Vietnam Clinical Laboratories Market Outlook to 2027F
Driven by Private Hospitals driving the future of Healthcare and Clinical Tests in Vietnam

KR1250
Slides: 58
November 2022
Author(s): Yatin Mighlani
Total Views:2160
Region : Asia
Ken Research
Market Research Report

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About the Report

The report provides a comprehensive analysis of the potential of Clinical Laboratories Market in Vietnam. The report covers an overview and genesis of the industry, market size in terms of revenue.

Its market segmentations include by types of labs, by independent labs, by private hospitals, by end-users, by payor, by type of tests, by region and by age; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Vietnam Clinical Laboratories Market expanded at a CAGR of 24.2% in between 2017 and 2022 on the basis of revenue generated. The market faced rapid growth in the year of 2020 owing to Covid and reflected high growth in 2022 too but the growth is expected to normalize in the coming years. Vietnam Clinical Laboratories Market is estimated to grow at a positive CAGR of 10.4% in between 2023E and 2027E. The Private Health Insurance market is set to grow in double digits which in turn would benefit Private Healthcare and boost the bottom-line.

The Clinical Laboratories Market in the Vietnam has seen emergence of more than 20-30 players over the past 5 years.
Most healthcare facilities in the industry are concentrated in two cities, Ho Chi Minh and Hanoi owing to the higher per capita income, higher population and center for commerce and industrial growth.
Medic-Lab and Diag Laboratories are market leaders for Independent Lab Chains and Hoan My and FV Hospital for Private Hospitals.

Key Trends by Market Segment:

By End-User: The contribution through doctor referrals is low as the firms have to share revenue when entering into such agreements with the doctor. Walk-Ins hold the most contribution at ~229.32 million USD as most of the patients taking any treatment are Walk-Ins for the Hospitals as well as for the Independent Labs.

By Type of Private Hospital Labs: Private Hospitals are not generally looking to tie-up with third parties for clinical laboratory facilities as a major share of their revenues in hospitals is driven by the diagnostic tests. They may partner with the independent clinical labs for certain camps or any particular tests for which they do not have the equipment.

By Type of Tests: Pathology Tests contribute slightly higher to the Revenue as Blood Tests are easily conducted and usually required for diagnosis of most diseases. The Radiology tests are, however, highly priced as compared to Pathology and make up a heavy chunk of the Revenue.

Competitive Landscape

The competitive rivalry is medium among the competitors. There are Private Hospitals and Independent Labs in the market. Hoan My Medical Corporation, Diag Laboratories and Medic-Lab dominated the Clinical Laboratories Market in Vietnam in 2022P.

Future Outlook

The Clinical Laboratories companies can expand into other geographies in the Vietnam, like Hoi An and Da Nang, which can be developed for healthcare. Customer Experience can be key as the market is still fresh and a lot more players can enter.

Scope Of The Report

Scope of the Report

By Type of Labs	Independent Labs Private Hospital Labs Public Hospital Labs
By Independent Labs	Organized Labs Unorganized Labs
By Private Hospital Labs	In-House Labs Third Party Tie-Ups
By End-User	Corporate Clients Walk-Ins Doctor Referrals Online Referrals
By Payor	Out-of-Pocket Corporate Insurance Private Insurance Universal Health (Vietnam Govt.)
By Type of Tests	Pathology Radiology Others
By Region	Northern Southern Central
By Age	0-20 20-40 40-60 Above 60

Report scope can be customized per your requirements. Click here.

Products

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Clinic Service Providers
Clinic Equipment Distributors
Clinic Equipment Manufacturers
Clinics
Hospitals
Healthcare Companies
Pharmaceutical Companies
Tourism Agencies
Government Bodies & Regulating Authorities
Market Research and Consulting Firms

Time Period Captured in the Report

Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2023F-2027F

Companies

Major Players Mentioned in the Report

Medic-Lab
Diag Laboratories
Chemedic Joint Stock Company
Labo TH Vietnam
FV Hospital
HONG NGOC
Vin Mec
Omron
Abbott
Terumo
Siemens

