Vietnam Medical Devices Market Size, Trends, Growth, Report 2027

Summary

Report Description

Vietnam medical devices market stood at USD 1,832.49 million in 2021 and is expected to grow at a steady CAGR of 12.27% during the forecast period. This can be estimated to grow at a robust rate during the forecast years.

The Vietnam medical devices market is driven by an increase in the geriatric population of Vietnam. Additionally, one of the essential elements driving the growth of this market is increasing collaboration with countries such as South Korea, Germany, Italy, etc. 90% demand for medical devices in Vietnam is fulfilled through imports, and 10% of the supply through local markets. These reasons are expected to have a positive result on the market growth.

Furthermore, the large population of Vietnam, medical tourism, the government targeting expansion of health insurance coverage, and new public healthcare facilities are also responsible for the growth of the medical devices market in India.

The Rise in Aging Population

In Vietnam, the number of people who are getting older is rising while the birth rate is falling, which hastens the ageing process. In Asia Pacific, Vietnam has one of the fastest ageing populations. Because persons over 60 aged are more likely to contract diseases, the industry will be impacted by an ageing population. Medical gadgets are needed by doctors for disease diagnosis and treatment.

Increase in Medical Tourism

Vietnam holds great opportunities in medical tourism development. Vietnam’s political stability, affordability of healthcare, and relatively high quality of medicines are driving the growth of medical tourism in Vietnam, and this will boost the growth of the market. As medical tourism is increasing, the number of professionals and hospitals is also increasing, and this will increase the demand for medical devices for diagnosis and treatment.

The Rise in Chronic Diseases

The elderly population is increasing as well as the prevalence of the chronic disease. This has increased the number of deaths. To prevent this, the government of Vietnam is opening more hospitals that require medical devices to diagnose severe diseases.

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Market Segmentation

The Vietnam medical devices market is segmented based on type, end user, region, and company. Based on type, the market can be fragmented into Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others. Based on end user, the market is split into Hospitals & Clinics, Diagnostic Centers, Others.

Company Profiles

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 are among the major market players in Vietnam that lead the market growth of the Vietnam medical devices market.

Attribute	Details
Market size value in 2021	USD1,832.49 Million
Revenue Forecast in 2027	USD3,729.92 Million
Growth Rate	12.27%
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Type · End User
Regional Scope	Northern, Southern, Central
Key Companies Profiled	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
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

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:

Vietnam Medical Devices Market, By Type:

In-vitro Diagnostic Devices
Diagnostic Imaging Equipment
Cardiovascular Devices
Diabetes Care Devices
Surgical Equipment
Dental Care Devices
Opthalmic Devices
Patient Monitoring Devices
Orthopedic Devices
Nephrology & Urology Devices
ENT Devices
Anesthesia & Respiratory Devices
Neurology Devices
Mobility-Aid Devices
Others

Vietnam Medical Devices Market, By End User:

Hospitals & Clinics
Diagnostic Centers
Others

Vietnam Medical Devices Market, By Region:

Southern
Central
Northern

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:

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Vietnam Medical Devices Market

5. Voice of Customer

5.1. Source of Medical Devices in Vietnam

5.2. Preferred Mode of Purchase for Procuring Medical Devices in Vietnam

5.3. Brand Awareness

6. Vietnam Medical Devices Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others)

6.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

6.2.3. By Region (Northern, Central, Southern)

6.3. Market Map

7. Vietnam Cardiovascular Devices Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type (Diagnostic & Monitoring Devices v/s Surgical Devices)

7.2.1.1. By Diagnostic & Monitoring Devices (ECG, Holter Monitor, Implantable Loop Recorder, Event Monitors, Others)

7.2.1.2. By Surgical Devices (Pacemakers, Stents, Valves, Other)

7.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

7.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Cardiovascular Devices Market)

8. Vietnam Diagnostic Imaging Equipment Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type (X-Ray Systems, Ultrasound Systems, CT Scanners, MRI, Others)

8.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

8.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Diagnostic Imaging Equipment Market)

9. Vietnam In-vitro Diagnostic Devices Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type (Point-of-Care Diagnostic Devices, Immunochemistry Diagnostic Devices, Clinical Chemistry Diagnostics Devices, Molecular Diagnostics Devices, Others)

9.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

9.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam In-vitro Diagnostic Devices Market)

10. Vietnam Ophthalmic Devices Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type (Vision Care Devices, Cataract Surgery Devices, Diagnostic & Monitoring Devices, Others)

10.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

10.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Ophthalmic Devices Market)

11. Vietnam Diabetes Care Devices Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type (Self-Blood Glucose Monitoring Devices v/s Continuous Blood Glucose Monitoring Devices)

11.2.1.1. By Self-Blood Glucose Monitoring Devices (Test Strips, Lancets, Glucometer)

11.2.1.2. By Continuous Glucose Monitoring Devices (Sensors, Transmitters & Receivers, Integrated Insulin Pumps)

11.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

11.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Diabetes Care Devices Market)

