VIETNAM MEDICAL DEVICES MARKET

INTRODUCTION

Vietnam's present healthcare system combines state and private providers. The majority of the public system is set up in a hierarchical structure, with the Ministry of Health in charge of the central level and province and municipal authorities in charge of the local levels.

The Vietnamese healthcare system incorporates elements of both Eastern and Western medicine. The majority of Vietnamese residents currently have to cover the cost of their own medical care at both public and private institutions. Vietnamese citizens frequently choose to use private hospitals since they are frequently better equipped. 

Prior to distribution in Vietnam, all medical devices that reach the market must be registered. The Health Service Department oversees and grants registration for class A devices, while the Ministry of Health does the same for class B, C, and D devices.

Importantly, good manufacturing practices (GMP) certificates or certificates of pharmaceutical products, as well as marketing authorization (MA) licences, are required for both domestic and imported medical equipment (CPP).

VIETNAM MEDICAL DEVICES MARKET SIZE AND FORECAST

 The Vietnam Medical Devices market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

VIETNAM MEDICAL DEVICES MARKET DYNAMICS

In August, the group subsidiary Kaneka Medical Vietnam Co., Ltd. opened a new facility that will triple its ability to produce medical catheters. Kaneka Corporation (headquarters: Minato-ku, Tokyo; president: Minoru Tanaka).

Kaneka produces medical catheters in Japan and Vietnam, including electrode catheters for irregular pulse testing, gastroenterology intervention for the treatment of gastrointestinal cancer*, and endovascular treatment catheters for cardiovascular, peripheral vascular, and neurovascular disease.

To fulfil the strong demand that is growing Vietnamly, they have made an investment of almost 1 billion yen, roughly increasing our manufacturing capacity from the prior level. 

People are living longer, especially in affluent nations, and there are more people with cancer, heart disease, and brain illnesses than ever before. Because it is a less invasive procedure for patients, the market for surgery utilising medical catheters is growing on a Vietnam scale.

This year, Kaneka Medical Vietnam will mark its 15th year in business and will continue to enhance its role as a key facility in our catheter production operations

In order to improve patient quality of life and lengthen healthy lifespans, Kaneka will continue to grow its pharmaceutical and medical device businesses.

VIETNAM MEDICAL DEVICES MARKET COMPANY PROFILES

• CPT Sutures Company Limited. 
• Vietnam Medical Equipment Corporation
• 24h Medical Equipment Company. 
• Ho Chi Minh City Medical Technical Services 
• J&V Medical Instrument JSC.

VIETNAM MEDICAL DEVICES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Medical Devices are manufactured per annum in Vietnam? Who are the sub-component suppliers in this region?
2. Cost breakup of a Vietnam Medical Devices and key vendor selection criteria
3. Where are the Medical Devices manufactured? What is the average margin per unit?
4. Market share of Vietnam Medical Devices market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Vietnam Medical Devices in-house
6. key predictions for next 5 years in Vietnam Medical Devices market
7. Average B-2-B Medical Devices market price in all segments
8. Latest trends in Medical Devices market, by every market segment
9. The market size (both volume and value) of the Medical Devices market in 2024-2030 and every year in between?
10. Production breakup of Medical Devices market, by suppliers and their OEM relationship