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Forecast Period
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2025-2029
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Market Size (2023)
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USD 141.40 Million
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Market Size (2029)
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USD 216.92 Million
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CAGR (2024-2029)
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7.46%
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Fastest Growing Segment
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Medical Tourists
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Largest Market
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Southern Vietnam
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Market Overview
Vietnam In Vitro
Fertilization Market was valued at USD 141.40 Million in 2023 and is
anticipated to project impressive growth in the forecast period with a CAGR of
7.46% through 2029. The Vietnam In Vitro Fertilization (IVF) market is being
driven by several key factors contributing to its growth. Increasing awareness
and acceptance of IVF procedures among Vietnamese couples, coupled with rising
infertility rates due to factors such as delayed parenthood, lifestyle changes,
and environmental influences, are significant drivers. Improvements in
healthcare infrastructure and the availability of advanced medical technologies
in urban centers further enhance accessibility to IVF treatments across the
country. Supportive government policies aimed at promoting reproductive health
and family planning services have fostered a conducive environment for the
expansion of the IVF market. As societal attitudes towards fertility treatment
continue to evolve positively, the demand for IVF services in Vietnam is
expected to rise, driving the market's growth trajectory in the coming years.
Key Market Drivers
Rise in Infertility Rate
Infertility in women is mainly caused due to
endometriosis, polycystic ovary disease, or obstruction of two uterus linings.
Infertile men lack sperm due to testicular dysfunction, retrograde ejaculation,
or insemination system obstruction. Sperm production or function can be
affected by overexposure to certain environmental elements, including
Industrial chemicals. Extended exposure to benzenes, toluene, xylene,
herbicides, pesticides, organic solvents, painting materials and lead might
contribute to low sperm counts. Drug and alcohol consumption patterns also
impact men's sperm quality and count. The egg count goes down with increasing
age leading to problems in fertilization and conception in women. The normal
aging process also increases the likelihood of miscarriage and giving birth to
a child who has a genetic disorder. All the factors mentioned above along with
the decreasing fertility rate in Vietnam are expected to increase the demand
for in-vitro fertilization, thereby driving the market growth. Over the last
three decades, Vietnam has seen a notable decline in its Total Fertility Rates
(TFRs), which measure the average number of children born to each woman.
Specifically, TFRs have decreased from 3.80 children per woman in 1989 to 2.09
children per woman in 2019. This decline has played a crucial role in
reducing the country's overall population growth rate. Despite achieving and
maintaining stable fertility rates close to replacement level, regional, local,
and demographic disparities persist within Vietnam.
Rise in Medical Tourism
Vietnam is a popular destination for medical
tourists seeking in-vitro Fertilization treatment, beauty, or dental care. The
costs in Vietnam are reasonable, and the services are excellent. Travel
agencies have collaborated with hospitals to plan medical tours, emphasizing
the accessibility and high standards of these facilities, which appeal to
tourists. According to an article titled, “Depression and associated factors
among infertile women at Tu Du hospital, Vietnam: a cross-sectional study”,
approximately 40,000 couples experiencing infertility seek consultation and
treatment at Tu Du Hospital in Vietnam each year.
Vietnam is expanding its fertility tourism
industry. Since there are more In-Vitro Fertilization centers, the finest
doctors and most recent technology available for offering treatment, along with
affordable treatment expenses, among others, medical tourism has significantly
increased in the country.
Rising Demand for Artificial Insemination
Due to the rising incidence of diseases, including
erectile dysfunction and polycystic ovary syndrome, the risk of infertility is
rising in Vietnam. Complications could arise due to significant lifestyle
adjustments and the growing preference of working women to conceive later in
life. Various things, including stress, alcohol consumption, lifestyle
modification, and decreased sperm count and motility, causes infertility
problems in men. A persistent rise in the prevalence of infertility in both
sexes causes the need for artificial insemination. Artificial insemination
techniques like intrauterine insemination (IUI), in vitro Fertilization
(in-vitro Fertilization), etc., are the treatments for the infertility issue.
Recent innovations, such as ICSI (Intracytoplasmic Sperm Injection), have
improved embryo quality even with very low or abnormal sperm counts, increasing
success rates. This in turn is expected to create lucrative opportunities for
the growth of in-vitro fertilization market in the coming years.
Expansion of Healthcare Infrastructure
The expansion and modernization of healthcare
infrastructure in Vietnam, particularly in its urban centers, represent a
pivotal factor driving the growth of the IVF market. As the country undergoes
rapid economic development, significant investments have been directed towards
upgrading medical facilities and enhancing healthcare services. This includes
the establishment of specialized fertility clinics equipped with state-of-the-art
equipment and facilities dedicated to reproductive health.
These advancements have substantially improved the
accessibility and availability of IVF treatments across Vietnam. Urban areas,
in particular, have witnessed the proliferation of modern fertility centers
staffed by highly skilled healthcare professionals trained in advanced
reproductive technologies. The presence of these specialized clinics not only
caters to the increasing demand for infertility treatments but also ensures
that couples have access to comprehensive and personalized care. The
development of robust healthcare infrastructure instills confidence among
prospective parents regarding the reliability and quality of IVF services
offered within the country. Patients benefit from the assurance of receiving
treatment in facilities that adhere to stringent medical standards and
protocols, thereby enhancing the overall patient experience and treatment
outcomes.
