Increasing investment in diagnostic technologies is driving the growth of the Vietnam CT Scanners Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam CT Scanners Market – By Region, Competition Forecast & Opportunities, 2027”, Vietnam CT scanners market has shown promising growth in historical years until 2021 and is expected to continue its growth in forecast years 2023 to 2027. Vietnam CT scanners market owes its growth to the factors like increasing investment in the healthcare infrastructure and product development for effective and efficient medical devices that can guarantee early diagnosis.
Moreover, increasing geriatric population of the country is also majorly responsible for the market growth. Geriatric population is more susceptible to the chronic diseases, and their weaker immunity adds to the risk of getting infected with infectious diseases. Additionally, increasing technological advancement in the CT scanners are driving the growth of the Vietnam CT scanners market in the upcoming five years.
Availability of the multiple market players in the country and their increased production is further supporting the growth of the Vietnam CT scanners market in the next five years. Increasing instances of cancer, neurological diseases and chronic diseases is further substantiating the growth of the Vietnam CT scanners market in the future five years.
With rapidly increasing cases of such diseases, the population is also demanding for the quick identification and then effective treatment of the diseases thereby aiding the growth of the Vietnam CT scanners market in the forecast years, until 2027. Surge in research and development of the innovative products is also aiding the growth of the Vietnam CT scanners market in the forecast period.
Although, increased expenses of the CT scanner devices and increasing advancement in other diagnostic equipment may hold back the growth of the market but increasing patient count and governmental support may overcome the hindrance and support the growth of the Vietnam CT scanners market in the future five years.
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The Vietnam CT scanners market segmentation is based on slice, modality, device architecture, application, end users, competitional landscape, and regional distribution. Based on application, the market is also fragmented into cardiology, oncology, neurology, and others. Cardiology is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing cardiovascular instances in the country.
Moreover, increasing geriatric population of the country that is at higher risk of cardiovascular disease sis also aiding to the growth of the Vietnam CT scanners market in the next five years. Oncology is also anticipated to register significant growth in the future five years on account of increasing research and technological advancement in the drug development and early diagnosis of cancer and cancerous cells in the body.
On the basis of modality, the market is further bifurcated into fixed and mobile. Fixed CT scanners are expected to dominate the market on the account of increased installation of the same in hospitals and clinics. The increasing patient count in the hospitals and clinics further drive the growth of the sub-segment and growth of the Vietnam CT scanners market in the upcoming five years.
Mobile CT scanners are expected to register fastest growing CAGR in the next five years on the grounds of increasing utilization of portable devices in diagnostic centers, and ambulatory surgical centers. Portable devices make it easier to move the device to the patient and doctor’s convenience thereby supporting the growth of the sub-segment along with the growth of the Vietnam CT scanners market in the future five years.
A partial list of major market players of the Vietnam CT scanners market includes:
· GE Healthcare
· Philips Healthcare Vietnam
· Siemens Healthineers Vietnam
· Neusoft Medical Systems Vietnam
· Canon Medical Systems Vietnam
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“Hospitals are anticipated to lead the end user segment in the upcoming five years on the grounds of higher patient burden than other end users. Increasing demand for high end diagnostic imaging services further substantiate the demand for the CT scanners in the hospitals and thus the growth of the Vietnam CT scanners market in the upcoming five years. Moreover, CT scanners manufacturing in the Vietnam is increasing with the availability of the resources, increased investment through private and governmental support along with the cheap labor, and the factors are further anticipated to support the Vietnam CT scanners market growth. Applications of the device in diagnosis of various diseases like cardiovascular diseases, cancer disease, neurological diseases, and research purposes are expected to substantiate the futuristic growth of the Vietnam CT scanners market in the upcoming five years. Increasing instances of the chronic diseases, poor lifestyle influenced diseases are expected to further aid the Vietnam CT scanners market growth. New market players may align their strategies and merger and acquisitions with the global giants functional in the country would further aid their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam CT Scanners Market By Slice (8-slice, 16-slice, 32-slice, 64-slice, 128-slice & above), By Modality (Fixed v/s Mobile), By Device Architecture (O-arm v/s C-arm), By Application (Cardiology, Oncology, Neurology, Others), By End Users (Hospitals, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Vietnam CT scanners market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam CT scanners market.
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