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Research and Markets: the Medical Device Market in Vietnam - Market for Medical Equipment and Supplies is Estimated at US$289 Million in 2009
Thursday May 28, 02:00 PM
Research and Markets (http://www.researchandmarkets.com/research/73a347/the_medical_device)
has announced the addition of the "The
Medical Device Market: Vietnam" report to their offering.
A new law was passed in November 2008, to take effect in July 2009,
which will make health insurance compulsory for all citizens by 2014.
Under the new law, there are three levels of benefits under health
insurance schemes, some will cover all or 100% of expenses at nominated
medical facilities, while others will cover 95% and 80% of the expenses
with the patient making up the rest.
The private healthcare sector in Vietnam has expanded since the lifting
of the ban on private practice in 1989. People often choose to use
private facilities, if they can afford to do so, as the quality of state
healthcare provision is very poor. According to latest data, an
estimated 67.6% of healthcare expenditure is private.
An estimated 81.4% of the medical device market is supplied by imports,
and the sector is growing rapidly. Singapore and Japan are the leading
suppliers, accounting for 35.6% of imports in 2007. Local production is
limited to basic items such as syringes and hospital beds. The value of
exports is low, at US$81.8 million in 2007, with 46.4% of medical
products exported to Japan.
Vietnam receives a large amount of international aid in the form of
loans and donated medical equipment. A number of small projects are
currently taking place in Vietnam, including those funded by the World
Bank and the EU. The country became a WTO member in 2007.
In 2009, the Vietnamese market for medical equipment and supplies is
estimated at US$289 million, or US$3 per capita. It is expected that the
device market will continue to expand healthily at 5.9% per annum. This
will take the Vietnamese market to US$385 million in 2014, although the
per capita rate will remain largely unchanged.
These in-depth medical device market reports are ideal for executives
wanting to understand the key drivers in medical markets and have access
to a wealth of statistical data. Each report opens with an outlook
section that provides analysis of the market, 5-year market forecasts,
national data projections, market outlook and key developments such as
regulation, health facilities and government policy. The report also
provides extensive background information, population trends, health
status, health expenditure, organisation & administration, hospital
services, medical personnel, healthcare development, market access
information, trade data and essential industry contacts. Included with
the report are 3 free quarterly updated outlook reports, enabling you to
keep up to date with market developments for a year.
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Current Market Size
4. Market Projections & Outlook
5. Imports
6. Domestic Manufacturing
7. Multinational Manufacturing
8. Exports
9. Distribution
10. Medical Device Regulations
11. Demographics
12. Healthcare System
13. Health Expenditure
14. Healthcare Infrastructure
15. Healthcare Personnel
16. Directory
17. Methodology & Sources
97. Appendix: Healthcare Statistics
98. Appendix: Distributors
For more information visit http://www.researchandmarkets.com/research/73a347/the_medical_device
Source: Espicom Business Intelligence Ltd
Contact:Laura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
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