Vietnam Hospital Beds Market to Grow at 4.12% CAGR through 2029
Technological
advancements in hospital bed design and medical tourism & healthcare
investments is expected to drive the Vietnam Hospital Beds Market growth in the
forecast period, 2025-2029.
According to
TechSci Research report, “Vietnam Hospital Beds Market –Industry Size,
Share, Trends, Competition, Forecast & Opportunities, 2019-2029F”,
the Vietnam Hospital Beds
Market achieved a total market volume of 320.02 thousand in 2023 and is
anticipated to project impressive growth in the forecast period with a CAGR of
4.12% through 2029.
The Vietnam
Hospital Beds Market is witnessing significant growth and evolution, driven by
various factors shaping the healthcare landscape in the country. One of the key
drivers of the Vietnam Hospital Beds Market is the increasing prevalence of
chronic diseases and non-communicable diseases (NCDs) in the country. Factors
such as changing lifestyles, urbanization, and an aging population have
contributed to the rise in chronic diseases such as diabetes, cardiovascular
diseases, and respiratory conditions. As a result, there is a growing need for
hospital beds to accommodate patients requiring long-term or specialized care
for chronic illnesses.
Vietnam's
healthcare system is undergoing modernization and expansion to improve access
to quality healthcare services across the country. The government has been
investing in healthcare infrastructure, including the construction and
renovation of hospitals, clinics, and medical facilities in both urban and
rural areas. This investment has led to an increased demand for hospital beds
to equip these newly built or upgraded healthcare facilities.
In addition to
infrastructure development, the rise of medical tourism is driving the demand
for hospital beds in Vietnam. The country has emerged as a popular destination
for medical tourists seeking affordable healthcare services, cosmetic
procedures, and specialized treatments. Hospitals catering to medical tourists
require high-quality facilities and amenities, including modern hospital beds,
to attract and accommodate international patients.
Technological
advancements are playing a significant role in shaping the Vietnam Hospital
Beds Market. Modern hospital beds are equipped with advanced features such as
electronic controls, adjustable positions, and integrated monitoring systems to
enhance patient comfort, safety, and care. Hospitals are investing in these
technologically advanced beds to improve patient outcomes and streamline
healthcare delivery.
Another factor
driving the Vietnam Hospital Beds Market is the government's focus on universal
healthcare coverage and health insurance expansion. The government has been
working to increase healthcare access and affordability for all citizens,
leading to a higher demand for hospital beds among insured patients. Health
insurance coverage has made it easier for individuals to seek medical
treatment, leading to an increase in hospital admissions and bed occupancy
rates. The COVID-19 pandemic has highlighted the importance of healthcare
infrastructure and hospital capacity in Vietnam. Hospitals have faced increased
pressure to accommodate COVID-19 patients, leading to a surge in demand for
hospital beds, especially in intensive care units (ICUs) and isolation wards.
The pandemic has underscored the need for adequate hospital beds and medical
resources to respond to public health emergencies and infectious disease
outbreaks.
The Vietnam
Hospital Beds Market is experiencing robust growth driven by factors such as
the increasing prevalence of chronic diseases, infrastructure development,
medical tourism, technological advancements, universal healthcare coverage, and
the impact of the COVID-19 pandemic. As the country's healthcare system
continues to evolve and expand, the demand for hospital beds is expected to
remain strong, presenting opportunities for market growth and innovation in the
years to come.
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The Vietnam Hospital
Beds Market is segmented into type, usage, application, end user, regional
distribution, and company.
Based on usage, Acute
Care Beds emerge as the dominant segment, primarily due to the country's focus
on addressing immediate and short-term medical needs. Acute care beds are
designed to cater to patients requiring urgent medical attention, emergency
care, surgical interventions, and postoperative recovery. As such, they form
the backbone of hospital infrastructure and are essential for managing a wide
range of medical conditions, from injuries and trauma to acute illnesses and
surgical procedures.
