Ho Chi Minh City- Medical Tourism is One of Promising Potential
In recent years, Vietnam has witnessed significant growth in medical tourism. According to the Vietnam National Administration of Tourism, the country welcomed over 300,000 medical tourists in 2019, with an annual growth rate of approximately 30%.
This trend is expected to continue as Ho Chi Minh city, the economic center which attracting global professional expats in Vietnam. The city gradually develops high quality medical care and a wide range of medical procedures, including cosmetic surgery, dental treatments, fertility treatments, and more.
In addition, local medical services offer competitive costs compared to neighboring countries. For example, the cost of heart bypass surgery in Vietnam is 10,000-15,000 USD while in Thailand it costs 25,000-30,000 USD. The popular All-on-4 dental implants have the average cost of 5,000-7,000 USD per jaw in Vietnam, meanwhile in Singapore charge up to 20,000-25,000 USD per jaw.
Need for High-Tech Medical Devices in Vietnam?
While Vietnam’s healthcare industry is experiencing a surge in medical tourism, there is a high demand for importing advanced medical equipment.
Vietnam’s medical device market reached a revenue of 1.4 billion USD in 2022. Cardiology devices led the market, accounting for 15%, followed by diagnostic imaging devices at 11%. Hence, to provide the best possible care, these devices rely on cutting-edge technology. Advanced imaging systems, robotic surgical equipment, telemedicine solutions, and other innovative technologies are essential to meet the evolving needs of patients and healthcare providers. These devices not only improve diagnostic accuracy and treatment outcomes, but also contribute to the overall development of Vietnam’s healthcare sector.
The Bottomline
The rise of medical tourism in Vietnam is creating a surge in demand for medical devices, especially imported equipment. So why enter the Vietnam market now?
- Thriving Medical Tourism
- Medical Device Import Reliance
- Growing Health Sector
Join Qualtech for Vietnam market development
With more than 20 years of experience, Qualtech is your best partner in Vietnam:
- A presentative office in Ho Chi Minh City
- Professional local regulatory experts
- Vietnam market entry strategies
- Holistic understanding of Vietnam regulatory compliance
References:
- Medical Tourism in Vietnam: Opportunities and Challenges for Foreign Stakeholders
- Ho Chi Minh City taps potential for medical tourism