Vietnam Health IT Solutions market has a slower growth rate of 4.5% CAGR (2018-2021) compared to e-Pharmacy and Online Consultation markets owing to the slow integration of digital health systems in hospitals. Most of the hospitals could not adopt digital services due to lack of technology and finances in the healthcare industry.
Market Segmentation of Health IT Solutions
By Customization: The market is conquered by Customized products as majority of the hospitals in Vietnam choose to customize products or software systems of Health IT according to the hospitals/ institutions specifications and needs.
By Type of Product: 100% of the public hospitals in Vietnam have installed Hospital Information System contributing the highest market share in Health IT Solutions. LIS adoption is relatively high at central-level hospitals, where maximum of the hospitals has implemented the system, but the adoption is slow at the lower-level hospitals.
By Region: The Northern Region of Vietnam contributes the highest market share to the Health IT Solutions in 2021. The market is concentrated in the Northern Region as it attracted large national conglomerates to enter the market, making it a high-quality medical hub. Moreover, changes in the country’s demographic & socio- economic factors like decreasing mortality rate and increased fertility rate, along with the increased urbanization and non-communicable diseases is driving the hospital market in all three regions.
Comparative Landscape in Vietnam Health Tech Market
The competition in e-Pharmacy was observed to be unorganized and moderately fragmented in e-Pharmacy with Pharmacity and Long Chau contributing the maximum market share. Key competitive parameters include price, business model, delivery options, availability of brands and retail partners. The market is majorly dominated by e-Pharmacy compared to the other two markets.
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In the Online Consultation market, the competition was identified to be unorganized and moderately fragmented with top players eDoctor, Med247 and Doctor Anywhere contributing the maximum market share. Key competitive parameters include fees, subscription, mode of consultation, cancellation and rescheduling and type of doctors and their availability.
The competition in Health IT Solutions was recognized to be moderately concentrated with three major dominating players in the market, namely FPT, VNPT and Viettel Solutions. Key competitive parameters include price, type of product, customization, after sale service, ease of expansion, technology advancement, service offerings, etc.
Vietnam Health Tech Market Outlook and Projections
The Health Tech market is projected to grow at double digit CAGR (2021-2026F). Factors such as socio-economic changes, increasing internet penetration, advanced technological implementations and strategic collaborations will drive the Vietnam Health Tech market in the near future. Moreover, the changing nature of illness translates to more demand for long-term and coordinated healthcare. Upcoming technologies such as implementation of Artificial Intelligence and Big Data in the healthcare system are along with the government Resolution 20NQ/TW from 2021, real estate and credit laws have been issued as incentives to further investments in the healthcare and IT sectors.
Key Segments Covered in the report: –
e-Pharmacy Market
By Oder Split
By Order Split
OTC Drugs
Prescribed Drugs
Non-Pharmaceutical Products and Medical Devices
By Oder Platform
Mobile Application
Web Browser
By Region
Northern Region
Central Region
Southern Region
Online Consultation Market
By Type of Doctor
General Practitioner
Specialized Doctor
By Type of Specialization
Pediatrics
Family Doctor
Dermatologist
Others (include ENT Specialist, Cardiologist, Optometrist, Psychiatrist and more)
By Region
Northern Region
Central Region
Southern Region
Health IT Solutions Market
By Type of Customization
Customized
Non- Customized
By Type of Product
HIS/LIS
Independent LIS
PMS
CMS
By Region
Northern Region
Central Region
Southern Region
Key Target Audience
Healthcare Industry
Pharmaceutical Industry
e-Pharmacy Companies
Online Consultation Companies
Health IT Solutions Companies
Hospitals & Clinics
Retail Pharmacy Drug Stores
Time Period Captured in the Report:
Historical Period: 2018-2021
Forecast Period: 2021-2026F
Companies Covered:
Pharmacity
Long Chau
Medicare
Phano Pharmacy
eDoctor
Med247
Doctor Anywhere
FPT
VNPT
Viettel Solutions
Key Topics Covered in the Report
Executive Summary of Health Tech Market in Vietnam
Vietnam Country and Healthcare Sector Overview
Vietnam Health Tech Market Overview
Major Challenges in Health Tech Market
Comprehensive Analysis on e-Pharmacy, Online Consultation and Health IT Solutions Markets (Market Size, 2018-2026F; Market Shares; Future Trends)
Major Regulations for e-Pharmacy, Online Consultation and Health IT Solutions Markets in Vietnam
Emerging Technologies in Health Tech Market
Strengths and Weaknesses of Major Health Tech Players in Vietnam
Competitive Landscape in e-Pharmacy, Online Consultation and Health IT Solutions Markets
Emerging Opportunities in Health Tech Market in Vietnam
Analyst Recommendations
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Future Outlook of Vietnam Health Tech Market
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