Vietnam Electronic Health Records Market Report 2022 to 2030

Vietnam Electronic Health Records Market Analysis

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Vietnam's Electronic Health Record (EHR) market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. Vietnam's EHR market growth is due to the government working on improving the legal framework for healthcare IT systems to ensure data security and privacy. The market is segmented, by application type, and end user. The key market players are FPT, Tri Viet, Allscripts, Cerner, and others.

ID: IN10VNDH008 CATEGORY: Digital Health GEOGRAPHY: Vietnam AUTHOR: Chandani Patel

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Vietnam Electronic Health Record (EHR) Market Executive Summary

Vietnam's Electronic Health Record (EHR) market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. Vietnam has a publicly-funded healthcare system, with the government being the main source of healthcare financing. The country has been increasing healthcare expenditure in recent years, with the total healthcare expenditure as a percentage of GDP increasing from 4.3% in 2010 to 6.3% in 2019, according to data from the World Bank.

Vietnam's government has been working on implementing EHR systems in its healthcare system. In 2019, the government announced the plan to implement an EHR system for the entire country by 2025. The government aims to establish a national EHR system that would allow for the sharing of patient information between different healthcare providers and to improve the quality of care and patient safety.

The EHR market in Vietnam is expected to grow in the coming years, driven by government initiatives to improve the healthcare system, increasing healthcare expenditure, and the rising adoption of EHR by private hospitals. The government's plan to build a national EHR system would create a huge market opportunity for EHR companies to provide software and services to the Vietnamese healthcare system. Furthermore, the rise in healthcare expenditure and increasing demand for better and more efficient healthcare services will also lead to an increase in the adoption of EHR systems.

Market Dynamics

Market Growth Drivers

The Vietnamese government has announced plans to implement an EHR system for the entire country by 2025 and establish a national EHR system that would allow for the sharing of patient information between different healthcare providers and to improve the quality of care and patient safety. Additionally, the country has been increasing healthcare expenditure in recent years, with the total healthcare expenditure as a percentage of GDP increasing from 4.3% in 2010 to 6.3% in 2019. Moreover, as the private sector is expanding in Vietnam, private hospitals are adopting EHR systems to improve the quality of care and patient safety.

Vietnam has a rapidly growing economy and population. This is expected to lead to an increase in demand for healthcare services, and in turn, an increase in the adoption of EHR systems. Also, the government is promoting digitalization initiatives in various sectors, including healthcare, to improve the efficiency and quality of services.

Market Restraints

Due to lack of funding, lack of technical expertise, and resistance to change among healthcare providers. In addition, data security and privacy concerns are major concerns in the healthcare industry, and these concerns may limit the growth of the EHR market in Vietnam.

Competitive Landscape

Key Players

VITEC (VNM)
Viettel (VNM)
FPT (VNM)
Tri Viet (VNM)
Allscripts
Cerner
Epic Systems
McKesson
Meditech
GE Healthcare
Siemens Healthineers

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In Vietnam, electronic health record (EHR) regulations are primarily established and enforced by the Ministry of Health (MOH) and the Department of Health Information and Communication Technology (DHICT). These organizations are responsible for setting standards and guidelines for the use of EHRs in the country's healthcare system, including data privacy and security.

The main legal framework for EHRs in Vietnam is the Law on Medical Examination and Treatment, and the Law on Health Examination and Treatment. These laws establish the rules for the collection, storage, and use of personal data, including patient data in EHR systems.

In 2019, the government announced the plan to implement an EHR system for the entire country by 2025. The government aims to establish a national EHR system that would allow for the sharing of patient information between different healthcare providers and to improve the quality of care and patient safety. The regulations for EHR systems also include guidelines for data security, data exchange, and data governance, in order to protect the patient's data and ensure that the data is accurate and complete.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 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

Electronic Health Records Market Segmentation

By Product (Revenue, USD Billion):

Web-based and cloud-based software is more affordable since it saves on additional costs like license fees, regular upgrades, and device upkeep. Additionally, it reduces the need for IT workers because SaaS providers help with software installation, configuration, testing, operation, and upgrades. The cost-effectiveness of cloud-based EHR systems in small healthcare organizations will therefore fuel developments as well as the expansion of the category. MHealth services

Web/Cloud-based EHR software
On-premise EHR software

By Application Type (Revenue, USD Billion):

Large amounts of patient health data may be stored and processed by EHRs, which aids doctors in automating both financial and operational operations with rapid and simple access. Therefore, integrated EHR and practice management software navigates all tasks, making it easier for front-line healthcare providers to do their jobs, and will therefore drive the segment's revenue during the anticipated time period.

E-prescription
Practice management
Referral management
Patient management
Population health management

By End User (Revenue, USD Billion):

By 2027, the category of ambulatory surgical centres is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centres' growing preference for digital technologies to efficiently manage workflow. These are outpatient facilities offering planned surgeries and same-day surgical services.

Hospitals
Specialty centers
Clinics
Ambulatory surgical centers
Others

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.