Vietnam In-Vitro Diagnostics Market to Grow with a CAGR of 4.60% through 2029
Increasing incidence of chronic diseases and Rapid advancements in
diagnostic technologies is expected to drive the Vietnam In-Vitro Diagnostics Market
growth in the forecast period, 2025-2029
According to TechSci Research report, “Vietnam In-Vitro
Diagnostics Market –
By Region, Competition, Forecast & Opportunities, 2029F”, the Vietnam
In-Vitro Diagnostics Market stood at USD 336.07 Million in 2023 and is
anticipated to grow with a CAGR of 4.60% through 2029. The surge in chronic diseases like diabetes,
cardiovascular issues, and cancer within Vietnam has sparked a need for precise
and early diagnostic solutions. Particularly, the expanding elderly demographic
is more susceptible to these ailments, intensifying the demand for reliable IVD
tests.
Government endeavors and healthcare policies are
actively enhancing healthcare infrastructure and services. Notable investments
in healthcare facilities and initiatives promoting early disease detection
significantly fortify the IVD market. The rapid progression of diagnostic
technologies, encompassing molecular diagnostics, point-of-care testing, and
automated instruments, has transformed the IVD sector. These advancements
deliver swifter, more accurate, and cost-effective diagnostic solutions,
catering to both urban and rural populations.
Heightened healthcare expenditure, propelled by both
government and private sector contributions, drives demand for advanced
diagnostic tools and expands the IVD market. Moreover, the burgeoning middle
class, boasting higher disposable incomes, further fuels this trend by seeking
superior healthcare services. The emergence of private healthcare providers,
equipped with cutting-edge diagnostic technologies and offering specialized
services, contributes significantly to market growth. These entities attract a
substantial patient base seeking high-quality healthcare solutions.
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The Vietnam In-Vitro Diagnostics Market is segmented
into product & service, technique, application, end user, regional
distribution, and company.
Based on application, the Infectious Diseases
segment has emerged as the predominant market leader, Vietnam grapples with a
notable burden of infectious diseases spanning viral, bacterial, and parasitic
origins. A range of ailments including hepatitis, dengue fever, tuberculosis,
and HIV/AIDS prevail throughout the nation, particularly in densely populated
urban zones and rural regions. The prevalence of such infections underscores
the imperative for robust diagnostic measures to swiftly identify and manage
outbreaks effectively. Infectious diseases in Vietnam present substantive
public health concerns, necessitating swift detection and containment
strategies to forestall widespread transmission. Accurate and timely diagnosis
assumes paramount importance in discerning infected individuals, instigating
quarantine measures, and instituting appropriate treatment protocols.
Diagnostic tests for infectious diseases play a pivotal role in managing
outbreaks, aiding healthcare authorities in tracking pathogen spread and
implementing targeted interventions.
Routine screening and surveillance programs for
infectious diseases form integral pillars of Vietnam's healthcare apparatus.
These initiatives are geared toward identifying asymptomatic carriers,
screening high-risk cohorts, and monitoring disease prevalence over time.
Diagnostic tests for infectious diseases are standard in antenatal care, blood
transfusion screening, sexually transmitted infection (STI) clinics, and
various healthcare settings to forestall disease transmission. Infectious
disease diagnostics are instrumental in supporting preventive healthcare
endeavors by facilitating early detection and treatment initiation. Vaccination
programs, notably for diseases like hepatitis B and HPV, hinge on diagnostic
tests to gauge individuals' immune status and ascertain vaccination efficacy.
Additionally, screening for infectious diseases in travelers, migrants, and
healthcare workers aids in averting pathogen importation and propagation within
the community.
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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“Vietnam In-vitro Diagnostics Market demonstrates
immense potential for growth and development, driven by factors such as
increasing incidence of chronic and infectious diseases, government initiatives
to improve healthcare infrastructure, technological advancements in diagnostic
technologies, rising healthcare expenditure, and the emergence of private
healthcare providers. With a concerted focus on innovation, collaboration, and
regulatory compliance, the market is poised to meet the evolving healthcare needs
of the Vietnamese population while contributing to improved patient outcomes
and overall public health.,” 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
& Opportunities, 2019-2029F”, 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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