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Report
Vietnam MRI Market, By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and Above)), By Type (Fixed, Mobile), By Architecture (Closed MRI Systems and Open MRI Systems), By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others), By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others), By Region, Competition Forecast & Opportunities, 2027
Market Report I 2022-12-01 I 72 Pages I TechSci Research
Vietnam MRI market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing demands for the early diagnosis and efficient medical diagnosis that provide accurate diagnosis of the diseases. Moreover, increasing instances of orthopedic diseases like spine lesions, tumorous cancer further drives the growth of the Vietnam MRI market in the upcoming five years.
Magnetic Resonance Imaging (MRI) systems are the medicinal diagnostic machines that utilizes magnetic field generation and computerized image generation to identify and diagnose diseases and problems in the organs of the body. The MRI machines are large, heavy-duty, and tube-shaped magnets, that realigns water molecule in the human body temporarily to create a magnetic field. Radio waves that are emitted through computerized source produces faint signals that with the help of MRI can create cross-sectional images in the form of thin slices. Due to possibility of sliced imaging, 3D structure of the organ can easily be created for further detailed diagnosis.
Neurological Diseases Increase Demand For MRI Systems
Nearly two-thirds of the death in Vietnam are attributed to neurosurgical pathologies. Increasing instances of neurological disorders that cause stroke, traumatic brain injury etc. often causes death due to lack of availability of the immediate medical attention. Utilizing advanced technologies like magnetic resonance imaging (MRI) for the early diagnosis of the underlying causes, and immediate attention to the patient in case of strokes with clear understanding of chronic condition, would aid the growth of the Vietnam MRI market in the upcoming five years.
Use of MRI also includes the other chronic diseases like cardiovascular diseases and cancer among other diseases. Creating a 3D image for the diagnosis of the cause of cardiovascular disorder, or in case of vessel blockages in the heart can easily be analyzed and effective minimally invasive surgeries can be performed further, thus MRI plays vital role in early and effective diagnosis of cardiovascular diseases.
Academic Application Support Market Growth
The country withstands population burden of more the 97 million as per the records from year 2020. The number of doctors per thousand population in Vietnam is 9. Thus, the demand for experts, doctors and lab technicians to ensure excellent patient care is rapidly increasing. Hands-on practice for the instruments, equipment, tools, and related medical devices is a must for generating eligible healthcare practitioners. Thus, increasing demands for the academic applications for the MRI machines are anticipated to further drive the growth of the Vietnam MRI market in the next five years.
Increasing number of hospitals would also upsurge the demand for MRI systems, aligning with the increasing demand for world-class facilities for healthcare for the population of the country. Total number of public hospital in the country were 1260 in the year 2020 that grew from 1008 count in 2010. Moreover, the private hospitals have also been growing recently. From only 121 private hospitals in 2010, the country has 568 private hospitals in 2020, and the count is still increasing, thus further substantiating the growth of the Vietnam MRI market in the future five years.
Market Segmentation
The Vietnam MRI market is segmented by field strength, type, architecture, application, end user, competitional landscape, and regional distribution. Based on field strength, the market is further differentiated into high field MRI Systems, low to mid field MRI systems, and Very high field MRI systems. High field MRI systems include field strength of 1.5t MRI Systems and 3t MRI Systems, Whereas low to mid field MRI Systems include systems with field strength of less than 1.5t and very-high-field MRI Systems include systems of 4t and Above field strength. Based on type, the market is again segmented between fixed and mobile. By architecture, the market segmentation is differentiated between closed MRI systems and open MRI systems. On the basis of application, the market segment is bifurcated into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, and others. Market segments on the basis of end user, is further fragmented into hospitals, imaging centers, ambulatory surgical centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and the Southern region.
Company Profile
GE Healthcare, Philips Healthcare Vietnam, Siemens Healthineers Vietnam, Canon Medical Systems Vietnam, Neusoft Medical Systems Vietnam, among others is a partial list of major market players of the companies responsible for the growth of Vietnam MRI market.
Report Scope:
In this report, Vietnam MRI market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Vietnam MRI Market, By Field Strength:
o High-Field MRI Systems
- 1.5t MRI Systems
- 3t MRI Systems
o Low-To-Mid-Field MRI Systems
- Less Than 1.5t MRI Systems
o Very-High-Field MRI Systems
- 4t and above MRI systems
- Vietnam MRI Market, By Type:
o Fixed
o Mobile
- Vietnam MRI Market, By Architecture:
o Closed MRI Systems
o Open MRI Systems
- Vietnam MRI Market, By Application:
o Brain and Neurological
o Oncology
o Spine and Musculoskeletal
o Abdominal
o Cardiac
o Others
- Vietnam MRI Market, By End User:
o Hospitals
o Imaging Centers
o Ambulatory Surgical Centers
o Others
- Vietnam MRI Market, By Region:
o Northern Region
o Central Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam MRI market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Vietnam MRI Market
4. Executive Summary
5. Voice of Customers
6. Vietnam MRI Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and Above))
6.2.2. By Type (Fixed, Mobile)
6.2.3. By Architecture (Closed MRI Systems and Open MRI Systems)
6.2.4. By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others)
6.2.5. By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others)
6.2.6. By Region
6.2.7. By Company (2021)
6.3. Product Market Map
7. Vietnam Fixed MRI Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Field Strength
7.2.2. By Architecture
7.2.3. By Application
7.2.4. By End User
8. Vietnam Mobile MRI Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Field Strength
8.2.2. By Architecture
8.2.3. By Application
8.2.4. By End User
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. Import-Export Analysis
13. Vietnam Economic Profile
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. GE Healthcare
14.2.2. Philips Healthcare Vietnam
14.2.3. Siemens Healthineers Vietnam
14.2.4. Canon Medical Systems Vietnam
14.2.5. Neusoft Medical Systems Vietnam
15. Strategic Recommendations
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