Market Research Reports - Ken Research General Medical Instruments Consumption in Vietnam

Vietnam Pharmaceutical Market is Witnessing Rapid Growth on Account of Rising Aging
Population and Improving Spending Power: Ken Research
Vietnam healthcare market size, market segmentation by hospitals & clinics, diagnostic labs
market, pharmaceutical market and medical devices market, The report also covers market in
different aspects such as healthcare scenario in Vietnam, government and private spending on
healthcare, cross comparison of healthcare sector of Vietnam with other Asia Pacific countries,
mergers, acquisitions and funding in healthcare sector, investment model for setting up a
hospital, snapshots of daycare centers and polyclinics, investment model for setting up a
diagnostic laboratory, government regulations for launching a new drug, role of IT companies in
Vietnam and comparative analysis of major players in each section. The report provides
detailed overview on future outlook & projections with analyst recommendations for the
industry.
Healthcare market in Vietnam has been supported by the ever increasing and ageing
population of the country.
The deregulation of the healthcare sector along with increase in average income of the middle
class population will lead the growth of the Vietnamese healthcare market in the upcoming
years.
The Vietnamese government has a target of covering more than 84% of the population with
health insurance by 2020. The government has invested heavily into the healthcare sector to
make it accessible and affordable to everyone. However, owing to the ever increasing
population the pressure on the public system is huge. Addressing this issue of overcrowding of
public healthcare establishments (hospitals, clinics and diagnostic laboratories) the government
decided to deregulate the healthcare system in 2014. This structural change in the
government’s policy has opened the doors for private national and international investment
into the healthcare system. Owing to this change, the healthcare market in Vietnam is expected
to witness substantial growth in the coming years. In recent years the average household
expenditure on healthcare in Vietnam has increased threefold and is expected to further
increase in the future. Majority of the healthcare services are concentrated in urban areas and
cities. The patient concentration in cities has drastically increased in recent years, owing to this
there is need for new healthcare facilities to be built in rural areas. The overall Healthcare
Access and Quality (HAQ) Index in the country has increased, but there is still room for
improvement to reach the best possible threshold, given the level of development in the
country.
The demand for pharmaceutical products has increased tremendously in recent years owing to
the increase in average income of the middle class population in the country. With the