Reports

Sale

Vietnam Diagnostic Labs Market

Vietnam Diagnostic Labs Market Size, Share, Trends, Report: By Provider Type: Hospital Based Diagnostic Labs, Stand Alone Diagnostic Labs; By Test Type: Pathology, Radiology; By End User: Referrals, Walk-ins, Corporate Clients; Market Dynamics: SWOT Analysis: Porter’s Five Forces Model; Regional Analysis; Supplier Landscape; 2024-2032

Vietnam Diagnostic Labs Market Outlook

The Vietnam diagnostic labs market size was valued at USD 1,229.01 million in 2023, driven by the increasing prevalence of chronic diseases across the region. The market is expected to grow at a CAGR of 6.50% during the forecast period of 2024-2032, with the values likely to reach USD 2,166.22 million by 2032.

 

Vietnam Diagnostic Labs Market Overview

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 the 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.

 

Launch of Technically Advanced Products to Boost Diagnostics

In December 2023, Siemens Healthineers and S.I.S Hospital, a pioneering private healthcare hospital in Vietnam, collaborated to bring NAEOTOM Alpha , world’s first FDA approved Photon-Counting CT Scanner into the Vietnamese healthcare landscape. The addition of this technology is a major leap forward in diagnostic imaging as it facilitates diagnostic precision and offers an elaborate power to make better clinical decisions. With a rotation speed of 250 milliseconds and dual X-ray tubes, it offers enhanced power, accuracy, and speed. Such arrivals are anticipated to help the Vietnam diagnostic labs market growth by multiple folds.

 

Rising Integration of Artificial Intelligence in Diagnostic Labs

Advancing research and development gene activities is expected to boost the Vietnam diagnostic labs market share. In June 2023, Roche  unveiled its novel molecular testing system to provide efficiency, prompt and easy to comprehend results to laboratories of all sizes. The latest system is designed to transform the interaction between patients and healthcare providers by offering accurate testing solutions and treatment strategies based on diagnosis. In addition, the rising integration of artificial intelligence driven analytics is another major trend being adopted by several diagnostic labs in the region.

 

Surge in Government Investments and Initiatives

The government in the region is making crucial investments to enhance the already existing facilities and to provide the much-needed push to 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. The launch of ‘Electronic Medical Records with AI Aid’  project aims to implement artificial intelligence to develop apt tools for data collection and retrieval with ease is a notable example of growth in Vietnam diagnostic labs market size.

 

International Collaborations to Help the Native Healthcare Staff

The Vietnam diagnostic labs market demand is driven by the increasing indigenous and international partnerships to offer better facilities to the native healthcare staff. In June 2023, South Korean telecom company Dong-A ST, unveiled their recent development with KT, that revolved around the development of a Vietnamese language-based medical information platform. The new platform enables the Vietnamese users to attend online lectures, understand instructions better and play replay of offline seminars. The company is also expanding their telemedicine business in the region.

 

Vietnam Diagnostic Labs Market Segmentation

Market Breakup by Provider Type

  • Hospital Based Diagnostic Labs
  • Stand Alone Diagnostic Labs

 

Market Breakup by Test Type

  • Pathology
  • Radiology

 

Market Breakup by End User

  • Referrals
  • Walk-ins
  • Corporate Clients

 

Market Breakup by Region

  • Northern and Central
  • Western
  • Southern
  • Eastern

 

Vietnam Diagnostic Labs Market Regional Analysis

The market for diagnostic labs has been witnessing significant demand for 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 Vietnam diagnostic labs market growth. 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 emphasizing 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.

 

Vietnam Diagnostic Labs Market: Competitor Landscape

In October 2023, BGI Genomics finished the first-ever NIFTY® technology  transfer program in Vietnam. NIFTY® is a non-invasive prenatal testing product used by the Hanoi based GENOLIFE Genetic Technology Institute laboratory. GENOLIFE is the nation’s biggest and pioneering genetic analysis tests which also includes hereditary cancer gene testing. The collaboration is aimed at replacing pregnancy-associated plasma protein-A (PAPP-A) and free beta human chorionic gonadotrophin (hCG) tests with NIPT to offer a non-invasive method that screens Down Syndrome, Edwards Syndrome and Patau Syndrome.

