Vietnam Medical Information Market Analysis

Vietnam Medical Information Market Analysis


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Vietnam medical information market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The market is anticipated to grow due to the increase in demand for the creation of new drugs, the creation of technologically advanced healthcare solutions, and the ease with which information about healthcare products can be accessed. The major key players in this market are Accenture Plc, Change Healthcare Inc., Cognizant Technology Solutions Corp., Ergomed Plc, HCL Technologies Ltd., Infosys Ltd., IQVIA Holdings Inc., MakroCare, Parexel International Corp., ProPharma Group Holdings LLC.

ID: IN10VNPH330 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Dr. Medha Sansanwal

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Vietnam Medical Information Market Analysis Summary

Vietnam Medical Information Market is valued at around $15.9 Mn in 2022 and is projected to reach $28.6 Mn by 2030, exhibiting a CAGR of 7.59% during the forecast period 2023-2030.

Medical Information (MI) services are a valuable resource for information for the pharmaceutical industry. It offers rarely accessible information regarding their items. Examples include documentation on the availability and usage of unlicensed or experimental medications, unpublished stability data, and excipient information for commercial drugs. The rate of Covid-19 infections is increasing, which is causing the research and development activities to speed up. The bulk of pharmaceutical manufacturers handle MI management tasks internally; some contract out a portion of the work to outside vendors. Manufacturers choose to outsource MI duties to CROs in response to mounting demand from regulatory agencies and to cut overall operating costs. The market is anticipated to grow due to the increase in demand for the creation of new drugs, the creation of technologically advanced healthcare solutions, and the ease with which information about healthcare products can be accessed. The major key players in this market are Accenture Plc, Change Healthcare Inc., Cognizant Technology Solutions Corp., Ergomed Plc, HCL Technologies Ltd., Infosys Ltd., IQVIA Holdings Inc., MakroCare, Parexel International Corp., ProPharma Group Holdings LLC.

Market Dynamics

Market Growth Drivers

Patients are more likely to seek medical advice if healthcare costs are rising and drug side effects are becoming more well known. Use of social media to discuss side effects, components, and other drug-related information is growing. The market is growing as a result of more clinical studies being conducted and the high incidence of chronic diseases. The escalating expenditures of pre-clinical research, drug development, clinical trials, and post-marketing surveillance are the main causes of the increased demand for medical information services that are outsourced.

Market Restraints

Since medical information comprises sensitive and private data, privacy and security are crucial. In the US, it can be challenging to guarantee adherence to requirements like the Health Insurance Portability and Accountability Act (HIPAA). Maintaining data integrity and protecting against unauthorised access, breaches, or cyberattacks are still severely constrained. Privacy and security are essential since medical information contains sensitive and private information. In the US, ensuring compliance with regulations like the Health Insurance Portability and Accountability Act can be difficult. The ability to protect against breaches, hacks, and unauthorised access while maintaining data integrity is still severely limited.

Competitive Landscape

Key Players

  • Accenture Plc
  • Change Healthcare Inc.
  • Cognizant Technology Solutions Corp.
  • Ergomed Plc
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • IQVIA Holdings Inc.
  • MakroCare
  • Parexel International Corp.
  • ProPharma Group Holdings LLC

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

Vietnam Medical Information Market Segmentation

By Service Provider

  • In house
  • Contract outsourcing

By Therapeutic Area

  • Oncology
  • Neurology
  • Cardiology
  • Immunology
  • Others

By Company Size

  • Small
  • Medium
  • Large Scale

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.

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Last updated on: 27 February 2024
Updated by: Dhruv Joshi

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