Vietnam MRI market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing demands for the early diagnosis and efficient medical diagnosis that provide accurate diagnosis of the diseases. Moreover, increasing instances of orthopedic diseases like spine lesions, tumorous cancer further drives the growth of the Vietnam MRI market in the upcoming five years.
Magnetic Resonance Imaging (MRI) systems are the medicinal diagnostic machines that utilizes magnetic field generation and computerized image generation to identify and diagnose diseases and problems in the organs of the body. The MRI machines are large, heavy-duty, and tube-shaped magnets, that realigns water molecule in the human body temporarily to create a magnetic field. Radio waves that are emitted through computerized source produces faint signals that with the help of MRI can create cross-sectional images in the form of thin slices. Due to possibility of sliced imaging, 3D structure of the organ can easily be created for further detailed diagnosis.
Neurological Diseases Increase Demand For MRI Systems
Nearly two-thirds of the death in Vietnam are attributed to neurosurgical pathologies. Increasing instances of neurological disorders that cause stroke, traumatic brain injury etc. often causes death due to lack of availability of the immediate medical attention. Utilizing advanced technologies like magnetic resonance imaging (MRI) for the early diagnosis of the underlying causes, and immediate attention to the patient in case of strokes with clear understanding of chronic condition, would aid the growth of the Vietnam MRI market in the upcoming five years.
Use of MRI also includes the other chronic diseases like cardiovascular diseases and cancer among other diseases. Creating a 3D image for the diagnosis of the cause of cardiovascular disorder, or in case of vessel blockages in the heart can easily be analyzed and effective minimally invasive surgeries can be performed further, thus MRI plays vital role in early and effective diagnosis of cardiovascular diseases.
Academic Application Support Market Growth
The country withstands population burden of more the 97 million as per the records from year 2020. The number of doctors per thousand population in Vietnam is 9. Thus, the demand for experts, doctors and lab technicians to ensure excellent patient care is rapidly increasing. Hands-on practice for the instruments, equipment, tools, and related medical devices is a must for generating eligible healthcare practitioners. Thus, increasing demands for the academic applications for the MRI machines are anticipated to further drive the growth of the Vietnam MRI market in the next five years.
Increasing number of hospitals would also upsurge the demand for MRI systems, aligning with the increasing demand for world-class facilities for healthcare for the population of the country. Total number of public hospital in the country were 1260 in the year 2020 that grew from 1008 count in 2010. Moreover, the private hospitals have also been growing recently. From only 121 private hospitals in 2010, the country has 568 private hospitals in 2020, and the count is still increasing, thus further substantiating the growth of the Vietnam MRI market in the future five years.
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Market Segmentation
The Vietnam MRI market is segmented by field strength, type, architecture, application, end user, competitional landscape, and regional distribution.
Based on type, the market is again segmented between fixed and mobile. By architecture, the market segmentation is differentiated between closed MRI systems and open MRI systems. On the basis of application, the market segment is bifurcated into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, and others. Market segments on the basis of end user, is further fragmented into hospitals, imaging centers, ambulatory surgical centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and the Southern region.
Company Profile
GE Healthcare, Philips Healthcare Vietnam, Siemens Healthineers Vietnam, Canon Medical Systems Vietnam, Neusoft Medical Systems Vietnam
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | - Field Strength
- Type
- Architecture
- Application
- End User
|
| Regional scope | Northern region, Central region, and Southern region. |
| Key companies profiled | GE Healthcare, Philips Healthcare Vietnam, Siemens Healthineers Vietnam, Canon Medical Systems Vietnam, Neusoft Medical Systems Vietnam |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