 

The key features of the Vietnam diagnostic labs market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

 

  • 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 Việt Nam)
  • Vietlife Medicine Joint Stock Company
  • Hoan My Medical Corporation
  • Plus Diagnostics (d+)
  • Medlab Vietnam

 

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Provider Type
  • Test Type
  • End User
  • Region
Breakup by Provider Type
  • Hospital Based Diagnostic Labs
  • Stand Alone Diagnostic Labs
Breakup by Test Type
  • Pathology
  • Radiology
Breakup by End User
  • Referrals
  • Walk-ins 
  • Corporate Clients
Breakup by Region
  • Northern and Central
  • Western
  • Southern
  • Eastern
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • 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 Việt Nam) 
  • Vietlife Medicine Joint Stock Company 
  • Hoan My Medical Corporation 
  • Plus Diagnostics (d+) 
  • Medlab Vietnam

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
    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 Dynamics
    4.1    Market Drivers and Constraints
    4.2    SWOT Analysis
    4.3    Porter’s Five Forces Model 
    4.4    Key Demand Indicators
    4.5    Key Price Indicators
    4.6    Industry Events, Initiatives, and Trends 
    4.7    Value Chain Analysis
5    Vietnam Diagnostic Labs Market Segmentation 
    5.1    Vietnam Diagnostic Labs Market by Provider Type
        5.1.1    Market Overview
        5.1.2    Hospital Based Diagnostic Labs 
        5.1.3    Stand Alone Diagnostic Labs
    5.2    Vietnam Diagnostic Labs Market by Test Type
        5.2.1    Market Overview
        5.2.2    Pathology
        5.2.3    Radiology
    5.3    Vietnam Diagnostic Labs Market by End User
        5.3.1    Market Overview
        5.3.2    Referrals 
        5.3.3    Walk-ins 
        5.3.4    Corporate Clients
    5.4    Vietnam Diagnostic Labs Market by Region
        5.4.1    Market Overview
        5.4.2    Northern and Central
        5.4.3    Western
        5.4.4    Southern
        5.4.5    Eastern
6    Patent Analysis
    6.1    Analysis by Type of Patent
    6.2    Analysis by Publication year
    6.3    Analysis by Issuing Authority
    6.4    Analysis by Patent Age
    6.5    Analysis by CPC Analysis
    6.6    Analysis by Patent Valuation 
    6.7    Analysis by Key Players
7    Grants Analysis
    7.1    Analysis by year
    7.2    Analysis by Amount Awarded
    7.3    Analysis by Issuing Authority
    7.4    Analysis by Grant Application
    7.5    Analysis by Funding Institute
    7.6    Analysis by NIH Departments
    7.7    Analysis by Recipient Organization
8    Funding Analysis
    8.1    Analysis by Funding Instances
    8.2    Analysis by Type of Funding
    8.3    Analysis by Funding Amount
    8.4    Analysis by Leading Players
    8.5    Analysis by Leading Investors
    8.6    Analysis by Geography
9    Partnership and Collaborations Analysis
    9.1    Analysis by Partnership Instances
    9.2    Analysis by Type of Partnership
    9.3    Analysis by Leading Players
    9.4    Analysis by Geography
10    Regulatory Framework
    10.1    Regulatory Overview
11    Supplier Landscape
    11.1    Medical Laboratory and Technology Co. Ltd.
        11.1.1    Financial Analysis
        11.1.2    Product Portfolio
        11.1.3    Demographic Reach and Achievements
        11.1.4    Mergers and Acquisitions
        11.1.5    Certifications
    11.2    Medic Medical Diagnostic Center
        11.2.1    Financial Analysis
        11.2.2    Product Portfolio
        11.2.3    Demographic Reach and Achievements
        11.2.4    Mergers and Acquisitions
        11.2.5    Certifications
    11.3    Lab Group International Vietnam Co. Ltd.
        11.3.1    Financial Analysis
        11.3.2    Product Portfolio
        11.3.3    Demographic Reach and Achievements
        11.3.4    Mergers and Acquisitions
        11.3.5    Certifications
    11.4    HI-Medic Laboratory Co., Ltd.
        11.4.1    Financial Analysis
        11.4.2    Financial Portfolio
        11.4.3    Demographic Reach and Achievements
        11.4.4    Mergers and Acquisitions
        11.4.5    Certifications
    11.5    Chemedic Test Center
        11.5.1    Financial Analysis
        11.5.2    Product Portfolio
        11.5.3    Demographic Reach and Achievements
        11.5.4    Mergers and Acquisitions
        11.5.5    Certifications
    11.6    Vietnam Lab Testing Center (Labo TH Việt Nam)
        11.6.1    Financial Analysis
        11.6.2    Product Portfolio
        11.6.3    Demographic Reach and Achievements
        11.6.4    Mergers and Acquisitions
        11.6.5    Certifications
    11.7    Vietlife Medicine Joint Stock Company
        11.7.1    Financial Analysis
        11.7.2    Product Portfolio
        11.7.3    Demographic Reach and Achievements
        11.7.4    Mergers and Acquisitions
        11.7.5    Certifications
    11.8    Hoan My Medical Corporation
        11.8.1    Financial Analysis
        11.8.2    Product Portfolio
        11.8.3    Demographic Reach and Achievements
        11.8.4    Mergers and Acquisitions
        11.8.5    Certifications
    11.9    Plus Diagnostics (d+)
        11.9.1    Financial Analysis
        11.9.2    Product Portfolio
        11.9.3    Demographic Reach and Achievements
        11.9.4    Mergers and Acquisitions
        11.9.5    Certifications
    11.10    Medlab Vietnam
        11.10.1    Financial Analysis
        11.10.2    Product Portfolio
        11.10.3    Demographic Reach and Achievements
        11.10.4    Mergers and Acquisitions
        11.10.5    Certifications
12    Vietnam Diagnostic Labs Market - Distribution Model (Additional Insight)
    12.1    Overview 
    12.2    Potential Distributors 
    12.3    Key Parameters for Distribution Partner Assessment 
13    Key Opinion Leaders (KOL) Insights (Additional Insight)
14    Company Competitiveness Analysis (Additional Insight)

