Forecast: Vietnam Medical Devices Market to Grow at 9% CAGR Over the Next Six Years

According to a recent comprehensive by MarkNtel Advisors Vietnam Medical Devices Market research report, the  Vietnam Medical Devices market is set for significant growth, driven by factors such as market size, share, and evolving trends.

This detailed report offers crucial insights into the market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.

With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the Vietnam Medical Devices market.

Get a Sample PDF of Report - https://www.marknteladvisors.com/query/request-sample/vietnam-medical-devices-market.html

Vietnam Medical Devices Market (2024-2030): Analysis and Growth

Vietnam Medical Devices Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30

What are the key drivers fueling growth in the Vietnam Medical Devices market from 2024-2030?

Increasing Occurrence of Chronic Diseases – The occurrence of several preventable chronic diseases, such as diabetes, cardiovascular diseases (CVDs), etc., across Vietnam, has successfully boosted the overall medical devices market in the country. For instance, as mentioned by the International Diabetes Federation (IDF), there were around 3,994,100 people with diabetes in Vietnam in 2021, and the number is expected to increase to 4,961,600 and 6,015,300 by 2030 and 2045, respectively. As a result, the demand for insulin pumps, glucose monitoring devices, and other diabetes care devices has increased in Vietnam.

Additionally, the increasing incidence rates of various types of cancer like breast cancer, prostate cancer, etc., in the country is also anticipated to drive the demand for medical devices in Vietnam. For instance, according to the Global Cancer Observatory, the new cancer incidence rate in Vietnam in 2022 was roughly 180,000 and could reach about 292, 000 in 2045. Consequently, the demand for different medical devices such as Computed Tomography (CT), Magnetic Resonance Imaging (MRI), etc., employed for the diagnosis and treatment of cancer would increase, driving the growth of the Vietnam Medical Devices Market.   

Vietnam Medical Devices Market : Segmentation Analysis 

-By Device Type

-Diagnostic Devices- Market Size & Forecast 2019-2030, USD Million

-Monitoring Devices- Market Size & Forecast 2019-2030, USD Million

-Drug Delivery Devices- Market Size & Forecast 2019-2030, USD Million

-Bio Implants and Stimulation Devices- Market Size & Forecast 2019-2030, USD Million

-Surgical Devices- Market Size & Forecast 2019-2030, USD Million

-Treatment Equipment- Market Size & Forecast 2019-2030, USD Million

-Others (Anaesthesia Devices, Mobility Aid Devices, etc.)- Market Size & Forecast 2019-2030, USD Million

-By Therapeutic Application

-Gastrointestinal Surgery- Market Size & Forecast 2019-2030, USD Million

-Cardiology- Market Size & Forecast 2019-2030, USD Million

-Respiratory- Market Size & Forecast 2019-2030, USD Million

-General Surgery- Market Size & Forecast 2019-2030, USD Million

-Orthopedics- Market Size & Forecast 2019-2030, USD Million

-Dental- Market Size & Forecast 2019-2030, USD Million

-Nephrology & Urology- Market Size & Forecast 2019-2030, USD Million

-Neurology- Market Size & Forecast 2019-2030, USD Million

-Ophthalmology- Market Size & Forecast 2019-2030, USD Million

-Ear-Nose-Throat (ENT) - Market Size & Forecast 2019-2030, USD Million

-Others (Dermatology, Gynecology, etc.)- Market Size & Forecast 2019-2030, USD Million

-By End User

-Hospitals- Market Size & Forecast 2019-2030, USD Million

-Specialty Centers & Clinics- Market Size & Forecast 2019-2030, USD Million

-Diagnostic Centres- Market Size & Forecast 2019-2030, USD Million

-Others (Research Organisations, Homecare, etc.)- Market Size & Forecast 2019-2030, USD Million

-By Region

-North

-South

-Central

Explore the Complete Analysis Report – https://www.marknteladvisors.com/research-library/vietnam-medical-devices-market.html

What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?

Terumo Corporation, USM HEALTHCARE, Nihon Kohden Corporation, Medtronic plc, Stryker, Abbott Laboratories, Koninklijke Philips N.V., Boston Scientific Corporation, Becton Dickinson and Company, GE Healthcare, Others

“Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.”

Key Questions Answered in the Research Report:

1.    What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?

2.    What are the trends influencing the current scenario of the market?

3.    What key factors would propel and impede the industry across the country?

4.    How has the industry been evolving in terms of geography & solution adoption?

5.    How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-30?

6.    Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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