Multinational investments to bolster Vietnam's medical device sector

International acquisitions are driving growth in high-margin advanced equipment.

Continued investment from multinational companies is expected to enhance Vietnam’s private healthcare system, stimulating the country’s medical device market to reach $2.5b (VND64.1t), said BMI.

The report revealed that international firms have been actively acquiring private hospitals and clinic groups, driving growth in high-margin advanced medical devices such as the diagnostic imaging equipment.

Meanwhile, multinational medical device manufacturers are establishing a stronger presence in the Asia Pacific by collaborating with the country’s local healthcare providers. 

These partnerships go beyond supplying equipment but can also involve training medical personnel.

“For diagnostic imaging in particular, multinationals are not only expanding the presence of their devices but also providing key training opportunities in a market that has otherwise had limited growth potential due to lack of sufficiently trained medical personnel,” the report said.