Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Diagnostic Labs Market Regional Analysis

The market for diagnostic labs has been witnessing significant demand for the past few years with the rising prevalence of chronic diseases. The rising population of geriatric population is also a key factor driving the growth of the market. The increasing investment of the government and the key players is also contributing to the Vietnam diagnostic labs market growth. The rising awareness about the importance of timely diagnosis has been driving the growth of the market and is likely to continue propelling the growth of the market.

 

Other key drivers of the market growth include the rising investment by the government, which is emphasizing the healthcare sector with the growing economic development of the region.

 

Based on regions, the Southern region has been leading the regional market due to the rising number of people going for diagnosis and treatment.

 

Vietnam Diagnostic Labs Market Report Snapshots

Vietnam Diagnostic Labs Market Size

Vietnam Diagnostic Labs Market Regional Analysis

Vietnam Diagnostic Labs Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of about USD 1,229.01 million in 2023, driven by the growing incidence of chronic diseases across the region.

The market is anticipated to grow at a CAGR of 6.50% during the forecast period of 2024-2032, likely to reach a market value of USD 2,166.22 million by 2032.

The market demand is driven by the rising support and investment from the government towards the development of the healthcare sector and facilities along with rising prevalence of chronic illnesses especially in the geriatric population.

The major market trend revolves around the advent of new and advanced technologies to improve the quality of services. In December 2023, Siemens Healthineers and S.I.S Hospital, a pioneering private healthcare hospital in Vietnam collaborated to bring NAEOTOM Alpha, world’s first FDA approved Photon-Counting CT Scanner into the Vietnamese healthcare landscape.

Based on provider types, the market is divided into hospital based and stand-alone diagnostic labs.

Pathology and radiology are common test types.

Major end users include referrals, walk-ins, and corporate clients.

Based on region, Northern and Central, Western, Southern and Eastern parts.

Key players involved in the market are Medical Laboratory and Technology Co. Ltd., Medic Medical Diagnostic Center, Lab Group International Vietnam Co. Ltd., HI-Medic Laboratory Co., Ltd., Chemedic Test Center, Vietnam Lab Testing Center (Labo TH Viet Nam), Vietlife Medicine Joint Stock Company, Hoan My Medical Corporation, Plus Diagnostics (d+) and Medlab Vietnam.

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