Midwifery - Vietnam | Statista Market Forecast

The Midwifery market in Vietnam is expected to experience significant growth in the coming years.
By 2024, the revenue in this market is projected to reach US$360.90m.
This growth is further anticipated to continue with an annual growth rate (CAGR 2024-2029) of 7.44%.
As a result, the market volume is estimated to reach US$516.60m by 2029.
When compared globally, it is worth noting that United States will generate the highest revenue in the Midwifery market, with an impressive US$34.04bn expected in 2024.
This highlights the prominence of the United States in this sector.
Vietnam's midwifery market is experiencing a surge in demand due to the country's growing population and emphasis on maternal and child health.

Definition:
Midwifery refers to inpatient medical treatments received during pregnancy, labor, delivery, and during the postpartum period. Throughout their stay in the hospitals, patients will receive prenatal care, delivery and childbirth services, and postpartum care, ranging from recovery to support for both the mother and baby. Inpatient care for pregnancy and childbirth is a critical component of women's health as it ensures the safe and healthy delivery of newborns and provides support for mothers during the transition to motherhood.

Additional information:
The Midwifery market comprises revenues and average revenue per capita. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Prenatal care
Delivery and childbirth services
Postpartum care and management of complications
Newborn care

Outpatient prenatal care
Infertility treatments
Home health care services and support

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

In recent years, birth rates in the United States have reached some of the lowest points in the nation's history. Young people now have fewer children than previous generations and some decide not to have children at all. Reasons why fewer women are deciding to become pregnant are complicated but include the cost of raising a family, concern over access to reproductive health care, and the lack of rights for working parents. There are also fewer unintended pregnancies than there were in the past with education and contraction playing a large role in this change. In 2022, around 65 percent of sexually active women in the United States stated they used contraception in the past year, with 61 percent reporting that preventing pregnancy was the only reason they used contraception.