Vietnam’s telemedicine market was valued at US$360 million in 2024 and is projected to reach US$660 million by 2030, growing at a CAGR of 10.52 percent, driven by chronic disease burdens, digital infrastructure upgrades, and strong government support, according to a report from MarkNtel Advisors.
Key drivers include rising rates of cardiovascular and chronic diseases, 5G and smartphone penetration, cloud-based platforms, and the adoption of AI and machine learning for remote diagnostics and monitoring.
The report also notes that:
- The government is accelerating rollout through initiatives like Doctor for Everyone and new legal frameworks, with the Ministry of Health backing teleconsultation regulations and supporting infrastructure in remote provinces.
- Mobile health (mHealth) apps dominate the market, accounting for about 64 percent of telemedicine usage due to widespread smartphone adoption and Vietnam’s growing Gen-Z and millennial population.
- Hospitals and clinics remain the leading users of telemedicine, driven by overcrowding, urban patient surges, and policy mandates promoting remote consultation to ease pressure on physical infrastructure.
Vietnam’s shift toward telemedicine opens significant opportunities for foreign firms in digital health platforms, AI diagnostics, and cloud-based health solutions. However, underdeveloped digital infrastructure in mountainous regions remains a barrier, and market success will depend on local partnerships, regulatory navigation, and long-term investment in service delivery.
See also: Vietnam Healthcare Industry Overview: Growth, Investment, and Opportunities