The Vietnam diagnostic labs market size reached a value of around USD 1154 million in 2023. The market is further expected to grow at a CAGR of 6.50% during the forecast period of 2024-2032, likely to attain a value of around USD 2040 million by 2032.
Diagnostic laboratory or lab is a place where all the diagnostic and screening tests are performed on blood and/or other potential infectious materials from the human body, like saliva, urine, or plasma, among others. Diagnostic labs are important because they aid in the diagnosis and timely treatments. The treatment pathway that the physician might opt for, completely depends on the results from the diagnostic labs as these labs identify the issue.
The growth of the market is primarily being driven by the developing healthcare sector in the region. The region has developed significantly in the past few years and healthcare sector is one of the primary sectors which has been witnessing growth lately. With the rapidly growing economy, the disposable income of the population is growing, leading to the rise of middle-class population in the region. With the rising disposable incomes, people are increasingly inclining towards quality healthcare, which is further adding to the rising demand for diagnostic labs in the region.
The government in the region is also making crucial investments to enhance the already existing facilities and to provide the much-needed push to the healthcare development in the region. The rapid technological advancements across the globe are leading to advanced product launches in the market, which are increasingly getting adopted in Vietnam as well.
Based on type, the market is divided into provider type, test type, end user, and region.
Market Breakup by Provider Type
Market Breakup by Test Type
Market Breakup by End User
Market Breakup by Region
The market for diagnostic labs has been witnessing significant demand since the past few years with the rising prevalence of chronic diseases. The rising population of geriatric population is also a key factor driving the growth of the market. The increasing investment of the government and the key players is also contributing to the growth of the market. The rising awareness about the importance of timely diagnosis has been driving the growth of the market and is likely to continue propelling the growth of the market.
Other key drivers of the market growth include the rising investment by the government, which is emphasising on the healthcare sector with the growing economic development of the region.
Based on regions, the Southern region has been leading the regional market due to the rising number of people going for diagnosis and treatment.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Vietnam diagnostic labs market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Provider Type||
|Breakup by Test Type||
|Breakup by End User||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Vietnam Diagnostic Labs Market Overview
3.1 Vietnam Diagnostic Labs Market Historical Value (2017-2023)
3.2 Vietnam Diagnostic Labs Market Forecast Value (2024-2032)
4 Vietnam Diagnostic Labs Market Landscape
4.1 Vietnam Diagnostic Labs Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Vietnam Diagnostic Labs Product Landscape
4.2.1 Analysis by Provider Type
4.2.2 Analysis by Test Type
5 Vietnam Diagnostic Labs Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Vietnam Diagnostic Labs Market Segmentation
