Vietnam Cancer Immunotherapy Market Analysis

Vietnam Cancer Immunotherapy Market Analysis


$ 3999

Vietnam's cancer immunotherapy market is expected to grow from $563 Mn in 2022 to $991 Mn in 2030 with a CAGR of 7.3% for the forecasted year 2022-30. The rise in the prevalence of cancer and the increasing health expenditures in Vietnam are driving the growth of the market. The Vietnam cancer immunotherapy market is segmented by type, application, and end user. Imexpharm, Binh Dinh Pharmaceuticals, and Amgen are the major players in the Vietnam cancer immunotherapy market.

ID: IN10VNPH032 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Dr. Parul Choudhary

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Vietnam Cancer Immunotherapy Market Executive Analysis

Vietnam's cancer immunotherapy market is expected to grow from $563 Mn in 2022 to $991 Mn in 2030 with a CAGR of 7.3% for the forecasted year 2022-30. From $16.1 Bn in 2018 to $20 Bn in 2022, healthcare spending in Vietnam increased steadily. It is expected to reach $23.3 Bn in 2025 and $33.8 Bn in 2030. The projections are predicated on a 7.6% compound annual growth rate (CAGR). The government's initiatives to make healthcare more accessible and cheaper, the ageing population of the nation, increased awareness of healthcare needs, and rising earnings all contribute to this expansion.

Out of 185 countries and territories, Vietnam had the 92nd highest cancer rate in the world in 2020, moving up seven spots from 2018. In 2020, Vietnam had a cancer rate of 159.7 per 100,000 people, putting it 16th in Asia in the International Agency for Research on Cancer (IARC)'s biennial rating. In 2020, Vietnam recorded 182,563 new instances of cancer, with liver cancer accounting for 14.5% of all new cases. Lung cancer (14.4%), female breast cancer (11.8%), stomach cancer (9.8%), and colorectal cancer (9%) were the next most prevalent cancers.

Checkpoint inhibitors are drugs that are used in immunotherapy to help the immune system recognize and target cancer cells that have hidden their identities. They may be used with chemotherapy or used independently. Lung cancer is just one of the many types of cancer for which immunotherapy is beneficial. Patients with advanced lung cancer may receive immunotherapy as a first-line treatment or after receiving other forms of therapy such as surgery, chemotherapy, or radiation. Additionally, it could be made available to patients whose tumours express Programmed Death-Ligand 1 (PDL1) at higher levels because this could indicate a better prognosis for immunotherapy. Any organ is theoretically vulnerable to being affected by immunotherapy, which can occasionally lead to an overstimulated immune response in which the immune system targets the patient's organs, such as the lungs, liver, and colon. Immunotherapy often has more advantages than disadvantages. Long-term control is attainable even in patients with stage 4 tumours because the five-year survival rate for lung cancer patients responding to immunotherapy is in the range of 30%, compared to 5% without immunotherapy. This results in increased longevity and a high standard of living.

Vietnam Cancer Immunotherapy Market Analysis

Market Dynamics

Market Growth Drivers

Vietnam is seeing an increase in the prevalence of cancer, which is driving up demand for efficient cancer therapies like immunotherapy. The Vietnamese government has put laws in place to promote access to healthcare, particularly cancer immunotherapy, and has acknowledged the significance of cancer treatment. The cost of healthcare is anticipated to rise as Vietnam's economy develops, which would result in a rise in demand for cancer immunotherapy therapies and consequently the growth of Vietnam's cancer immunotherapy market.

Market Restraints

The cost of cancer immunotherapy therapies may prevent many patients in Vietnam from receiving them. Vietnam's healthcare system is still being developed, which may restrict patients’ access to the availability of cancer immunotherapy treatments. It's possible that many patients and healthcare professionals in Vietnam are unaware of the advantages of cancer immunotherapy or lack the information necessary to employ these treatments successfully. The Vietnam cancer immunotherapy market may have growth restrictions due to the continued usage of conventional cancer therapies including chemotherapy and radiation therapy in Vietnam.

Competitive Landscape

Key Players

  • Nanogen Pharmaceutical (VNM)
  • OPC Pharmaceutical (VNM)
  • Pymepharco (VNM)
  • Imexpharm (VNM)
  • Binh Dinh Pharmaceutical (VNM)
  • Amgen
  • AstraZeneca
  • Bayer
  • Bristol-Myers Squibb
  • ELI Lilly
  • F Hoffman-La Roche

Healthcare Policies and Regulatory Landscape

Patients with cancer are covered by a variety of treatments under the Vietnamese health insurance system, including chemotherapy, radiation therapy, and surgery. The Ministry of Health added various immunotherapies, including pembrolizumab and nivolumab, for the treatment of specific forms of cancer to the list of cancer treatments that are covered by health insurance in 2020. Despite the fact that some cancer therapies may not be covered by health insurance, patients may still be required to pay for some treatments out of their own pockets. Additionally, based on the region and healthcare facility, access to and availability of cancer treatments, including immunotherapy, may differ. The Vietnamese government has put measures into place to solve these problems, which include building new healthcare facilities, expanding the number of healthcare practitioners, and spending money on medical technology and equipment. In addition, the government has put measures into place to encourage the growth of the domestic pharmaceutical industry and to lower the price of healthcare services.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Cancer Immunotherapy Segmentation

By Type (Revenue, USD Billion):

  • Monoclonal Antibodies
  • Cancer Vaccines
  • Checkpoint Inhibitors
  • Immunomodulators
  • PD-1/PD-L1
  • CTLA-4

By Application (Revenue, USD Billion):

  • Lung Cancer
  • Breast Cancer
  • Head and Neck Cancer
  • Prostate Cancer
  • Colorectal Cancer
  • Melanoma
  • Others

By End User (Revenue, USD Billion):

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers (ASCs)
  • Cancer Research Centers

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.

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Imexpharm, Binh Dinh Pharmaceuticals, and Amgen are the major players in the Vietnam cancer immunotherapy market.

The Vietnam cancer immunotherapy market is expected to grow from $563 Mn in 2022 to $991 Mn in 2030 with a CAGR of 7.3% for the forecasted year 2022-2030.

The Vietnam cancer immunotherapy market is segmented by type, application, and end user.


Last updated on: 29 June 2023
Updated by: Ritu Baliya

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