, B. Braun Vietnam Co., Ltd., Hoya Lens Vietnam Ltd., Japan Vietnam Medical Instrument JSC, Armephaco Joint Stock Company, Terumo Vietnam Medical Equipment Co., Ltd, GE Healthcare Vietnam, etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of medical devices suppliers, and manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam medical devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as medical devices suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam medical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Cardiovascular Devices
Diagnostic & Monitoring Devices
Surgical Devices
Diagnostic Imaging Equipment
X-Ray Systems
Ultrasound Systems
CT Scanners
MRI
Others
In-vitro Diagnostic Devices
Point-of-Care Diagnostic Devices
Immunochemistry Diagnostic Devices
Clinical Chemistry Diagnostics Devices
Molecular Diagnostics Devices
Others
Ophthalmic Devices
Vision Care Devices
Cataract Surgery Devices
Diagnostic & Monitoring Devices
Others
Diabetes Care Devices
Self-Blood Glucose Monitoring Devices
Continuous Blood Glucose Monitoring Devices
Dental Care Devices
General Dental Devices
Dental Surgical Devices
Others
Surgical Equipment
Surgical Sutures & Staplers
Handheld Surgical Devices
Electrosurgical Devices
Orthopedic Devices
Joint Reconstruction Devices
Spinal Surgery Devices
Trauma Fixation Devices
Orthopedic Braces and Support Devices
Others
Patient Monitoring Devices
Vital Signs Monitoring Devices
Fetal & Neonatal Monitoring Devices
Weight Monitoring and Body Temperature Monitoring Devices
Others
Nephrology & Urology Devices
Endoscopy Devices
Dialysis Devices
Urinary Stone Treatment Devices
Others
ENT Devices
Hearing Aid Devices
Nasal Splints
ENT Surgical Devices
Others
Anesthesia & Respiratory Devices
Respiratory Devices
Anesthesia Machines
Others
Neurology Devices
Neurostimulation Devices
Neurology Devices
Interventional Neurology Devices
Others
Mobility-Aid Devices
Wheelchairs
Walking Aids
Mobility Lifts
Slings
Others
Others
Hospitals & Clinics
Diagnostic Centers
Others
Western
Central
Eastern
Rest of Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam medical devices market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information