MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Vietnam Medical Devices Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Vietnam Medical Devices Market: 2024-2030
Vietnam Medical Devices Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30.
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Vietnam Medical Devices Market Driver:
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:
The Vietnam Medical Devices Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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.
Geographical Analysis into the Vietnam Medical Devices Market:
· North
· South
· Central
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/vietnam-medical-devices-market.html
Competitive Landscape and Vietnam Medical Devices Market Share Analysis:
The competitive landscape of the Vietnam Medical Devices Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
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.
Questions Addressed in this Study
· What factors are driving the Vietnam Medical Devices Market growth?
· How is the Vietnam Medical Devices Market expected to grow over the next five years?
· What are the key insights into the current trends in the Vietnam Medical Devices Market?
· What is the current size of the Vietnam Medical Devices Market, and how is it projected to change in the future?
· What is the future outlook for the Vietnam Medical Devices Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, 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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