Vietnam 3D Imaging Market Analysis

Vietnam 3D Imaging Market Analysis

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Vietnam's 3D imaging market is projected to grow from $0.15 Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The market will be driven by the growing need for modern medical technology, greater emphasis on enhancing healthcare services, and rising investments in cutting-edge medical technology. The market is segmented by product, application, end-user & portability. Some of the major players include GE Healthcare, Siemens Healthineers & FPT Corporation

ID: IN10VNDH001 CATEGORY: Digital Health GEOGRAPHY: Vietnam AUTHOR: Vidhi Upadhyay

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Vietnam 3D Imaging Market Executive Summary

Vietnam's 3D Imaging market is projected to grow from $0.15 Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. According to the World Health Organization Global Health Expenditure database, Vietnam's current healthcare expenditure per capita increased from $163.15 in 2018 to $180.72 in 2019. Health expenditure in Vietnam increased from $16.1 billion in 2017 to $20 billion in 2021, and it is likely to increase further in the future. According to The Global Cancer Observatory 2020, out of a total population of 97.3 Mn, the number of new cases of cancer was 0.18 Mn with 0.12 Mn deaths. According to WHO data published in 2020, the number of Coronary Heart Disease fatalities in Vietnam reached 91,939, accounting for 13.41% of all deaths.

The 3D imaging market in Vietnam is quickly expanding, owing to the country's expanding healthcare industry and rising demand for modern medical technology. 3D Imaging is employed in a variety of medical applications, including diagnostic imaging, surgical planning, and image-guided therapies. The largest sector of the 3D Imaging market in Vietnam includes CT scans and MRI, followed by image-guided interventions and surgical planning. Dental imaging, mammography, and cardiology are some of the other applications of 3D Imaging in healthcare.

vietnam 3D imaging market analysis

Market Dynamics

Market Growth Drivers

One of the key factors is the growing need for modern medical technology, such as 3D Imaging, as the country's healthcare industry expands. As the Vietnamese economy expands and the level of lifestyle rises, there is a greater emphasis on enhancing healthcare services and investing in cutting-edge medical technology. Chronic illnesses such as cancer and cardiovascular disease are becoming more common. Early identification and precise diagnosis of many disorders with 3D Imaging can lead to more effective therapies and improved patient outcomes. The Vietnamese government's efforts in the healthcare sector, as well as the increase in health insurance coverage, are likely to drive demand for 3D Imaging in the nation. The government's healthcare reform initiatives include boosting the use of innovative medical technology and enhancing the quality of healthcare services, which are projected to fuel the growth of the 3D Imaging market in Vietnam.

Market Restraints

The Vietnam 3D Imaging market has a number of challenges that might impede its growth. High equipment prices and a dearth of skilled employees might limit access to 3D Imaging services, while a complicated regulatory environment can make obtaining essential permits challenging for healthcare providers. Furthermore, a lack of public understanding about the benefits of 3D Imaging might hinder adoption and limit demand for these services.

Competitive Landscape

Key Players

  • GE Healthcare
  • Siemens Healthineers
  • Philips Healthcare
  • Canon Medical Systems
  • Fujifilm Holdings Corporation
  • Hitachi Healthcare
  • Toshiba Medical Systems
  • Carestream Health Vietnam
  • FPT Corporation (VNM)

Notable Deals

  1. January 2023, Canon Medical Systems Corporation announced a Partnership with ScImage, Inc., as it plans to expand in image exchange solutions and the cardiac market
  2. November 2022, At RSNA, Philips introduces new AI-enhanced informatics solutions having an integrated diagnostic strategy that combines radiology, cardiology, pathology, and oncology to securely unify data and pictures throughout the organization, allowing for an earlier and more conclusive diagnosis
  3. In November 2022, GE HealthCare announced partnerships with Accuray, Elekta, and RaySearch to combine GE HealthCare's imaging capabilities with precision radiation therapy to give cancer patients early diagnosis and improved treatment alternatives

Healthcare Policies and Regulatory Landscape

In Vietnam, the Ministry of Health is the major body in charge of regulating and developing the healthcare business, including the 3D Imaging market. As part of its attempts to modernize the healthcare system, the government has made initiatives in recent years to stimulate the use of innovative medical technology, such as 3D medical imaging. Prior to their usage in the country, medical devices, including 3D Imaging equipment, must be registered and approved by the Ministry of Health.

