Technological advancements in medical sector are driving the growth of the Vietnam Nuclear Imaging Equipment Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam Nuclear Imaging Equipment Market – By Region, Competition Forecast & Opportunities, 2027”, Vietnam nuclear imaging equipment market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of increasing demands for the early diagnosis of cancer diseases. The country is heavily suffering from increasing instances of liver cancer, lung cancer, breast cancer, stomach cancer, colorectum cancer and others. Tendency of cancer cells to migrate to a new location and cause tumor cell generations at another site is a major cause due to which rapid increase in the cases are registered. In the year 2020, healthcare sector recorded over 182 thousand of male and female population affected from cancer. Thus, the demand for nuclear imaging equipment that can identify cancer cells with higher efficiency is increasing and driving the growth of the Vietnam nuclear imaging equipment market in the upcoming five years. Moreover, Vietnam healthcare industry is dependent on imported products from the international companies outside the country. Lack of resources and technology supports the supply of high-end medical devices like PET systems, and gamma camera through these channels, thus further supporting the growth of the Vietnam nuclear imaging equipment market in the next five years. The government also supports the industry through tax incentives, investing in the healthcare services and providing health insurances to its citizen.
Additionally, increasing geriatric population of the country is a major factor responsible for the growing demand of the nuclear imaging and thus substantiate the growth of the Vietnam nuclear imaging equipment market in the future five years. Geriatric population is highly susceptible to various neurological diseases. Also, diagnosing cancer cells in the older patient is difficult and requires precision and expertise along with the advanced technologies to infer the cases and thus aids growth of the Vietnam nuclear imaging equipment market in the forecast period.
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The Vietnam nuclear imaging equipment market is segmented by type, application, end user, competitional landscape, and regional distribution. Based on type, the market is differentiated between PET imaging systems and gamma camera imaging systems. Positron emission tomography (PET) imaging systems are anticipated to hold the largest revenue shares of the Vietnam nuclear imaging equipment market and dominate the market segment in the upcoming five years on the ground of its utilization in oncology, cardiology, and neurology. The PET imaging system measures metabolic activity and functions of the cells. Patients suffering from heart conditions or brain diseases and disorders undergo PET scans for the diagnostic purposes. Gamma camera imaging systems are also known as the scintillation camera that detects radiation from the entire FOV and enables the acquisition of dynamic as well as static images of the area of interest in the human body. The gamma radiations emitted from the radiotracer which is administered intravenously or orally. These camera also function with a basic principle of single photon emission computed tomography (SPECT).
On the basis of application, the market segment is bifurcated into oncology, cardiology, neurology, and others. Oncology segment may have highest demands for the nuclear imaging equipment in the upcoming five years on the grounds of increasing instances of cancer patients in the country. Rapidly increasing instances of both male and female patients suffering from lung, liver, breast, colorectum cancers, and other cancer types are at rise. Moreover, increasing mortality rate due to cancer has further increased the demand for early diagnosis of the diseases for efficient treatment, thus further supporting the growth of the Vietnam nuclear imaging equipment market in the next five years.
A partial list of major market players of the Vietnam nuclear imaging equipment market includes :
· GE Healthcare
· Philips Healthcare Vietnam
· Siemens Healthineers Vietnam
· Canon Medical Systems Vietnam
· Neusoft Medical Systems Vietnam
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“Hospitals & clinics are the largest segment generating maximum requirements for the nuclear imaging equipment. The imaging system that includes PET system and Gamma camera are expensive and affordability of the devices are not much feasible for smaller healthcare units. Thus, general hospitals, multispecialty hospitals, cancer hospitals upsurge the demand for the nuclear imaging equipment and aid the market growth in future years. The medical devices are often imported, and thus global market players are penetrating the market vigorously. New market players may invest financially in technological advancement and modern product supply in conjugation with the global players to support their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam Nuclear Imaging Equipment Market By Type (PET Imaging Systems, Gamma Camera Imaging Systems), By Application (Oncology, Cardiology, Neurology, Others), By End User (Hospitals & Clinics, Diagnostic Imaging Centers, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Vietnam nuclear imaging equipment 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 nuclear imaging equipment market.
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