Dublin, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The "Vietnam Diagnostic Imaging Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
Vietnam Progresses in Healthcare with Advanced Diagnostic Imaging Solutions
The Vietnam Diagnostic Imaging Market has witnessed notable growth valued at USD 201.04 Million in 2023, and is on course to deliver significant advancement by 2029. Factors attributed to this robust growth include the rising prevalence of chronic diseases, an aging population, and an increase in healthcare expenditure. This trend is magnified by the improvement of healthcare infrastructure and the introduction of cutting-edge medical imaging technologies.
Amplified awareness and emphasis on early detection and preventive healthcare are pivotal drivers catalyzing the demand for diagnostic imaging. Vietnam's healthcare landscape is being transformed by technological advancements in key imaging modalities, such as digital radiography and 3D/4D ultrasound. Concurrently, policy initiatives and infrastructure development are extending the reach of healthcare services, bolstering the demand for diagnostic imaging across the country.
Challenges: Addressing Accessibility and Skilled Personnel Shortage
Despite the encouraging growth of the diagnostic imaging sector, challenges persist. Particularly, a shortage of skilled healthcare professionals and the uneven accessibility to advanced infrastructural resources, especially in remote areas, pose barriers to equitable healthcare delivery. Holistic strategies focusing on training, infrastructure enhancement, and regional investment are critical to overcoming these obstacles and ensuring uniform healthcare provision.
Trends and Insights: Private Sector and Government Initiatives Propel Market Forward
Increasing investments in the private healthcare sector and the flourishing medical tourism industry markedly contribute to the expansion of the diagnostic imaging market in Vietnam. Government initiatives are pivotal, as they focus on improving healthcare accessibility and outcomes, especially in underdeveloped regions, driving the demand for diagnostic imaging services.
Regional Growth Dynamics and Future Outlook
The South region, with Ho Chi Minh City at its core, emerges as the leading region in Vietnam's dynamic diagnostic imaging market landscape. The comprehensive provision of imaging services in Hospitals & Clinics positions the South region as the focal point for future growth and innovation in Vietnam's healthcare sector.
Key Market Observations
Industry analysis reveals a diverse array of market players contributing to the growth of the Vietnam Diagnostic Imaging Market. Their strategic initiatives, coupled with the country's evolving healthcare needs, continue to stimulate market expansion and improve patient outcomes. Looking ahead, the market is positioned to maintain its growth trajectory, underpinned by sustained technological advancements and an increase in healthcare expenditure.
With an ever-growing demand for improved diagnostic capabilities, the Vietnam Diagnostic Imaging Market stands as a testament to the country's dedication to advancing healthcare standards and ensuring a healthier future for its population.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 84 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $201.04 Million |
| Forecasted Market Value (USD) by 2029 | $270.51 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Vietnam |
Companies Featured
- Philips Electronics Vietnam Ltd
- Siemens Healthcare Ltd
- Neusoft Medical Systems Vietnam
- FUJIFILM VIETNAM Co., Ltd.
- Shimadzu Vietnam Co., Ltd.
- IDS Medical Systems Vietnam Ltd.
- MediGroup Asia Ltd.
- Lab Group International Vietnam Company Limited
- HORIBA Vietnam Company Limited
- Nam Cuong Medical Technology Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/qd384c
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