    14.1    Very Small Companies
    14.2    Small Companies
    14.3    Mid-Sized Companies
    14.4    Large Companies
    14.5    Very Large Companies
15    Payment Methods (Additional Insight)
    15.1    Government Funded
    15.2    Private Insurance
    15.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The market attained a value of about USD 1,229.01 million in 2023, driven by the growing incidence of chronic diseases across the region.

The market is anticipated to grow at a CAGR of 6.50% during the forecast period of 2024-2032, likely to reach a market value of USD 2,166.22 million by 2032.

The market demand is driven by the rising support and investment from the government towards the development of the healthcare sector and facilities along with rising prevalence of chronic illnesses especially in the geriatric population.

The major market trend revolves around the advent of new and advanced technologies to improve the quality of services. In December 2023, Siemens Healthineers and S.I.S Hospital, a pioneering private healthcare hospital in Vietnam collaborated to bring NAEOTOM Alpha, world’s first FDA approved Photon-Counting CT Scanner into the Vietnamese healthcare landscape.

Based on provider types, the market is divided into hospital based and stand-alone diagnostic labs.

Pathology and radiology are common test types.

Major end users include referrals, walk-ins, and corporate clients.

Based on region, Northern and Central, Western, Southern and Eastern parts.

Key players involved in the market are 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.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER