Vietnam Medical Devices Market Size Insights
As per recent study by MarkNtel Advisors Vietnam Medical Devices Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30.
What are the Key DROs in the Vietnam Medical Devices 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.
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.
What are the Key Segments in the Vietnam Medical Devices Market?
The Vietnam Medical Devices is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- 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
Boost Your Company's Decisions by Getting a Free Sample Right Away- https://www.marknteladvisors.com/query/request-sample/vietnam-medical-devices-market.html
By Region
- North
- South
- Central
Who are the Key Players in 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, Others
Browse Full Reports: https://www.marknteladvisors.com/research-library/vietnam-medical-devices-market.html
Vietnam Medical Devices Market News
- 2023: Nihon Kohden Corporation announced that the company will establish a new sub-subsidiary, a wholly owned subsidiary of Nihon Kohden Singapore (NKS), one of Nihon Kohden’s sales subsidiaries, aiming to apply for registration of medical devices smoothly and expand its sales in Vietnam.
Key pillars of the research methodology include:
- 2023: Grundfos Vietnam Co., developed an innovative series of end-suction pumps aimed at promoting the development of smart sustainable cities in Vietnam. The new NK and NKE ranges represent a significant advancement in terms of energy efficiency, connectivity, and durability, taking end-suction pump technology to a higher level.
- 2022: Ebara Vietnam Pump Company Limited introduced EBARA's latest impeller design, known as "Shurricane," which employs an innovative hydraulic design approach to enhance pump efficiency while minimizing axial thrust load.
"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.
Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
Gain exclusive access to our comprehensive insights on the Vietnam Medical Devices Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.
Select a License That Matches Your Business Requirements with Instant Offer - https://www.marknteladvisors.com/pricing/vietnam-medical-devices-market.html
Our Trusted Experts Are Here to Help:
At MarkNtel Advisors, we are committed to delivering data-driven insights and strategic intelligence that empower your business decisions. Whether you have a question, need customized research, or want to explore partnership opportunities, our team is here to support you every step of the way.
Reach Us:
MarkNtel Advisors
Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 8719999009
Email: sales@marknteladvisors.com
Visit our Website: https://www.marknteladvisors.com
We’re always open to sharing insights, exploring ideas. Follow us to stay updated on the latest news and industry trends.
