Vietnam Palliative Care Market Analysis Report [2022-30]

Vietnam Palliative Care Market Analysis

$ 3999

The Vietnam Palliative care market is projected to grow from $65.4 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The main factors driving the growth would be improving the healthcare industry, growing awareness about palliative care, the rapidly aging population, and the increasing prevalence of chronic diseases. The market is segmented by service type and by the end user. Some of the major players include Bach Mai Hospital, FV Hospital, Cho Ray Hospital, and Hue Central Hospital.

ID: IN10VNHS013 CATEGORY: Healthcare Services GEOGRAPHY: Vietnam AUTHOR: Neha Davda

Buy Now

Vietnam Palliative Management Market Executive Summary

The Vietnam Palliative care market is projected to grow from $65.4 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Vietnam saw a rise in healthcare spending as a proportion of its GDP in 2019, going from 5.03% to 5.25%. The economic and demographic developments that Vietnam is currently experiencing provide the country's healthcare industry with tremendous potential.

Palliative care improves the quality of life for patients with terminal illnesses and their families. By effectively diagnosing and treating pain with other disorders, such as mental, physical, and spiritual illnesses, palliative care services seek to both prevent and relieve suffering. Palliative care also assists patients and those who provide for them by using a collaborative approach. This entails giving them a network of support and attending to their material needs in order to help them live as completely as they can until they pass away. Cancer, chronic respiratory diseases, diabetes, kidney failure, chronic liver disease, and other ailments require palliative care.

The rise of the palliative care market in the Asia-Pacific region is projected to be fueled by the growing emphasis of prominent palliative care service providers on developments in developing Asia-Pacific countries in order to achieve a sizable market share.

Market Dynamics

Market Growth Drivers

The Vietnam palliative care market is expected to be driven by factors such as improving the healthcare industry, growing awareness about palliative care, and increasing the prevalence of chronic diseases. Moreover, Vietnam is on the transition peak of a dramatic aging of the population which will further expand the market.

Market Restraints

Limited reimbursement policies and insurance coverage, shortage of palliative care professionals, and lack of standardization in the services are expected to limit the growth of the palliative care market in the country.

Competitive Landscape

Key Players

Bach Mai Hospital (VNM)
FV Hospital (VNM)
Cho Ray Hospital (VNM)
Hue Central Hospital (VNM)

Notable Recent Deals

April 2022: The American Chiropractic Clinic's (ACC) ownership by FV Hospital has been formally announced. As an FV member, ACC will further enhance its medical examination and treatment services to give patients more access to FV Hospital and more treatment alternatives, enabling more people to benefit from the facilities and network of FVH.

Healthcare Policies and Regulatory Landscape

The regulatory environment and healthcare regulations for the palliative care market in Vietnam are currently being developed. The nation is now working to increase patient access to palliative care services for those with life-limiting illnesses and to guarantee the quality of these treatments. The Vietnamese government has prioritized palliative care in its national healthcare plan in recognition of its significance. Initiatives have been made to train medical personnel in palliative care and increase the number of palliative care centers around the nation.

Reimbursement Scenario

For patients in Vietnam to have access to palliative care services, reimbursement rules are essential. Vietnam currently has a few, inadequate reimbursement rules for palliative care. Although attempts are still being made, the government has been attempting to provide thorough reimbursement guidelines to cover the costs of palliative care treatments. In the interim, the majority of patients are responsible for covering the costs of their own palliative care, which can be a huge financial hardship for many families.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market 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 Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Palliative Care Market Segmentation

By Service Type (Revenue, USD Billion):

Based on service type, the Vietnam palliative care market is divided into the following:

Private residence care
Hospice inpatient care
Hospital inpatient care
Nursing home and residential facility care
Others

By End User (Revenue, USD Billion):

Based on end-user type, the Vietnam palliative care market is divided into the following:

Hospitals
Home Care Settings
Palliative Care Centers
Long-Term Care Centers & Rehabilitation 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.