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The Medical Device Market: Vietnam

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A new law was passed in November 2008, which took effect in October 2009, making health insurance compulsory for all citizens. The government hopes to achieve total coverage by 2014. Under the new law, there are three levels of benefits under health insurance schemes, the first level covers all or 100% of expenses at nominated medical facilities, while the other two levels will cover 95% and 80% of the expenses respectively with the patient making up the rest.

The government has pledged 45.2 trillion Dong (US$2.5 billion) to build or upgrade specialty hospitals and some provincial-level general hospitals in mountainous and other disadvantaged areas in the 2009-2013 period. http://www.bharatbook.com/market-research-reports/medical-devices-market-research-report/the-medical-device-market-vietnam.html

The private healthcare sector in Vietnam has expanded since the lifting of the ban on private practice in 1989. People often choose to use private facilities, if they can afford to do so, as the quality of state healthcare provision is very poor. According to latest data, an estimated 61.3% of healthcare expenditure is private.

An estimated 90.7% of the medical device market is supplied by imports, and the sector is growing rapidly. Singapore, Japan and China are the leading suppliers, accounting for 45.6% of imports in 2009. Local production is limited to basic items such as syringes and hospital beds. The value of exports reached US$255.3 million in 2009, with 31.8% of medical products exported to Japan. The value of exports has been growing fast, as overseas companies, mainly Japanese, use the country as a manufacturing base.

Vietnam receives a large amount of international aid in the form of loans and donated medical equipment. A number of small projects are currently taking place in Vietnam, including those funded by the World Bank and the EU. The country became a WTO member in 2007.

In 2011, the Vietnamese market for medical equipment and supplies is estimated at US$599 million, or US$7 per capita. It is expected that the device market will continue to expand strongly at 15.2% per annum. This will take the Vietnamese market to around US$1.2 billion in 2016, although the per capita rate will remain low.

Collated monthly data to December 2011 shows that imports fell by 18.0% to US$389.1 million. The final total, once custom records are fully updated, is more likely than not to yield a higher result for 2011, as not all countries have reported their figures at the time of writing.

EXECUTIVE SUMMARY..... 1
Introduction........... 2
MEDICAL DEVICE MARKET ANALYSIS..... 3
Overview........3
The Market in 2011 .....4
Past Performance 2006-10 ......7
Future Performance 2011-16...8
The Vietnam Market For Consumables ...........12
The Vietnam Market For Diagnostic Imaging Apparatus ...........14
The Vietnam Market For Dental Products........16
The Vietnam Market For Orthopaedic Products ...........18
The Vietnam Market For Patient Aids .20
Imports .........22
Consumables 23
Diagnostic Imaging..... 23
Dental Products.......... 23
Orthopaedic & Prosthetic Products...... 23
Patient Aids ... 23
Monthly Imports Data .......... 33
Domestic Manufacturing ........35
Domestic Production.. 35
Local Manufacturers... 35
Multinationals 36
MEDIPLAST ........... 36
B Braun...... 36
Shimadzu... 37
Sonion........ 37
Exports.........38
Consumables 39
Diagnostic Imaging..... 39
Dental Products.......... 39
Orthopaedic & prosthetic Products ...... 39
Patient Aids ... 39
Monthly Exports Data .......... 47
ACCESSING THE MARKET .......... 48
Distribution ...48
Medical Device Regulations...48
Healthcare Analysis......... 49
Demographics...........49
Population ..... 49
Birth Rate... 50
Death Rate. 50
Infant Mortality ........ 50
Life Expectancy at Birth....... 50
Public Health . 50
Causes of Death..... 50
Incidence of Communicable Diseases .......... 50
Incidence of Non-communicable Diseases ... 51
HIV/AIDS ... 51
Healthcare System....51
Health Insurance in Vietnam ............ 52
Health Expenditure ...53
Healthcare Infrastructure .......54
Vietnam to Spend Over US$2.5 Billion on Hospital Development in 2009-2013........... 54
Deutsche Bank and Vinacapital invest in Hospital Group ....... 54
Selected Facilities with Advanced Medical Equipment.. 55
Cho Ray Hospital.... 55
Bach Mai Hospital... 55
Cyclotron Centre in Hanoi ... 55
Healthcare Personnel ............55
DIRECTORY......... 56
Healthcare Organisations ......56
Trade Code Classifications.......... 58
Methodology........ 60
Sources... 60

For more information kindly visit :
The Medical Device Market: Vietnam

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