The Medical Device Market: Vietnam

Published : April 2013
No. of Pages : 66

Price:

A new law was passed in November 2008, which took effect in October 2009, making health insurance compulsory for all citizens. The government hopes to achieve total coverage by 2014. Under the new law, there are three levels of benefits under health insurance schemes, the first level covers all or 100% of expenses at nominated medical facilities, while the other two levels will cover 95% and 80% of the expenses respectively with the patient making up the rest. In December 2012, the Ministry of Health and the Vietnam Social Insurance company announced that around 30 million people still did not have health insurance; the latest estimates show that around 65% of the population has medical cover.

The government has pledged 45.2 trillion Dong (US$2.5 billion) to build or upgrade specialty hospitals and some provincial-level general hospitals in mountainous and other disadvantaged areas in the 2009-2013 period. In its 2013 Healthcare budget, of 81.9 trillion Dong (US$3.9 billion), the government has pledged to reduce overload of patients at hospitals through the provision of new facilities.

The private healthcare sector in Vietnam has expanded since the lifting of the ban on private practice in 1989. People often choose to use private facilities, if they can afford to do so, as the quality of state healthcare provision is very poor. According to latest data for 2011, an estimated 61.7% of healthcare expenditure was private.

In 2011, an estimated 93% of the medical device market was supplied by imports, and the sector is growing rapidly. Singapore, Japan, Germany and China are the leading suppliers, accounting for 50% of imports in 2011. Local production is limited to basic items such as syringes and hospital beds. The value of exports reached US$420.9 million in 2011, with 34.2% of medical products exported to Japan. The value of exports has been growing fast, as overseas companies, mainly Japanese, use the country as a manufacturing base.

Vietnam receives a large amount of international aid in the form of loans and donated medical equipment. A number of small projects are currently taking place in Vietnam, including those funded by the World Bank and the EU. The country became a WTO member in 2007.

In 2012, the Vietnamese market for medical equipment and supplies is estimated at US$634 million, or just over US$7 per capita. It is expected that the device market will continue to expand strongly at 18.6% per annum to 2017. This will take the Vietnamese market to around US$1.5 billion in 2017, although the per capita rate will remain low at only US$15.8.

Table Of Contents

Executive Summary 1

Key Background Data 3
Geographic 3
Political 3
Economic 3
Healthcare System 4
Health Insurance in Vietnam 5
Health Expenditure 5

Market Developments 7
University Develops Kidney Dialysis Equipment 7
Termuo Corporation to Construct a Manufacturing Plant 7
Hospitals’ Access to Finance Facilitated by a Change in Law 7
Orthopaedic Hospital Opened in Dong Nai 7
Construction of Specialist Cancer Centre Begins 7
Additional Funds for Healthcare Facilities in the Islands 7
VMS' Equips Vietnam Hospital with Radiotherapy Systems 7
Major World Bank Project in the Pipeline 8

Medical Market Analysis 9
Overview 9
The Market in 2012 10
Past Performance 2007-11 11
Future Performance 2012-17 12
The Vietnamese Market for Consumables 18
The Vietnamese Market for Diagnostic Imaging 20
The Vietnamese Market for Dental Products 22
The Vietnamese Market for Orthopaedic & Prosthetic Products 24
The Vietnamese Market for Patient Aids 26
The Vietnamese Market for Other Medical Devices 28

Annual Imports 30
Consumables 31
Diagnostic Imaging 31
Dental Products 31
Orthopaedic & Prosthetic Products 31
Patient Aids 31

Monthly Imports 42

Annual Exports 43
Consumables 44
Diagnostic Imaging 44
Dental Products 44
Orthopaedic & prosthetic Products 44
Patient Aids 44

Monthly Exports 55

Domestic Production 56

Domestic Manufacturing 57
National Manufacturers 57
Multinational Manufacturers 57
Mediplast 57
B Braun 57
Shimadzu 57
Sonion 57
Terumo 58