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Key Market Challenges
Cost and Affordability
One of the primary challenges for the Vietnam IVF
market is the cost associated with fertility treatments. IVF procedures can be
expensive, often requiring multiple cycles for success, which places a
financial strain on many couples. The high cost of medications, laboratory
procedures, and specialist consultations can deter some individuals from
pursuing IVF, particularly those with limited financial resources. Addressing
the affordability of IVF treatments through governmental subsidies, insurance
coverage expansion, or cost-effective treatment options is crucial to making
fertility care accessible to a broader segment of the population.
Limited Access to Advanced Technologies
While urban centers in Vietnam have seen
significant advancements in healthcare infrastructure, rural areas may still
lack access to specialized fertility clinics and advanced IVF technologies.
Disparities in healthcare access between urban and rural regions pose a
challenge, as individuals living in remote areas may face barriers in accessing
timely and comprehensive fertility treatments. Enhancing infrastructure
development and expanding telemedicine initiatives could help bridge these
gaps, ensuring equitable access to IVF services across different geographical
regions of the country.
Key Market Trends
Advancements in Medical Technology
Advances in medical technology, particularly within
the realm of In Vitro Fertilization (IVF), have significantly contributed to
the growth and evolution of Vietnam's fertility treatment market. These advancements
encompass a spectrum of innovations that have enhanced the efficacy, safety,
and accessibility of IVF procedures across the country.
One of the most notable advancements is the
improvement in success rates of IVF treatments. Innovations in laboratory
techniques, including embryo culture systems and cryopreservation methods, have
led to higher success rates in achieving successful pregnancies. This has
instilled greater confidence among couples facing infertility issues,
encouraging more individuals to pursue IVF as a viable option to build their
families. The introduction of minimally invasive techniques in IVF procedures
has revolutionized fertility care. Techniques such as transvaginal
ultrasound-guided egg retrieval and embryo transfer have minimized discomfort
and recovery times for patients, while also reducing the risks associated with
invasive surgical procedures. These advancements not only improve patient
comfort but also contribute to higher success rates by optimizing the
conditions under which embryos are transferred.
Government Support and Policies
Supportive government policies aimed at promoting
reproductive health and family planning have provided a favorable regulatory
environment for the IVF market in Vietnam. Initiatives focusing on subsidizing
fertility treatments, regulating IVF clinics, and advocating for reproductive
rights have contributed to the growth of the sector. These policies not only
address the healthcare needs of the population but also facilitate
affordability and accessibility to IVF services, encouraging more couples to
pursue fertility treatments within the country.
Segmental Insights
Technique Insights
Based on the Technique, Intracytoplasmic
Sperm Injection (ICSI) IVF has emerged as the dominant technique over Non-ICSI
or Traditional IVF methods. ICSI involves the direct injection of a single
sperm into an egg to facilitate fertilization, which is particularly beneficial
for couples facing male infertility issues such as low sperm count or poor sperm
motility. This technique has gained popularity due to its higher success rates
compared to traditional IVF methods, especially in cases where conventional
fertilization techniques may not achieve successful fertilization.
The dominance of ICSI in
the Vietnam IVF market can be attributed to several factors. The prevalence of
male infertility factors in couples seeking fertility treatment necessitates
the use of ICSI to overcome these challenges effectively. As infertility rates
rise and more couples delay childbearing, the demand for advanced reproductive
technologies like ICSI has increased, driving its adoption in fertility clinics
across the country. Advancements in medical technology and laboratory
techniques have improved the efficiency and reliability of ICSI procedures,
contributing to its widespread acceptance among healthcare providers and
patients. The ability of ICSI to achieve fertilization even with a limited
number of viable sperm samples enhances its appeal as a preferred treatment
option for couples undergoing IVF. The success of ICSI in achieving higher
pregnancy rates has bolstered its position in the market. Clinics offering ICSI
IVF often highlight its enhanced efficacy and reliability, attracting more
couples seeking a higher likelihood of successful conception through assisted
reproductive technologies.
End User Insights
Based on the End User, medical
tourists are increasingly emerging as a significant segment driving growth and
diversity. Vietnam's appeal as a medical tourism destination for IVF treatments
is growing due to several compelling factors. The country offers competitive
pricing compared to Western countries and even neighboring Southeast Asian
nations, making it an attractive option for individuals seeking high-quality
yet affordable fertility treatments. This cost advantage extends to a range of
IVF services, including consultations, procedures, medications, and
post-treatment care, appealing to medical tourists looking to optimize their
healthcare spending.
Vietnam boasts a rapidly
advancing healthcare infrastructure, particularly in urban centers like Ho Chi
Minh City and Hanoi, where specialized fertility clinics equipped with
state-of-the-art technologies cater to both local and international patients.
The presence of internationally trained fertility specialists and healthcare
professionals further enhances confidence in the quality and reliability of IVF
services offered in the country. Vietnam's strategic geographical location
within Southeast Asia facilitates accessibility for medical tourists from
nearby countries such as China, South Korea, Japan, and Australia. Ease of
travel, coupled with visa facilitation programs for medical purposes,
encourages individuals seeking IVF treatments to choose Vietnam as their preferred
destination.
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Regional Insights
In Vietnam, the dominance of the In Vitro
Fertilization (IVF) market varies across different regions, with Southern
Vietnam emerging as the leading region for fertility treatments. Cities like Ho
Chi Minh City and its surrounding metropolitan area have witnessed significant
growth in the number of specialized fertility clinics and IVF centers. This can
be attributed to several factors contributing to Southern Vietnam's prominence
in the IVF market.
Ho Chi Minh City, as Vietnam's largest city and
economic hub, attracts a large population of residents seeking advanced medical
care, including fertility treatments. The city's robust healthcare
infrastructure, characterized by modern hospitals, well-equipped fertility
clinics, and skilled medical professionals trained in the latest reproductive
technologies, supports the delivery of comprehensive IVF services. This
infrastructure development ensures that patients have access to
state-of-the-art facilities and specialized care throughout their IVF journey.
Southern Vietnam benefits from a higher
concentration of affluent and urbanized populations compared to other regions
in the country. The demographic profile of Ho Chi Minh City and its surrounding
areas includes a significant number of couples pursuing careers and higher
education, contributing to delayed parenthood and a rising demand for fertility
treatments like IVF. This demographic trend drives the market demand for IVF
services, prompting the establishment and expansion of fertility clinics to
meet growing patient needs.
Recent Developments
- In August 2023, Maven Clinic, renowned as the
largest virtual clinic specializing in women's and family health, has revealed
its collaboration with Amazon to extend Amazon's family-building support
program to 50 countries worldwide, including Vietnam. Under this partnership,
Maven and Amazon will offer Amazon employees and their partners complimentary
access through Maven to a diverse range of healthcare professionals. This
includes board-certified reproductive endocrinologists (fertility doctors),
obstetricians, gynecologists, nutritionists, mental health providers, adoption
coaches, and other specialized caregivers. This initiative aims to provide comprehensive
and accessible healthcare support, catering specifically to the unique needs of
individuals and families as they navigate their reproductive health and
family-building journeys.
- In December 2022, the IVF Department of Phuong Chau
International Hospital, located in Can Tho city and part of Phuong Chau Medical
Group, achieved a significant milestone by becoming the first healthcare
facility in the Mekong Delta region to receive certification from the
Reproductive Technology Accreditation Committee (RTAC). This accreditation,
developed and endorsed by the RTAC of the Fertility Society of Australia and
New Zealand, establishes standardized norms for governance and international
best practices. It aims to elevate the quality of fertility treatment units,
ensuring adherence to rigorous standards that enhance the reliability and
effectiveness of reproductive technologies offered at Phuong Chau International
Hospital.
Key Market Players
- Hong Ngoc IVF Center
- Vinmec Central Park International Hospital
- Hoan My Thu Duc Hospital
- Hanh Phuc International Hospital
- Van Hanh General Hospital Company Limited
- AN Sinh Hospital
- Phuong Chau International Group
- Hue Central Hospital
- Tu Du Hospital
- Hanoi French Hospital
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By Technique
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By Product
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By Egg Donor
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By Infertility
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By Embryo
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By Application
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By End User
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By Region
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- ICSI IVF
- Non-ICSI/ Traditional IVF
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- IVF Culture Media
- ICSI Machine
- IVF Incubators
- Cryo-system
- Others
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- Frozen Non-donor
- Fresh Non-donor
- Frozen Donor
- Fresh Donor
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- Fresh Embryo
- Frozen-thawed Embryo
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- Fertility Clinics
- Hospitals
- Others
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- Locals
- Medical Tourists
- Expats
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- Southern Vietnam
- Northern Vietnam
- Central Vietnam
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Report Scope:
In this report, the Vietnam In Vitro Fertilization
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Vietnam In Vitro
Fertilization Market, By
Technique:
o ICSI IVF
o Non-ICSI/ Traditional IVF
- Vietnam In Vitro
Fertilization Market, By
Product:
o IVF Culture Media
o ICSI Machine
o IVF Incubators
o Cryo-system
o Others
- Vietnam In Vitro
Fertilization Market, By
Egg Donor:
o Frozen Non-donor
o Fresh Non-donor
o Frozen Donor
o Fresh Donor
- Vietnam In Vitro
Fertilization Market, By
Infertility:
o Male
o Female
- Vietnam In Vitro
Fertilization Market, By
Embryo:
o Fresh Embryo
o Frozen-thawed Embryo
- Vietnam In Vitro
Fertilization Market, By
Application:
o Fertility Clinics
o Hospitals
o Others
- Vietnam In Vitro
Fertilization Market, By
End User:
o Locals
o Medical Tourists
o Expats
- Vietnam In Vitro
Fertilization 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 In Vitro Fertilization Market.
Available Customizations:
Vietnam In Vitro Fertilization Market report
with the given market data, TechSci 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 In Vitro Fertilization 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]