Press Release

Vietnam Nuclear Imaging Equipment Market to Grow with a CAGR of 6.45% through 2029

Increasing Prevalence of Chronic Diseases and Government Initiatives and Healthcare Investments are expected to drive the Vietnam Nuclear Imaging Equipment Market growth in the forecast period, 2025-2029

 

According to TechSci Research report, “Vietnam Nuclear Imaging Equipment Market – By Region, Competition, Forecast & Opportunities, 2029F”, the Vietnam Nuclear Imaging Equipment Market stood at USD 27.09 million in 2023 and is anticipated to grow with a CAGR of 6.45% through 2029.

Vietnam is grappling with a surge in chronic diseases such as cardiovascular ailments, cancer, and neurological disorders. To combat these conditions, nuclear imaging techniques like PET, SPECT, and hybrid modalities such as PET/CT and SPECT/CT play a pivotal role in diagnosis and monitoring. As the prevalence of chronic diseases escalates, the demand for nuclear imaging equipment rises, aiding in early detection, precise staging, and tailored treatment strategies.

The Vietnam Nuclear Imaging Equipment Market thrives on continuous technological advancements across imaging modalities, software algorithms, and hardware components. Manufacturers continually innovate to improve image quality, resolution, and diagnostic accuracy while reducing scan durations and patient radiation exposure. Features like motion correction, iterative reconstruction, and quantitative imaging capabilities are increasingly integrated into nuclear imaging systems, empowering healthcare providers with superior diagnostic tools and better patient outcomes.

The Vietnamese government's focus on healthcare infrastructure and technology investments is pivotal in enhancing nationwide healthcare delivery and outcomes. Initiatives to modernize healthcare facilities, expand medical service accessibility, and upgrade diagnostic capabilities foster the adoption of nuclear imaging equipment in hospitals, clinics, and diagnostic centers. Public-private partnerships and collaborations with international healthcare entities further bolster the development and deployment of nuclear imaging technologies in Vietnam. With improving economic conditions and growing healthcare awareness, Vietnam witnesses a steady uptick in healthcare spending. Patients seek advanced diagnostic and therapeutic options, fueling demand for cutting-edge medical imaging technologies like nuclear imaging equipment. Private healthcare providers invest in upgrading imaging facilities to stay competitive and attract patients seeking top-notch medical services.

                                                                                             

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The Vietnam Nuclear Imaging Equipment Market is segmented into type, application, end user, regional distribution, and company.

Based on Application, the Oncology segment has emerged as the predominant market leader, Nuclear imaging, notably positron emission tomography (PET) and single-photon emission computed tomography (SPECT), assumes a pivotal role in the initial diagnosis and staging of various cancers. PET imaging, employing radiopharmaceuticals like fluorodeoxyglucose (FDG), facilitates the visualization of metabolic activity within tumors. This aids in pinpointing primary tumors, detecting metastases, and gauging disease extent. Concurrently, SPECT imaging finds application in specific scenarios such as sentinel lymph node mapping in breast cancer and the detection of bone metastases.

Also, nuclear imaging techniques furnish invaluable insights for treatment planning in oncology. PET imaging assists in tumor characterization, the assessment of tumor aggressiveness, and the identification of potential therapy targets. Oncologists leverage PET scans to determine the optimal treatment strategy, encompassing surgical intervention, chemotherapy, radiation therapy, or targeted therapy. Furthermore, PET imaging finds utility in radiation therapy planning to outline tumor volumes and preserve surrounding healthy tissues. Nuclear imaging assumes a critical role in monitoring treatment response and evaluating the efficacy of cancer therapies. PET imaging empowers oncologists to evaluate alterations in tumor metabolism and size post-treatment, offering early indications of treatment efficacy or disease progression. Quantitative PET parameters like standardized uptake values (SUVs) and metabolic tumor volume (MTV) serve as biomarkers to assess treatment response and inform clinical decision-making.

 

Major companies operating in Vietnam Nuclear Imaging Equipment Market are:

  • Koninklijke Philips NV
  • Siemens Healthcare Limited
  • General Electric Company
  • Canon Medical Systems Corporation
  • Neusoft Corporation

 

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“Vietnam Nuclear Imaging Equipment Market is poised for significant growth fueled by increasing healthcare investments, technological advancements, and rising demand for advanced diagnostic solutions. With nuclear imaging techniques playing an indispensable role in oncology, cardiology, neurology, and other medical specialties, the market presents lucrative opportunities for manufacturers, healthcare providers, and investors alike. As the healthcare landscape in Vietnam continues to evolve, nuclear imaging equipment will remain a cornerstone in the diagnosis, treatment, and management of various diseases, driving innovation and improving patient outcomes across the country”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Vietnam Nuclear Imaging Equipment Market, By Type (PET Imaging Systems, Gamma Camera Imaging Systems), By Application (Oncology, Cardiology, Neurology, Others), By End User (Hospitals & Clinics, Diagnostic Imaging Centers, Others), By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Vietnam Nuclear Imaging Equipment 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 Nuclear Imaging Equipment Market.

 

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