Vietnam Medical Digital Imaging System Market Report 2023 to 2030

Vietnam Medical Digital Imaging System Market Analysis

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The Vietnam Medical Digital Imaging System Market was valued at $152.5 Mn in 2023 and is predicted to grow at a CAGR of 8.43% from 2023 to 2030, to $268.73 Mn by 2030. The key drivers of this industry include an aging population, rising disease burden, and government support. The industry is primarily dominated by players such as Siemens Healthineers, GE Healthcare, Philips Healthcare, and Canon Medical Systems among others.

ID: IN10VNDH156 CATEGORY: Digital Health GEOGRAPHY: Vietnam AUTHOR: Aashwi Mehta

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Vietnam Medical Digital Imaging System Market Executive Summary

The Vietnam Medical Digital Imaging System Market was valued at $152.5 Mn in 2023 and is predicted to grow at a CAGR of 8.43% from 2023 to 2030, to $268.73 Mn by 2030.

Medical digital imaging systems comprise various technologies employed in healthcare to create visual representations of the body's internal structures for clinical analysis and medical interventions. These systems have evolved considerably and are crucial in contemporary medicine, assisting in the diagnosis and treatment of diseases. Medical imaging encompasses ultrasound, x-rays, computed tomography (CT scans), Magnetic Resonance Imaging (MRI), and nuclear medicine technologies.

As of 2021, Vietnam had 0.9 magnetic resonance imaging (MRI) units per Mn people. The market is driven by significant factors like an growing aging population, rising disease burden, and government support. However, data security and privacy concerns, limited access, and regulatory barriers restrict the growth and potential of the market.

Prominent players in this field include Siemens Healthineers, GE Healthcare, Philips Healthcare, and Canon Medical Systems among others.

Vietnam Medical Digital Imaging System Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Growing Aging Population: The significant demographic shift towards rapid aging in Vietnam, with individuals aged 60 and older projected to surpass 25% of the population by 2050, drives demand for medical digital imaging technologies. This transition towards an aging society by 2036 underscores the growing healthcare requirements of the elderly, including the need for advanced imaging solutions to diagnose and manage conditions effectively.

Rising Disease Burden: High mortality rates from stroke, ischemic heart disease, diabetes, chronic obstructive pulmonary disease, lung cancer, and tuberculosis, with Vietnam experiencing a >400% spike in tuberculosis cases in 2022, drive demand for advanced medical digital imaging technologies to improve diagnostics and treatments effectively.

Government Support: Government efforts to modernize healthcare facilities and enhance diagnostic capabilities are driving the adoption of digital imaging technologies in Vietnam. This serves as a market driver by fostering an environment conducive to the implementation of advanced medical imaging solutions, thereby improving healthcare delivery and patient outcomes across the country.

Market Restraints

Data Security and Privacy Concerns: Stringent adherence to local regulations and addressing patient concerns about data security and privacy in digital imaging systems require significant efforts, potentially delaying adoption rates and hindering market growth.

Limited Access: The uneven availability of healthcare facilities and infrastructure across rural and urban areas may limit remote regions' access to digital imaging technologies. This disparity acts as a market restraint for the medical digital imaging systems market in Vietnam, potentially reducing overall adoption rates and market penetration of these technologies nationwide.

Regulatory Barriers: Complex regulatory processes and approval requirements may slow down the entry of new digital imaging technologies into the market. This acts as a market restraint for the medical digital imaging market in Vietnam by potentially delaying the availability of advanced technologies, thereby impeding innovation adoption and hindering market growth.

Regulatory Landscape and Reimbursement Scenario

Medical devices in Vietnam, including digital imaging systems, are regulated by the Department of Medical Equipment and Construction (DMEC) under the Ministry of Health (MOH). New regulations for medical device registration were introduced in Decree No. 98/2021, effective from January 1, 2022, replacing previous decrees. Under these updated regulations, medical devices are categorized into four risk classes (A-D) based on their intended use and risk level, with Class C and D devices, including digital imaging systems like X-ray, MRI, and ultrasound, requiring registration. The Ministry of Health oversees the reimbursement of medical services, including diagnostic imaging. Under the government-run health insurance program, eligible patients receive partial coverage for medical treatments, including diagnostic imaging procedures like X-rays, CT scans, and MRIs.

Competitive Landscape

Key Players

Here are some of the major key players in the Vietnam Medical Digital Imaging System Market:

Siemens Healthineers
GE Healthcare
Philips Healthcare
Canon Medical Systems
Fujifilm
Shimadzu
Konica Minolta
MediGroup Vietnam
Hitachi Medical
VinBrain

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

Vietnam Medical Digital Imaging System Market Segmentation

By Type

X-Ray
MRI
CT scan
Ultrasound
Others

By Technology

2D Imaging System
3D/4D Imaging System

By Application

Orthopedics
Oncology
Cardiology
Neurology
Others

Methodology for Database Creation

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How Do We Get It?

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Searching through academic conferences, published research, citations, and social media platforms
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Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
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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.
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