Vietnam Elderly Care Market
Market Report I 2024-08-01 I 87 Pages I Data Bridge Market Research
The Vietnam elderly care market is expected to reach USD 4.79 billion by 2034 from USD 2.21 billion in 2023, growing at a CAGR of 7.7% in the forecast period of 2024 to 2034.
Market Segmentation:
Vietnam Elderly Care Market Segmentation, By Product Type (Housing and Assistive Devices and Pharmaceuticals), Service (Home Care, Institutional Care, and Adult Day Care), Application (Heart Diseases, Respiratory, Diabetes, Osteoporosis, Neurological, Cancer, Kidney Diseases, Arthritis, and Others), Country (Vietnam)- Industry Trends and Forecast to 2031
Overview of Vietnam Elderly Care Market Dynamics:
Driver
- Increasing geriatric population
Restrain
- High cost of elderly care services
Opportunity
- Continuous enhancement in technological development
Market Players:
The key market players operating in the Vietnam elderly care market are listed below:
- Philips
- Medtronic
- Vinmec International Hospital
- Phonak - A Sonova brand
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET DEFINITION 9
1.3 OVERVIEW OF THE VIETNAM ELDERLY CARE MARKET 9
1.4 CURRENCY AND PRICING 10
1.5 LIMITATIONS 10
1.6 MARKETS COVERED 10
2 MARKET SEGMENTATION 12
2.1 MARKETS COVERED 12
2.2 YEARS CONSIDERED FOR THE STUDY 13
2.3 DBMR TRIPOD DATA VALIDATION MODEL 14
2.4 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 17
2.5 MULTIVARIATE MODELLING 18
2.6 DBMR MARKET POSITION GRID 19
2.7 VENDOR SHARE ANALYSIS 20
2.8 SECONDARY SOURCES 21
2.9 ASSUMPTIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 26
4.1 PESTEL ANALYSIS 27
4.2 PORTER'S FIVE FORCES 28
5 REGULATORY SCENARIO 29
5.1 REGULATORY BODIES 29
5.1.1 MINISTRY OF HEALTH (MOH) 29
5.1.2 MINISTRY OF LABOR, INVALIDS AND SOCIAL AFFAIRS (MOLISA) 29
5.1.3 DEPARTMENT OF SOCIAL PROTECTION (UNDER MOLISA) 29
5.1.4 VIETNAM ASSOCIATION OF THE ELDERLY (VAE) 29
5.1.5 LOCAL HEALTH DEPARTMENTS 29
5.2 KEY REGULATIONS AND POLICIES 30
5.2.1 LAW ON ELDERLY PEOPLE (2009) 30
5.2.2 LAW ON SOCIAL INSURANCE (2014) 30
5.2.3 DECREE NO. 136/2013/ND-CP ON SOCIAL ASSISTANCE POLICIES 30
5.2.4 CIRCULAR NO. 21/2016/TT-BLDTBXH ON REGULATIONS FOR ELDERLY CARE FACILITIES 30
5.2.5 DECISION NO. 102/2016/QD-TTG ON SUPPORT POLICIES FOR THE ELDERLY 30
5.2.6 CIRCULAR NO. 14/2021/TT-BYT ON HEALTH CARE SERVICES FOR THE ELDERLY 31
5.3 CONCLUSION 31
6 MARKET OVERVIEW 32
6.1 DRIVERS 34
6.1.1 INCREASING GERIATRIC POPULATION 34
6.1.2 INCREASING CASES OF CHRONIC DISEASE 35
6.1.3 RISING AWARENESS OF HOME HEALTH CARE SERVICES 36
