Vietnam Hospital Market to Grow with a CAGR of 5.92% through 2030
Rising Middle Class and Disposable Income is expected to
drive the Vietnam Hospital Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Vietnam Hospital
Market- By Region, Competition, Forecast and Opportunities,
2020-2030”, the Vietnam Hospital Market was valued at USD 8310.31 Million in
2024 and is anticipated to grow with a CAGR of 5.92% through 2030. The expanding middle class
and rising disposable incomes in Vietnam are key drivers of growth in the
hospital market. As the country’s economy grows, a larger proportion of the
population is experiencing increased income levels and improved living standards.
This shift is creating higher demand for quality healthcare, particularly from
private hospitals, which are perceived to offer superior facilities, shorter
waiting times, and specialized care.
With more disposable income, individuals
are increasingly willing and able to invest in premium healthcare services,
such as elective treatments, preventive care, and advanced medical procedures.
This trend is leading to a preference for private hospitals over public ones,
particularly in urban areas, where patients are seeking more efficient,
convenient, and personalized healthcare options. Moreover, the growing middle
class is becoming more health-conscious and actively pursuing better healthcare
options, from routine check-ups to specialized care. This rising demand for
high-quality medical services is driving the development of new healthcare
facilities and investments in advanced medical technology to cater to the needs
of this increasingly affluent and health-focused population.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Vietnam Hospital Market”
The Vietnam Hospital Market is segmented into
ownership, type, type of services, bed capacity, regional distribution, and
company.
Based on the
type of services, the Out-Patient
Services emerged as the dominating segment in the Vietnamese market for Hospital in
2024. Due to hectic lifestyles, many patients prefer outpatient services for
their convenience and shorter wait times. Outpatient care allows individuals to
receive treatment and return home the same day, making it a preferred choice
for non-emergency needs. Outpatient services are also more cost-effective than
inpatient care, which involves longer stays and additional resources. With
rising disposable incomes, particularly in urban areas of Vietnam, more people
are choosing outpatient services for routine check-ups, minor procedures, and
preventive care. This shift toward health awareness and prevention has made
outpatient services essential, offering screenings, early interventions, and
preventive treatments that don’t require hospitalization. The growth of telemedicine
and virtual consultations has further supported this trend, enabling patients
to consult healthcare providers remotely for common health issues, reducing the
need for in-person visits. The concentration of healthcare facilities in major
cities like Ho Chi Minh City and Hanoi has led to increased demand for
outpatient services. Urban residents often opt for outpatient care for
convenience, reserving inpatient care for more serious conditions. While
inpatient services remain necessary for complex treatments, surgeries, and
emergencies, the accessibility and convenience of outpatient care are
increasingly meeting the needs of a broader population, making outpatient
services the dominant segment in Vietnam’s healthcare market.
Based on the region, the Central Vietnam emerged as
the fastest growing region in the Vietnam Hospital market during the forecast
period. Central Vietnam, especially cities like Da Nang, has been undergoing
rapid urbanization and growth. Its strategic location, linking the northern and
southern regions, makes it a key hub for both economic activity and healthcare
services. The region's natural beauty and cultural appeal attract significant
domestic and international tourism, fueling demand for healthcare, particularly
in medical tourism, as visitors seek high-quality care ranging from elective
surgeries to wellness treatments. Both public and private sector investments
are rising to enhance healthcare infrastructure in the region, with new
hospitals and facilities being developed to meet the needs of both locals and
tourists. The Vietnamese government has prioritized expanding healthcare access
outside major urban centers, investing in both public and private hospital
projects in Central Vietnam to improve services for underserved communities.
Coastal areas in this region, driven by population growth and economic
development, require enhanced healthcare services. Furthermore, the region’s
vulnerability to natural disasters increases the demand for emergency care and
disaster response, further amplifying the need for well-equipped hospitals.
Major companies operating in Vietnam Hospital Market
are:
- Hoan My
Medical Corporation
- Family
General Hospital
- Tam Anh
General Hospital Joint Stock Company
- Vinmec
Health System
- Franco-Vietnamese
Hospital
- Medlatec
Group
- Tam Duc
Heart Hospital (HCMC)
- Thu Cuc
International General Hospital
- Family
Medical Practice Vietnam
- Hong
Ngoc Hospital Company Limited
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“The Vietnam hospital market is experiencing robust
growth driven by a combination of demographic shifts and evolving healthcare
needs. The expanding urban population, coupled with a growing focus on
preventive and specialized care, has created demand for more advanced medical
facilities. As healthcare accessibility improves, both public and private
hospitals are evolving to meet these needs, with private hospitals particularly
capitalizing on the demand for personalized services and shorter wait times. Additionally,
the government’s commitment to improving healthcare infrastructure through
investments and policy reforms provides a strong foundation for sustained
growth, making the hospital market in Vietnam increasingly attractive to
investors,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Vietnam Hospital Market By Ownership (Public
and Private), By Type (General, Multispecialty, Specialty), By Type of Services
(In-Patient Services and Out-Patient Services), By Bed Capacity (Above 500
beds, 100-500 beds, up to 100 beds), By
Region, Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of Vietnam Hospital 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 Hospital Market.
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