Vietnam Medical Device Consulting

The market device market in Vietnam is worth more than $300 million. With a fairly large population of almost 90 million people, the Vietnamese medical device market has potential to grow. The demand for medical devices in Vietnam will be led by increases in private healthcare spending and a growing middle-class who can afford better medical products and services. PBM’s Vietnam medical device consultants have worked on a variety of Vietnamese business and regulatory consulting projects. We have assisted our clients with registering medical devices, sourcing, setting up joint ventures and finding distributors in Vietnam’s medical device market.

Although the Vietnamese government is beefing up healthcare spending, it is Vietnam’s private healthcare that is experiencing stronger growth. More Vietnamese are opting for private healthcare services, due to the poor quality of government-funded medical facilities. According to market estimates, the private sector accounts for about 70% of Vietnam’s healthcare expenditures. Nevertheless, the Vietnamese government is also increasing healthcare spending, particularly on hospital upgrades and building new medical institutions in less developed areas. The procurement of new hospital equipment and the growth of public and private healthcare facilities in Vietnam will provide business opportunities for international medical devices companies.

Medical devices which are expected to have good sales potential in Vietnam include imaging diagnostic equipment such as X-ray machines, CT scanners, ultrasound and MRI machines. Vietnam imports most of its medical devices, mainly from the US, Germany and Japan. International companies that are interested in exporting to Vietnam can contact PBM’s medical device consultants for assistance in entering this market.

Vietnam’s medical device market is regulated by the Department of Medical Equipment and Health Works. As Vietnam's healthcare system and policies are still evolving, international companies need to be updated with the latest regulatory developments. International medical device companies that are unfamiliar with Vietnam’s healthcare regulations can seek professional guidance from a PBM Vietnam medical device consultant.

PBM’s Vietnam medical device consultants possess the knowledge and experience to advise international companies on the best steps to succeed in the Vietnamese medical device market. For inquiries on PBM’s Vietnam medical device consultant services, please contact us or view PBM’s publications to find out more about the Vietnamese healthcare market.