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Forecast Period
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2025-2029
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Market Size (2023)
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USD 201.04 Million
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Market Size (2029)
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USD 270.51 Million
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CAGR (2024-2029)
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5.20%
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Fastest Growing Segment
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Hospitals & Clinics
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Largest Market
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South Vietnam
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Market Overview
Vietnam Diagnostic Imaging Market was valued at USD
201.04 Million in 2023 and is anticipated to project impressive growth in the
forecast period with a CAGR of 5.20% through 2029. The Vietnam Diagnostic
Imaging Market is being primarily driven by several key factors. There is a
growing prevalence of chronic diseases and age-related conditions in Vietnam,
leading to an increased demand for diagnostic imaging services to facilitate
early detection, accurate diagnosis, and effective treatment. Additionally,
rising healthcare expenditure and investments in healthcare infrastructure are
fueling the expansion of diagnostic imaging facilities across the country, particularly
in urban areas. Moreover, technological advancements in diagnostic imaging
modalities, such as X-ray, ultrasound, computed tomography (CT), magnetic
resonance imaging (MRI), and nuclear medicine, are driving the adoption of
advanced imaging techniques and improving diagnostic accuracy and efficiency.
Furthermore, increasing awareness among healthcare providers and patients about
the benefits of early disease detection and preventive healthcare measures is
contributing to the growing demand for diagnostic imaging services in Vietnam.
Overall, these factors are propelling the growth of the Vietnam Diagnostic
Imaging Market and creating opportunities for manufacturers, healthcare
providers, and investors in the healthcare sector.
Key Market Drivers
Increasing Prevalence of Chronic Diseases and
Age-Related Conditions
Vietnam is experiencing a demographic shift
characterized by an aging population and an increasing prevalence of chronic
diseases. Factors such as changing lifestyles, urbanization, and improved
healthcare access have contributed to the rise in non-communicable diseases
(NCDs) like cardiovascular diseases, cancer, and diabetes. As these conditions
often require regular monitoring and diagnostic evaluation, there is a growing
demand for diagnostic imaging services to facilitate early detection, disease
staging, and treatment planning. The expanding elderly population, coupled with
the rising burden of chronic diseases, is driving the need for advanced
diagnostic imaging modalities such as X-ray, ultrasound, MRI, and CT scans in
Vietnam.
Rising Healthcare Expenditure and Investments in
Healthcare Infrastructure
Vietnam has been increasing its healthcare
expenditure and making significant investments in healthcare infrastructure to
improve healthcare access, quality, and affordability. The government's focus
on healthcare reform and development initiatives has led to the expansion of
healthcare facilities, including hospitals, clinics, diagnostic centers, and
medical laboratories, across the country. This expansion of healthcare
infrastructure is driving the demand for diagnostic imaging equipment and
services, as healthcare providers seek to enhance their diagnostic
capabilities, improve patient care, and meet the growing healthcare needs of the
population.
Technological Advancements in Diagnostic Imaging
Modalities
Technological advancements in diagnostic imaging
modalities have revolutionized the field of medical imaging, enabling
healthcare providers to obtain detailed anatomical and functional information
for accurate diagnosis and treatment planning. Advanced imaging techniques such
as digital radiography, 3D/4D ultrasound, multi-slice CT, high-field MRI, and
PET-CT have become increasingly accessible in Vietnam, offering superior image
quality, faster scan times, and enhanced diagnostic capabilities. These
technological innovations not only improve diagnostic accuracy and efficiency
but also enable early detection of diseases, reduce radiation exposure, and
enhance patient comfort and safety. The adoption of advanced diagnostic imaging
modalities is driven by the desire to provide high-quality healthcare services,
attract patients, and stay competitive in the rapidly evolving healthcare
landscape of Vietnam.
Growing Awareness and Demand for Preventive
Healthcare Services
There is a growing awareness among healthcare
providers and patients in Vietnam about the importance of preventive healthcare
measures and early disease detection. With increasing emphasis on disease
prevention, health promotion, and lifestyle modifications, there is a rising
demand for preventive healthcare services, including screening and diagnostic
imaging. Patients are proactively seeking preventive health check-ups,
screening tests, and diagnostic evaluations to detect diseases at an early
stage when they are more treatable. Diagnostic imaging plays a crucial role in
preventive healthcare by enabling early detection of abnormalities,
facilitating timely intervention, and improving patient outcomes. The growing
demand for preventive healthcare services is driving the uptake of diagnostic
imaging services in Vietnam, leading to increased utilization of imaging
modalities for screening, surveillance, and health monitoring purposes.
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Key Market Challenges
Infrastructure and Equipment Accessibility
One of the primary challenges in the Vietnam
Diagnostic Imaging Market is the limited accessibility to advanced diagnostic
imaging infrastructure and equipment, particularly in rural and remote areas.
While major cities and urban centers have access to state-of-the-art imaging
facilities, including MRI, CT, and PET-CT scanners, many rural regions lack
such resources. The uneven distribution of imaging equipment across the country
poses challenges in delivering timely and equitable healthcare services to
underserved populations. Limited infrastructure and equipment availability
hinder early diagnosis, disease monitoring, and treatment planning for patients
residing in remote areas, exacerbating healthcare disparities and impacting
patient outcomes.
Shortage of Skilled Healthcare Professionals
The shortage of skilled healthcare professionals,
including radiologists, radiologic technologists, and medical physicists, poses
a significant challenge in the Vietnam Diagnostic Imaging Market. Despite the
increasing demand for diagnostic imaging services, there is a scarcity of
trained professionals with expertise in operating and interpreting imaging
modalities. The inadequate workforce capacity limits the availability of
diagnostic imaging services, delays diagnosis and treatment, and compromises
the quality of patient care. Addressing the shortage of skilled healthcare
professionals requires investment in education and training programs,
recruitment and retention initiatives, and capacity-building efforts to enhance
the diagnostic imaging workforce in Vietnam.
Key Market Trends
Expanding Private Healthcare Sector and Medical
Tourism
The expansion of the private healthcare sector and
the growth of medical tourism in Vietnam are contributing to the demand for
diagnostic imaging services. Private hospitals, clinics, and diagnostic centers
are investing in state-of-the-art imaging equipment and facilities to attract
patients seeking high-quality healthcare services. These facilities offer a
wide range of diagnostic imaging modalities, personalized care, and shorter
wait times, making them appealing to both domestic and international patients.
Medical tourists from neighboring countries such as Laos, Cambodia, and
Myanmar, as well as expatriates living in Vietnam, often seek diagnostic
imaging services as part of their healthcare experience. The increasing demand
from the private healthcare sector and medical tourists is driving the growth
of the diagnostic imaging market in Vietnam.
Government Initiatives to Expand Access to
Healthcare Services
The Vietnamese government has been implementing
various initiatives to expand access to healthcare services and improve
healthcare outcomes across the country. These initiatives include the
development of rural healthcare networks, the expansion of health insurance
coverage, and the establishment of telemedicine and e-health platforms. As part
of these efforts, the government is investing in the procurement of medical
equipment, including diagnostic imaging systems, to enhance healthcare
infrastructure in rural and underserved areas. Additionally,
government-sponsored healthcare programs and screening campaigns are driving
the demand for diagnostic imaging services, particularly in remote regions
where access to healthcare is limited. The government's commitment to expanding
access to healthcare services is expected to fuel the growth of the diagnostic
imaging market in Vietnam.
Segmental Insights
Type Insights
Based on the type, X-Ray
Imaging Solutions and Ultrasound Systems emerge as the dominant modalities,
owing to their widespread availability, versatility, and cost-effectiveness.
X-ray imaging, a fundamental diagnostic tool, remains the cornerstone of
medical imaging in Vietnam, serving as the primary modality for various
applications, including skeletal imaging, chest radiography, and trauma
assessment. X-ray systems are widely deployed across healthcare facilities,
from primary care clinics to tertiary hospitals, due to their affordability,
ease of use, and rapid image acquisition capabilities. Moreover, X-ray imaging
solutions are indispensable for screening, diagnosis, and treatment monitoring
across a broad spectrum of medical specialties, ranging from orthopedics and pulmonology
to emergency medicine and pediatrics. As the healthcare infrastructure
continues to expand, technological advancements continue to evolve, and
healthcare standards continue to improve, the role of various imaging
modalities in the Vietnam Diagnostic Imaging Market is expected to evolve, with
opportunities for growth and innovation in the years to come.
