Vietnam Medical Disposables Market to Grow with a CAGR of 6.95% through 2029
Increasing Prevalence of Infectious Diseases and Advancement in
technology are expected to drive the Vietnam Medical Disposables Market growth
in the forecast period, 2025-2029
According to TechSci Research report, “Vietnam Medical
Disposables Market – By Region, Competition, Forecast &
Opportunities, 2029F”, the Vietnam Medical Disposables Market stood at USD 954.09
million in 2023 and is anticipated to grow with a CAGR of 6.95% through 2029.
With rising incomes and heightened healthcare
awareness, Vietnam witnesses a steady surge in healthcare expenditure. This
increased allocation of resources, both by individuals and the government,
amplifies the capacity to invest in medical disposables. These essential
products play a critical role in upholding hygiene standards, curbing
infections, and ensuring patient safety within healthcare facilities. Vietnam's
demographic landscape is evolving, characterized not only by population growth
but also by an aging populace. The escalating proportion of elderly individuals
correlates with a surge in chronic diseases, heightened healthcare utilization
rates, and amplified demand for medical services and products, including
medical disposables. Consequently, as the population ages, there persists a
sustained requirement for disposable medical supplies to facilitate the
diagnosis, treatment, and management of various health conditions.
Despite strides in healthcare infrastructure and
disease prevention initiatives, Vietnam grapples with persistent challenges
posed by infectious diseases like tuberculosis, HIV/AIDS, and hepatitis. This
continual threat accentuates the significance of stringent infection control
measures within healthcare settings, propelling the demand for medical
disposables such as gloves, masks, and sterile drapes. These disposables serve
as vital safeguards against cross-contamination and the transmission of infections.
The Vietnamese government has instituted rigorous regulations and standards
governing the manufacture, importation, distribution, and utilization of
medical disposables. Adherence to these regulatory frameworks is imperative to
ensure the safety, quality, and efficacy of medical disposables in the market.
As these regulatory standards evolve and become more stringent, manufacturers
and suppliers are compelled to prioritize investments in product quality and
regulatory compliance. This proactive approach drives market growth by
fostering the production and distribution of compliant medical disposables,
thereby enhancing overall healthcare standards and patient outcomes.
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The Vietnam Medical Disposables Market is segmented
into product, raw material, end user, regional distribution, and company.
Based on raw material, the Plastic Resin segment has
emerged as the predominant market leader, Plastic resins stand out in the
manufacturing of medical disposables due to their remarkable versatility and
flexibility. Manufacturers can mold them into a diverse array of shapes and
sizes, catering precisely to the requirements of various disposable products,
ranging from syringes and IV tubing to gloves and surgical drapes. This
adaptability enables manufacturers to tailor medical disposables to the exact
needs of healthcare professionals and patients, thereby propelling the adoption
of plastic resin-based products in the market. Plastic resins offer a
cost-effective solution compared to alternative raw materials like metals or
natural fibers. Their relatively low production costs make them particularly
appealing for manufacturing medical disposables, especially those requiring
high-volume production. Furthermore, advancements in plastic processing
technologies have bolstered cost efficiency, enabling manufacturers to produce
medical disposables at competitive prices while upholding stringent quality
standards.
Plastic resins can also be engineered to meet
stringent sterility and safety requirements crucial for medical disposables.
They can be infused with antimicrobial additives or coated with protective
layers to bolster infection control and mitigate cross-contamination risks.
Additionally, plastic resins boast excellent barrier properties, effectively
shielding medical disposables from contaminants and preserving their integrity
throughout storage and usage. These attributes render plastic resin-based medical
disposables highly suitable for critical healthcare applications where
sterility and safety are paramount concerns. Also, medical disposables crafted
from plastic resins exhibit outstanding durability and performance
characteristics. They demonstrate resilience against moisture, chemicals, and
physical damage, ensuring the integrity of products throughout their lifecycle—from
storage and transportation to actual use. Plastic resin-based disposables also
offer superior flexibility and elasticity, delivering a comfortable and secure
fit for users while maintaining structural integrity under diverse conditions.
This blend of durability and performance positions plastic resin-based medical
disposables as the preferred choice for healthcare professionals seeking
reliable and long-lasting products.
Major companies operating in Vietnam Medical
Disposables Market are:
- Medline Industries, LP
- Smith+Nephew
- Bayer Vietnam Ltd
- BD Vietnam
- 3M Vietnam Company Limited
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“Vietnam Medical Disposables Market is poised for
sustained growth driven by factors such as rising healthcare expenditure, an
aging population, and increasing awareness of infection control measures. With
a focus on innovation, regulatory compliance, and meeting the evolving needs of
healthcare providers and patients, the market presents lucrative opportunities
for manufacturers and suppliers of medical disposables. As Vietnam continues to
invest in healthcare infrastructure and prioritize patient safety, the demand
for high-quality, cost-effective medical disposables is expected to remain
robust, positioning the market for continued expansion and development in the
years to come”, said Mr. Karan Chechi, Research Director of TechSci Research,
a research-based management consulting firm.
“Vietnam Medical Disposables Market, By Product (Disposable Masks, Hand Sanitizers, Wound Management Products, Drug Delivery Products, Diagnostic and Laboratory, Sterilization Supplies, Others), By Raw Material (Plastic Resin, Nonwoven Material, Rubber, Others), By End Use (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities, Others), Competition Forecast & Opportunities, 2019-2029F”, has evaluated
the future growth potential of Vietnam Medical Disposables 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 Medical Disposables Market.
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