Inpatient Care - Vietnam | Statista Market Forecast

The Inpatient Care market in Vietnam is forecasted to achieve a revenue of US$6.85bn in 2024.
This projection indicates that the market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 6.16%.
As a result, the market volume is anticipated to reach US$9.24bn by 2029.
It is worth noting that when comparing globally, United States is projected to generate the highest revenue in the Inpatient Care market, with an estimated value of US$731.40bn in 2024.
Vietnam's inpatient care market is rapidly expanding due to increasing healthcare investments and a growing demand for quality medical services.

Definition:
Inpatient Care refers to medical and surgical services provided to patients who are admitted for overnight stays at hospitals. This market covers a wide range of services, such as diagnostics, medical treatments, and surgical treatments. It also includes facilities, nursing care, and other services that are necessary for the patient's recovery and well-being during their hospital stay. However, inpatient long-term care (LTC) for people with LTC needs is not included. Hospital inpatient care is a crucial component of the healthcare industry and is essential for providing high-quality and comprehensive medical care to patients.

Structure:
Inpatient Care covers Neoplasm Treatments, Treatments of Cardiovascular Diseases, Treatments of Musculoskeletal Diseases, Gastroenterology, Midwifery, and Other Inpatient Care. Other Inpatient Care provides information on additional areas that are not covered by the previously mentioned markets.

Additional information:
Inpatient Care comprises revenues, average revenue per capita, number of hospitals, average revenue per hospital, number of hospital beds, and average revenue per hospital bed. 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.

Inpatient nursing care
Medical goods for inpatient treatments
Inpatient surgical treatments

Day care
Long-term care
Outpatient care
Home-based care

The Inpatient Care market in Vietnam is experiencing significant growth, driven by several factors.

Customer preferences: Vietnam's population is aging, and with that comes an increased demand for healthcare services. As people age, they are more likely to require medical attention, including inpatient care. Additionally, the rising middle class in Vietnam has more disposable income to spend on healthcare, leading to increased demand for high-quality inpatient care.

Trends in the market: One trend in the Inpatient Care market in Vietnam is the increasing popularity of private hospitals. Private hospitals in Vietnam are known for their high-quality facilities and services and are often preferred over public hospitals. Another trend is the adoption of new technology and medical equipment, allowing for more advanced and efficient care.

Local special circumstances: Vietnam has a unique healthcare system, with a mix of public and private hospitals. Public hospitals are often overcrowded and understaffed, leading to longer wait times and lower quality of care. This has led to the rise of private hospitals, which offer more personalized care and shorter wait times. Additionally, the Vietnamese government has made efforts to improve the quality of healthcare in the country, including investing in new medical facilities and equipment.

Underlying macroeconomic factors: Vietnam's economy has been growing rapidly in recent years, leading to increased spending on healthcare. The government has also made healthcare a priority, with a goal of achieving universal healthcare coverage by 2030. Additionally, Vietnam has a large and growing population, providing a large customer base for the Inpatient Care market.

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.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.