Vietnam’s medical device industry is one of the most promising sectors for foreign investment due to the country’s economic development and rising demand for adequate medical care and equipment.
Impact of Digital Technologies: In the last few years healthcare facilities in Vietnam have made significant progress towards improving and transitioning from conventional to digital technologies. Major socio-economic & demographic trends are driving changes in healthcare demand in Vietnam. Digital transformation is making an impact on Vietnam’s pharmaceutical industry, with more than 80% of total pharmacies in Vietnam, have successfully connected to a national electronic database.
Future Trends: The Health Tech Market in Vietnam is expected to grow owing to the growth in country’s population along with increase in technological advancements. The Ministry of Science and Technology, which has been vocal about prioritizing support for startup companies and businesses which focus on blockchain, through the ‘Support Innovative Startup Ecosystem in Vietnam until 2025’ National Programs and Industry 4.0 will push the market.
Increasing Digitalization: The digital revolution in the country is likely to drive the overall market growth as more hospitals and healthcare organizations start using Health Information Technology to achieve Industry 4.0 initiative, given by the Ministry of Planning and Investment (MPI), to transform the country into a digital society by the next decade. AI and Big Data Apps are receiving strong support from the government, driving digital healthcare infrastructure and will enable new R&D with accelerated investment incentives.
Strong End User Demand: Covid 19 has accelerated e-platforms with increased internet penetration and mobile application users of e-commerce which will continue to be a trend due to convenience. High prevalence of non-communicable diseases in the country and increase in the number of hospitals, the Health Tech market is anticipated to grow in the near future.
The report titled “Vietnam Health Tech Market Outlook to 2026- Driven by Increase in Internet Penetration and Mobile Applications along with Technology Advancement in the country” provides an exhaustive analysis of the Health Tech market in Vietnam. The market is expected to grow at a double digit positive CAGR owing to the increase in internet penetration rate and increased spending on healthcare due to high disease prevalence are driving the market in Vietnam. The Health Tech market GTV in Vietnam is expected to grow over the next few years due to the high demand for digital products in the country.
Key Segments Covered in the report: –
By Oder Split
By Order Split
Non-Pharmaceutical Products and Medical Devices
By Oder Platform
Online Consultation Market
By Type of Doctor
By Type of Specialization
Others (include ENT Specialist, Cardiologist, Optometrist, Psychiatrist and more)
Health IT Solutions Market
By Type of Customization
By Type of Product
Key Target Audience
Online Consultation Companies
Health IT Solutions Companies
Hospitals & Clinics
Retail Pharmacy Drug Stores
Time Period Captured in the Report:
Historical Period: 2018-2021
Forecast Period: 2021-2026F
Key Topics Covered in the Report
Executive Summary of Health Tech Market in Vietnam
Vietnam Country and Healthcare Sector Overview
Vietnam Health Tech Market Overview
Major Challenges in Health Tech Market
Comprehensive Analysis on e-Pharmacy, Online Consultation and Health IT Solutions Markets (Market Size, 2018-2026F; Market Shares; Future Trends)
Major Regulations for e-Pharmacy, Online Consultation and Health IT Solutions Markets in Vietnam
Emerging Technologies in Health Tech Market
Strengths and Weaknesses of Major Health Tech Players in Vietnam
Competitive Landscape in e-Pharmacy, Online Consultation and Health IT Solutions Markets
Emerging Opportunities in Health Tech Market in Vietnam
For More Info on the Research Report, Click on the below link: –
Related Reports by Ken Research: –
Ankur Gupta, Head Marketing & Communications