The report helps businesses gain a unique insight into the socio-economic dynamics, and helps analyze how they affect healthcare systems and their evolution. It can serve as a valuable tool with actionable guidance for sales, marketing, R&D and business managers with industry related interests.
Four chapters cover the numerical and written analysis for the following topics: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts) and the Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).
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- Vietnam enjoyed a GDP growth rate of about 6 percent in 2014, with a spike in the last quarter that was boosted by increases in bank lending and rising foreign investment boosted by exports.
- Growth rates are expected to dip slightly in 2015 to about 5.6 percent, but remain overall steady.
- Risks to the Vietnamese economy in 2015 include: subdued foreign demand, deflation and debt.
- Annual unemployment rates have been quite low in Vietnam for the last few years, averaging at about 2 percent.
- Services are the largest sector in the economy accounting for about 44 percent of GDP. This is followed by the industry at 38 percent of the GDP and agriculture which accounts for about 18 percent of the GDP.
The Healthcare System:
- In 2014, Vietnamese healthcare expenditures represented about 6.8 percent of the GDP.
- Of this amount, about 42.3 percent stems from public sources (e.g. taxes and oil revenues) and 57.7 percent is funded through private sources (i.e. employees, employers, patient co-payments etc.).
- Vietnam has a mixed healthcare delivery system made up of both public and private sectors.
- Under the Vietnamese healthcare system, secondary care is dominated by the public sector, including: Central and specialized hospitals; provincial and district hospitals, commune health stations and village health services.
- Healthcare funding has increased in recent years, however OOP has also increased and still accounts for the largest part of total healthcare expenditures.
- Vietnam is of among the countries with the highest private and out-of-pocket (OOP) health financing in the world.
- The private sector dominants smaller ambulatory care providers, general practitioners and the sale of pharmaceuticals.
- The Ministry of Health (MOH) is responsible for developing national programs as well the budgeting and manpower allocation for the national institutions.
- The MOH also plays a supervisory role for the national institutions and the Provincial level activities.
- Governance in the healthcare sector
- Healthcare human resources
- Healthcare financing
- Health information technology expansion
- Primary care, preventive medicine, reproductive health and family planning
- The Vietnam healthcare market has become quite competitive since it was officially open to commercialization over a decade ago.
- In the current environment there are high levels of competition across various niches, especially among international competitors which are dominant in the areas of: Innovative pharmaceuticals and complex medical devices.
- Opportunities in the Vietnamese healthcare industry exist in the following supply categories (considered to be fastest growing segments in the next few years): Surgical equipment, operating theater equipment, emergency room equipment, sterilizing equipment, patient monitoring equipment, diagnostic imaging equipment.
- Opportunities can also be found in the areas of hospital construction and replacements, technology development and the increased centralization of procurement.
- The areas of fastest growing demand are: Oncology, diabetes, orthopedics and cardiovascular diseases.
Includes tables centralizing all relevant data on socio-demographics, macroeconomics and national Healthcare.
National Care Provision data:
Provides an overview of the Healthcare demographics: Nation Care provision data, Intensive Care units, Operating rooms, Emergency Rooms, Hospital services, Healthcare professionals.
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