Vietnam Diagnostic Imaging Market to Grow at 5.20% CAGR through 2029
Technological advancements
in diagnostic imaging modalities is expected to drive the Vietnam Diagnostic
Imaging Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Vietnam Diagnostic Imaging Market –Industry Size,
Share, Trends, Competition, Forecast & Opportunities, 2019-2029F”,
the Vietnam Diagnostic Imaging Market stood at USD 201.04 Million in 2023 and is
anticipated to project steady growth in the forecast period with a CAGR of 5.20% through 2029. The
Vietnam Diagnostic Imaging Market is undergoing rapid transformation and
growth, driven by a combination of demographic shifts, healthcare reforms,
technological advancements, and increasing awareness about early disease
detection and preventive healthcare. This evolving landscape presents numerous
opportunities and challenges for healthcare providers, manufacturers, and
policymakers.
Vietnam is
experiencing significant demographic changes, including an aging population and
a rise in chronic diseases such as cardiovascular diseases, cancer, diabetes,
and respiratory conditions. The increasing prevalence of these non-communicable
diseases necessitates robust diagnostic capabilities to facilitate early
detection, accurate diagnosis, and effective treatment planning. As a result,
the demand for advanced diagnostic imaging services is escalating, with
modalities such as X-ray, ultrasound, computed tomography (CT), magnetic
resonance imaging (MRI), and nuclear medicine playing critical roles in the
healthcare continuum. The Vietnamese government has been actively investing in
healthcare reforms and infrastructure development to enhance healthcare access,
quality, and affordability. Initiatives such as the expansion of health
insurance coverage, the establishment of new healthcare facilities, and the
upgrading of existing infrastructure are significantly boosting the capacity of
the healthcare system to deliver diagnostic imaging services. Urban centers
like Ho Chi Minh City and Hanoi are leading the way with state-of-the-art
hospitals and clinics equipped with the latest imaging technologies, while
efforts are being made to extend these advancements to rural and underserved
areas.
Technological
innovation is a major driver in the Vietnam Diagnostic Imaging Market. Advanced
imaging technologies, including digital radiography, 3D/4D ultrasound,
multi-slice CT, high-field MRI, and positron emission tomography-computed
tomography (PET-CT), are increasingly being adopted across healthcare
facilities. These technologies offer superior image quality, faster scan times,
reduced radiation exposure, and enhanced diagnostic accuracy, which are crucial
for early disease detection and effective patient management. The
integration of artificial intelligence (AI) and machine learning (ML) in
diagnostic imaging is beginning to revolutionize the field by enabling more
precise image analysis, automated workflows, and predictive analytics.
There is a
growing awareness among both healthcare providers and the general public about
the importance of preventive healthcare and early disease detection. Regular
health check-ups, screening programs, and preventive diagnostic imaging are
becoming more common as people recognize the value of early intervention in
managing health conditions. Campaigns by healthcare organizations and
government agencies are promoting the benefits of regular screenings and
diagnostic evaluations, leading to increased utilization of imaging services.
The private
healthcare sector in Vietnam is expanding rapidly, contributing significantly
to the growth of the diagnostic imaging market. Private hospitals, clinics, and
diagnostic centers are investing heavily in advanced imaging equipment to offer
high-quality services and attract patients seeking superior care. These private
entities often provide a more patient-centric approach, with shorter wait
times, personalized services, and modern facilities, making them an attractive
option for both domestic and international patients. The growth of medical
tourism in Vietnam, driven by competitive pricing and high standards of care,
is further boosting the demand for diagnostic imaging services.
Despite the
positive outlook, the Vietnam Diagnostic Imaging Market faces several
challenges. One of the primary issues is the uneven distribution of imaging
facilities, with advanced technologies concentrated in urban areas while rural
regions remain underserved. This disparity limits access to high-quality
diagnostic services for a significant portion of the population. There is a shortage of skilled healthcare professionals, including
radiologists, radiologic technologists, and medical physicists, which hampers
the efficient delivery of imaging services and impacts diagnostic accuracy. Another
challenge is the high cost of advanced imaging equipment and the associated
operational expenses. While urban hospitals and private facilities may afford
these investments, smaller clinics and rural healthcare centers often struggle
to acquire and maintain state-of-the-art imaging technologies. The
rapid pace of technological advancement leads to issues of obsolescence, requiring
continuous investment in equipment upgrades and training.