Reimbursement Scenario

The Ministry of Health is in charge of monitoring medical service reimbursement, including diagnostic imaging. For qualifying patients, the government-run health insurance program pays a portion of the cost of medical treatments, including diagnostic imaging procedures such as X-rays, CT scans, and MRIs.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Vietnam 3D Imaging Market Segmentation

By Product (Revenue, USD Billion):

The 3D Imaging Market is divided majorly into X-ray Imaging Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound & Nuclear Imaging Systems. X-ray Imaging systems have the highest market share in the 3D Imaging market. 3D X- rays are mostly utilized for dental and orthopedic applications. 3D Ultrasound is majorly helpful in tracking the dynamic motion of arteries, and veins and also has applications for various fetal, cardiac, obstetric, and rectal examinations, and many more. The ultrasound segment is predicted to develop substantially over the forecast period, primarily to the advancements in technology in the healthcare industry and the several advantages given by 3D ultrasound imaging over standard ultrasound imaging.

  • X-ray Imaging Systems
  • Computed Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Nuclear Imaging systems

By Application (Revenue, USD Billion):

The market for 3D Imaging has applications covering Cardiology, Neurology, Orthopaedics, Gynaecology, Oncology, and other areas of diagnostics as well. Cardiovascular diseases are the leading cause of death globally. The second biggest cause is cancers because of which Oncology holds the highest market share in the 3D Imaging market followed by cardiology as 3D imaging is highly utilized in these two segments for diagnostics and treatments of the same. Neurosurgeons desire three-dimensional (3D) imagery of intracranial tumors, neural structures, skulls, and veins to establish a clear visual image of the surgical field's anatomical orientation prior to surgical intervention aiding better surgical outcomes for patients. Obstetricians employ 3D ultrasound scans to see the gestational sac, pinpoint the location of an ectopic pregnancy, and evaluate for fetal deformities of the face, spine, limbs, and heart. 3D Imaging applications for gynecology are yet in evolving stage and have a great scope for expansion allowing feasible and quick patient care.

  • Cardiology
  • Neurology
  • Orthopedics
  • Gynecology
  • Oncology
  • Others (Urology, etc.)

By End User (Revenue, USD Billion):

Hospitals, Diagnostic Imaging Centers, and other end-user such as private clinics make up the segments of the 3D Imaging Market. The hospitals among these hold the biggest market share due to the increased uptake of cutting-edge medical technology, the expansion of existing 3D Imaging facilities, the rising affordability of 3D Imaging services, the rising prevalence of chronic conditions such as cardiovascular diseases, cancers, respiratory diseases which lead to rising in demand for precise and quick diagnostic and treatment options. Diagnostic Imaging Centers have also been deploying 3D Imaging equipment to improve their standard of care.

  • Hospitals
  • Diagnostic Imaging Centers
  • Other End Users

By Portability (Revenue, USD Billion):

The 3D Imaging market is divided into two segments Stationary & Mobile, considering the portability of the device. Stationary 3D imaging involves equipment that is installed at a particular location and is operated from the same location of installment whereas mobile ones can be relatively smaller in size and hence moved to the patients who are unable to locate the Imaging room. Mobile MRI, Ultrasound, X–ray & CT allow cutting-edge healthcare to be delivered to nearly any location and are yet in the developing stages of expansion.

  • Stationary
  • Mobile

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Last updated on: 23 February 2024
Updated by: Riya Doshi

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