Vietnam Telemedicine Market Analysis

Vietnam Telemedicine Market Analysis

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Vietnam's Telemedicine market was valued at $304 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will XX Mn in 2030. One of the main reasons propelling the growth of this market is the advent of advanced technologies and government initiatives. The market is segmented by end-user, product type, and Delivery mode. Some key players in this market are Viettel group, Vietnam Posts and Telecommunications Group (VNPT), FPT Group, Doctor Anywhere, BuyMed.

ID: IN10VNDH010 CATEGORY: Digital Health GEOGRAPHY: Vietnam AUTHOR: Nandini Shah

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Vietnam Telemedicine Market Executive Summary

Vietnam's Telemedicine market was valued at $304 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of XX% from 2022 to 2030 and will XX Mn in 2030. According to the 2019 Revision of the World Population Prospects, Vietnam has the eighth-highest population in Asia and is the third-most populous nation in Southeast Asia with a GDP of 413.8 Bn, after Indonesia and the Philippines. According to the World Bank, Vietnam's population is rapidly getting older.

Market Dynamics

Market Growth Drivers Analysis

Launching geriatric care services can be made easier for businesses by integrating AI, machine learning, and Big Data. Therefore, it is anticipated that over the projection period, there will be a strong demand for new and cutting-edge technologies like remote patient monitoring and remote diagnosis, which will in turn fuel the expansion of the Vietnam telemedicine market. Additionally, it is anticipated that the government's increased investment in the country's healthcare infrastructure will open up the profit potential for the expansion of the telemedicine sector in Vietnam.

In the past three decades, Vietnam has experienced major demographic changes, with a decrease in the number of children under the age of 15 and an increase in those between the ages of 15 and 64. Since there is only one dependent for every two employed persons, Viet Nam is currently in a golden period of population structure.

Vietnamese millennials have made a substantial economic contribution recently, and it is anticipated that they will work hard to push the nation toward development in the years to come. Throughout the forecast period, the age range of 15 to 64 is expected to stimulate demand for consumer healthcare electronics, opening up possibilities for the expansion of the Vietnam telemedicine market. This age range also represents a favourable demographic for the adoption of cutting-edge science and technology.

Market Restraints

Non-eligible or non-listed healthcare providers may conduct incorrect coding and billing for false claims, or they might use physicians’ names and accounts to collect payments from insurance companies. Many consumers do not share confidential health details due to security and trust issues.

Competitive Landscape

Key Players

  • Viettel Group
  • Vietnam Posts and Telecommunications Group (VNPT)
  • FPT Group
  • Doctor Anywhere
  • BuyMed
  • VieVie Healthcare
  • JioHealth
  • Med247
  • eDoctor
  • MyDoc

Healthcare Policies and Regulatory Landscape

Sumitomo Corporation, a Japanese trading company, announced in September 2021 that it intends to invest tens of millions of dollars in Insmart, one of the fastest-growing managed-care companies in Vietnam, to further expand the latter's services, which will now also include telemedicine, medication counseling, and drug shipping.

Vietnam announced the opening of a Telehealth platform in August 2021 to link district-level medical facilities and facilitate access to care, particularly during COVID-19. Doctors from Cho Ray Hospital connected via telehealth with Can Gio Hospital in Ho Chi Minh City, Hau Nghia General Hospital in the southern province of Long An, and Thuan An Hospital in the southern province of Binh Duong in front of Prime Minister Pham Minh Chinh.

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 Telemedicine Market Segmentation


  • Product
    • Hardware
    • Software
    • Others
  • Services
    • Tele-consulting
    • Tele-monitoring
    • Tele-education


The industry is driven by three concepts, which include real-time (synchronous), store and forward (asynchronous), and others comprising remote patient monitoring, etc.

  • Store and forward
  • Real-time
  • Others


  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Teledermatology
  • Telecardiology
  • Others

Delivery Mode

  • Web/Mobile
  • Audio/Text-based
  • Visualized
  • Call centers


  • Tele-hospital
  • Tele-home


  • Providers
  • Payers
  • Patients
  • Others

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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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

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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.

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This report addresses

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  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
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Last updated on: 06 June 2023

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