Vietnam Home Healthcare Market to grow at CAGR of 5.60% through 2029

Expanding geriatric population and rising prevalence of targeted diseases are expected to drive the Vietnam Home Healthcare Market in the forecast period 2025-2029

 

According to TechSci Research report, “Vietnam Home Healthcare Market – By Region, Competition, Forecast & Opportunities, 2019-2029F”, the Vietnam Home Healthcare Market was valued at USD 110.57 Million in 2023 with a CAGR of 5.60% through 2029.

Telehealth has markedly transformed the healthcare landscape by revolutionizing how patients receive care and increasing access to healthcare services, especially in Vietnam. This shift is characterized by the use of digital communication technologies to deliver medical services remotely, including video consultations, remote patient monitoring, and mobile health applications. In Vietnam, the growing emphasis on telehealth is driven by rising demand for home healthcare services and challenges related to an aging population. Telehealth provides elderly patients with convenient access to medical care from their homes, thereby alleviating pressure on healthcare facilities and enhancing patient outcomes. The COVID-19 pandemic further accelerated telehealth adoption as social distancing measures and limitations on in-person interactions necessitated alternative methods of care delivery. This has established a strong foundation for the continued expansion of telehealth services in the post-pandemic era.

However, the growth of telehealth in Vietnam faces certain obstacles. Digital exclusion remains a significant barrier, with some populations lacking reliable internet access or facing technology literacy issues. Additionally, a shortage of qualified health professionals capable of delivering home healthcare services may hinder market expansion. Despite these challenges, government efforts to foster collaboration between public and private sectors and the promotion of outcome-based care models are expected to drive the growth of the home healthcare market in Vietnam.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “Vietnam Home Healthcare Market”

The Vietnam Home Healthcare Market is segmented into Component, Indication and Company

Based on Indication, In the Vietnam market, neurological and mental disorders represented the largest revenue segment in 2023, driven by a notable increase in the prevalence of these conditions. Disorders such as epilepsy, Alzheimer's disease, various forms of dementia, stroke, migraines, multiple sclerosis, and Parkinson's disease significantly affect the central nervous system and overall neurological function. 

Home healthcare services are increasingly vital for managing these complex conditions. They offer a range of supportive therapies, including physical therapy to enhance mobility, occupational therapy to assist with daily living activities, speech therapy to address communication challenges, and specialized mental health services to support emotional well-being. These services are tailored to address the unique needs of each patient, providing personalized care that improves symptom management, enhances quality of life, and reduces the need for frequent hospital visits. As the demand for such comprehensive, home-based care continues to grow, it highlights the expanding role of home healthcare in managing chronic neurological and mental health conditions effectively within Vietnam.

Major companies operating in Vietnam Home Healthcare Market are:

• 3M Company
• Bayer AG
• Abbott Laboratories Inc.
• GE HealthCare Technologies Inc.
• Johnson & Johnson Services, Inc.
• Vietnam Home Health Care

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“The growth of the home healthcare market in Vietnam is impeded by a lack of awareness and education. Many people are unaware of home healthcare services and their benefits, leading to low utilization. Misconceptions and cultural beliefs also hinder acceptance. Effective education and outreach are crucial to inform the public about how home healthcare can manage chronic conditions, support rehabilitation, and enhance quality of life. Without these efforts, demand for such services will remain low.”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

"Vietnam Home Healthcare Market, By Component (Equipment (Therapeutic, Diagnostic, Mobility Assist), Services (Skilled Home Healthcare Services, Unskilled Home Healthcare Services)), By Indication (Cardiovascular Disorder & Hypertension, Diabetes & Kidney Disorders, Neurological & Mental Disorders, Respiratory Disease & COPD, Maternal Disorders, Mobility Disorders, Cancer, Wound Care, Others), By Region, Competition, Forecast & Opportunities, 2019-2029F", has evaluated the future growth potential of Vietnam Home Healthcare Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Home Healthcare Market.

 

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