Vietnam Medical Devices Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30.                                                    

Vietnam Medical Devices Market Driver:

Increasing Occurrence of Chronic Diseases – The occurrence of several preventable chronic diseases, such as diabetes, cardiovascular diseases (CVDs), etc., across Vietnam, has successfully boosted the overall medical devices market in the country. For instance, as mentioned by the International Diabetes Federation (IDF), there were around 3,994,100 people with diabetes in Vietnam in 2021, and the number is expected to increase to 4,961,600 and 6,015,300 by 2030 and 2045, respectively. As a result, the demand for insulin pumps, glucose monitoring devices, and other diabetes care devices has increased in Vietnam.

Additionally, the increasing incidence rates of various types of cancer like breast cancer, prostate cancer, etc., in the country is also anticipated to drive the demand for medical devices in Vietnam. For instance, according to the Global Cancer Observatory, the new cancer incidence rate in Vietnam in 2022 was roughly 180,000 and could reach about 292, 000 in 2045. Consequently, the demand for different medical devices such as Computed Tomography (CT), Magnetic Resonance Imaging (MRI), etc., employed for the diagnosis and treatment of cancer would increase, driving the growth of the Vietnam Medical Devices Market.   

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Vietnam Medical Devices Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Device Type
• Diagnostic Devices- Market Size & Forecast 2019-2030, USD Million
• Monitoring Devices- Market Size & Forecast 2019-2030, USD Million
• Drug Delivery Devices- Market Size & Forecast 2019-2030, USD Million
• Bio Implants and Stimulation Devices- Market Size & Forecast 2019-2030, USD Million
• Surgical Devices- Market Size & Forecast 2019-2030, USD Million
• Treatment Equipment- Market Size & Forecast 2019-2030, USD Million
• Others (Anaesthesia Devices, Mobility Aid Devices, etc.)- Market Size & Forecast 2019-2030, USD Million
• By Therapeutic Application
• Gastrointestinal Surgery- Market Size & Forecast 2019-2030, USD Million
• Cardiology- Market Size & Forecast 2019-2030, USD Million
• Respiratory- Market Size & Forecast 2019-2030, USD Million
• General Surgery- Market Size & Forecast 2019-2030, USD Million
• Orthopedics- Market Size & Forecast 2019-2030, USD Million
• Dental- Market Size & Forecast 2019-2030, USD Million
• Nephrology & Urology- Market Size & Forecast 2019-2030, USD Million
• Neurology- Market Size & Forecast 2019-2030, USD Million
• Ophthalmology- Market Size & Forecast 2019-2030, USD Million
• Ear-Nose-Throat (ENT) - Market Size & Forecast 2019-2030, USD Million
• Others (Dermatology, Gynecology, etc.)- Market Size & Forecast 2019-2030, USD Million
• By End User
• Hospitals- Market Size & Forecast 2019-2030, USD Million
• Specialty Centers & Clinics- Market Size & Forecast 2019-2030, USD Million
• Diagnostic Centres- Market Size & Forecast 2019-2030, USD Million
• Others (Research Organisations, Homecare, etc.)- Market Size & Forecast 2019-2030, USD Million
• By Region
• North
• South
• Central

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -  Terumo Corporation, USM HEALTHCARE, Nihon Kohden Corporation, Medtronic plc, Stryker, Abbott Laboratories, Koninklijke Philips N.V., Boston Scientific Corporation, Becton Dickinson and Company, GE Healthcare, Others

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