Vietnam Telemedicine Market to Grow with a CAGR of 7.48% through 2029
Advancements in telecommunications technology and COVID-19 Pandemic are
expected to drive the Vietnam Telemedicine Market growth in the forecast
period, 2025-2029
According to TechSci Research report, “Vietnam Telemedicine
Market – By Region, Competition, Forecast & Opportunities, 2029F”, the Vietnam
Telemedicine Market stood at USD 242.12 million in 2023 and is anticipated to
grow with a CAGR of 7.48% through 2029.
Advancements in telecommunications technology,
particularly in internet connectivity and mobile devices, have laid the
foundation for the expansion of telemedicine in Vietnam. The widespread
adoption of smartphones and increasing internet penetration rates have
facilitated greater access to telecommunication platforms and applications.
These technological advancements enable remote consultations, digital health
monitoring, and tele-diagnostic services, bridging the gap between healthcare
providers and patients, particularly in underserved rural areas with limited
access to medical facilities.
Vietnam is witnessing a surge in healthcare needs
driven by population growth, aging demographics, and the rising burden of
chronic diseases. Telemedicine emerges as a crucial solution to address these
evolving healthcare needs by offering remote access to medical services, thus
improving healthcare accessibility and delivery across the country.
The COVID-19 pandemic has acted as a catalyst,
accelerating the adoption of telemedicine in Vietnam. To curb the spread of the
virus and ensure continuity of care, telemedicine platforms became
indispensable tools for healthcare providers during lockdowns and periods of
social distancing. They facilitated remote consultations, allowed for the
monitoring of patients' health remotely, and enabled the management of
non-emergency medical conditions.
Recognizing the potential of telemedicine to
revolutionize healthcare delivery, the Vietnamese government has introduced
supportive regulatory frameworks and policy initiatives. The Ministry of Health
has implemented guidelines and regulations to govern telemedicine practices,
ensuring patient safety, data privacy, and the quality of care provided.
Moreover, public-private partnerships and collaborations are being forged to
promote the adoption of telemedicine and the development of telemedicine
infrastructure nationwide. These concerted efforts underscore Vietnam's
commitment to leveraging telemedicine to enhance healthcare access and delivery
for its population.
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The Vietnam Telemedicine Market is segmented into component,
modality, application, delivery mode, facility, end user, regional
distribution, and company.
Based on Facility, the Tele-home segment has emerged
as the predominant market leader, Tele-home services revolutionize healthcare
delivery by eliminating the necessity for patients to physically travel to
healthcare facilities, a significant challenge, especially for those residing
in remote or rural regions. Through telecommunication platforms, patients
effortlessly connect with healthcare providers, substantially reducing the time
and costs associated with traditional healthcare visits. This convenience
significantly enhances healthcare accessibility, particularly for individuals
facing mobility issues or managing chronic illnesses requiring frequent
monitoring.
Also, tele-home services cater to the growing
preference among patients for seeking medical care within the privacy and
comfort of their homes. This patient-centric approach not only fosters greater
engagement but also enhances overall satisfaction, thereby contributing to
improved health outcomes and adherence to treatment plans. Tele-home services
prove exceptionally beneficial for managing chronic conditions like diabetes,
hypertension, and heart disease. These conditions necessitate regular
monitoring and management, tasks that telemedicine platforms efficiently
facilitate. Utilizing remote monitoring devices such as wearable sensors and
home-based medical devices, patients can continuously track vital signs and
share real-time data with healthcare providers. This seamless exchange of
information enables proactive interventions and personalized care plans,
ultimately enhancing patient outcomes and quality of life.
Major companies operating in Vietnam Telemedicine Market
are:
- Jio Health
- eDoctor
- Nhi Đồng 315
- Med247
- DOCOSAN
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“Vietnam Telemedicine Market stands at the forefront
of healthcare innovation, driven by advancements in technology, evolving
healthcare needs, and supportive regulatory frameworks. As telemedicine
continues to gain traction as a viable solution to address healthcare
challenges, particularly in remote and underserved areas, the market is poised
for significant growth. With increasing adoption of telecommunication
platforms, changing consumer preferences, and ongoing technological
advancements, telemedicine is reshaping the healthcare landscape in Vietnam,
ultimately improving access, efficiency, and quality of care for patients
across the country”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Vietnam Telemedicine Market, By Component (Product, Services), By Modality (Store and forward, Real time, Others), By Application (Teleradiology, Telepsychiatry, Telepathology, Teledermatology, Telecardiology, Others), By Delivery Mode (Web/Mobile, Call Centers), By Facility (Tele-hospital, Tele-home), By End User (Providers, Payers, Patients, Others), By Region, Competition Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Vietnam
Telemedicine 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 Telemedicine Market.
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