The Clinical Laboratories Market in Vietnam is growing owing to the Covid-19 pandemic, foreign investment and technological advancement: Ken Research

Focus on Increasing penetration of Private Health Insurance and Change in Consumption Habits Are Major Factor Contributing towards development of Clinical Laboratories Market in Vietnam.

Lack of Awareness and No commercialization of Clinical Labs: The Vietnam Healthcare market is still largely traditional. The regular check-ups and lab tests are not prevalent, the patients only have tests conducted when recommended by the doctor. Private firms like Diag Laboratories are trying to create that awareness by educating patients and health professionals the benefits of regular diagnostic tests. The Clinical Labs across Vietnam are not very commercialized. They are not aggressively promoted or marketed to the customers or patients. There are not many marketers present in the Healthcare space. The private firms lack specialized marketers to promote their services.

Government Restraints: Ministry of Health (MoH) Vietnam has imposed certain requirements for setting up a laboratory including a space of 20 square meters, certain qualified technician and authorized equipment which might be difficult to obtain. All services and tests have to be approved by the Ministry which might be a lengthy process.

Growth in non-communicable disease and chronic diseases: Shift in disease profile, thus changing the level of interaction between doctors and patients from episodic to rhythmic. Increasing incidence of communicable and non-communicable diseases, such as cardiovascular disease, cancer and diabetes, are expected to drive the clinical laboratory testing market.

Rising disposable Income and Technological Advancements: Rising personal disposable income has led to higher spending on healthcare services including clinical testing. Further there has been an increase in middle to high income earners seeking preventive health check-ups post the pandemic. The Vietnamese population has become receptive to new technologies in healthcare. With Genetic Analysis Test introduced, a lot of people are trying it out and with further advancement, the customers might grow.

Analysts at Ken Research in their latest publication Vietnam Clinical Laboratories Market Outlook to 2027F- Driven by Private Hospitals driving the future of Healthcare and Clinical Tests in Vietnamby Ken Research observed that Clinical Laboratories market is an emergent healthcare market in Vietnam at a growing stage from the economic crisis after pandemic. The rising government policies and consumption habits of Vietnamese patients, growth of Health-Tech and digital adoption along with rise of new technologies is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.4% CAGR during 2022-2027F owing to increasing awareness, rising disposable income and new government policies.

vietnam-clinical-lab-market

Key Segments Covered in the report

Vietnam Clinical Laboratories Market

By Type of Labs

Independent Labs

Private Hospital Labs

Public Hospital Labs

By Independent Labs

Organized Labs

Unorganized Labs

By Private Hospital Labs

In-House Labs

Third Party Tie-Ups

By End-User

Corporate Clients

Walk-Ins

Doctor Referrals

Online Referrals

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By Payor

Out-of-Pocket

Corporate Insurance

Private Insurance

Universal Health (Vietnam Govt.)

By Type of Tests

Pathology

Radiology

By Region

Northern

Southern

Central

By Age

0-20

20-40

40-60

Above 60

Key Target Audience

Clinic Service Providers

Clinic Equipment Distributors

Clinic Equipment Manufacturers

Clinics

Hospitals

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

Market Research and Consulting Firms

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Time Period Captured in the Report:

Historical Period: 2016-2022P

Base Period: 2022P

Forecast Period: 2023F-2027F

Companies Covered

Medic-Lab

Diag Laboratories

Chemedic Joint Stock Company

Labo TH Vietnam

FV Hospital

HONG NGOC

Vin Mec

Omron

Abbott

Terumo

Siemens

Key Topics Covered in the Report

Cross Comparison of Clinical Laboratories Market in Vietnam with Other Countries

Ecosystem of Clinical Laboratories Market in Vietnam

Evolution of Independent Clinical Laboratories Market in Vietnam

Value Chain of Clinical Laboratories Market in Vietnam

Market Size of Clinical Laboratories Industry in the Vietnam on the basis of Revenue, 2017-2022P

Market Segmentation of Clinical Laboratories Market in Vietnam, 2022P

Trends and Developments in Vietnam Clinical Laboratories Market

Key Challenges in Vietnam Clinical Laboratories Market

SWOT Analysis: Vietnam Clinical Laboratories Market

Growth Drivers of Vietnam Clinical Laboratories Market

Impact of Covid-19 on Vietnam Clinical Laboratories Market

Vietnam Clinical Laboratory Setup Procedure

Next Generation Laboratory Technology Trends

Competition Scenario for Vietnam Clinical Laboratories Market

Market Positioning Analysis for Clinical Laboratories Market in Vietnam

Market and Competitor Analysis by comparing Industry Growth

Pricing Analysis of Market players

Future Outlook and Projections, 2023E-2026E

Analyst Recommendations

For more insights on the market intelligence, refer to the link below:-

Vietnam Clinical Laboratories Market

Related Reports By Ken Research:-

Philippines Clinical Laboratory Market Outlook to 2027F

Indonesia Clinical Laboratory Market Outlook to 2026F (Second Edition)

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