Vietnam’s production of medical, dental, orthopaedic, and rehabilitation equipment and instruments increased by 8.8 percent in December 2024 compared to November 2024, according to Vietnam’s Industrial Production Index.
Year-on-year, the sector recorded robust growth of 16.5 percent in December 2024 compared to December 2023. Over the full year, cumulative growth stood at 9.2 percent in 2024 compared to 2023, reflecting consistent expansion throughout the year.
The sharp monthly increase highlights rising demand for medical equipment at year-end, potentially driven by healthcare sector investments and export growth. The strong annual performance underscores Vietnam’s growing capacity to manufacture high-quality medical instruments and devices for both domestic use and international markets.
The sector benefits from increased investments in advanced manufacturing technologies and a focus on meeting global standards. Vietnam’s strategic emphasis on developing its healthcare infrastructure and export capabilities positions the industry for further growth.
The consistent growth in 2024 underscores the importance of this sector in Vietnam’s industrial landscape and its potential for continued expansion in global markets.
See also: Healthcare Industry in Vietnam