Vietnam Clinics Market to Grow with Advancing Technology until 2027
Rising disposable income for
quality healthcare is driving the growth of the Vietnam Clinics Market, in the
forecast period, 2023-2027F.
According to TechSci report on, “Vietnam
Clinics
Market - By Region, Competition
Forecast & Opportunities, 2027”,
Vietnam clinics market is anticipated to grow with an impressive CAGR in the
forecast period, 2023-2027 on the account of increasing
demands from the patients for quality healthcare services. Increasing instances
of various diseases like chronic diseases, infectious diseases, lifestyle
diseases leading to severe conditions & abnormalities, are driving the
growth of the Vietnam clinics market in the upcoming five years.
Expanding
healthcare services, and healthcare infrastructure is also supporting the
growth of the Vietnam clinics market in the next five years. Increasing
investment in the healthcare infrastructure construction from the government as
well as private authorities is anticipated to substantiate the growth of the
Vietnam clinics market in the future five years.
Moreover,
surge in the number of experienced healthcare workers, doctors, physicians,
nurses, etc. are also aiding the growth of the Vietnam clinics market due to
increasing demands for employment of the professionals, in the forecast years.
Although in the past the numbers of the doctors per population have been too
low, but the upcoming five years are anticipated to employ further experts to
support the growing demand. Number of doctors in the year 2019 was recorded to
be 96,218 which accounts for only 8.8 doctors per ten thousand inhabitant
population of the country.
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The
Vietnam clinics market is segmented by type, therapy area, services, competitional
landscape, and regional distribution. Based on type, the market is further
differentiated between general clinics and polyclinics. General clinics are
anticipated to hold the largest revenue shares of the market in the upcoming
five years and dominate the market on the account of increasing expenses over
healthcare infrastructure.
Rapidly
growing demand for the multispecialty clinics, and specialty clinics along with
the provisions of general healthcare services is anticipated to aid to the demand
for polyclinics, and thus the segment is also anticipated to register
significant growth in the next five years.
On
the basis of therapy area, the market segment is bifurcated into gynecology
& obstetrics, general & sports physiotherapy, dermatology, psychiatry,
orthopedics, dentistry, and others. Gynecology & Obstetrics are anticipated
to hold the largest revenue shares of the market and dominate the market
segment due to rapidly growing population of the country.
Higher
instances of complications during child birth is also anticipated to further
support the growth of the Vietnam clinics market. Growing demand for quality
healthcare facility present locally is also driving the growth of the Vietnam clinics
market in the future five years.
Dermatology
is anticipated to register significant growth in the upcoming five years on the
grounds of increasing demands for aesthetic & cosmetic treatments. Also,
increasing instances of skin diseases in the country and growing count of
patient suffering from food allergy is further anticipated to substantiate the
growth of the sub-segment along with the growth of the Vietnam clinics market
in the forecast years.
Market
segments on the basis of services, is further fragmented into diagnostic,
consultation, treatment, immunization, pharmacies, and others. Diagnostic
segment is anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years on the account of
rapidly increasing demand for the early diagnosis of the diseases such that
effective treatment can be provided.
Consultation
segment is anticipated to register significant growth in the next five years on
the grounds of evolving consumer patterns. The population is highly concerned
over their regular healthcare and thus conduct check-ups & consultations
with the respective doctors & experts to identify any future risks
A partial list of major market players of the Vietnam clinics market
includes:
·
TE
Healthcare (TE Asia Healthcare Partners)
·
Raffles
Medical Group (International SOS)
·
Hanoi
Family Medical Practice
·
Dr. Binh
Tele_Clinic
·
Columbia
Asia International Clinic-Saigon
·
CarePlus
International Clinic
·
Lotus
Clinic
·
Victoria
Healthcare Vietnam
·
Centre
Medical International
·
Kim's Eye
& Dasom Polyclinic
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“Healthcare system in the
country demands for increased investments and financial stability. The rapidly
growing instances of diseases, abnormalities, infections, and surging demand
for the early and effective treatment for the population is anticipated to support
the growth of the Vietnam clinics market in the recent years. Moreover, with
increasing dependency of the population over country’s healthcare system, since
medical tourism to the neighboring countries are banned due to COVID-19
protocols, the market is bound to experience boost in the upcoming five years.
New market players may align themselves with the government authorities to
identify the geographies that are in urgent need of clinical healthcare
facilities. Rural population require well established healthcare system and
thus merger & acquisitions with the global giants to facilitate the
infrastructure development would support their brand establishment in the
future market,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Vietnam Clinics Market
By Type (General Clinics v/s Polyclinics), By Therapy Area (Gynecology &
Obstetrics, General & Sports Physiotherapy, Dermatology, Psychiatry,
Orthopedics, Dentistry, Others), By Services (Diagnostic, Consultation,
Treatment, Immunization, Pharmacies, Others), By Region, Competition Forecast &
Opportunities, 2027” has evaluated the
future growth potential of Vietnam clinics 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 clinics market.
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