The report titled “Vietnam Clinical Laboratory Market Outlook to 2022- by Labs (Hospital Labs, Independent Labs and Physician Office Labs) and Type of Tests (Lab Test, X-Ray, Ultrasound and CT Scan)” provides a comprehensive analysis of Vietnam Clinical Laboratory Market by Labs (Hospital Labs, Independent Labs and Physician Office Labs) and Type of Tests (Lab Test, X-Ray, Ultrasound and CT Scan) along with company profiles of Medic Lab, VietLife and Hoan My. The report also covers Trends, Investment Model for Setting up a Diagnostic Laboratory, Analyst Recommendations and future outlook for Vietnam Clinical Laboratory Market.
Vietnam Clinical Laboratory Market Size and Overview
Clinical laboratories market have grown from USD ~ million in 2012 to USD ~ million in 2017 at a five year CAGR of ~% during the period due to rise in incidence and prevalence of communicable and non-communicable disease in the country coupled with increase in disease awareness campaigns. The market witnessed a decline in growth during 2016 due to low hospital budget allocated towards laboratories and slow economic growth of the country; however, bounced back in 2017. Government and private spending on establishing new hospitals coupled with rise in hospitals expenditure on replacing obsolete imaging and diagnostic instruments have positively augmented the market for clinical laboratories. Owing to increase in insurance coverage, clinical laboratories, especially hospital laboratories have witnessed a rise in clinical lab tests.
Market Segmentation
By Labs (Hospital Labs, Independent Labs and Physician Office Labs): Hospital Labs dominated the clinical laboratory market structure in Vietnam generating highest revenue with a share of ~% in 2017. Public hospital labs are the largest segment in terms of volume and revenue. They are preferred due to high quality standards and reasonable cost. Private hospitals labs segment grew at the fastest pace due to rise in per capita healthcare expenditure and incline in insurance coverage. Independent laboratories contributed second highest revenue share of ~% in clinical laboratory market. Physician office labs generated least revenue share due to lack of investment in laboratory equipments and low reimbursements from insurance coverage.
By Type of Tests (Lab Test, X-Ray, Ultrasound and CT Scan): Lab test dominated the type of test in Vietnam clinical laboratory market in 2017 generating ~% revenue share due to increase in the number of lab tests conducted over the years in the country. X-Ray contributed second highest revenue share of ~% in the type of test in Vietnam clinical laboratory market with Red River Delta attributing highest number of X-rays in 2015. Ultrasound contributed third highest revenue share of ~% in the type of test in Vietnam clinical laboratory followed by CT Scan contributing ~% revenue share.
Future Outlook to Vietnam Clinical Laboratories Market
Vietnam Clinical Laboratory market is poised to grow at a healthy CAGR of ~% during 2017-2022, driven by plans to build new hospitals, upgrade existing public hospitals and greater budget allocation for lab services. The private sector will continue to attract the affluent population, fuelling growth of routine and specialized tests. Public hospitals are expected to lead the Vietnam Clinical Laboratory market in terms of revenue followed by the private hospital labs, independent labs and physician office labs. Key opportunities for future in the market include clinical test outsourcing to independent labs, private sector continuing to attract affluent population, rise in demand for screening of infectious diseases and others.
Key Topics Covered in the Report
Vietnam Clinical Laboratory Market Overview and Size
Vietnam Clinical Laboratory Market Growth drivers
Vietnam Clinical Laboratory Market Restraints
Vietnam Clinical Laboratory Market by Labs (Hospital Labs, Independent Labs and Physician Office Labs)
Vietnam Clinical Laboratory Market by Type of Tests (Lab Test, X-Ray, Ultrasound and CT Scan)
Comparative Analysis of Major Diagnostic Laboratories
Trends in Vietnam Clinical Laboratory Market
Investment Model for Setting up a Diagnostic Laboratory
Analyst Recommendations for Vietnam Clinical Laboratory Market
Future Outlook for Vietnam Clinical Laboratory Market
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