How Is Health Tech Market Positioned in Vietnam?
The Health Tech Market in Vietnam has seen a substantial growth from 2018 to 2021 with a positive double digit owing to the country’s increase in healthcare expenditure and improving the quality of healthcare services. Vietnam’s e-pharmaceutical industry is among the highest growth markets in South Asia, laying the foundation for a smart healthcare industry in the country.
The Health Tech market in Vietnam is currently in the growing stage and is undergoing radical socio-economic changes as digital health is becoming an essential in the country. The outbreak of Covid-19 has had a positive impact on the Health Tech Market in Vietnam as people were compelled to use digital platforms to avoid contact with virus, which led to a significant increase in e-Pharmacies to purchase medical products; tele medicine to avoid overcrowding in hospitals and health IT’s for better hospital management.
Government initiatives are expected to expand Vietnam’s Health Tech Industry, offering a range of opportunities, as the authority is keen on expanding and advancing facilities in the healthcare industry. Technology integration in healthcare system is one of the major elements stimulating the market growth. However, lack of clear regulation frameworks, financial pressures, underdeveloped infrastructure, adopting new digital solutions due to conservative behavior are some of the major challenges in the industry. Technology integration in healthcare system is one of the major elements stimulating the market growth of Health Tech in Vietnam.
Vietnam E-Pharmacy Market Overview and Segmentation
Market Overview:
Vietnam e-Pharmacy market has been experiencing a substantial growth with 52.8% CAGR (2018-2021) owing to Covid 19 strict lockdowns that compelled people to use e-Pharmacy mobile applications and websites for purchasing medical products. Moreover, surging geriatric population along with internet penetration have increased the user base of e-platforms in the country.
Market Segmentation of e-Pharmacy
By Order Split: In Vietnam, OTC Drugs capture majority of the market as it is a common practice for Vietnamese to buy non-prescribed medicine due to ease of access.
By Order Platform: The e-Pharmacy market is dominated by Web Browser as people in Vietnam prefer using web browsers for purchasing medicines online.
By Region: Market is concentrated in the Southern Region as most of the retail pharmacies and drug stores are clustered in this region. Moreover, Pharmacists observed that the majority of the orders were from this region
Vietnam Online Consultation Market Overview and Segmentation
Market Overview:
Vietnam Online Consultation market is continuously growing at 36.9% CAGR (2018-2021) owing to Covid 19 where people preferred consulting doctors online to avoid overcrowding in hospitals for safety measures and increase in prevalence of diseases in the country.
Market Segmentation of Online Consultation
By Type of Doctor: The market is dominated by the General Practitioners as majority of the Vietnamese prefer going to a general doctor first to diagnose their health issue.
By Specialization: The Online Consultation market is overpowered by Pediatrics as Vietnam had many cases of hand-foot-mouth disease, a common infectious disease among children.
By Region: The market is concentrated in the Northern Region due to the high prevalence of most common diseases.
Key Segments Covered in the report: –
e-Pharmacy Market
By Oder Split
By Order Split
OTC Drugs
Prescribed Drugs
Non-Pharmaceutical Products and Medical Devices
By Oder Platform
Mobile Application
Web Browser
By Region
Northern Region
Central Region
Southern Region
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Online Consultation Market
By Type of Doctor
General Practitioner
Specialized Doctor
By Type of Specialization
Pediatrics
Family Doctor
Dermatologist
Others (include ENT Specialist, Cardiologist, Optometrist, Psychiatrist and more)
By Region
Northern Region
Central Region
Southern Region
Health IT Solutions Market
By Type of Customization
Customized
Non- Customized
By Type of Product
HIS/LIS
Independent LIS
PMS
CMS
By Region
Northern Region
Central Region
Southern Region
Key Target Audience
Healthcare Industry
Pharmaceutical Industry
e-Pharmacy Companies
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
Companies Covered:
Pharmacity
Long Chau
Medicare
Phano Pharmacy
eDoctor
Med247
Doctor Anywhere
FPT
VNPT
Viettel Solutions
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
Analyst Recommendations
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Future Outlook of Vietnam Health Tech Market
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