Used equipment Most imports of used and refurbished medical equipment are strictly controlled by the Ministry of Health MOH. Current Market Trends The system needs a wide variety of medical equipment for such areas as cardiovascular, liver cancer, diabetes, and orthopedics.
Vietnamese Summary Vietnam represents a potentially large healthcare, medical equipment, and device market. Vietnam's Key Population Ratios, Company Overview Novartis Vietnam representative office was established following the merger of Sandoz and Ciba-Geigy in In Julyafter the recall of Augmentin amoxicillin clavulanate in Hong Kong, DAV requested the firm send samples of the drug to be tested for plasticisers.
The MOH determines the guidelines for medical device purchases for all health systems.
The Vietnam healthcare sector is currently facing the following challenges: Going forward, all BMI Research content - across research, data and reports - will be fully integrated into Fitch Solutions Macro Intelligence Solutions and available to all subscribers on Fitch Connect.
Main Competitors The main sources are from the U. Vietnam's Rural And Urban Population, The Vietnamese health care system has an estimated 1, state hospitals, local private hospitals and 15 foreign invested hospitals that total to an estimatedbeds.
Foreign-owned hospitals and clinics are also large purchasers; however, these facilities usually purchase supplies from their sponsoring country. A linear regression see Note for explanation is then performed on five years of real per-capita pharmaceutical expenditure against real per-capita final consumption see Note 2.
The overall healthcare expenditure forecast is then calculated by combining public and private healthcare expenditure.
Strategy The company is affected by regulations in Vietnam that require all state companies wishing to import foreign pharmaceutical products to apply for annual quotas. The latest GDP print has fuelled concerns that the economic recovery could be losing momentum as the government races to restructure the banking sector and reassure investors that a banking crisis can be avoided.
GSK's cervical cancer vaccine Cervarix has been approved in Vietnam. A number of small projects are currently taking place in Vietnam, including those funded by the World Bank and the EU. Patented Drug Market Indicators, WHO updates the data annually, taking, adjusting and estimating the numbers based on publicly available reports national health account reports, reports from the Ministry of Finance, Central Bank, National Statistics Offices, public expenditure information and reports from the World Bank, the International Monetary Fund, etc.
Imported medical equipment has low import duties and no quota restrictions. Large amounts of public funds have been allocated to upgrade hospitals in the provinces. Other strong areas of growth include operating theaters, orthopedics, emergency equipment, sterilizing equipment, monitoring equipment, and diagnostic equipment such as CT scanners, ultrasound machines, MRI, and X-ray machines.Vietnam Pharmaceuticals and Healthcare Report Q2 BMI View: Vietnam's disease profile will be increasingly attractive for prescription drugmakers as chronicconditions become more prevalent.
Vietnam Medical Devices Report Q1 BMI View: We expect the Vietnamese medical device market to remain one of the strongest performers,with an 8% compound annual growth rate towhich will be slightly higher than the projectedeconomic performance during the period.
Page 11 Vietnam Pharmaceuticals & Healthcare Report Q3 Economic SWOT Analysis Strengths Vietnam has been one of the fastest-growing economies in Asia in recent years, with GDP growth averaging % annually between and The economic boom has lifted many Vietnamese out of poverty, with the official poverty rate in the country.
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2 Market information Economic Overview Vietnam has been one of the fastest-growing economies in Asia in recent years, with GDP growth averaging %.
Vietnam Pharmaceuticals and Healthcare Report Q2 BMI View: Vietnam's disease profile will be increasingly attractive for prescription drugmakers as chronicconditions become more prevalent.Download