Vietnam Mammography Devices Market, By Product Type (Full-Field Digital Mammography, Film-Screen Mammogram, Breast Tomosynthesis), By Technology (Digital v/s Analog), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2027
Vietnam mammography devices market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of rising prevalence of breast cancer in female population of the country. Also, increasing demand for the early diagnosis of the breast cancer at its initial stages to increase survival chances, is also driving the growth of the Vietnam mammography devices market in the upcoming five years.
Cancer Concerns Drive Market Growth
The country is suffering from high population with breast cancers. In the year 2021, number of new cases reported with breast cancer were 21,555, and deaths caused due to breast cancer in the year 2021 in the country increased up to 9,345. Such increasing instances, and rising mortality rates due to increasing cases of breast cancer are actively riving the growth for the Vietnam mammography devices market in the upcoming five years.
Population concerned with the rising instances have also indulged themselves in the regular routine checkups and that utilizes the mammography devices and thus increases the growth of the Vietnam mammography devices market in the next five years. Cancer is often genetic and patients with prior history of breast cancer in the family, keep a regular check over the conditions, to find cancer instances at their early stages. If found at early stages, the cancer can be treated through, chemotherapy, radiotherapy, surgical method etc. Later stages of cancer are difficult to treat and often leads to death. Thus, the demand for the effective and efficient mammography devices to analyze the condition and find any tumor, is increasing and thus driving the growth of the Vietnam mammography devices market in the next five years.
Advancement in Healthcare Industry
Healthcare industry in Vietnam is rapidly growing and expanding. Higher investment in the industry and government favorable schemes have aided the growth of the industry. Medical devices in the country are mostly imported from the multinational companies or the global giants penetrating the market. Vietnam lacks on the ground of self-manufacturing of medical devices; thus, the industry is heavily dependent over investments, donations, and market player’s investment in the sector.
Availability of technologically advanced is delayed due to same reason, still the market flourishes through innovative product introductions from the global players. The government invests more than 6% of country’s GDP to the development of the healthcare industry and to provide better patient care, thus aiding the growth of the Vietnam mammography devices market in the future five years.
Market Segmentation
The Vietnam mammography devices market is segmented by product type, technology, end user, competitional landscape, and regional distribution. Based on product type, the market is further segmented into full-field digital mammography, film-screen mammogram, and breast tomosynthesis. Technology based market segment is further differentiated between digital and analog. Based on end user, the market is bifurcated into hospitals & clinics, diagnostic centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and the Southern region.
Company Profile
Siemens Healthineers Vietnam, GE Healthcare Vietnam, Philips Healthcare Vietnam, Canon Medical Systems Vietnam, Carestream Health Vietnam, Fujifilm Vietnam, among others is a partial list of major market players of the companies responsible for the growth of Vietnam mammography devices market.
Report Scope:
In this report, Vietnam mammography devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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