Vietnam mechanical ventilators market size, share, growth drivers, trends, opportunities & forecast 2025–2030

Vietnam Mechanical Ventilators Market Overview

• The Vietnam Mechanical Ventilators Market is valued at USD 140 million, based on a five-year historical analysis. This growth is primarily driven by the increasing prevalence of respiratory diseases, the rising geriatric population, and the expansion of healthcare infrastructure. The demand for mechanical ventilators has surged, particularly in response to the COVID-19 pandemic, which highlighted the critical need for advanced respiratory support systems in hospitals and emergency care settings. The market is further influenced by ongoing investments in modernizing hospital equipment, adoption of smart ventilator technologies, and the growing trend toward home-based respiratory care solutions .
• Key cities such as Ho Chi Minh City, Hanoi, and Da Nang dominate the Vietnam Mechanical Ventilators Market due to their advanced healthcare facilities and higher population density. These urban centers are equipped with modern hospitals and medical institutions that require sophisticated ventilatory support systems, thus driving the demand for mechanical ventilators in these regions. The concentration of tertiary care centers and government-led healthcare infrastructure upgrades in these cities further accelerates market growth .
• The Circular No. 07/2023/TT-BYT issued by the Ministry of Health in 2023 mandates that all hospitals in Vietnam must maintain a minimum number of mechanical ventilators proportional to their licensed bed capacity. This regulation aims to enhance the preparedness of healthcare facilities for respiratory emergencies and improve patient care standards across the country by requiring compliance audits and periodic reporting on ventilator inventory and operational status .

Vietnam Mechanical Ventilators Market Segmentation

By Type:The market is segmented into various types of mechanical ventilators, including Invasive Ventilators, Non-Invasive Ventilators, Portable/Transport Ventilators, Intensive Care Ventilators, High-Frequency Ventilators, and Others. Among these, Invasive Ventilators are the most widely used due to their effectiveness in critical care settings, particularly for patients with severe respiratory failure. The demand for Non-Invasive Ventilators is also growing, driven by the increasing preference for less invasive treatment options and advancements in patient comfort and safety. The Portable/Transport Ventilators segment is gaining traction as well, especially in emergency medical services and home care scenarios, supported by the development of compact, battery-operated models .

By End-User:The end-user segmentation includes Hospitals, Home Care Settings, Emergency Medical Services, Ambulatory Surgical Centers, Rehabilitation Centers, and Others. Hospitals are the primary end-users of mechanical ventilators, accounting for a significant share of the market due to their need for advanced respiratory support in critical care units. The Home Care Settings segment is also expanding as more patients prefer receiving care at home, leading to increased demand for portable and non-invasive ventilators. Emergency Medical Services are increasingly adopting transport ventilators for pre-hospital and inter-facility patient transfers, reflecting the broader trend toward mobile and decentralized respiratory care .

Vietnam Mechanical Ventilators Market Competitive Landscape

The Vietnam Mechanical Ventilators Market is characterized by a dynamic mix of regional and international players. Leading participants such as Philips Healthcare, Medtronic, GE Healthcare, Drägerwerk AG, ResMed, Hamilton Medical, Nihon Kohden Corporation, Smiths Medical, Vyaire Medical, Getinge Group, Mindray Medical International, Fisher & Paykel Healthcare, Air Liquide Medical Systems, Löwenstein Medical, Aeonmed Group contribute to innovation, geographic expansion, and service delivery in this space.

Vietnam Mechanical Ventilators Market Industry Analysis

Growth Drivers

• Increasing Prevalence of Respiratory Diseases:The World Health Organization reported that respiratory diseases affect approximately 7 million people in Vietnam annually. This rising incidence is primarily due to urban pollution and smoking, leading to a heightened demand for mechanical ventilators. The Vietnamese government has allocated approximately $1.5 billion for healthcare improvements in future, which includes enhancing respiratory care facilities, thereby driving the need for advanced ventilators to manage these conditions effectively.
• Rising Demand for Advanced Healthcare Infrastructure:Vietnam's healthcare expenditure is projected to reach $20 billion in future, reflecting a significant investment in modern healthcare infrastructure. This growth is driven by an increasing middle-class population seeking better healthcare services. As hospitals upgrade their facilities, the demand for advanced mechanical ventilators is expected to rise, with an estimated 30% increase in procurement budgets for respiratory care equipment in urban hospitals.
• Government Initiatives to Enhance Healthcare Access:The Vietnamese government has launched initiatives aimed at improving healthcare access, including the National Health Insurance program, which covers over 85% of the population. In future, the government plans to invest an additional $500 million in healthcare access programs, which will facilitate the procurement of mechanical ventilators for public hospitals, thus increasing their availability and usage in critical care settings across the country.

Market Challenges

• High Cost of Advanced Mechanical Ventilators:The average cost of advanced mechanical ventilators in Vietnam ranges from $10,000 to $50,000, which poses a significant barrier for many healthcare facilities, especially in rural areas. With the average hospital budget for respiratory equipment being around $200,000, the high upfront costs limit the ability of institutions to invest in multiple units, thereby restricting patient access to necessary respiratory support.
• Regulatory Hurdles in Product Approval:The approval process for medical devices in Vietnam can be lengthy and complex, often taking up to 12 months. This delay is exacerbated by stringent regulations imposed by the Ministry of Health, which can hinder the timely introduction of innovative ventilator technologies. As a result, manufacturers face challenges in meeting market demands promptly, impacting overall market growth and accessibility of advanced ventilators.

Vietnam Mechanical Ventilators Market Future Outlook

The Vietnam mechanical ventilators market is poised for significant transformation, driven by technological advancements and increasing healthcare investments. The integration of artificial intelligence in ventilator technology is expected to enhance patient outcomes and operational efficiency. Additionally, the shift towards home healthcare solutions will likely expand the market, as more patients seek portable and user-friendly ventilators. These trends indicate a promising future for the industry, with a focus on improving accessibility and quality of care for respiratory patients.

Market Opportunities

• Expansion of Telemedicine and Remote Monitoring:The rise of telemedicine in Vietnam, projected to grow by 25% in future, presents an opportunity for integrating remote monitoring with mechanical ventilators. This integration can enhance patient management and reduce hospital visits, making ventilators more accessible to patients in remote areas, thereby increasing their usage and demand.
• Collaborations with International Manufacturers:Partnerships with international manufacturers can facilitate technology transfer and innovation in ventilator design. With Vietnam's healthcare market expected to attract $1 billion in foreign investment in future, such collaborations can enhance local production capabilities and improve the availability of advanced ventilators, addressing both quality and cost challenges.