Vietnam In-Vitro Diagnostics Market to Grow with a CAGR of 4.60% through 2030
Increasing Medical Tourism is expected to drive the Vietnam In-Vitro
Diagnostics Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Vietnam In-Vitro
Diagnostics Market- By Region, Competition, Forecast and Opportunities,
2020-2030”, the Vietnam In-Vitro Diagnostics Market was valued at USD 336.07
Million in 2024 and is anticipated to grow with a CAGR of 4.60% through 2030. With Vietnam increasingly
recognized as an affordable and high-quality healthcare destination, especially
for diagnostic services, demand for advanced diagnostic technologies is rapidly
expanding. The country is attracting an influx of international patients,
particularly from neighboring countries, seeking specialized diagnostic tests
for conditions such as cancer, cardiovascular diseases, and diabetes. This
surge in medical tourism is driving healthcare facilities to upgrade their
diagnostic capabilities and adopt cutting-edge IVD technologies to meet the
growing demand.
Additionally, the Vietnamese
government’s efforts to position the country as a top medical tourism hub are
fostering increased investment in healthcare infrastructure, including the
creation of advanced diagnostic centers. These facilities not only meet the
needs of local patients but also cater to international medical tourists
looking for high-quality, affordable diagnostic services. As the number of
medical tourists continues to rise, the demand for accurate, efficient
diagnostic tools grows, further propelling the IVD market. The expansion of
medical tourism also drives the adoption of advanced diagnostic technologies,
such as molecular diagnostics and next-generation sequencing, which are
essential for the accurate and timely diagnosis of complex conditions. As
healthcare facilities continue to enhance their offerings and cater to both
domestic and international patients, medical tourism will remain a key factor
in the rapid growth of the IVD market in Vietnam.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Vietnam In-Vitro Diagnostics Market”
The Vietnam In-Vitro Diagnostics Market is segmented
into product & service, technique, application, end user, regional
distribution, and company.
Based on the
Product & Service, the reagents emerged as the dominating segment in
the Vietnamese market for In-Vitro Diagnostics in 2024. Reagents are
essential for nearly all diagnostic tests, including those for infectious
diseases, cancer, and chronic conditions such as diabetes and cardiovascular
diseases. They are used in assays to identify specific biomarkers or pathogens,
making them crucial for precise diagnosis and disease management. As the demand
for diagnostic testing increases due to the rising incidence of chronic and
infectious diseases, as well as growing healthcare investments, the need for
reagents continues to grow. Since reagents are consumables used in each test,
they ensure a continuous and recurring demand. This steady demand positions
reagents as a major driver in the IVD market. Additionally, advancements in
diagnostic technologies and the increasing use of specialized testing methods,
such as molecular diagnostics, further boost the need for specialized reagents,
reinforcing their dominant role in the market.
Based on the region, the Central Vietnam emerged as
the fastest growing region in the Vietnam In-Vitro Diagnostics market during
the forecast period. Substantial investments in healthcare infrastructure
have improved access to advanced medical services and diagnostic technologies.
Government initiatives focused on enhancing healthcare quality and access,
particularly for infectious and chronic diseases, have also fueled market
growth. Additionally, heightened awareness of the importance of early disease
detection is driving demand for IVD products. The region's growing population,
coupled with an increase in both domestic and international tourism, is contributing
to a rising demand for healthcare services, including diagnostic testing.
Economic growth and higher disposable incomes are further encouraging
investments in healthcare from both public and private sectors, which is
accelerating the expansion of the IVD market. These factors position Central
Vietnam as the fastest-growing region in the market.
Major companies operating in Vietnam In-Vitro
Diagnostics Market are:
- F.
Hoffmann-La Roche Ltd
- Abbott
Laboratories GmbH
- Siemens
Vietnam
- Thermo
Fisher Scientific Inc
- Natera,
Inc.
- Agilent
Technologies, Inc
- BD
Vietnam Co. Ltd.
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“The in-vitro diagnostics (IVD) market in Vietnam is
experiencing rapid growth, driven by the country’s evolving healthcare
landscape and the increasing prevalence of both chronic and infectious
diseases. As the healthcare sector modernizes and more resources are allocated
to diagnostics, demand for advanced testing solutions is accelerating. The
shift towards preventive care and early detection, fueled by growing public
awareness and government initiatives, further supports this market expansion.
Additionally, the rise in medical tourism, particularly in urban centers, is
increasing the need for high-quality diagnostic services. This combination of
factors is positioning Vietnam as a key player in the IVD market in Southeast
Asia,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Vietnam In-Vitro Diagnostics Market By
Product & Service (Reagents, Instruments, Software & Services), By
Technique (Immunodiagnostics, Hematology, Molecular Diagnostics, Tissue
Diagnostics, Clinical Chemistry, Others), By Application (Infectious Diseases,
Cancer, Cardiac Diseases, Immune System Disorders, Nephrological Diseases,
Others), By End User (Hospitals & Clinics, Diagnostic Laboratories,
Others), By Region, Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of Vietnam In-Vitro Diagnostics 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 In-Vitro Diagnostics Market.
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