Outpatient Care - Vietnam

Vietnam

The Outpatient Care market in Vietnam is expected to experience substantial growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$2.89bn in 2024.
Furthermore, it is anticipated that the market will witness a steady annual growth rate of 10.82% from 2024 to 2029.
This growth trajectory is expected to result in a market volume of US$4.83bn by 2029.
When compared globally, it is worth noting that in the United States is expected to dominate the Outpatient Care market.
In 2024, the revenue generated in the United States is projected to reach a staggering US$744.80bn.
This highlights the significant market presence and potential of the United States in the Outpatient Care market sector.
The outpatient care market in Vietnam is experiencing significant growth due to increasing demand for accessible and affordable healthcare services.

Key regions: France, Germany, United Kingdom, Canada, United States

Market

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Analyst Opinion

The healthcare industry in Vietnam has been growing rapidly in recent years, with the Outpatient Care market being a significant contributor to this growth.

Customer preferences: Vietnamese customers are increasingly seeking better healthcare services, including Outpatient Care, as they become more aware of the importance of preventive healthcare. They are also willing to pay more for quality healthcare services, which has led to the emergence of private hospitals and clinics that offer high-quality Outpatient Care services.

Trends in the market: The Outpatient Care market in Vietnam is expected to continue growing, driven by several factors. Firstly, the government's efforts to improve healthcare infrastructure and services have led to increased investment in the sector. Secondly, the growing middle class in Vietnam has led to an increase in demand for healthcare services, including Outpatient Care. Finally, the increasing prevalence of chronic diseases in Vietnam has also contributed to the growth of the Outpatient Care market.In terms of specific trends, there has been a shift towards more specialized Outpatient Care services, such as cardiology, gastroenterology, and neurology. This trend is driven by the increasing prevalence of chronic diseases and the need for specialized care. Another trend is the adoption of digital technologies in Outpatient Care, such as telemedicine and electronic health records, which have improved patient outcomes and made healthcare services more accessible.

Local special circumstances: Vietnam has a rapidly aging population, which is expected to increase the demand for healthcare services, including Outpatient Care. Additionally, the country has a high burden of communicable diseases, such as tuberculosis and HIV/AIDS, which require ongoing Outpatient Care services. Furthermore, the country's healthcare system is still developing, which has led to a shortage of healthcare professionals and infrastructure.

Underlying macroeconomic factors: Vietnam's economy has been growing rapidly, which has led to an increase in disposable income and a growing middle class. This has contributed to the growth of the Outpatient Care market as customers are willing to pay more for quality healthcare services. Additionally, the government's efforts to improve healthcare services have led to increased investment in the sector, which has further contributed to the growth of the Outpatient Care market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.