6.1 Vietnam Diagnostic Labs Market by Provider Type
6.1.1 Market Overview
6.1.2 Hospital Based Diagnostic Labs
6.1.3 Stand Alone Diagnostic Labs
6.2 Vietnam Diagnostic Labs Market by Test Type
6.2.1 Market Overview
6.3 Vietnam Diagnostic Labs Market by End User
6.3.1 Market Overview
6.3.4 Corporate Clients
6.4 Vietnam Diagnostic Labs Market by Region
6.4.1 Market Overview
6.4.2 Northern and Central
7 Patent Analysis
7.1 Analysis by Type of Patent
7.2 Analysis by Publication year
7.3 Analysis by Issuing Authority
7.4 Analysis by Patent Age
7.5 Analysis by CPC Analysis
7.6 Analysis by Patent Valuation
7.7 Analysis by Key Players
8 Grants Analysis
8.1 Analysis by year
8.2 Analysis by Amount Awarded
8.3 Analysis by Issuing Authority
8.4 Analysis by Grant Application
8.5 Analysis by Funding Institute
8.6 Analysis by NIH Departments
8.7 Analysis by Recipient Organization
9 Funding Analysis
9.1 Analysis by Funding Instances
9.2 Analysis by Type of Funding
9.3 Analysis by Funding Amount
9.4 Analysis by Leading Players
9.5 Analysis by Leading Investors
9.6 Analysis by Geography
10 Partnership and Collaborations Analysis
10.1 Analysis by Partnership Instances
10.2 Analysis by Type of Partnership
10.3 Analysis by Leading Players
10.4 Analysis by Geography
11 Regulatory Framework
11.1 Regulatory Overview
11.1.1 US FDA
11.1.2 EU EMA
11.1.3 INDIA CDSCO
11.1.4 JAPAN PMDA
12 Supplier Landscape
12.1 Medical Laboratory and Technology Co. Ltd.
12.1.1 Financial Analysis
12.1.2 Product Portfolio
12.1.3 Demographic Reach and Achievements
12.1.4 Mergers and Acquisitions
12.2 Medic Medical Diagnostic Center
12.2.1 Financial Analysis
12.2.2 Product Portfolio
12.2.3 Demographic Reach and Achievements
12.2.4 Mergers and Acquisitions
12.3 Lab Group International Vietnam Co. Ltd.
12.3.1 Financial Analysis
12.3.2 Product Portfolio
12.3.3 Demographic Reach and Achievements
12.3.4 Mergers and Acquisitions
12.4 HI-Medic Laboratory Co., Ltd.
12.4.1 Financial Analysis
12.4.2 Financial Portfolio
12.4.3 Demographic Reach and Achievements
12.4.4 Mergers and Acquisitions
12.5 Chemedic Test Center
12.5.1 Financial Analysis
12.5.2 Product Portfolio
12.5.3 Demographic Reach and Achievements
12.5.4 Mergers and Acquisitions
12.6 Vietnam Lab Testing Center (Labo TH Việt Nam)
12.6.1 Financial Analysis
12.6.2 Product Portfolio
12.6.3 Demographic Reach and Achievements
12.6.4 Mergers and Acquisitions
12.7 Vietlife Medicine Joint Stock Company
12.7.1 Financial Analysis
12.7.2 Product Portfolio
12.7.3 Demographic Reach and Achievements
12.7.4 Mergers and Acquisitions
12.8 Hoan My Medical Corporation
12.8.1 Financial Analysis
12.8.2 Product Portfolio
12.8.3 Demographic Reach and Achievements
12.8.4 Mergers and Acquisitions
12.9 Plus Diagnostics (d+)
12.9.1 Financial Analysis
12.9.2 Product Portfolio
12.9.3 Demographic Reach and Achievements
12.9.4 Mergers and Acquisitions
12.10 Medlab Vietnam
12.10.1 Financial Analysis
12.10.2 Product Portfolio
12.10.3 Demographic Reach and Achievements
12.10.4 Mergers and Acquisitions
13 Vietnam Diagnostic Labs Market - Distribution Model (Additional Insight)
13.2 Potential Distributors
13.3 Key Parameters for Distribution Partner Assessment
14 Key Opinion Leaders (KOL) Insights (Additional Insight)
15 Company Competitiveness Analysis (Additional Insight)
15.1 Very Small Companies
15.2 Small Companies
15.3 Mid-Sized Companies
15.4 Large Companies
15.5 Very Large Companies
16 Payment Methods (Additional Insight)
16.1 Government Funded
16.2 Private Insurance
*Additional insights provided are customisable as per client requirements.
The market attained a value of USD 1154 million in 2023, driven by the rising need for diagnosis.
The market is anticipated to grow at a CAGR of 6.50% during the forecast period of 2024-2032 to attain a value of around USD 2040 million by 2032.
The growth of the market is driven by factors like rising prevalence of diseases and conditions, especially amongst the geriatric population.
The rising support and investment from the government towards the development of the healthcare sector and facilities acts as a key trend for the growth of the market.
The provider types can be categorised into hospital based diagnostic labs and standalone diagnostic labs.
The test types can be segmented into pathology and radiology.
The end-users in the market include referrals, walk-ins, and corporate clients.
The major regional markets include Northern and Central, Western, Southern, and Eastern regions.
The key players in the market can be categorised into Medical Laboratory and Technology Co. Ltd., Medic Medical Diagnostic Center, Lab Group International Vietnam Co. Ltd., HI-Medic Laboratory Co., Ltd., Chemedic Test Center, Vietnam Lab Testing Center (Labo TH Viet Nam), Vietlife Medicine Joint Stock Company, Hoan My Medical Corporation, Plus Diagnostics (d+), and Medlab Vietnam.
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