The report titled “Vietnam Medical Devices Market Outlook to 2022 – By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices)” provides a comprehensive analysis of Vietnam Medical Devices Market Overview and Size, growth drivers and restraints. The report also provides data points on Vietnam Medical Devices market by Application (Orthopedic and Prosthetic Applications, Diagnostic Imaging Equipment, Paraclinical Equipment, Emergency Medical Equipment, Operation Room Equipment and Others), by Material (Textile Products, Electronic Products, Plastic Products, Rubber Products and Other Products), by Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopaedics and Prosthetics, Patient Aids and Other Medical Devices) and by End Users (Government Funded Hospitals, Local Private Hospitals, Foreign Owned Hospitals and Medical Education, Research Institution and Others) along with company profiles of Japan Vietnam Medical, Danameco, Armephaco, B Braun, Shimadzu, General Electric, Terumo BCT and Phillips. The report also covers SWOT Analysis, Roadmap for Tender Application for Medical Device Company in Vietnam, Regulatory Process, import by value and destination, Vietnam Medical devices competitive landscape, Analyst Recommendations and future outlook.
Vietnam Medical Devices Market Size and Overview
Vietnam medical devices market recorded growth at a CAGR of ~% during 2012-2017, driven by liberal import policies, and surge in Orthopedic and Prosthetic medical equipments. Increase in investments in public healthcare facilities and tax exemption for newly established private healthcare providers increased the demand for medical devices. With a need to improve healthcare services in Vietnam, healthcare providers are focusing on using advanced technological medical equipments which will help in early detection of diseases and increase pace in diagnosis and recovery timelines.
Market Segmentation By Application (Orthopedic and Prosthetic Applications, Diagnostic Imaging Equipment, Paraclinical Equipment, Emergency Medical Equipment, Operation Room Equipment and Others): Orthopedic and Prosthetic Applications dominated the type of applications in medical devices market in Vietnam in 2017 generating revenue share of ~%. Diagnostic imaging equipment generated second highest revenue with a share of ~% due to increase in the number of units. Paraclinic equipment generated third highest revenue share of ~% due to rise in chronic diseases in Vietnam owing to changing lifestyles and aging population. Emergency Medical equipment followed Paraclinic equipment with ~% revenue share. The product with least share was medical supplies, hygiene disposables and therapeutic equipment as the product quality of these products are not very critical to research, diagnosis and treatment quality and there is already an abundance of such products in the market from local players and end users prefer cheaper options. Others include Medical furniture, medical utensils, Clothing medical and accessories.
By Material (Textile Products, Electronic Products, Plastic Products, Rubber Products and Other Products): Textile products dominated the market structure of Vietnam medical devices by materials generating revenue with ~% share in 2017 due to major expansion in fields such as wound healing and controlled release, bandaging and pressure garments, implantable devices and extracorporeal devices. Electronics products generated second highest revenue with a share of ~%. Technological advancement in semiconductor and nanotechnology has aided in large-scale integration and reduced power consumption in medical devices which helped in building better portable medical devices for users in home healthcare services, telemedicine facilities and specialty hospitals. Plastic products generated third highest revenue share of ~% followed by the rubber products generating ~% revenue share. Other products include the products made of steel, iron, brass or combination of two or more.
By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopaedics and Prosthetics, Patient Aids and Other Medical Devices): The consumables dominated the equipments in medical devices market in Vietnam in 2017 generating ~% revenue share as syringes, needles and catheters have been the most popular and fastest growing sub-categories of imported goods over the last five years. Diagnostic imaging equipment generated second highest revenue with a share of ~% due to the growing awareness among people about early disease diagnosis, improving healthcare expenditure and a high number of ongoing research activities across the country. Orthopaedics and Prosthetics generated third highest revenue share of ~% followed by Patient Aids with ~% revenue share. Other Medical Devices generated revenue with ~% of share in equipments in medical devices market in Vietnam in 2017.
By End Users (Government Funded Hospitals, Local Private Hospitals, Foreign Owned Hospitals and Medical Education, Research Institution and Others): Government funded hospitals dominated the end users of the medical device market with ~% share amounting to USD ~ million. Local Private Hospitals were the second largest end user segment and accounted for ~% of the medical device market amounting to USD ~ million. Foreign Owned Hospitals contributed third highest revenue share of ~% in the medical device market as this segment tends to purchase devices from their sponsoring country. Research institutions generated least revenue share of ~% in the end user segments of the medical devices market as this segment is open to experimentation with new and innovative techniques.
Future Outlook to Vietnam Medical Devices Market
The Vietnam medical devices market will record growth at a CAGR of ~% during 2017-2022, driven by growing investment in public and private health care sector and emphasis on local production. Future growth will be attributed to growing demand from expanding/upgrading healthcare resources (both in public as well as in private healthcare) opens up a valuable opportunity for market players. Vietnam may turn into a regional manufacturing hub for medical device manufacturers which are looking forward to expand their footprint in other south east nations. Other future growth drivers for the medical devices market in Vietnam will include increase in domestic production and technological tie-ups.
Key Topics Covered in the Report:-
Medical Devices Market in Vietnam
Vietnam Medical Devices Value Chain
Vietnam Medical Device Application
Orthopedic and Prosthetic Devices Market Vietnam
Diagnostic Imaging Equipment Market Vietnam
Paraclinical Equipment Market Vietnam
Emergency Medical Equipment Industry Vietnam
Operation Room Equipment in Vietnam
Vietnam Medical Device Industry
Vietnam Medical Equipment Market
Dental Devices Market Vietnam
Medical Consumable Market Vietnam
Electronic Medical Devices Market Vietnam
Medical Furniture Market Vietnam
Plastic Medical Devices Industry Vietnam
Trends Medical Equipments Vietnam
New Technology Medical Device Vietnam
Medical Device End Users Vietnam
Wound Care Market Vietnam
Patient Aids Market Vietnam
Orthopedic Devices Market Vietnam
Prosthetics Revenue Vietnam
SWOT Medical Devices Vietnam
Regulations Medical Devices Vietnam
Imported Medical Devices Vietnam
Competition Medical Equipment Vietnam
Major Players Medical Devices Vietnam
International Players Medical Devices
Import Value Medical Devices Vietnam
Japan Vietnam Medical Sales Vietnam
Danameco Vietnam Revenue
Armephaco Vietnam Market Share
B Braun Vietnam Medical Devices
Shimadzu Vietnam Sales
General Electric Vietnam Performance
Terumo BCT Vietnam Profile
Phillips Vietnam Company Profile
Vietnam Medical Device Future
Forecast Medical Devices Sales Vietnam
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