Vietnam Palliative Care Market Analysis

Vietnam Palliative Care Market Analysis


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The Vietnam Palliative care market is projected to grow from $65.4 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The main factors driving the growth would be improving the healthcare industry, growing awareness about palliative care, the rapidly aging population, and the increasing prevalence of chronic diseases. The market is segmented by service type and by the end user. Some of the major players include Bach Mai Hospital, FV Hospital, Cho Ray Hospital, and Hue Central Hospital.

ID: IN10VNHS013 CATEGORY: Healthcare Services GEOGRAPHY: Vietnam AUTHOR: Neha Davda

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Vietnam Palliative Management Market Executive Summary

The Vietnam Palliative care market is projected to grow from $65.4 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Vietnam saw a rise in healthcare spending as a proportion of its GDP in 2019, going from 5.03% to 5.25%. The economic and demographic developments that Vietnam is currently experiencing provide the country's healthcare industry with tremendous potential.

Palliative care improves the quality of life for patients with terminal illnesses and their families. By effectively diagnosing and treating pain with other disorders, such as mental, physical, and spiritual illnesses, palliative care services seek to both prevent and relieve suffering. Palliative care also assists patients and those who provide for them by using a collaborative approach. This entails giving them a network of support and attending to their material needs in order to help them live as completely as they can until they pass away. Cancer, chronic respiratory diseases, diabetes, kidney failure, chronic liver disease, and other ailments require palliative care.

The rise of the palliative care market in the Asia-Pacific region is projected to be fueled by the growing emphasis of prominent palliative care service providers on developments in developing Asia-Pacific countries in order to achieve a sizable market share.

Market Dynamics

Market Growth Drivers

The Vietnam palliative care market is expected to be driven by factors such as improving the healthcare industry, growing awareness about palliative care, and increasing the prevalence of chronic diseases. Moreover, Vietnam is on the transition peak of a dramatic aging of the population which will further expand the market.

Market Restraints

Limited reimbursement policies and insurance coverage, shortage of palliative care professionals, and lack of standardization in the services are expected to limit the growth of the palliative care market in the country.

Competitive Landscape

Key Players

  • Bach Mai Hospital (VNM)
  • FV Hospital (VNM)
  • Cho Ray Hospital (VNM)
  • Hue Central Hospital (VNM)

Notable Recent Deals

April 2022: The American Chiropractic Clinic's (ACC) ownership by FV Hospital has been formally announced. As an FV member, ACC will further enhance its medical examination and treatment services to give patients more access to FV Hospital and more treatment alternatives, enabling more people to benefit from the facilities and network of FVH.

Healthcare Policies and Regulatory Landscape

The regulatory environment and healthcare regulations for the palliative care market in Vietnam are currently being developed. The nation is now working to increase patient access to palliative care services for those with life-limiting illnesses and to guarantee the quality of these treatments. The Vietnamese government has prioritized palliative care in its national healthcare plan in recognition of its significance. Initiatives have been made to train medical personnel in palliative care and increase the number of palliative care centers around the nation.

Reimbursement Scenario

For patients in Vietnam to have access to palliative care services, reimbursement rules are essential. Vietnam currently has a few, inadequate reimbursement rules for palliative care. Although attempts are still being made, the government has been attempting to provide thorough reimbursement guidelines to cover the costs of palliative care treatments. In the interim, the majority of patients are responsible for covering the costs of their own palliative care, which can be a huge financial hardship for many families.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market 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
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

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

6. Methodology and Scope

Palliative Care Market Segmentation

By Service Type (Revenue, USD Billion):

Based on service type, the Vietnam palliative care market is divided into the following:

  • Private residence care
  • Hospice inpatient care
  • Hospital inpatient care
  • Nursing home and residential facility care
  • Others

By End User (Revenue, USD Billion):

Based on end-user type, the Vietnam palliative care market is divided into the following:

  • Hospitals
  • Home Care Settings
  • Palliative Care Centers
  • Long-Term Care Centers & Rehabilitation Centers

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: 17 February 2023
Updated by: Shivam Zalke

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