12. Vietnam Dental Care Devices Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Type (General Dental Devices, Dental Surgical Devices, Others)

12.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

12.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Dental Care Devices Market)

13. Vietnam Surgical Equipment Market Outlook

13.1. Market Size & Forecast

13.1.1. By Value

13.2. Market Share & Forecast

13.2.1. By Type (Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices)

13.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

13.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Surgical Equipment Market)

14. Vietnam Patient Monitoring Devices Market Outlook

14.1. Market Size & Forecast

14.1.1. By Value

14.2. Market Share & Forecast

14.2.1. By Type (Vital Signs Monitoring Devices, Fetal & Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices, Others)

14.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

14.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Patient Monitoring Devices Market)

15. Vietnam Orthopedic Devices Market Outlook

15.1. Market Size & Forecast

15.1.1. By Value

15.2. Market Share & Forecast

15.2.1. By Type (Joint Reconstruction Devices, Spinal Surgery Devices, Trauma Fixation Devices, Orthopedic Braces And Support Devices, Others)

15.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

15.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Orthopedic Devices Market)

16. Vietnam Nephrology & Urology Devices Market Outlook

16.1. Market Size & Forecast

16.1.1. By Value

16.2. Market Share & Forecast

16.2.1. By Type (Endoscopy Devices, Dialysis Devices, Urinary Stone Treatment Devices, Others)

16.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

16.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Nephrology & Urology Devices Market)

17. Vietnam ENT Devices Market Outlook

17.1. Market Size & Forecast

17.1.1. By Value

17.2. Market Share & Forecast

17.2.1. By Type (Hearing Aid Devices, Nasal Splints, ENT Surgical Devices, Others)

17.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

17.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam ENT Devices Market)

18. Vietnam Anesthesia & Respiratory Devices Market Outlook

18.1. Market Size & Forecast

18.1.1. By Value

18.2. Market Share & Forecast

18.2.1. By Type (Respiratory Devices, Anesthesia Machines, Others)

18.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

18.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Anesthesia & Respiratory Devices Market)

19. Vietnam Neurology Devices Market Outlook

19.1. Market Size & Forecast

19.1.1. By Value

19.2. Market Share & Forecast

19.2.1. By Type (Neurostimulation Devices, Neurology Devices, Interventional Neurology Devices, Others)

19.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

19.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Neurology Devices Market)

20. Vietnam Mobility-Aid Devices Market Outlook

20.1. Market Size & Forecast

20.1.1. By Value

20.2. Market Share & Forecast

20.2.1. By Type (Wheelchairs, Walking Aids, Mobility Lifts, Slings, Others)

20.2.2. By End User (Hospitals & Clinics, Diagnostic Centers, Others)

20.2.3. By Company (Analysis of Up to 3 Companies Operating in Vietnam Mobility-Aid Devices Market)

21. Market Dynamics

21.1. Drivers

21.2. Challenges

22. Market Trends & Developments

23. Policy & Regulatory Landscape

24. Vietnam Economic Profile

25. Competitive Landscape

25.1. Competition Outlook

25.2. Company Profiles

25.2.1. Stryker Corporation Vietnam

25.2.2. USM Healthcare Medical Devices Factory JSC

25.2.3. Medical Devices and Biomaterial Plant Joint Stock Company

25.2.4. Getz Healthcare (Vietnam)

25.2.5. Omron Healthcare Vietnam

25.2.6. B. Braun Vietnam Co., Ltd.

25.2.7. Hoya Lens Vietnam Ltd.

25.2.8. Japan Vietnam Medical Instrument JSC

25.2.9. Armephaco Joint Stock Company

25.2.10. Terumo Vietnam Medical Equipment Co., Ltd

25.2.11. GE Healthcare Vietnam

26. Strategic Recommendations

27. About us & Disclaimer

Figures and Tables

Figure 1: Vietnam Medical Devices Market Size, By Value (USD Million), 2017-2027F

Figure 2: Vietnam Medical Devices Market Share, By Type, By Value, 2017-2027F

Figure 3: Vietnam Medical Devices Market Share, By End User, By Value, 2017-2027F

Figure 4: Vietnam Medical Devices Market Share, By Region, By Value, 2017-2027F

Figure 5: Vietnam Medical Devices Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 6: Vietnam Medical Devices Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021

Figure 7: Vietnam Medical Devices Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 8: Vietnam In-Vitro Diagnostic Devices Market Size, By Value (USD Million), 2017-2027F

Figure 9: Vietnam In-Vitro Diagnostic Devices Market Share, By Type, By Value, 2017-2027F

Figure 10: Vietnam In-Vitro Diagnostic Devices Market Share, By End User, By Value, 2017-2027F

Figure 11: Vietnam Diagnostic Imaging Equipment Market Size, By Value (USD Million), 2017-2027F

Figure 12: Vietnam Diagnostic Imaging Equipment Market Share, By Type, By Value, 2017-2027F

Figure 13: Vietnam Diagnostic Imaging Equipment Market Share, By End User, By Value, 2017-2027F

