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The Vietnam Diagnostic Tests Market size was valued at around USD 1.84 billion in 2024 and is expected to reach USD 6.79 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 24.31% during the forecast period, i.e., 2025-30.
Vietnam Diagnostic Tests Market Driver:
Rising Prevalence of Chronic Diseases Driving Market Growth – The high incidence of chronic diseases, like diabetes, cardiovascular disease, cancer, respiratory diseases, kidney disorders, liver disease, and many more in the country, is driving the market growth. For instance, in 2024, approximately 7 million Vietnamese citizens were diagnosed with diabetes. Similarly, as of 2024, around 12 million people in the country are living with hypertension, contributing to the market growth.
Additionally, every year, almost 2,00,000 new cancer cases are added in the country, which is confirmed by various diagnostic tests such as biopsies, molecular diagnostics, etc., thus increasing the market demand. Also, the major cause of death in Vietnam is the high prevalence of cardiovascular diseases, which is responsible for about 30% of the total deaths per year. Moreover, about 12% of the country’s population has chronic kidney disease as of 2024. Likewise, the high prevalence of many other chronic diseases is increasing the diagnostic testing market in the country.
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Market Dimensions & Projections
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Vietnam Diagnostic Tests Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Roche Vietnam Co., Ltd., Siemens Healthineers (Vietnam) Co., Ltd., Abbott Laboratories S.A. (Vietnam), Danaher Corporation (Beckman Coulter Vietnam), Becton, Dickinson and Company (BD Vietnam), Thermo Fisher Scientific (Vietnam), Bio-Rad Laboratories (Vietnam), Medtronic Vietnam, Viet A Corporation, Medicon Co., Ltd, Sao Thai Duong Joint Stock Company, and others
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