Market Research Reports - Ken Research Vietnam Clinical Lab Market

Vietnam Clinical Laboratory Market is Expected to Reach over USD 200 Million by 2022: Ken
Research
Vietnam Clinical Laboratory Market by Labs (Hospital Labs, Independent Labs and Physician
Office Labs) and Type of Tests (Lab Test, X-Ray, Ultrasound and CT Scan) along with company
profiles of Medic Lab, VietLife and Hoan My
Analysts at Ken Research in their latest publication “Vietnam Clinical Laboratory Market
Outlook to 2022- by Labs (Hospital Labs, Independent Labs and Physician Office Labs) and
Type of Tests (Lab Test, X-Ray, Ultrasound and CT Scan)” believe that Obtaining ISO lab
accreditation and local accreditation from VILAS, optimizing the number of qualified lab
personnel and negotiating improved terms with medical device companies and reducing
complexity in procurement will have positive impact on market.
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Increasing insurance coverage will drive the clinical laboratory market in Vietnam in
future.
Infrastructure upgrade is expected to make a positive impact on the clinical laboratory
market in Vietnam.
The government will continue to invest in UHC to cover the Vietnamese population with an
insurance plan. Vietnam intends to provide health insurance for its major population by 2020.
Owing to increase in insurance coverage, clinical laboratories, especially hospital laboratories
will witness a rise in clinical lab tests. The government’s focus on specific non-communicable
diseases (NCDs) such as cancer prevention will continue. Hospitals will develop satellite
departments to relieve the burden of over crowdedness. Primary care clinics are expanding
within clinical testing in Vietnam by upgrading their testing equipment and offering more
testing options, while leveraging their network of chain clinics to capture a wider consumer
market.
Vietnam Clinical Laboratory market is expected to register positive CAGR of around 10.8%
during the period 2017-2022. Rise in demand for screening of infectious diseases and Clinical
test outsourcing to independent labs are expected to have positive impact on the demand for
clinical tests.
Governments and private spending on establishing new hospitals coupled with rise in hospitals
expenditure on replacing obsolete imaging and diagnostic instruments have positively
augmented the market for clinical laboratories. There has been a rise in incidence of
communicable diseases such as HIV, TB, Hep-B and Hep-C due to lack of awareness, delayed
vaccination in children. Vietnam is in need of rapid testing for Multidrug-resistant Tuberculosis
(MDR-TB), with lab development supported by the government and the World Health