Figure 14: Vietnam Cardiovascular Devices Market Size, By Value (USD Million), 2017-2027F

Figure 15: Vietnam Cardiovascular Devices Market Share, By Type, By Value, 2017-2027F

Figure 16: Vietnam Cardiovascular Devices Market Share, By End User, By Value, 2017-2027F

Figure 17: Vietnam Diabetes Care Devices Market Size, By Value (USD Million), 2017-2027F

Figure 18: Vietnam Diabetes Care Devices Market Share, By Type, By Value, 2017-2027F

Figure 19: Vietnam Diabetes Care Devices Market Share, By End User, By Value, 2017-2027F

Figure 20: Vietnam Surgical Equipment Market Size, By Value (USD Million), 2017-2027F

Figure 21: Vietnam Surgical Equipment Market Share, By Type, By Value, 2017-2027F

Figure 22: Vietnam Surgical Equipment Market Share, By End User, By Value, 2017-2027F

Figure 23: Vietnam Dental Care Devices Market Size, By Value (USD Million), 2017-2027F

Figure 24: Vietnam Dental Care Devices Market Share, By Type, By Value, 2017-2027F

Figure 25: Vietnam Dental Care Devices Market Share, By End User, By Value, 2017-2027F

Figure 26: Vietnam Ophthalmic Devices Market Size, By Value (USD Million), 2017-2027F

Figure 27: Vietnam Ophthalmic Devices Market Share, By Type, By Value, 2017-2027F

Figure 28: Vietnam Ophthalmic Devices Market Share, By End User, By Value, 2017-2027F

Figure 29: Vietnam Patient Monitoring Devices Market Size, By Value (USD Million), 2017-2027F

Figure 30: Vietnam Patient Monitoring Devices Market Share, By Type, By Value, 2017-2027F

Figure 31: Vietnam Patient Monitoring Devices Market Share, By End User, By Value, 2017-2027F

Figure 32: Vietnam Orthopaedic Devices Market Size, By Value (USD Million), 2017-2027F

Figure 33: Vietnam Orthopaedic Devices Market Share, By Type, By Value, 2017-2027F

Figure 34: Vietnam Orthopaedic Devices Market Share, By End User, By Value, 2017-2027F

Figure 35: Vietnam Nephrology & Urology Devices Market Size, By Value (USD Million), 2017-2027F

Figure 36: Vietnam Nephrology & Urology Devices Market Share, By Type, By Value, 2017-2027F

Figure 37: Vietnam Nephrology & Urology Devices Market Share, By End User, By Value, 2017-2027F

Figure 38: Vietnam ENT Devices Market Size, By Value (USD Million), 2017-2027F

Figure 39: Vietnam ENT Devices Market Share, By Type, By Value, 2017-2027F

Figure 40: Vietnam ENT Devices Market Share, By End User, By Value, 2017-2027F

Figure 41: Vietnam Anaesthesia & Respiratory Devices Market Size, By Value (USD Million), 2017-2027F

Figure 42: Vietnam Anaesthesia & Respiratory Devices Market Share, By Type, By Value, 2017-2027F

Figure 43: Vietnam Anaesthesia & Respiratory Devices Market Share, By End User, By Value, 2017-2027F

Figure 44: Vietnam Neurology Devices Market Size, By Value (USD Million), 2017-2027F

Figure 45: Vietnam Neurology Devices Market Share, By Type, By Value, 2017-2027F

Figure 46: Vietnam Neurology Devices Market Share, By End User, By Value, 2017-2027F

Figure 47: Vietnam Mobility Aid Devices Market Size, By Value (USD Million), 2017-2027F

Figure 48: Vietnam Mobility Aid Devices Market Share, By Type, By Value, 2017-2027F

Figure 49: Vietnam Mobility Aid Devices Market Share, By End User, By Value, 2017-2027F

Frequently asked questions

What is the synopsis of Medical Devices Market in Vietnam?

The Medical devices market in Vietnam is expected to grow at a CAGR of 12.27%. It is estimated to reach USD 3,729.92 million by 2027.

What is the demand for Diagnostic Imaging Equipment in Vietnam?

The diagnostic imaging equipment held a share of around 14.38% in 2021 in Vietnam Medical Devices Market on account of growing demand for imaging techniques such as X-ray and CT Scan in COVID-19 cases.

What are the major factors contributing to the growth of Vietnam Medical Devices Market?

The factors driving the growth of Vietnam medical devices market are growing population, aging population, increasing burden, of chronic diseases, increasing health insurance penetration, growing medical tourism, demand for healthcare infrastructure and emerging healthcare service formats.

What are the major challenges in Vietnam medical devices market?

Insufficient amount of trained healthcare professionals to operate medical devices, the lack of regulations for medical devices; and the small domestic production sector are the major challenges faced by the Vietnam medical devices market.

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Press Release

Vietnam Medical Devices Market to Grow with a CAGR of 12.27% through 2027

Oct, 2022

The rising geriatric population and increase in chronic diseases are driving the growth of Vietnam medical devices Market in the forecast period, 2023-2027

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