The dominance of
Acute Care Beds in the Vietnam Hospital Beds Market can be attributed to
several factors. Acute care beds are versatile and adaptable, making them
suitable for use in various hospital departments and medical specialties,
including emergency departments, medical-surgical wards, intensive care units
(ICUs), and operating rooms. These beds are equipped with features such as
adjustable height, backrest elevation, and side rails, allowing healthcare
providers to customize patient positioning and support specific medical
interventions. The prevalence of acute medical conditions and the need for
timely interventions drive the demand for acute care beds in Vietnam. With a
growing population and an increasing burden of disease, hospitals require a
sufficient inventory of acute care beds to meet the demands of patients
requiring emergency medical care, diagnostic procedures, and surgical
interventions. Acute care beds are essential for optimizing patient flow,
reducing wait times, and ensuring timely access to medical services, thereby
improving patient outcomes and satisfaction.
Based on region,
North Vietnam emerges as the second dominant region in the Vietnam Hospital
Beds Market due to several key factors that contribute to its significant role
in the healthcare landscape of the country. North Vietnam is home to Hanoi, the
capital city of Vietnam, which serves as a major hub for healthcare services,
medical education, and research. Hanoi boasts a concentration of leading
hospitals, medical centers, and specialty clinics, catering to the healthcare
needs of residents in the northern region and beyond. The presence of
prestigious healthcare institutions in Hanoi, such as Vietnam National Cancer
Hospital, Bach Mai Hospital, and Viet Duc Hospital, enhances the region's
prominence in the hospital beds market.
North Vietnam
benefits from a relatively higher population density compared to other regions
of the country, particularly in urban areas such as Hanoi and Hai Phong. The
dense population contributes to a higher demand for healthcare services,
including hospital beds, to accommodate the healthcare needs of the local
population. As a result, hospitals in North Vietnam experience higher patient
volumes and bed occupancy rates, driving the demand for hospital beds in the
region. North Vietnam's strategic location and connectivity play a significant
role in its prominence in the hospital beds market. The region serves as a
gateway to neighboring provinces and regions, facilitating the flow of
patients, medical supplies, and healthcare resources. The presence of major
transportation hubs, such as Noi Bai International Airport and Hai Phong Port,
enables efficient access to healthcare facilities in North Vietnam, further
contributing to the region's importance in the healthcare sector.
Major companies
operating in Vietnam Hospital Beds Market are:
- Bao Anh Medical Equipment Joint Stock Company
- Platz Vietnam Co., Ltd.
- Paramount Bed Vietnam Co., Ltd.
- Armephaco Joint Stock Company
- Hong Ky Vietnam Co., Ltd.
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“The future of
the Vietnam Hospital Beds Market is poised for significant growth and
innovation, driven by various factors that shape the evolving healthcare
landscape in the country. With Vietnam's commitment to expanding and
modernizing its healthcare infrastructure, coupled with rising healthcare
expenditure and improving healthcare access, the demand for hospital beds is
expected to soar in the coming years. Technological advancements will play a
pivotal role in shaping the future of hospital beds, with a focus on developing
smart and connected beds equipped with advanced features such as remote
monitoring, integrated patient data systems, and artificial intelligence-driven
analytics. These innovations will enhance patient comfort, safety, and care
delivery while optimizing hospital operations and resource utilization. As
Vietnam's population continues to age and the burden of chronic diseases grows,
there will be a heightened demand for specialized hospital beds tailored to the
needs of elderly patients and those with chronic conditions. This trend will
drive investments in long-term care facilities, rehabilitation centers, and
palliative care units, fostering opportunities for market expansion and
diversification in the Vietnam Hospital Beds Market”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Vietnam Hospital Beds Market By Type (Electric Beds, Semi-Electric
Beds, Manual Beds), By Usage (Acute Care Beds, Psychiatric Care Beds, Long-Term
Care Beds, Others), By Application (Intensive Care and Non-Intensive Care), By
End User (Hospitals, Home Care Settings, Elderly Care Settings, Others), By Region,
Competition, Forecast and Opportunities, 2019-2029F”, has evaluated
the future growth potential of Vietnam Hospital Beds Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Vietnam Hospital Beds Market.
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