Vietnam MRI Market to Grow with Advancing Technology until 2027
Demand for early diagnosis drives
the growth of the Vietnam MRI Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam
MRI
Market - By Region, Competition
Forecast & Opportunities, 2027”,
Vietnam MRI market growth is anticipated to register an impressive growth in
the forecast period, 2023-2027 with a significant CAGR value on grounds of
increasing investment in the healthcare industry in the country. Majorly,
growing prevalence of neurological disorders among the population of the
country due to various factors like genetic factors, environmental factor,
social factors, stress, etc. are driving the growth of the Vietnam MRI market
in the upcoming five years.
The country has seen high mortality rate due to
strokes. Strokes may occur due to neurological diseases as well as
cardiovascular diseases. Increasing number of patients suffering from these
diseases demand efficient medical devices for the early diagnosis and effective
treatment and thus further support the growth of the Vietnam MRI market in the
next five years.
Also, consistent research and technological
advancement in the medical diagnostic devices are responsible for the future growth
of the Vietnam MRI market in the future five years. Advancement in the medical
devices lead to faster and efficient functioning of the devices along with
advantages like easy mobility, cost effective procedures, etc. that further
leads market growth.
The
government of Vietnam is actively supporting the market growth with its
consistent investment in the healthcare industry and medical devices
manufacturing. Growing number of market players, active participation of global
players in the Vietnam MRI market is also aiding market growth in the forecast
years until 2027.
Other
factors may include, increasing number of academic institutes, investments from
the private organizations, surging number of hospitals and increasing demands
for healthcare experts for patient care.
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market data Figures spread through 70
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A partial list of major market players of the Vietnam
MRI market includes The Vietnam MRI market is segmented by field strength, type,
architecture, application, end user, competitional landscape, and regional
distribution.
Based on
field strength, the market is further differentiated into high field MRI
Systems, low to mid field MRI systems, and Very high field MRI systems. High field MRI systems include field strength
of 1.5t MRI systems and 3t MRI systems, Whereas low to mid field MRI systems
include systems with field strength of less than 1.5t and very high field MRI
Systems include systems of 4t and Above field strength.
Very high
field MRI systems that include systems with the field strength 4t and above are
anticipated to register fastest growth in the upcoming five years on the
grounds of increasing research practices. Such high field strength MRI systems
require expert knowledge for operations and may demand higher financial
investments. But due to increasing research and technological advancements,
global players functional in the market may benefit from these medical devices.
Based on
type, the market is again segmented between fixed and mobile. Fixed MRI systems
are anticipated to hold the largest revenue shares of the market and dominate
the market segment in the upcoming five years on the grounds of the size and
heavy-duty nature of the system.
Moreover, the
MRI machines require severe precautions and regulations to operate the whole
machinery thus, fixed devices would support the growth of the Vietnam MRI
system market in the next five years.
By
architecture, the market segmentation is differentiated between closed MRI
systems and open MRI systems. Closed MRI systems may dominate the market on the
backbone of powerful magnetic fields and high-frequency radio waves to obtain
detailed images.
Moreover,
the closed structure also enables detailed slice selection and error free
analysis of the organ and thus substantiating the growth of the Vietnam MRI
systems market in the future five years.
A partial
list of market players functional in the Vietnam MRI market include:
·
GE Healthcare
·
Philips Healthcare Vietnam
·
Siemens Healthineers Vietnam
·
Canon Medical Systems Vietnam
·
Neusoft Medical Systems Vietnam
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“Hospitals & Clinics
are anticipated to hold the largest revenue shares of the market due to
increasing demand for the early diagnosis of the neurological diseases and
increasing geriatric population of the country. Increasing patient burden is also
responsible for the growth of the segment in the upcoming five years. Moreover,
high cost of the system itself, and expensive tests are also aiding to the
growth of the sub segment along with the growth of the Vietnam MRI market in
the next five years. Diagnostic centers are also anticipated to hold
significant shares due to surging demands for decreasing the patient burden on
the hospitals. New market players may invest financially in technological
advancement and modern product manufacturing to support their brand
establishment,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Vietnam MRI Market
By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems),
Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and
Above)), By Type (Fixed, Mobile), By Architecture (Closed MRI Systems and Open
MRI Systems), By Application (Brain and Neurological, Oncology, Spine and
Musculoskeletal, Abdominal, Cardiac, Others), By End User (Hospitals, Imaging
Centers, Ambulatory Surgical Centers, Others), By Region, Competition Forecast
& Opportunities, 2027” has
evaluated the future growth potential of Vietnam MRI 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 MRI market.
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