COVID 19 Impact on Vietnam Health Tech Market: Ken Research



vietnam-health-tech-market

How Is Health Tech Market Positioned in Vietnam?

The Health Tech Market in Vietnam has seen a substantial growth from 2018 to 2021 with a positive double digit owing to the country’s increase in healthcare expenditure and improving the quality of healthcare services. Vietnam’s e-pharmaceutical industry is among the highest growth markets in South Asia, laying the foundation for a smart healthcare industry in the country.

Vietnam Health Tech Market

                                              Vietnam Health Tech Market

The Health Tech market in Vietnam is currently in the growing stage and is undergoing radical socio-economic changes as digital health is becoming an essential in the country. The outbreak of Covid-19 has had a positive impact on the Health Tech Market in Vietnam as people were compelled to use digital platforms to avoid contact with virus, which led to a significant increase in e-Pharmacies to purchase medical products; tele medicine to avoid overcrowding in hospitals and health IT’s for better hospital management.

Government initiatives are expected to expand Vietnam’s Health Tech Industry, offering a range of opportunities, as the authority is keen on expanding and advancing facilities in the healthcare industry. Technology integration in healthcare system is one of the major elements stimulating the market growth. However, lack of clear regulation frameworks, financial pressures, underdeveloped infrastructure, adopting new digital solutions due to conservative behavior are some of the major challenges in the industry. Technology integration in healthcare system is one of the major elements stimulating the market growth of Health Tech in Vietnam.

Vietnam E-Pharmacy Market Overview and Segmentation

Market Overview:

Vietnam e-Pharmacy market has been experiencing a substantial growth with 52.8% CAGR (2018-2021) owing to Covid 19 strict lockdowns that compelled people to use e-Pharmacy mobile applications and websites for purchasing medical products. Moreover, surging geriatric population along with internet penetration have increased the user base of e-platforms in the country.

Market Segmentation of e-Pharmacy

By Order Split: In Vietnam, OTC Drugs capture majority of the market as it is a common practice for Vietnamese to buy non-prescribed medicine due to ease of access.

By Order Platform: The e-Pharmacy market is dominated by Web Browser as people in Vietnam prefer using web browsers for purchasing medicines online.

By Region: Market is concentrated in the Southern Region as most of the retail pharmacies and drug stores are clustered in this region. Moreover, Pharmacists observed that the majority of the orders were from this region

Vietnam Online Consultation Market Overview and Segmentation

Market Overview:

Vietnam Online Consultation market is continuously growing at 36.9% CAGR (2018-2021) owing to Covid 19 where people preferred consulting doctors online to avoid overcrowding in hospitals for safety measures and increase in prevalence of diseases in the country.

Market Segmentation of Online Consultation

 By Type of Doctor: The market is dominated by the General Practitioners as majority of the Vietnamese prefer going to a general doctor first to diagnose their health issue.

By Specialization: The Online Consultation market is overpowered by Pediatrics as Vietnam had many cases of hand-foot-mouth disease, a common infectious disease among children.

By Region: The market is concentrated in the Northern Region due to the high prevalence of most common diseases.

Key Segments Covered in the report: –

e-Pharmacy Market

By Oder Split

By Order Split

OTC Drugs

Prescribed Drugs

Non-Pharmaceutical Products and Medical Devices

By Oder Platform

Mobile Application

Web Browser

By Region

Northern Region

Central Region

Southern Region

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Online Consultation Market

By Type of Doctor

General Practitioner

Specialized Doctor

By Type of Specialization

Pediatrics

Family Doctor

Dermatologist

Others (include ENT Specialist, Cardiologist, Optometrist, Psychiatrist and more)

By Region

Northern Region

Central Region

Southern Region

Health IT Solutions Market

By Type of Customization

Customized

Non- Customized

By Type of Product

HIS/LIS

Independent LIS

PMS

CMS

By Region

Northern Region

Central Region

Southern Region

Key Target Audience

Healthcare Industry

Pharmaceutical Industry

e-Pharmacy Companies

Online Consultation Companies

Health IT Solutions Companies

Hospitals & Clinics

Retail Pharmacy Drug Stores

Time Period Captured in the Report:

Historical Period: 2018-2021

Forecast Period: 2021-2026F

Companies Covered:

Pharmacity

Long Chau

Medicare

Phano Pharmacy

eDoctor

Med247

Doctor Anywhere

FPT

VNPT

Viettel Solutions

Key Topics Covered in the Report

Executive Summary of Health Tech Market in Vietnam

Vietnam Country and Healthcare Sector Overview

Vietnam Health Tech Market Overview

Major Challenges in Health Tech Market

Comprehensive Analysis on e-Pharmacy, Online Consultation and Health IT Solutions Markets (Market Size, 2018-2026F; Market Shares; Future Trends)

Major Regulations for e-Pharmacy, Online Consultation and Health IT Solutions Markets in Vietnam

Emerging Technologies in Health Tech Market

Strengths and Weaknesses of Major Health Tech Players in Vietnam

Competitive Landscape in e-Pharmacy, Online Consultation and Health IT Solutions Markets

Emerging Opportunities in Health Tech Market in Vietnam

Analyst Recommendations

For More Info on the Research Report, Click on the below link: –

Future Outlook of Vietnam Health Tech Market

Related Reports by Ken Research: –

Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

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Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com

+91-9015378249

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