The Clinical Laboratories Market in Vietnam expected to grow at a CAGR of ~10.4% owing to Rising with Health-Tech, Backing from Global Funds and Angels and Government Policies: Ken Research

    Richa Sharma

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    Vietnam Clinical Laboratories Market is at growing stage and has moderately fragmented market with about 10-12 organized lab chains and 7-8 Private Hospital Chains. The Clinical Laboratories Market in the Vietnam has seen emergence of more than 20-30 players over the past 5 years. Medic-Lab and Diag Laboratories are market leaders for Independent Lab Chains and Hoan My and FV Hospital for Private Hospitals.

    • The Post-Covid comorbidities would contribute to major part of Testing revenue for the next 12-24 months in the market. Tests like D-dimer, Embolism, Myoglobin shall be essential.
    • The behavioral trend among patients in Vietnam has changed and they have grown more concerned about their health which could drive revenues in the future.
    • Privatization of Healthcare would imply that Healthcare becomes more expensive and thereby drive Revenue for the overall market in Vietnam.

    Brand Building Initiatives: In order to differentiate their offerings, quality, and test accuracy, all major diagnostic retailers are investing in their brand building & marketing campaigns. Advertisement campaigns, healthcare camps, and wellness & preventive test packages are being launched under their own brands. Considering the competitive nature of the market, they focus on repeat sales and turning referrals into owned clients.

    Emergence of Startups: The Healthcare segment in Vietnam has seen the emergence of a number of startups offering pharmaceutical delivery, online consultation and health check-ups and other services. The clinical laboratories may associate with the likes of eDoctor, Hello BacSi for doctor referrals on diagnostic tests. The angels and VCs have also recently shown interest in the Vietnam Health-Tech market which could mark high growth for the sector.

    Change in Consumption Habits: The general population’s consumption habits now include Healthcare as an essential component. More people are enrolled in the Social Health Insurance program and Private Health Insurance as well owing to the rising income. They are availing better facilities at the Private Hospitals and best Clinical Laboratories available.

    Analysts at Ken Research in their latest publication Vietnam Clinical Laboratories Market Outlook to 2027F- Driven by Private Hospitals driving the future of Healthcare and Clinical Tests in Vietnam by Ken Research observed that Clinical Laboratories market is an emergent healthcare market in Vietnam at a growing stage from the economic crisis after pandemic. The rising government policies and consumption habits of Vietnamese patients, growth of Health-Tech and digital adoption along with rise of new technologies is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.4% CAGR during 2022-2027F owing to Increasing Awareness, Rising Disposable Income and new government policies.

    vietnam-clinical-lab-market

    Key Segments Covered in the report

    Vietnam Clinical Laboratories Market

    By Type of Labs

    Independent Labs

    Private Hospital Labs

    Public Hospital Labs

    By Independent Labs

    Organized Labs

    Unorganized Labs

    By Private Hospital Labs

    In-House Labs

    Third Party Tie-Ups

    By End-User

    Corporate Clients

    Walk-Ins

    Doctor Referrals

    Online Referrals

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    By Payor

    Out-of-Pocket

    Corporate Insurance

    Private Insurance

    Universal Health (Vietnam Govt.)

    By Type of Tests

    Pathology

    Radiology

    By Region

    Northern

    Southern

    Central

    By Age

    0-20

    20-40

    40-60

    Above 60

    Key Target Audience

    Clinic Service Providers

    Clinic Equipment Distributors

    Clinic Equipment Manufacturers

    Clinics

    Hospitals

    Healthcare Companies

    Pharmaceutical Companies

    Tourism Agencies

    Government Bodies & Regulating Authorities

    Market Research and Consulting Firms

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    Time Period Captured in the Report:

    Historical Period: 2016-2022P

    Base Period: 2022P

    Forecast Period: 2023F-2027F

    Companies Covered

    Medic-Lab

    Diag Laboratories

    Chemedic Joint Stock Company

    Labo TH Vietnam

    FV Hospital

    HONG NGOC

    Vin Mec

    Omron

    Abbott

    Terumo

    Siemens

    Key Topics Covered in the Report

    Cross Comparison of Clinical Laboratories Market in Vietnam with Other Countries

    Ecosystem of Clinical Laboratories Market in Vietnam

    Evolution of Independent Clinical Laboratories Market in Vietnam

    Value Chain of Clinical Laboratories Market in Vietnam

    Market Size of Clinical Laboratories Industry in the Vietnam on the basis of Revenue, 2017-2022P

    Market Segmentation of Clinical Laboratories Market in Vietnam, 2022P

    Trends and Developments in Vietnam Clinical Laboratories Market

    Key Challenges in Vietnam Clinical Laboratories Market

    SWOT Analysis: Vietnam Clinical Laboratories Market

    Growth Drivers of Vietnam Clinical Laboratories Market

    Impact of Covid-19 on Vietnam Clinical Laboratories Market

    Vietnam Clinical Laboratory Setup Procedure

    Next Generation Laboratory Technology Trends

    Competition Scenario for Vietnam Clinical Laboratories Market

    Market Positioning Analysis for Clinical Laboratories Market in Vietnam

    Market and Competitor Analysis by comparing Industry Growth

    Pricing Analysis of Market players

    Future Outlook and Projections, 2023E-2026E

    Analyst Recommendations

    For more insights on the market intelligence, refer to the link below:-

    Vietnam Clinical Laboratories Market

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    Philippines Clinical Laboratory Market Outlook to 2027F

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