1. Executive Summary

1.1 Executive Summary: Vietnam Clinical Laboratories Market

2. Country Overview: Vietnam

2.1 Overview of Vietnam

2.2 Population Analysis for Vietnam

2.3 Healthcare Analysis for Vietnam

2.4 Health Insurance (Public, Private) Coverage in Vietnam

3. Market Overview of Clinical Laboratories Market in Vietnam

3.1 Cross Comparison of Clinical Laboratories Market in Vietnam with Other Countries

3.2 Ecosystem of Clinical Laboratories Market in Vietnam

3.3 Evolution of Independent Clinical Laboratories Market in Vietnam

3.4 Value Chain of Clinical Laboratories Market in Vietnam

4. Market Size of Clinical Laboratories Market in Vietnam

4.1 Market Size of Clinical Laboratories Industry in the Vietnam on the basis of Revenue, 2017-2022P

5. Market Segmentation of Clinical Laboratories Market in Vietnam, 2022P

5.1 Segmentation by Type of Labs (Public Hospital Labs, Private Hospital Labs, Independent Lab chains)

5.2 Segmentation by Number of Independent Labs (Organized, Unorganized)

5.3 Segmentation by End-User (Corporate Clients, Walk-Ins, Doctor Referrals, Online Referrals) and By Private Hospital Labs (In-House Labs, Third Party Tie-ups)

5.4 Segmentation by Type of Tests (Pathology, Radiology) and by Payor (Out-of-Pocket, Corporate Insurance, Private Insurance, Government Insurance)

5.5 Segmentation by Customer Age (0-20, 20-40, 40-60, Above 60) and by Region (Northern, Southern, Central)

6. Industry Analysis

6.1 Trends and Developments in Vietnam Clinical Laboratories Market

6.2 Key Challenges in Vietnam Clinical Laboratories Market

6.3 SWOT Analysis: Vietnam Clinical Laboratories Market

6.4 Growth Drivers of Vietnam Clinical Laboratories Market

6.5 Impact of Covid-19 on Vietnam Clinical Laboratories Market

6.6 Vietnam Clinical Laboratory Setup Procedure

6.7 Next Generation Laboratory Technology Trends

7. Competition Analysis

7.1 Competition Scenario for Vietnam Clinical Laboratories Market

7.2 Market Positioning Analysis for Clinical Laboratories Market in Vietnam

7.3 Market and Competitor Analysis by comparing Industry Growth

7.4 Company Profile/Competitive Landscape of Major Organized Diagnostics Labs in Indonesia (Company Overview, Regions, Lab Equipment Supplies,

Third Party Tie-Ups, Recent Developments, Future Plans, Number of Labs and Branches, Number of Tests Conducted, Revenue per Visit, Best

Selling Tests, Revenues in USD (2021), Revenue Split by Type of Tests (2021), Marketing Expenditure (2021)

7.5 Pricing Analysis of Market players

7.6 Case Study: Diag Laboratories

8. Future Outlook and Projections, 2023E-2026E

8.1 Future Market Size of Clinical Laboratories Market in Vietnam on the basis of Revenue, 2023E-2027E

8.2 Future Market Segmentation by Type of Labs (Public Hospital Labs, Private Hospital Labs, Independent Lab chains)

8.3 Future Market Segmentation by Number of Independent Labs (Organized, Unorganized)

8.4 Future Market Segmentation by Private Hospital Labs (In-House Labs, Third Party Tie-ups) and By End-User (Corporate Clients, Walk-Ins, Doctor Referrals, Online Referrals)

8.5 Future Market Segmentation by Payor (Out-of-Pocket, Corporate Insurance, Private Insurance, Government Health Insurance) and By Type of Tests (Pathology, Radiology)

8.6 Future Market Segmentation by Region (Northern, Southern, Central) and By Customer Age (0-20, 20-40, 40-60, Above 60)

9. Analyst Recommendations

10. Industry Speaks

11. Research Methodology

11.1 Market Definitions and Assumptions

11.2 Abbreviations

11.3 Market Sizing Approach

11.4 Consolidated Research Approach

11.5 Understanding Market Potential Through In-Depth Industry Interviews

11.6 Primary Research Approach

11.7 Limitations and Future Conclusion

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Research Methodology

Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.

Market Building: Exhaustive secondary research done on the Clinical Laboratories industry. Gathered information on the Clinical Laboratories industry from several industry articles, company websites, blogs, industry reports.

Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.

Research output: Our team will approach MBO providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from MBO players.

For any queries related to research methodology, click here to schedule a call with our analysts

Frequently Asked Questions

What is the Study Period of this Market Report?

The Vietnam Clinical Laboratories Market is covered from 2017–2027 in this report, including a forecast for 2023-2027.

What is the Future Growth Rate of the Vietnam Clinical Laboratories Market?

The Vietnam Clinical Laboratories Market is expected to witness a CAGR of ~10.4%.

What are the Key Factors Driving the Vietnam Clinical Laboratories Market?

Rise in communicable and non-communicable diseases, consumption habits and growth of Health-Tech and digital adoption.

Which is the Largest Lab Type Segment within the Vietnam Clinical Laboratories Market?

The public hospital lab type segment held the largest share of the Vietnam Clinical Laboratories Market in 2022.

Who are the Key Players in the Vietnam Clinical Laboratories Market?

Medic-Lab and Diag Laboratories.

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