Vietnam HealthTech Market, By Technology (Digital Health Systems, Health Analytics, Health Information Technology, mHealth, Telehealthcare); By Component (Hardware, Software, Services); By Application (Cardiology, Diabetes, Neurology, Sleep Apnea, Oncology, Others); By End User (Healthcare Providers, Healthcare Payers, Healthcare Consumers, Pharmaceutical Companies, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
Vietnam HealthTech Market Size Expands at Significant CAGR of 5.14% to Reach Value of USD 453.56 Million by 2030
Vietnam HealthTech Market is flourishing because of an increasing demand for digital health services and the government’s support for digital transformation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam HealthTech Market size at USD 261.27 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam HealthTech Market size to expand at a CAGR of 5.14% reaching a value of USD 453.56 million by 2030. The lack of access to modern healthcare services in underdeveloped rural areas and the rising use of smartphones and other mobile platforms, which make healthtech services more accessible, are two major growth factors for Vietnam Healthtech Market. Over the forecast period, it is also projected that Vietnam Healthtech Market will be driven by the rising prevalence of chronic diseases and the rising need for remote patient monitoring.
Opportunity - Rising prevalence of non-communicable diseases
Vietnam is registering a significant rise in the prevalence of various non-communicable diseases, such as cardiology, diabetes, neurology, sleep apnea, oncology, and others. The cardiology segment accounts for the highest market share owing to the high prevalence of heart diseases in the country. According to the World Health Organization, cardiovascular diseases caused 31% of total deaths, equivalent to 170,000, in Vietnam in 2016. Through healthtech services, such as teleconsultations, the risk factors of coronary artery disease can be reduced significantly, which contributes to the growth of Vietnam healthtech market.
Vietnam HealthTech Market
Segmental Coverage
Vietnam HealthTech Market – By End User
Based on end users, Vietnam HealthTech Market is segmented into healthcare providers, healthcare payers, healthcare consumers, pharmaceutical companies, and others. The healthcare consumers segment dominates Vietnam healthtech market. The lack of accessibility to healthcare systems in the rural parts of Vietnam is boosting the growth of telehealth and mHealth facilities in the country. In terms of patient accessibility to healthcare, healthtech provides several benefits, including remote monitoring and health information access. Furthermore, increasing smartphone ownership and the launch of various healthtech devices, such as Fitbit, are further driving the growth of the market.
Competitive Landscape
Major players operating in the Vietnam HealthTech Market include Johnson Health Tech Vietnam, Saigon Technology, Thuocsi, Jio Health, Medigo, Medici, EDoctor, Med247, Docosan, Nhi Đồng 315, and AiHealth.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Vietnam HealthTech Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam HealthTech Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam HealthTech Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Demand for Digital health services
- 3.2.1.2. Government Support for Digital Transformation
- 3.2.1.3. Growing Middle Class and Increased Healthcare Spending
- 3.2.1.4. Advancements in Technology
- 3.2.2. Restraints
- 3.2.2.1. Limited Regulatory Framework
- 3.2.2.2. Limited Infrastructure
- 3.2.3. Opportunities
- 3.2.3.1. Growing Demand for Telemedicine Services
- 3.2.3.2. Increasing Adoption of Electronic Health Records
- 3.2.3.3. Growing Demand for Online Consultations
- 3.2.3.4. Growing Demand for E-Pharmacy Services
- 3.2.4. Challenges
- 3.2.4.1. Limited Awareness and Adoption
- 3.2.4.2. Security and Data Protection Concerns
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam HealthTech Market: Marketing Strategies
- 5. Vietnam HealthTech Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Technology
- 5.2.1.1. Digital Health Systems
- 5.2.1.2. Health Analytics
- 5.2.1.3. Health Information Technology
- 5.2.1.4. mHealth
- 5.2.1.5. Telehealthcare
- 5.2.2. By Component
- 5.2.2.1. Hardware
- 5.2.2.2. Software
- 5.2.2.3. Services
- 5.2.3. By Application
- 5.2.3.1. Cardiology
- 5.2.3.2. Diabetes
- 5.2.3.3. Neurology
- 5.2.3.4. Sleep Apnea
- 5.2.3.5. Oncology
- 5.2.3.6. Others
- 5.2.4. By End User
- 5.2.4.1. Healthcare Providers
- 5.2.4.2. Healthcare Payers
- 5.2.4.3. Healthcare Consumers
- 5.2.4.4. Pharmaceutical Companies
- 5.2.4.5. Others
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Range
- 6.2. Vietnam HealthTech Company Market Share Analysis, 2023
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 7. Impact of Escalating Geopolitical Tensions on Vietnam HealthTech Market Industry
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- 8.1. Johnson Health Tech Vietnam
- 8.2. Saigon Technology
- 8.3. Thuocsi
- 8.4. Jio Health
- 8.5. Medigo
- 8.6. Medici
- 8.7. EDoctor
- 8.8. Med247
- 8.9. Docosan
- 8.10. Nhi Đồng 315
- 8.11. AiHealth
- 8.12. Other prominent players
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents
- 10.5. Assumption & Limitation
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam HealthTech Market Segmentation
- Figure 2 Vietnam HealthTech Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam HealthTech Market Size, By Value (USD Million), 2019–2030
- Figure 5 Vietnam HealthTech Market Share, By Technology, By Value, 2019–2030
- Figure 6 Vietnam HealthTech Market Share, By Component, By Value, 2019–2030
- Figure 7 Vietnam HealthTech Market Share, By Application, By Value, 2019–2030
- Figure 8 Vietnam HealthTech Market Share, By End User, By Value, 2019–2030
- List of Tables
- Table 1 Vietnam HealthTech Market Share, By Technology, By Value, 2019–2030
- Table 2 Vietnam HealthTech Market Share, By Component, By Value, 2019–2030
- Table 3 Vietnam HealthTech Market Share, By Application, By Value, 2019–2030
- Table 4 Vietnam HealthTech Market Share, By End User, By Value, 2019–2030
- Table 5 Johnson Health Tech Vietnam Company Overview
- Table 6 Johnson Health Tech Vietnam Financial Overview
- Table 7 Saigon Technology Company Overview
- Table 8 Saigon Technology Financial Overview
- Table 9 Thuocsi Company Overview
- Table 10 Thuocsi Financial Overview
- Table 11 Jio Health Company Overview
- Table 12 Jio Health Financial Overview
- Table 13 Medigo Company Overview
- Table 14 Medigo Financial Overview
- Table 15 Medici Company Overview
- Table 16 Medici Financial Overview
- Table 17 EDoctor Company Overview
- Table 18 EDoctor Financial Overview
- Table 19 Med247 Company Overview
- Table 20 Med247 Financial Overview
- Table 21 Docosan Company Overview
- Table 22 Docosan Financial Overview
- Table 23 Nhi Đồng 315 Company Overview
- Table 24 Nhi Đồng 315 Financial Overview
- Table 25 AiHealth Company Overview
- Table 26 AiHealth Financial Overview
Research Assistance
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