Vietnam Contraceptive Devices Market Analysis

Vietnam Contraceptive Devices Market Analysis

$ 3999

Vietnam Contraceptive Devices Market is expected to witness growth from $65 Mn in 2022 to $121 Mn in 2030 with a CAGR of 8.23% for the forecasted year 2022-30. Over 98 million people currently live in Vietnam, and it is anticipated that this number will rise over the next few years. As more people try to plan their families, this means that the demand for contraceptive devices will rise. The market is segmented by type and by gender. Some key players in this market include USM Healthcare, Omron Healthcare Vietnam, Mylan Laboratories, Mankind Pharma, CooperSurgical, Pfizer, and Teva Pharmaceutical.

ID: IN10VNMD005 CATEGORY: Medical Devices GEOGRAPHY: Vietnam AUTHOR: Jigyasu Bhandari

Buy Now

Vietnam Contraceptive Devices Healthcare Market Executive Analysis

Vietnam Contraceptive Devices Market is expected to witness growth from $65 Mn in 2022 to $121 Mn in 2030 with a CAGR of 8.23% for the forecasted year 2022-30. Healthcare spending in Vietnam climbed substantially, from $25.25 billion in 2021 to $23.58 billion in 2023. $29.62 billion is projected for 2025, and $338 billion for 2030. Vietnam spent about $185 per person in current health expenses in 2022. Continuous healthcare costs made up 5.37% of the nation's GDP in 2022.

Vietnam's maternal mortality ratio would be 49 deaths for every 100,000 live births in 2021. Female sex workers in Hanoi had a 7.4% infection rate for Chlamydia trachomatis. In order to avoid unexpected pregnancies, contraceptive methods either stop fertilisation or hinder the implantation of a fertilised egg. Contraceptive methods are commonly utilised in Vietnam, and both public and private healthcare institutions offer them. Contraceptive methods are an efficient approach to avoid unexpected pregnancies and give people and couples the ability to schedule and space out their children's births. By avoiding unplanned pregnancies, unsafe abortions, and other problems with reproductive health, access to modern contraception, especially contraceptive devices, can help lower the risk of maternal mortality and morbidity. When a woman is at high risk for poor maternal and child health outcomes or is too young or old to safely become pregnant, contraceptive devices can help avoid unwanted births. By enabling women to pursue chances in school, employment, and other areas, contemporary contraception—including contraceptive devices—can boost their economic opportunities.

Vietnam Contraceptive Devices Market Analysis

Market Dynamics

Market Growth Drivers

Over 98 million people currently live in Vietnam, and it is anticipated that this number will rise over the next few years. As more people try to plan their families, this means that the demand for contraceptive devices will rise. In Vietnam, people are becoming more and more aware of the advantages of family planning and the usage of contraceptives. The government and numerous non-governmental organisations have worked hard to promote family planning and reproductive health, which is why this has happened. With more and more people relocating to metropolitan areas, Vietnam is rapidly urbanising. People in urban regions are more likely to utilise contraceptive devices because they have better access to healthcare and higher levels of education.

Market Restraints

In Vietnam, the lack of knowledge and instruction among the populace, particularly in rural areas, regarding the significance of family planning and the various kinds of contraceptive devices available, is one of the biggest issues manufacturers face. As a result, the market may experience slower growth and less demand for certain goods. Modern contraceptive methods may not be widely used in Vietnam due to cultural and religious restrictions. For instance, some individuals could think that using contraceptives is unethical or immoral.  Many Vietnamese people, especially those who live in poverty, may find the expense of contraceptive methods to be a significant obstacle to access. Further restricting access, these gadgets may not be widely distributed or readily available in remote areas.

Competitive Landscape

Key Players

  • USM Healthcare (VN)
  • Omron Healthcare Vietnam (VN)
  • Mylan Laboratories
  • Church & Dwight
  • CooperSurgical
  • Pfizer
  • Teva Pharmaceutical

Healthcare Policies and Regulatory Landscape

The National Medical Device Management Authority (NMDMA) and the Ministry of Health (MOH) are in charge of Vietnam's regulatory framework for contraceptive devices. The NMDMA is in charge of implementing these guidelines as well as issuing device licences and certifications. The MOH is responsible for delivering rules and regulations pertaining to the importation, production, and sale of contraceptive devices. To sell contraceptive devices in Vietnam, manufacturers must receive a licence from the NMDMA. Manufacturers must adhere to stringent regulatory criteria pertaining to quality control, safety, and efficacy, and the licencing procedure can be difficult and time-consuming. laws governing contraceptive devices.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 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

Contraceptive Devices Market Segmentation

By Type (Revenue, USD Billion):

A condom is a sheath-shaped barrier device used during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STI). There are both male and female condoms. With proper use, women whose partners use male condoms experience a 2% per-year pregnancy rate. Their use greatly decreases the risk of gonorrhea, chlamydia, trichomoniasis, hepatitis B, and HIV/AIDS, per the World Health Organization Updates in November 2020. To a lesser extent, they also protect against genital herpes, human papillomavirus (HPV), and syphilis. Hence, the other reasons that aid the growth of the contraception devices market are the rising occurrence of STDs and the substantial increase in the population

  • Condoms
  • Diaphragms
  • Cervical Caps
  • Sponges
  • Vaginal Rings
  • Intra Uterine Devices (IUD)
  • Other Devices

By Gender (Revenue, USD Billion):

Based on Gender the contraceptive devices market is segmented into male and female.

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

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.

We value your inquiry and offer free customization with every report to fulfil your exact research needs.

This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 20 November 2023

Related reports (by category)

Related reports (by geography)

subscribe to our newsletter