Regulatory and
quality assurance issues also pose challenges. Ensuring consistent quality
standards and adherence to regulatory requirements across all healthcare
facilities is crucial for maintaining the reliability and safety of diagnostic
imaging services. There is a need for robust quality assurance programs,
standardized protocols, and effective regulatory oversight to address these
concerns.
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The Vietnam Diagnostic
Imaging Market is segmented into type, mobility, source, application, end user,
regional distribution, and company.
Based on application,
Oncology emerges as the dominant specialty, driven by a combination of factors
including the rising incidence of cancer, increased awareness of the importance
of early detection, and advancements in imaging technologies specifically
tailored for oncological applications. Cancer has become a major public health
concern in Vietnam, with increasing cases of lung, breast, liver, and
colorectal cancers being reported. This surge in cancer incidence has
significantly heightened the demand for sophisticated diagnostic imaging
modalities capable of detecting and characterizing tumors at early stages,
guiding treatment plans, and monitoring disease progression.
Advanced imaging
technologies such as PET-CT, MRI, and high-resolution CT scans play a crucial
role in oncology. These modalities provide detailed images that help in the
accurate staging of cancer, assessing the extent of disease spread, and
evaluating the effectiveness of treatments. PET-CT, in particular, has become
an invaluable tool in oncology for its ability to combine metabolic and
anatomical imaging, thus offering precise localization of cancerous lesions and
aiding in better treatment planning. Hospitals and specialized cancer treatment
centers in urban areas like Ho Chi Minh City and Hanoi are equipped with state-of-the-art
imaging facilities dedicated to oncology. These centers are at the forefront of
adopting new technologies and protocols to improve cancer diagnosis and
treatment outcomes. The integration of imaging with other advanced therapeutic
modalities, such as radiation therapy and targeted therapies, further
underscores the critical role of diagnostic imaging in oncology.
Based on region,
North Vietnam is the second dominant region in the Vietnam Diagnostic Imaging
Market due to its robust healthcare infrastructure, concentration of top-tier
medical institutions, and ongoing governmental and private investments in
healthcare advancements. The region, particularly Hanoi, the capital city,
serves as a central hub for medical innovation and specialized healthcare
services, attracting patients from across the northern provinces and even
neighboring countries. Hanoi is home to several leading hospitals and medical
centers, such as Viet Duc Hospital, Bach Mai Hospital, and the National Cancer
Hospital (K Hospital). These institutions are equipped with state-of-the-art
diagnostic imaging technologies, including advanced MRI and CT scanners, PET-CT
systems, and digital radiography equipment. The presence of these top-tier
medical facilities ensures that the region can offer a wide range of diagnostic
imaging services, catering to various medical specialties such as cardiology,
oncology, neurology, orthopedics, gastroenterology, and gynecology. This
comprehensive service offering positions North Vietnam as a key player in the
diagnostic imaging market.
The government
has prioritized healthcare development in the North, reflected in significant
investments in healthcare infrastructure and technology. Initiatives like the
upgrading of existing hospitals, establishment of new medical facilities, and
implementation of modern diagnostic technologies have substantially improved
the quality and accessibility of healthcare services in the region. The government's efforts to expand health insurance coverage have
increased the affordability and utilization of diagnostic imaging services,
further driving market growth.
Major companies
operating in Vietnam Diagnostic Imaging Market are:
- Philips Electronics Vietnam Ltd
- Siemens Healthcare Ltd
- Neusoft Medical Systems Vietnam
- FUJIFILM VIETNAM Co., Ltd.
- Shimadzu Vietnam Co., Ltd.
- IDS Medical Systems Vietnam Ltd.
- MediGroup Asia Ltd.
- Lab Group International Vietnam Company Limited
- HORIBA Vietnam Company Limited
- Nam Cuong Medical Technology Company Limited
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“The future of
the Vietnam Diagnostic Imaging Market looks promising, with ongoing investments
in healthcare infrastructure, technological innovation, and human resource
development. The government's commitment to improving healthcare access and
quality, coupled with the dynamic growth of the private sector, will likely
drive continued expansion and modernization of diagnostic imaging services. Telemedicine
and teleradiology are expected to play increasingly important roles in bridging
the gap between urban and rural healthcare facilities, enabling remote
interpretation of imaging studies and facilitating access to expert diagnostic
opinions. The integration of AI and ML in diagnostic imaging will
continue to evolve, offering new possibilities for enhanced diagnostic
accuracy, efficiency, and personalized patient care”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Vietnam Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable and Standalone), By Source (Domestic and Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated
the future growth potential of Vietnam Diagnostic Imaging 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 Diagnostic Imaging Market.
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