6.2 RESTRAINTS 37
6.2.1 HIGH COST OF ELDERLY CARE SERVICES 37
6.2.2 LOW PENETRATION RATE FOR ELDERLY CARE SERVICES 37
6.3 OPPORTUNITIES 38
6.3.1 INCREASING MARKET TREND AND THE GOVERNMENT APPROVAL TOWARDS ELDERLY CARE SERVICES 38
6.3.2 CONTINUOUS ENHANCEMENT IN TECHNOLOGICAL DEVELOPMENT 38
6.4 CHALLENGES 39
6.4.1 LACK OF KNOWLEDGE AND SKILLED PROFESSIONALS 39
6.4.2 GAP IN DEMAND AND SUPPLY 40
7 VIETNAM ELDERLY CARE MARKET, BY PRODUCT TYPE 41
7.1 OVERVIEW 42
7.2 HOUSING AND ASSISTIVE DEVICES 45
7.2.1 MEDICAL WEARABLES 45
7.2.2 HEARING AIDS 45
7.2.3 ALERT DEVICES 45
7.2.4 MOBILITY DEVICES 45
7.2.5 OTHERS 45
7.3 PHARMACEUTICALS 45
8 VIETNAM ELDERLY CARE MARKET, BY SERVICE 46
8.1 OVERVIEW 47
8.2 HOMECARE 50
8.2.1 HEALTHCARE 50
8.2.1.1 MEDICAL CARE 50
8.2.1.2 PHYSIOTHERAPY SERVICES 50
8.2.1.3 TELEHEALTH 50
8.2.1.4 PALLIATIVE CARE 50
8.2.1.5 HOSPICE CARE 50
8.2.2 NON-MEDICAL CARE 51
8.2.2.1 PERSONAL CARE 51
8.2.2.2 REHABILITATION 51
8.2.2.3 OTHERS 51
8.3 INSTITUTIONAL CARE 51
8.3.1 NURSING HOME 52
8.3.2 HOSPITAL BASED 52
8.3.3 INDEPENDENT SENIOR LIVING 52
8.3.4 ASSISTED LIVING 52
8.4 ADULT DAY CARE 52
9 VIETNAM ELDERLY CARE MARKET, BY APPLICATION 53
9.1 OVERVIEW 54
9.2 HEART DISEASES 57
9.3 RESPIRATORY 57
9.4 DIABETES 57
9.5 OSTEOPOROSIS 57
9.6 NEUROLOGICAL 57
9.7 CANCER 57
9.8 KIDNEY DISEASES 57
9.9 ARTHRITIS 57
9.10 OTHERS 57
10 VIETNAM ELDERLY CARE MARKET: COMPANY LANDSCAPE 58
10.1 COMPANY SHARE ANALYSIS: VIETNAM 58
11 SWOT ANALYSIS 59
12 COMPANY PROFILE 60
12.1 MEDTRONIC 60
12.1.1 COMPANY SNAPSHOT 60
12.1.2 REVENUE ANALYSIS 61
12.1.3 PRODUCT PORTFOLIO 61
12.1.4 RECENT DEVELOPMENT 64
12.2 PHILIPS 65
12.2.1 COMPANY SNAPSHOT 65
12.2.2 REVENUE ANALYSIS 65
12.2.3 PRODUCT PORTFOLIO 66
12.2.4 RECENT DEVELOPMENT 68
12.3 VINMEC INTERNATIONAL HOSPITAL 69
12.3.1 COMPANY SNAPSHOT 69
12.3.2 PRODUCT PORTFOLIO 69
12.3.3 RECENT DEVELOPMENT 71
12.4 PHONAK - A SONOVA BRAND 72
12.4.1 COMPANY SNAPSHOT 72
12.4.2 PRODUCT PORTFOLIO 72
12.4.3 RECENT UPDATES 74
12.5 CARE CONNECT VIETNAM INC. 75
12.5.1 COMPANY SNAPSHOT 75
12.5.2 PRODUCT PORTFOLIO 75
12.5.3 RECENT UPDATES 75
12.6 HIO CARE 76
12.6.1 COMPANY SNAPSHOT 76
12.6.2 SERVICES PORTFOLIO 76
12.6.3 RECENT DEVELOPMENT 76
12.7 SAIGON HEALTHCARE 77
12.7.1 COMPANY SNAPSHOT 77
12.7.2 PRODUCT PORTFOLIO 77
12.7.3 RECENT UPDATES 77
12.8 SIGNIA HEARING AIDS 78
12.8.1 COMPANY SNAPSHOT 78
12.8.2 PRODUCT PORTFOLIO 78
12.8.3 RECENT UPDATES 83
13 QUESTIONNAIRE 85
14 RELATED REPORTS 87
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.