Vietnam X-Ray Market Analysis: Trends, Growth, and Competition - 2030

Vietnam X-Ray Market Projected to Expand at 5.22% CAGR Through 2030

The Vietnam X-Ray Market size was valued at around USD 73.12 million in 2024 and is projected to reach USD 99.22 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.22% during the forecast period, i.e., 2025-30. The Vietnam X-Ray Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays. For instance, about 11,500 road accidents were reported in 2023, with over 5,700 deaths and thousands of injuries.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Vietnam X-Ray Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Technology

Digital Imaging – Market Size & Forecast 2020-2030, (USD Million)
Analog Imaging-Market Size & Forecast 2020-2030, (USD Million)

Based on technology, the Digital Imaging segment accounted for the largest market share of more than 65%. The greater efficiency and image quality provided by digital imaging, combined with evolving technologies, are increasing the Vietnam X-Ray Market. They are quicker than their analog versions in delivering results following diagnosis, as well as much clarity in their images, which makes it very easy for radiologists to identify some underlying abnormality quite accurately. The advanced digital X-ray technology is utilized widely in most hospitals and diagnostic centers to increase work efficiency as well as the welfare of patients in Vietnam. The demand is also driven by the government’s incentive for trying to modernize healthcare infrastructure, as well as the increasing weight of chronic illnesses, including tuberculosis and cardiovascular disease, that require frequent utilization of X-rays.

Moreover, in comparison to conventional systems, digital X-ray systems offer lower radiation exposure, thereby making patients and medical staff safer. Digital imaging is also shifting into higher focus stocks, supported by a rise in the number of private health providers, along with increased investment attempts to acquire up-to-date medical devices. Digital X-ray technology has therefore dominated the Vietnam X-ray market, overtaking traditional analog systems.

By Portability

Stationary- Market Size & Forecast 2020-2030, (USD Million)
Mobile- Market Size & Forecast 2020-2030, (USD Million)

By Modality

Radiography- Market Size & Forecast 2020-2030, (USD Million)
Fluoroscopy- Market Size & Forecast 2020-2030, (USD Million)

By Application

Dental- Market Size & Forecast 2020-2030, (USD Million)
Chest- Market Size & Forecast 2020-2030, (USD Million)
Cardiovascular- Market Size & Forecast 2020-2030, (USD Million)
Orthopaedics- Market Size & Forecast 2020-2030, (USD Million)
Oncologist-Market Size & Forecast 2020-2030, (USD Million)
Other- Market Size & Forecast 2020-2030, (USD Million)

By End-User

Hospital- Market Size & Forecast 2020-2030, (USD Million)
Diagnostic Center- Market Size & Forecast 2020-2030, (USD Million)
Clinics-Market Size & Forecast 2020-2030, (USD Million)

Based on end users, the hospital segment holds the largest market share at around 60%. Hospitals played a leading role by offering health services predominantly in emergency treatment, surgeries, and inpatient interventions needing sophisticated diagnostic imaging. Overall, hospitals are taking on several times more patients than other classes of health care facilities, hence the growing need for in-clinic X-ray machines to ensure timely, correct diagnoses. With the Vietnamese government’s active investment schemes in hospital infrastructure as well, completion in the new procurement of X-ray technology for improving medical services has been enhanced.

Digitization of the X-ray system is also being adopted by many hospitals for improved efficiency and precision. In contrast to independent diagnostic centers, hospitals integrate imaging services in their services for additional and on-the-spot diagnosis and treatment and further referral of patients in less time. With a growing number of chronic diseases and an aging population that needs to be imaged frequently, it’s the hospitals that will continue to be the critical driving force for the growth of an ever-growing X-ray market in Vietnam.

By Region

Central
East
West
South.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Expansion of Private Healthcare – An opportunity for the X-ray market is presented by the expansion of the private healthcare sector in Vietnam. To improve public accessibility, the government raises the standard of services offered and therefore encourages private investment in health care. The rapid expansion of private hospitals, specialized clinics, and diagnostic centers satisfies the increasing demand for advanced imaging technologies, mainly X-ray systems. In 2022, about USD 18.5 billion was spent by Vietnam on healthcare, or 4.6 percent of the economic output.

Moreover, the collaboration between public and private hospitals in Vietnam is improving infrastructure, enhancing diagnostic capabilities, and purchasing state-of-the-art medical equipment. In this context, the government allocated financial resources to enhance provincial hospitals’ structure for identifying and treating noncommunicable diseases. Besides, private health operators have already undertaken much investment into mobility and digital X-ray equipment for the evident upsurge in demand. Such ongoing advancements in the healthcare system are expected to drive the growth of the X-ray industry in Vietnam.

Vietnam X-Ray Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global Vietnam X-Ray Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Hitachi Medical
Canon Medical systems
GE Healthcare
Philips Healthcare
Shimadzu Vietnam
Siemens Healthcare
Neusoft Medical System Vietnam
Medigroup Asia ltd.
Horiba
Samsung Healthcare
Hologic

Their activities include partnerships, product launches, and geographic expansions.

Vietnam X-Ray Industry Prime Challenge

Increased Public Concerns About Radiation Exposure Impeding Market Growth – The dangers of radiation are becoming more widely known in Vietnam. As a result, the X-ray market faces numerous challenges. Patients are increasingly reluctant to have X-ray examinations, especially for non-urgent reasons, because of possible health risks, like radiation-induced cancer. Many are opting for safer alternatives, such as ultrasounds and MRIs, which do not involve ionizing radiation. Changes in this regard might give rise to stagnation in global demand for conventional X-ray examinations, thus hindering market growth.

Further, as per the new safety regulations, hospitals are not allowed to deliver a higher radiation dose than the set limit. This compels hospitals to buy new-generation radiation-efficient X-ray machines. While these machines will be better for the patients, their cost will bring additional expenses to the hospitals or diagnostic centers. Many small clinics may find it hard to afford this new equipment, making it yet more difficult for patients to obtain X-rays. On top of that, certain patients may refuse to undergo X-ray examinations due either to ignorance or anxiety over the risks associated with radiation. All of these problems are hampering the growth of this market in Vietnam.

Frequently Asked Questions (FAQs):

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