Vietnam’s diagnostic imaging market, valued at US$201.04 million in 2023, is set for significant growth, driven by an annual compound growth rate of 5.2 percent through 2029, according to a report from Research and Markets. The report suggests a key factor contributing to this robust expansion is the growing incidence of chronic diseases and age-related health conditions in the country, which are creating a surge in demand for advanced diagnostic imaging services essential for enabling early detection, precise diagnosis, and effective treatment of various ailments.
The report goes on to say that, alongside increasing healthcare needs, rising healthcare expenditure and substantial investments in Vietnam’s medical infrastructure are further propelling the market. The government and private sector’s focus on enhancing healthcare facilities is leading to the establishment of new diagnostic imaging centres, particularly in urban areas, where access to advanced medical technology is more readily available. These trends indicate a promising future for Vietnam’s diagnostic imaging sector as it adapts to meet the evolving healthcare demands of its population.
See also: Vietnam’s Healthcare Industry