Overview of healthcare in Vietnam [market analysis]

Healthcare in Vietnam

The transition of Vietnam to an emerging market economy goes along several changes in habits and income of its population. With increasing spending, modernization of medical practices, improvement of the healthcare system and the development of technologies, numerous opportunities arise in the Vietnamese healthcare sector.

Though the healthcare sector faces several challenges in Vietnam, the growing income of the Vietnamese enables them to increase their budget for healthcare. This demand is accompanied by a political will to modernize all dimensions of the sector: infrastructures, workforce training, practices, pharmaceuticals, medical devices…

Characteristics of the health sector in Vietnam

This first report goes into a detailed examination of the healthcare sector in Vietnam and its forecast evolution to 2020. Aside from demographic characteristics and consumption of Vietnam, the report particularly underlines the following drivers of the healthcare market:

  • Need for more investments in infrastructure to deliver basic care for all
  • Increasing demand and spending from the Vietnamese on healthcare
  • Political plans to improve the healthcare workforce by 2020
  • Improvement of regulations, autonomy of hospitals and incentives for the private sector
  • Growth of innovative and technological applications for healthcare

For a more comfortable reading, it is quite suggested to open the report in full screen!

Future health solutions in Vietnam – summary

  • Executive summary – page 1
  • Methodology and data collection – page 2
  • Key findings – page 2
    • Market drivers – page 2
    • Challenges – page 3
  • Demograhics – page 4
    • Vietnamese culture according to 6-D Model of Geert Hofstete – page 5
    • Urbanization in Vietnam – page 6
    • Key figures – page 6
  • Health – page 8
    • Healthcare – page 8
    • The health system hierarchy – page 9
    • Healthcare workers – page 9
    • Public healthcare – page 11
    • Private healthcare – page 11
    • Pharmaceuticals and medical devices market – page 13
    • Major foreign pharmaceutical manufacturers and domestic manufacturers in Vietnam – page 13
    • Medical devices – page 13
    • Medical devices registration process – page 14
    • Buyers of medical equipment can be regrouped into four categories – page 14
    • A growing healthcare sector – page 15
    • Insurance – page 15
  • ICT penetration – page 18
  • Healthcare informatics – page 19
  • Attitudes towards mHealth – page 20
    • Urban vs rural healthcare workers’ attitudes towards mHealth – page 21
    • Healthcare executives’ attitude towards Big Data and Internet of Things – page 21
    • Healthcare trends in Vietnam – page 22
    • Healthcare expert’s attitude towards personalized medicine and wearable devices – page 27
    • Wearable / quantified self devices in Vietnam – page 28
  • Vietnamese start-ups in health apps devices – page 29
  • Recommendations – page 30
    • Opportunities could be found in several current projects – page 30
  • Key findings in on-line survey – page 35

For more information on the trends and habits of healthcare in the region, check:

Key trends and opportunities for healthcare in Vietnam

The following slide deck sums up the key aspects on the healthcare sector in Vietnam. With an emphasis on trends and consumer sentiments for healthcare in Vietnam, this presentation highlights the key points of the previous reports with some extra analysis for investments and interesting opportunities for healthcare companies.

Originally designed for Finnish companies, this deck is nonetheless interesting for all companies and professionals of the sector who wish to expand their operations in Vietnam or come into the market.

Healthcare opportunities in Vietnam – summary

  • Overview – slide 2
    • Vietnam – slide 3
    • Vietnam healthcare system – slide 4
    • The health system hierarchy – slide 5
    • Development statistics – slide 7
    • Government plants – slide 11
    • The Vietnamese consumer – slide 12
    • Consumer trends – slide 13
    • Challenges facing healthcare development in Vietnam – slide 15
  • Opportunities in healthcare in Vietnam – slide 16
    • Opportunities for healthcare development in Vietnam – slide 17
    • mHealth adoption at a glance – slide 20
    • Personalized medicine – key findings – slide 21
    • Wearable devices – key findings – slide 22
  • Recommendations and summary – slide 23
    • Summary – slide 24
    • Recommendations – slide 25
  • Opportunities for Finnish companies (and others) – Example cases – slide 26
  • Key findings in online survey – slide 32
    • Healthcare executive attitudes to new technologies – slide 33
    • Personalized medicine – key findings – slide 34
    • Wearable devices – key findings – slide 35
    • Personalized medicine – data – slide 36

For more information on technological innovation for healthcare and eHealth, check: Innovating for healthcare in Asia.

Documents by Team Finland Future Watch from September and October 2015 respectively

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