Vietnam Telemedicine Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The Vietnam Telemedicine Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Vietnam Telemedicine market. This report explores all the key factors affecting the growth of the global Vietnam Telemedicine market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the Vietnam Telemedicine Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)

The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis

We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses

All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis

Inflation has not been accounted for in order to estimate and forecast the market

Numbers may not add up due to rounding off

Reason to buy the report:

Facilitate decision-making based on strong current and forecast data for Vietnam Telemedicine Market Analysis

Develop strategies based on the latest regulatory framework

Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market

Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Vietnam Telemedicine Market Analysis

Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders

To strategically profile key players and comprehensively analyze their market shares and core competencies

We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Vietnam Telemedicine Market Analysis Executive Summary

Vietnam telemedicine market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2028. Vietnam telemedicine market owes its growth to the factors like extensive research and technological advancements in the telemedicine services.

Market Size and Key Findings

The Vietnam Telemedicine Market Analysis size stood at around USD 16.1% billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The Vietnam telemedicine market is flourishing and projected to grow at a CAGR of 16.1% during the forecast period (2021-2028).

Market Dynamics

Market Growth Drivers Analysis

Lack of access to care and rising provider adoption of telemedicine, and surging consumer demand and patient acceptance is further driving the growth of the Vietnam telemedicine market in the upcoming five years. Additionally, rising population and their demand for the accessible healthcare services is further anticipated to drive the growth of the Vietnam telemedicine market in the next five years. Also, growing prevalence of chronic diseases and demand for efficient and effective treatment for the prevailing chronic diseases is further supporting the growth of the Vietnam telemedicine market in the future five years. Healthcare industry demands huge amount of investment through governmental and private investments, rising healthcare costs and technological innovations is also substantiating the growth of the Vietnam telemedicine market.

Market Restraints

Due to ill-equipment, insufficient numbers of doctors and health care professionals, and poor healthcare infrastructure, most rural people are required to travel long distance to access modern healthcare facilities mostly located in urban areas. To overcome this disparity in healthcare access, Telemedicine market can play a critical role. To introduce a new program, resource limitation is one of the major problems in developing countries. Although Telemedicine is started with high desire, it cannot reach its destination due to high costs, underdevelopment infrastructure, and lack of technical expertise.

Covid-19 Market Impact Analysis

The ongoing COVID-19-pandemic has created a growing demand for telemedicine in the country and has contributed to the growth of the Vietnam telemedicine market. The surging number of COVID-19 cases in the country strained the healthcare industry of the country and in the hour of need, telemedicine companies came forward. By August 2021, Vietnam was battling the fourth COVID-19 wave in the country and telemedicine startups like Docoscan offered free teleconsulting to ease the pressure on the healthcare system. Now, with the emergence of the highly transmissible Omicron variant, cases of COVID-19 are surging again and it is expected to contribute to the growth of the telemedicine market in Vietnam in the coming years.

Competitive Landscape

Key Players

Jio Health, eDoctor, Nhi ng 315, Med247, DOCOSAN, among others are some of the market shareholders that drive the future growth of the Vietnam telemedicine market. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers.

Products in Pipeline

In August 2021, Vietnam announced the launch of a Telehealth platform connecting district-level healthcare facilities to make access to healthcare easier, especially during COVID-19. Prime Minister Pham Minh Chinh witnessed doctors of Cho Ray Hospital make telehealth connection with Can Gio Hospital in Ho Chi Minh City, Hau Nghia General Hospital in the southern province of Long An and Thuan An Hospital in the southern province of Binh Duong.

Notable Recent Deals

In late 2015, state-owned telecom operator Viettel introduced its telehealth solution to some Metropolitan hospitals in the northern part of Vietnam, offering critical diagnosis consultation and medical education research, but not including treatment.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In late 2016, the Quang Ninh Department of Health had a great initiative to create a telehealth network that combined access to 24 hospitals and community healthcare centres to provide medical care to remote communities. Just a few months ago, National Hospital of Paediatrics in Hanoi has also rolled out its telehealth system. This Viettel solution is actually quite widely adopted in Vietnam and services have been extended to include remote patient monitoring.

It is a good initiative and good timing for the Vietnamese government to promote this digital transformation in the healthcare sector.
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Vietnam Telemedicine Market Analysis Segmentation

By Component:

The Vietnam telemedicine market is segmented by component, deployment mode, type, technology, application, end user, regional distribution, and competitive landscape. Based on component, the market is further fragmented into services, software, and hardware. Services are anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of surging demand for the telemedicine services.

By Deployment mode:

Based on deployment mode, the market is further segmented on the into on-premises, cloud. On-premises deployment method is expected to register maximum revenue shares in the future five years on the account of factors like direct access to care delivery. The on-premises care can be through telephonic (mobile) or visualized care (internet video calling) giving procedures. These methods are cost effective, easier to access and more personal and comforts the patient in having assured of the care provisions through professionals.

By Type:

Based on type, the market is further bifurcated into tele-hospitals, mHealth, and tele-homes. Tele-homes are anticipated to hold the largest revenue shares of the market and assert its dominance over the market segment in the upcoming five years on the account of rapidly increasing chronic diseases. Tele-home care is a very impressive method and an innovative way to provide patient care post-op and pre-op monitoring, and telecommunications. These factors are further aiding the growth of the Vietnam telemedicine market in the next five years.

By Technology:

By technology it is based on Store & Forward, Real Time and Others

By Application:

By application it is segmented into services like telepathology, telecardiology, teleradiology, tele-dermatology, telepsychiatry, and other services have gained popularity and demand from the population and thus driving the growth of the Vietnam telemedicine market in the next five years.

By End-User:

Based on end-user, it is segmented into payer, patients and Provider.

Highlighted Segments of Vietnam Telemedicine Market:

Industry Overview: The first section of the research study covers an overview of the global Vietnam Telemedicine Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global Vietnam Telemedicine Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global Vietnam Telemedicine Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global Vietnam Telemedicine Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Vietnam Telemedicine Market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Vietnam Telemedicine Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Vietnam Telemedicine Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Vietnam Telemedicine market
Chapter 2: Exclusive Summary - the basic information of the Vietnam Telemedicine Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Vietnam Telemedicine
Chapter 4: Presenting the Vietnam Telemedicine Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Vietnam Telemedicine market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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-An extra edge in the competitive market could be obtained from this elaborative research report
-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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