Multinational Activity 59

Accessing the Market 60
Distribution 60

Medical Device Regulations 61

Methodology & Sources 62
Trade Code Classifications 62
Methodology 64
Sources 65

List Of Tables

Espicom Analysis of the Vietnam Medical Market, 2013 2
Summary of Key Data Projections, 2013-18 4
Summary of Key Data, 2006-12 6
Vietnamese Medical Device Market, Key Ratios, 2012 10
Vietnamese Medical Device Market by Category, 2012 10
Projected Medical Device Market, 2012-17 12
The Vietnamese Medical Device Market, 2007-17 (US$ millions) 14
The Vietnamese Medical Device Market, 2007-17 (US$ per capita) 15
The Vietnamese Medical Device Market, 2007-17 (% of Total) 16
The Vietnamese Medical Device Market, 2007-17 (% Change) 17
The Vietnamese Consumables Market, 2007-17 (US$ millions) 18
The Vietnamese Consumables Market, 2007-17 (US$ Per Capita) 18
The Vietnamese Consumables Market, 2007-17 (% Change) 18
The Vietnamese Diagnostic Imaging Market, 2007-17 (US$ millions) 20
The Vietnamese Diagnostic Imaging Market, 2007-17 (US$ Per Capita) 20
The Vietnamese Diagnostic Imaging Market, 2007-17 (% Change) 21
The Vietnamese Dental Products Market, 2007-17 (US$ millions) 22
The Vietnamese Dental Products Market, 2007-17 (US$ Per Capita) 23
The Vietnamese Dental Products Market, 2007-17 (% Change) 23
The Vietnamese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions) 24
The Vietnamese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita) 24
The Vietnamese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 25
The Vietnamese Patient Aids Market, 2007-17 (US$ millions) 26
The Vietnamese Patient Aids Market, 2007-17 (US$ Per Capita) 26
The Vietnamese Patient Aids Market, 2007-17 (% Change) 26
The Vietnamese Other Medical Devices Market, 2007-17 (US$ millions) 28
The Vietnamese Other Medical Devices Market, 2007-17 (US$ Per Capita) 28
The Vietnamese Other Medical Devices Market, 2007-17 (% Change) 28
Summary Medical Imports by Product Area, 2007-11 (US$000s) 31
Summary Medical Imports by Product Area, 2007-11 (US$000s % Change) 32
Summary Medical Imports by Product Area, 2007-11 (VND 000s) 32
Summary Medical Imports by Product Area, 2007-11 (VND % Change) 33
Summary Medical Imports by Product Area, 2007-11 (% of Total) 34
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 35
Top 20 Suppliers to the Vietnamese Market, 2011 (US$000s) 36
Detailed Imports of Medical Equipment, 2007-11 (US$000s) 37
Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends) 38
Detailed Imports, Leading Suppliers, 2011 (US$000s) 40
Monthly Imports of Medical Equipment (US$Millions) 42
Summary Medical Exports by Product Area, 2007-11 (US$000s) 45
Summary Medical Exports by Product Area, 2007-11 (US$000s % Change) 45
Summary Medical Exports by Product Area, 2007-11 (VND 000s) 46
Summary Medical Exports by Product Area, 2007-11 (VND % Change) 46
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 47
Top 20 Destinations for Vietnamese Medical Exports, 2011 (US$000s) 48
Exports of Medical Equipment, 2007-2011 (US$000s) 49
Medical Equipment Export Trends 51
Leading Destinations, 2011 53
Monthly Exports of Medical Equipment (US$Millions) 55
MOH-owned Manufacturing Companies 57
HS Trade Codes Used in This Report 62
HS Trade Codes, Rearranged 63

List Of Charts

Vietnamese Health Expenditure Per Capita, 2001-2011 (US$) 5
Vietnamese Medical Device Market by Category, 2012 (%) 11
Change in the Vietnamese Medical Device Market, 2007-17 (%) 11
CAGR of the Vietnamese Medical Device Market by Product Area, 2007-11 (%) 12
Market Projections, 2012-17 (US$ millions) 13
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%) 13
The Vietnamese Market for Consumables, 2007-17 (US$ millions) 19
The Vietnamese Market for Consumables, 2007-17 (CAGR) 19
The Vietnamese Market for Diagnostic Imaging, 2007-17 (US$ millions) 21
The Vietnamese Market for Diagnostic Imaging, 2007-17 (CAGR) 22
The Vietnamese Market for Dental Products, 2007-17 (US$ millions) 23
The Vietnamese Market for Dental Products, 2007-17 (CAGR) 24
The Vietnamese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions) 25
The Vietnamese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 25
The Vietnamese Market for Patient Aids, 2007-17 (US$ millions) 27
The Vietnamese Market for Patient Aids, 2007-17 (CAGR) 27
The Vietnamese Market for Other Medical Devices, 2007-17 (US$ millions) 29
The Vietnamese Market for Other Medical Devices, 2007-17 (CAGR) 29
Medical Imports, 1996-2011 (US$ 000s) 30
Change in Imports of Medical Equipment & Supplies, 1997-2011 (%) 30
CAGR of Medical Imports by Product Area, 2007-11 (%) 33
Leading Medical Equipment Suppliers, 2011 (%) 35
Exports of Medical Equipment & Supplies, 2003-2011 (US$000s) 43
Change in Exports of Medical Equipment & Supplies, 2004-2011 (%) 44
Leading Medical Equipment Destinations, 2011 (%) 48

The Medical Device Market: Vietnam

Published By: Espicom Limited

Price:

How to Purchase

Purchase products from our site in 5 easy steps. Please follow the description given below to complete your purchase process.

Step 1:

Select the report title of your interest, and Click on Buy Now button next to the Price option.

Step 2:

You will arrive at the Purchase page, where you will be requested to Signup (New User) or Login (Registered User). Please note that in-keeping with the security check on the website, you must submit your full details to avoid any inconvenience arising from incorrectly entered data or counterfeit information.

Step 3:

After SignUp/Login, you will arrive at the Online Invoice Page. Select a Payment option via various methods: Debit Card / Credit Card / by Invoice. MarketReportOnline accepts Visa, MasterCard, American Express and all major credit cards. MarketReportOnline uses ICICI, HDFC, Citibank, American Express & Paypal as our Online Payment Gateway Partners. Clicking on a payment option will take you to the corresponding Payment Gateway page.

Step 4:

Once at the Payment Gateway, please complete the Payment Process to purchase your desired report.

Step 5:

Once you have successfully completed the purchase process, you will receive a confirmation email. You will then either be able to download your report immediately (in PDF Format) from the Account Login button, or the report will be emailed to you directly, depending upon the agreement we have with the publisher. For Orders that are deliverable via email and placed after working hours, the delivery of the reports will be made on the next business day. Please note, if you select purchase by invoice, you will receive your report only once the payment has been received. If you have any queries about how to order, please Contact Us .

sales@marketreportsonline.com + 1 888 391 5441

Using our subscription option, you get access to market research reports and industry data of Industry Profiles market as per your needs. Get the best of Industry Profiles research reports by utilizing your research budgets in an optimum way.
More about our Subscription option

Get Email alerts about market research reports from industries and publishers of your interest: