The Vietnam Medical Devices Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.
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Vietnam Medical Devices Market Key Points and Findings (2024-2030)
Vietnam Medical Devices Market Overview: -
Vietnam Medical Devices Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30. The market growth has been credited to the rising geriatric population, as with increasing age the risk for multiple diseases, including cancer, orthopedic, cardiovascular, neurological, and others increases enormously. Hence, owing to that the demand for various medical devices such as those required for monitoring chronic conditions, assistive devices for daily living, mobility aids, etc., has increased across the country.
Regional Analysis:
- North
- South
- Central
Top 10 Industry Competitors: Vietnam Medical Devices Market
- 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
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Market Segmentation:
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
Vietnam Medical Devices Market Dynamics:
Key Factor Driving Market–
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.
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Frequently Asking Questions (FAQ’s):
- Which companies lead the Vietnam Medical Devices Market?
- How will current trends shape the market in the coming years?
- What opportunities, challenges, and driving forces characterize the Vietnam Medical Devices Industry?
- Which specific Vietnam Medical Devices market segments should industry competitor target to capitalize on recent technological advancements?
- What is the projected growth rate of the Vietnam Medical Devices market?
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