Medicine Studies in Vietnam Market Share

It is recently, estimated that every year US$1 Bn is spent by over 40,000 Vietnamese patients traveling abroad for healthcare services, as per a research published by ken research

1. In 2021, around 9% of the population in Vietnam was at least 65 Years Old, With an increasing demand for quality healthcare services.

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As of 2018, Vietnam had a population of about 96,000,000, making it the third-most populated nation in Southeast Asia and the thirteenth-most populous nation overall. The life expectancy at birth in Vietnam has increased from 71 years in 1990 to 76 years in 2015, which has coincided with the country’s strong economic development. Under-5-year-old infant mortality rates declined from 58 per 1000 live births in 1990 to 18 in 2015, while the percentage of underweight children reduced from 37% in 1993 to 14% in 2015.Vietnam also has one of the most rapidly aging populations in the world, with an increasing demand for quality healthcare services and new issues likely to emerge in the health sector in future years.

Vietnam’s current healthcare expenditure per capita is one of the highest in the Southeast Asia Region. They are continuously making progress in increasing patient to bed ratio as well as patient to doctors ratio.

2. In 2021, there were around 11 doctors per 10,000 inhabitants in Vietnam. The number of doctors per ten thousand inhabitants in Vietnam had been growing steadily.

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The healthcare workforce in Vietnam is currently insufficient to meet manpower norms and practical needs, with the number of physicians in 2015 (around eight per 10,000 population) being quite low when compared to other countries in Southeast Asia. There is an increase in the population of Vietnam over the years but healthcare workforce is relatively low compared to the total population (around 1 physician and 1.3 nurses per 1,000 residents). There is an imbalance in the healthcare workers and the growth of the population. This will ultimately, drive the demand for more doctors in Vietnam.

3. Every Year US $1 Billion is Spent by Over 40,000 Vietnamese Patients Traveling Abroad; Why are Countrymen Lacking Confidence in the Prevailed Healthcare System?

Lack of trust in the existing healthcare system has been one of the major concerns in Medical Education Market. An increasing number of Vietnamese patients are spending big to receive medical treatment overseas despite the availability of qualified doctors and high-quality medication in Vietnam, as they prefer the bedside manners of foreign clinicians. Crude death rate in Vietnam in 2020 was 5.97, showing an increase from the last year.

For more insights on the market intelligence, refer to the link below:-

Vietnam Medical Education Market

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