Vietnam Diagnostic Imaging Market to Grow With Advancing Technology until 2027
Foreign
direct investments in medical device sector are driving the growth of the Vietnam
Diagnostic imaging Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam
Diagnostic
Imaging Market - By
Region, Competition Forecast & Opportunities, 2027” Vietnam
diagnostic imaging market is anticipated to grow with an impressive CAGR in the
forecast period, 2023-2027 on the account of increasing demand for efficient
medical devices. Increasing demand for early diagnosis and rising instances of
chronic diseases, infectious diseases, and neurological disorders are driving
the growth of the Vietnam diagnostic imaging market in the upcoming five years.
Increasing investments in the imports of medical devices like PET/CT machine,
ultrasound machine, and other diagnostic imaging equipment also leads to the
growth of the Vietnam diagnostic imaging market in the next five years. Growing
geriatric population of the country is also influencing the growth of the
Vietnam diagnostic imaging market in the future five years. Moreover, Shortage
of local manufacturers and thus the manufacturing of the diagnostic imaging in
the country is scarce that leads to higher dependability over medical device
imports and further aiding the growth of the Vietnam diagnostic imaging market
in the forecast years, until 2027.
Also,
through investment funds, favorable schemes, and tax incentives the government
further supports the Vietnam diagnostic imaging market in the forecast period.
Although, foreign investors and suppliers of the medical devices must abide by
the stringent government policies and regulation that pike the medical devices
import. Also, high competition in the market due to various international
companies invading the market and supplying their products as per the growing
demands would influence the growth of the Vietnam diagnostic imaging market in
the future five years.
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The Vietnam
diagnostic imaging market is segmented by type, mobility, source, application,
end user, competitional landscape, and regional distribution. Based on type,
the market is bifurcated into x-ray imaging solutions, ultrasound systems, MRI
systems, CT scanners, nuclear imaging solutions, mammography, and others. X-ray
imaging solutions is anticipated to hold the largest revenue shares of the
market and dominate the market segment in the upcoming five years on the
grounds of increasing demand for early diagnosis and detailed analysis of the
underlying causes of the diseases & disorders. Ultrasound systems are
anticipated to register significant growth in the next five years due to
increasing population of the country and demands from expecting mothers for the
regular checkups for their pregnancy and unborn child. Increasing geriatric
population of the country are highly susceptible to chronic and neurological
diseases and with increasing instances of infectious diseases like COVID-19,
demands for CT scanners, nuclear imaging solutions are further increasing and
driving the growth of the Vietnam diagnostic imaging market in the future five
years.
Market segment
by mobility is differentiated between portable and standalone. Portable
diagnostic machines are anticipated to register fastest growth in the upcoming
five years in the grounds of increasing imports for the technologically
advanced medical devices. Moreover, maintenance and cost of portable diagnostic
equipment are affordable and thus lead to the growth of the Vietnam diagnostic
imaging market in the future five years.
On the basis of
source, the market is further divided between domestic and import. Import
segment is expected to hold most of the revenue shares of the market in the
upcoming five years, since due to lack of technology and resources, local
market players may not be able to provide advanced technology in the medical
devices. Moreover, penetration from the global giants in the market would also
influence the growth of the Vietnam diagnostic imaging market in the future
five years.
A
partial list of major market players of the Vietnam diagnostic imaging market
includes :
·
GE Healthcare
·
Philips Healthcare Vietnam
·
Siemens Healthineers Vietnam
·
Canon Medical Systems Vietnam
·
Neusoft Medical Systems Vietnam
·
Canon Medical Systems Vietnam
·
AppTech Medical, Inc.
·
FUJIFILM VIETNAM Co., Ltd.
·
Shimadzu Vietnam Co., Ltd.
·
IDS Medical Systems Vietnam Ltd. (idsMED
Vietnam)
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“Vietnam diagnostic imaging market is anticipated to register an
impressive growth in the upcoming five years due to increasing concerns among
the population regarding regular checkups and health maintenance. Increasing
investment in the medical devices, and increased imports of the medical devices
from the multinational companies would further aid the growth of the market in
the future five years. The government is also investing in healthcare infrastructure;
thus hospitals and clinics would increase and may further support the Vietnam
diagnostic imaging market in the forecast years. New market players would
benefit from merger and acquisitions with the global giants. The competition in
the market is tough thus investing in the industry analysis and understanding
consumer demands would benefit for the brand establishments,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Vietnam
Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Diagnostic imaging,
MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By
Mobility (Portable v/s Standalone), By Source (Domestic v/s Import), By
Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology,
Gynecology, Others), By End User (Hospitals & Clinics, Diagnostic Centers,
Ambulatory Care Centers, Others), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of Vietnam diagnostic imaging 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 diagnostic imaging market.
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