Vietnam Oncology Clinical Trials Market Analysis

Vietnam Oncology Clinical Trials Market Analysis

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Vietnam's oncology clinical trials market is projected to grow from $63.3 Mn in 2022 to $98.8 Mn by 2030, registering a CAGR of 5.73% during the forecast period of 2022-30. The market will be driven by the big and diversified patient population available for clinical trials and a well-established clinical trial regulatory structure. The market is segmented by phase, by study design & by indication. Some of the major players include AstraZeneca PLC, Novartis AG & Hau Giang Pharmaceutical Joint Stock Company.

ID: IN10VNCT006 CATEGORY: Clinical Trials GEOGRAPHY: Vietnam AUTHOR: Vidhi Upadhyay

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Vietnam Oncology Clinical Trials Market Executive Summary

Vietnam's oncology clinical trials market is projected to grow from $63.3 Mn in 2022 to $98.8 Mn by 2030, registering a CAGR of 5.73% during the forecast period of 2022-30. With a population of about 98 Mn people and a life expectancy of over 76 years, Vietnam has a rather significant market size. Roughly 30% of the Vietnamese population, or 30 Mn people, can afford rather costly Western treatment. Vietnam's pharmaceutical business is one of the fastest growing in the area, owing to increased economic development, rising per capita income, and an aging population. Each year, there are 183,000 instances of cancer and 123 thousand fatalities in Vietnam. In Vietnam, the five major cancer types were liver (14.5%), lung (14.4%), breast (11.8%), gastric (9.8%), and colorectal (9%). According to GLOBOCAN, there are now 354,000 cancer patients in the nation.

In addition to hospitals and research institutes such as National Cancer Hospital, Hanoi Medical University, Ho Chi Minh City Oncology Hospital & Bach Mai Hospital, there are several private hospitals and cancer centers in Vietnam that are also engaged in oncology clinical trials. Moreover, In September 2022, K Hospital and Novartis Vietnam signed a Memorandum of Understanding for a collaboration to improve cancer treatment in Vietnam. In march 2023, Gene Solutions, which was founded in Vietnam, designed a multimodal liquid biopsy-based test called Screening for the Presence of Tumour by Methylation and Size (SPOT-MAS) to identify the five most frequent cancer types (liver, breast, colorectal, gastric, and lung cancer). With a big and diversified patient population, a supportive regulatory environment, and an increasing number of qualified clinical researchers and research institutes, Vietnam is an attractive location for oncology clinical trials. Nonetheless, the lack of sophisticated technology and infrastructure remains a barrier that must be overcome in order to attract more sponsors to perform oncology clinical trials in Vietnam.

vietnam oncology clinical trials market analysis

Market Dynamics

Market Growth Drivers

Many variables contribute to Vietnam's attractiveness as a site for oncology clinical trials. First and foremost, Vietnam has a big and diversified patient population, which is vital for clinical trials, particularly in cancer, where patient selection is critical. Second, Vietnam has a well-established clinical trial regulatory structure, with the Ministry of Health (MoH) in charge of regulating and authorizing clinical studies in the nation.

The government is also aggressively pushing clinical research, particularly oncology trials, and has developed many cancer treatment and research centers of excellence. Moreover, Vietnam has an increasing number of skilled oncologists, clinical researchers, and research institutes that are well-equipped to conduct clinical trials.

Market Restraints

Several growth constraints must be addressed in order to accelerate the expansion of oncology clinical trials in Vietnam. Some of the significant restraints that can affect the expansion and growth of clinical trials in oncology include the limited availability of modern technology and facilities, a scarcity of experienced clinical trial investigators, regulatory challenges, limited patient access and awareness, and funding constraints.

Competitive Landscape

Key Players

  • AstraZeneca PLC
  • Novartis AG
  • FHoffmann-La Roche Ltd
  • Pfizer Inc.
  • Merck & Co Inc.
  • Bristol-Myers Squibb
  • Hau Giang Pharmaceutical Joint Stock Company (VNM)
  • Vingroup Joint Stock Company (VNM)

Notable Insights

  1. March 2023, Lotus Pharmaceuticals of Taiwan has won permission in Vietnam for its cancer medicine vinorelbine soft gel in two strengths - 20mg and 80mg - to compete with the branded version Navelbine, developed by French manufacturer Pierre Fabre
  2. April 2022, Artemis DNA, Inc., located in the United States, will launch its first international facility in Ho Chi Minh City, Vietnam
  3. March 2022, Roche Pharma Vietnam and the HCM City Oncology Hospital established an agreement to boost the hospital's medical staff's professional ability and to expand collaboration with local and international cancer organizations and specialists

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation 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

6. Methodology and Scope

Oncology Clinical Trials Market Segmentation

By Phase (Revenue, USD Billion):

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

By Study Design Outlook (Revenue, USD Billion):

  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others

By Indication Outlook  (Revenue, USD Billion):

  • Interventional
  • Observational
  • Expanded Access

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”.


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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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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)

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  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 September 2023
Updated by: Riya Doshi

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