Research and Markets: the Medical Device Market in

Vietnam
DUBLIN--(Business Wire)--Research and
Markets(http://www.researchandmarkets.com/research/73a347/the_medical_device) hasannounced
the addition of the "The Medical Device Market: Vietnam" report totheir offering. A new law was
passed in November 2008, to take effect in July 2009, which willmake health insurance compulsory
for all citizens by 2014. Under the new law,there are three levels of benefits under health insurance
schemes, some willcover all or 100% of expenses at nominated medical facilities, while others
willcover 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 theban 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
isvery poor. According to latest data, an estimated 67.6% of healthcareexpenditure is private. An
estimated 81.4% of the medical device market is supplied by imports, and thesector is growing
rapidly. Singapore and Japan are the leading suppliers,accounting for 35.6% of imports in 2007.
Local production is limited to basicitems such as syringes and hospital beds. The value of exports is
low, atUS$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 anddonated medical equipment. A number of
small projects are currently taking placein Vietnam, including those funded by the World Bank and
the EU. The countrybecame a WTO member in 2007. In 2009, the Vietnamese market for medical
equipment and supplies is estimatedat US$289 million, or US$3 per capita. It is expected that the
device marketwill continue to expand healthily at 5.9% per annum. This will take theVietnamese
market to US$385 million in 2014, although the per capita rate willremain largely unchanged. These
in-depth medical device market reports are ideal for executives wanting tounderstand the key
drivers in medical markets and have access to a wealth ofstatistical data. Each report opens with an
outlook section that providesanalysis of the market, 5-year market forecasts, national data
projections,market outlook and key developments such as regulation, health facilities
andgovernment 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. Includedwith the report are 3 free quarterly updated outlook reports, enabling you tokeep
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
visithttp://www.researchandmarkets.com/research/73a347/the_medical_deviceSource: Espicom
Business Intelligence Ltd Laura WoodSenior Managerpress@researchandmarkets.comFax from
USA: 646-607-1907Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009

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