End User Insights
Based on the end user
segment, Hospitals & Clinics emerge as the dominant providers of diagnostic
imaging services, playing a central role in meeting the healthcare needs of the
population. Hospitals, ranging from large tertiary care centers to smaller
community hospitals, serve as primary hubs for diagnostic imaging services,
offering a comprehensive range of imaging modalities to support clinical
diagnosis, treatment planning, and patient care across various medical
specialties. These facilities house state-of-the-art imaging equipment,
including X-ray machines, ultrasound systems, MRI scanners, CT scanners, and
nuclear medicine cameras, enabling them to provide a wide array of imaging
services to patients.
Hospitals & Clinics
benefit from their multidisciplinary approach to healthcare delivery, with
imaging services integrated into broader patient care pathways. Radiologists,
radiologic technologists, and other healthcare professionals collaborate
closely with physicians, surgeons, and specialists to interpret imaging
studies, provide diagnostic insights, and facilitate optimal patient
management. Additionally, hospitals often have specialized departments or
centers dedicated to specific imaging modalities or clinical specialties, such
as oncology imaging centers, cardiovascular imaging labs, and women's health
centers, further enhancing the breadth and depth of diagnostic imaging services
available to patients.
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Regional Insights
In the Vietnam Diagnostic Imaging Market, the South
region emerges as the dominant region, spearheading the country's diagnostic
imaging landscape. Comprising major cities such as Ho Chi Minh City, Can Tho,
and Vung Tau, the South region serves as the epicenter of healthcare
innovation, technological advancement, and medical infrastructure development
in Vietnam. Ho Chi Minh City, the largest city in Vietnam and the economic powerhouse
of the country, anchors the South region's prominence in the diagnostic imaging
market. The city boasts a dense network of hospitals, clinics, diagnostic
centers, and medical institutions, equipped with state-of-the-art imaging
facilities and cutting-edge technologies. These healthcare facilities cater to
a diverse patient population, offering a comprehensive range of diagnostic
imaging services, including X-ray, ultrasound, MRI, CT, and nuclear medicine
imaging.
Ho Chi Minh City serves as a hub for medical
tourism and healthcare investment, attracting patients from across Vietnam and
abroad seeking advanced diagnostic evaluations, specialized treatments, and
quality healthcare services. The city's strategic location, modern
infrastructure, and vibrant healthcare ecosystem make it a preferred
destination for patients seeking diagnostic imaging services, driving the
growth of the diagnostic imaging market in the South region.
Recent Developments
- In 2023, grand opening of
vietnam's first international standard advanced imaging education center was
conducted. The Advanced Imaging Education Center (AIEC) is built to
international standards, is a result of the collaboration between three key
entities: the Vinmec Healthcare System, VinUniversity, and GE Healthcare
Vietnam. This partnership has developed an innovative training model for
diagnostic imaging that addresses the shortcomings of traditional approaches,
which often emphasize theory over practice and lack integration with data
systems. The AIEC represents a significant advancement in practical,
data-connected training for healthcare professionals.
Key Market Players
- 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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By Type
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By Mobility
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By Source
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By Application
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By End User
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By Region
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- X-Ray Imaging Solutions
- Ultrasound Systems
- MRI Systems
- CT Scanners
- Nuclear Imaging Solutions
- Mammography
- Others
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|
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- Cardiology
- Oncology
- Neurology
- Orthopedics
- Gastroenterology
- Gynecology
- Others
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- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Care Centers
- Others
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- South Vietnam
- North Vietnam
- Central Vietnam
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Report Scope:
In this report, the Vietnam Diagnostic Imaging
Market has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Vietnam Diagnostic Imaging Market, By Type:
o X-Ray Imaging Solutions
o Ultrasound Systems
o MRI Systems
o CT Scanners
o Nuclear Imaging Solutions
o Mammography
o Others
- Vietnam Diagnostic Imaging Market, By Mobility:
o Portable
o Standalone
- Vietnam Diagnostic Imaging Market, By Source:
o Domestic
o Import
- Vietnam Diagnostic Imaging Market, By Application:
o Cardiology
o Oncology
o Neurology
o Orthopedics
o Gastroenterology
o Gynecology
o Others
- Vietnam Diagnostic Imaging Market, By End User:
o Hospitals & Clinics
o Diagnostic Centers
o Ambulatory Care Centers
o Others
- Vietnam Diagnostic Imaging Market,
By Region:
o South Vietnam
o North Vietnam
o Central Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Vietnam Diagnostic Imaging Market.
Available Customizations:
Vietnam Diagnostic Imaging Market report with
the given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Vietnam Diagnostic Imaging Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]