Growing Healthcare Expenditure and Transition of Healthcare Facilities from Traditional to Digital Platforms to Drive the Health Tech Market in Vietnam: Ken Research
GURUGRAM, India, July 21, 2022 /PRNewswire/ --
- Vietnam is a heavy importer for medical products. 90% of the medical products are imported from the manufacturing countries like Japan, Germany, China, Singapore, etc.
- COVID was the biggest driver and had a perfect positive impact on the growth rate of Vietnam's Health Tech market during which the market experienced broad investments.
- In 2020, MOH has launched three dedicated schemes to Health IT that includes Smart Management, Smart Hospitals, Smart Medical Record management to be achieved by 2025, pushing the industry toward digitalization for efficient management.
Rising Healthcare Expenditure: Vietnam's growing healthcare expenditure is boosting the Health Tech Market as the country is currently undergoing economic and demographic transformations that provide great potential for its healthcare industry. Factors like increasing geriatric population, rising GDP and disposable income and disease prevalence to drive the country's Health Tech market. Moreover, changes in the society like fast-growing middle class and aging population creating opportunities for new players to enter the market.
Increased focus on Digital Health: Digital health is guided by several key policy & communications and digital regulations issued by the Ministry of Health like Industry 4.0, Digital Transformation in Healthcare Scheme until 2025 and others are driving the digital industry in Vietnam. Digitization is helping address challenges in Vietnam's Healthcare facilities including hospitals and clinics. Technological software integration in the hospital system has eased hospital management extensively in the country.
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Emergence of New Technologies: 5G is making robot-assisted telesurgery widespread which creates greater scope for healthcare centers to provide medical care in remote or under-served areas through new technologies. AI and Big Data applications are receiving strong support from the central government, driving digital healthcare infrastructure and will enable new R&D with accelerated investment incentives. Vietnam hospitals are in the early stage of going smart and are currently focusing on implementing of new technologies, including HIS, LIS, PACS and EMR.
Increased usage of Health IT Solutions: MoH's top priority is to optimize Vietnam's healthcare network easing the burden on large, national-level hospitals with overcrowding.
There is strong support from the government for improving existing hospitals infrastructure and integrate the IT system for administration. Enhances healthcare professionals' tasks to keep a track of patient's records easily and securely.
The report titled "Vietnam Health Tech Market Outlook to 2026- Driven by Increase in Internet Penetration and Mobile Applications along with Technology Advancement in the country" provides an exhaustive analysis of the Health Tech market in Vietnam. The market is expected to grow at a double digit positive CAGR owing to the increase in internet penetration rate and increased spending on healthcare due to high disease prevalence are driving the market in Vietnam. The Health Tech market GTV in Vietnam is expected to grow over the next few years due to the high demand for digital products in the country.
Key Segments Covered in the report: -
e-Pharmacy Market
By Oder Split
- By Order Split
- OTC Drugs
- Prescribed Drugs
- Non-Pharmaceutical Products and Medical Devices
By Oder Platform
- Mobile Application
- Web Browser
By Region
- Northern Region
- Central Region
- Southern Region
Online Consultation Market
By Type of Doctor
- General Practitioner
- Specialized Doctor
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By Type of Specialization
- Pediatrics
- Family Doctor
- Dermatologist
- Others (include ENT Specialist, Cardiologist, Optometrist, Psychiatrist and more)
By Region
- Northern Region
- Central Region
- Southern Region
Health IT Solutions Market
By Type of Customization
- Customized
- Non- Customized
By Type of Product
- HIS/LIS
- Independent LIS
- PMS
- CMS
By Region
- Northern Region
- Central Region
- Southern Region
Key Target Audience
- Healthcare Industry
- Pharmaceutical Industry
- e-Pharmacy Companies
- Online Consultation Companies
- Health IT Solutions Companies
- Hospitals & Clinics
- Retail Pharmacy Drug Stores
Time Period Captured in the Report:-
- Historical Period: 2018-2021
- Forecast Period: 2021-2026F
Companies Covered:
- Pharmacity
- Long Chau
- Medicare
- Phano Pharmacy
- eDoctor
- Med247
- Doctor Anywhere
- FPT
- VNPT
- Viettel Solutions
Key Topics Covered in the Report
- Executive Summary of Health Tech Market in Vietnam
- Vietnam Country and Healthcare Sector Overview
- Vietnam Health Tech Market Overview
- Major Challenges in Health Tech Market
- Comprehensive Analysis on e-Pharmacy, Online Consultation and Health IT Solutions Markets (Market Size, 2018-2026F; Market Shares; Future Trends)
- Major Regulations for e-Pharmacy, Online Consultation and Health IT Solutions Markets in Vietnam
- Emerging Technologies in Health Tech Market
- Strengths and Weaknesses of Major Health Tech Players in Vietnam
- Competitive Landscape in e-Pharmacy, Online Consultation and Health IT Solutions Markets
- Emerging Opportunities in Health Tech Market in Vietnam
- Analyst Recommendations
For More Info on the Research Report, Click on the below link: -
Future Outlook of Vietnam Health Tech Market
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