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 Vietnam” by 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.
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
Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTg3
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
Ask For customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTg3
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)
