A recent market study by the World Bank has forecast that by 2020, Vietnam's health care service market will grow three times since 2010. The study also said , Vietnam's healthcare market will soon overtake regional countries such as Malaysia, Thailand and Indonesia.
Economic and population growth is driving the demand for health care services throughout Vietnam, especially in the economic centers of Hanoi and Ho Chi Minh City. The government is funding provincial public hospitals to upgrade facilities and open new departments to meet specialized treatment. Such developments are creating new opportunities for medical devices in Vietnam.