Market Forecast By Specialty Type (General Surgery, Orthopedics, Cardiology, Fertility & Gynecology, Cosmetics, Others) And Competitive Landscape
| Product Code: ETC10068824 | Publication Date: Sep 2024 | Updated Date: May 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
According to 6Wresearch internal database and industry insights, the Vietnam Healthcare & Medical Tourism Market is estimated to grow at a compound annual growth rate (CAGR) of 7% during the forecast period (2026–2032).
Mentioned below is an evaluation of the year-wise growth rate along with key drivers:
| Year | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 4.5% | Rising recognition of quality healthcare services provided by Vietnam among foreign patients. |
| 2022 | 5% | Government efforts in developing healthcare infrastructure to attract medical tourists from overseas. |
| 2023 | 6.2% | Emergence of wellness tourism packages aimed at other countries and increasing wellness tourism. |
| 2024 | 6.5% | Construction of specialized medical facilities and use of cutting-edge medical technology. |
| 2025 | 6.8% | Growth in demand for cosmetic surgery, assisted reproductive technology, and specialized medical services. |
The Vietnam Healthcare & Medical Tourism Market report broadly covers the market by specialty type. The report provides a comprehensive analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will be pivotal for various stakeholders to align their strategies based on current and future market dynamics.
| Report Name | Vietnam Healthcare & Medical Tourism Market |
| Forecast period | 2026–2032 |
| CAGR | 7% |
| Growing Sector | Healthcare |
Vietnam Healthcare & Medical Tourism Market will witness a healthy growth in the coming years. This will be due to country’s growing popularity as an inexpensive yet quality healthcare center offering its services in various specialty healthcare segments such as cosmetic surgery, infertility treatments, and even general healthcare. The government of Vietnam will contribute immensely towards this growth by developing its healthcare facilities.
Below are some of the major drivers and their influence on the Vietnam Healthcare & Medical Tourism market dynamics:
| Drivers | Primary Segment Affected | Why It Matters (Evidence) |
| Government Support for Healthcare Development | Infrastructure & Medical Services | Government initiatives focus on improving healthcare infrastructure and promoting Vietnam as a top medical tourism destination. |
| Medical Tourism Becoming Increasingly Popular in Vietnam | Cosmetic surgery, Fertility, Cardiology | Vietnam offers its tourists some of the best treatment services available in fertility and cosmetic surgery at reasonable prices. |
| Availability of Affordable Treatment Services | General Surgery, Orthopaedic Surgery | The affordability of health care in Vietnam, compared to other Western nations, helps attract many international patients. |
| Availability of High-Tech Equipment | All Categories | The use of high-tech equipment in the field of medicine has contributed to making Vietnam an attractive destination. |
| Increasing Demands for Specialised Treatments | Fertility and Gynaecology, Cardiology | Growing demand for specialised treatments in areas such as cardiology, fertility, and gynaecology in Vietnam is driven by rising health consciousness. |
Vietnam Healthcare & Medical Tourism Market is expected to witness growth, exhibiting a CAGR of nearly 7% during the forecast period (2026-2032). There is an increase in the number of patients who visit the country from other nations for their medical needs owing to the competitive prices, support of the government, and development in the health sector infrastructure. In addition, Vietnam has become a preferred medical tourism destination due to the increasing disposable incomes in nearby Southeast Asian countries, including those in China and Thailand.
Below are some of the major restraints and their influence on market dynamics:
| Restraints | Primary Segment Affected | What This Means (Evidence) |
| Lack of Awareness in Global Markets | General Surgery, Fertility, Cardiology | Despite the growth, there is still a lack of awareness regarding Vietnam as a leading medical tourism destination in certain global markets. |
| Cultural and Language Barriers | All Segments | Language barriers and cultural differences may hinder communication between medical practitioners and international patients. |
| Limited Number of Internationally Accredited Hospitals | Infrastructure & Medical Services | Not all hospitals in Vietnam have international accreditation, which may limit trust among potential foreign patients. |
| Competition from Other Southeast Asian Countries | Cosmetic Surgery, Fertility, Cardiology | Countries like Thailand, Singapore, and Malaysia are well-established medical tourism hubs, increasing competition for Vietnam. |
| Inadequate Post-Treatment Care Infrastructure | General Surgery, Orthopedics | Limited post-treatment care options in some regions may pose challenges for patients requiring extended recovery periods. |
While having many growth opportunities, there are certain risks associated with the Vietnam Healthcare & Medical Tourism Industry, including the need for more international recognition, increased competitiveness on a global level, as well as some constraints with post-procedure care and hospital accreditation. Limited knowledge might be an issue for international patients, particularly those requiring complicated procedures. Furthermore, the competition from already established medical tourism countries in Southeast Asia can hinder the growth rate of the Vietnam market.
Some of the prominent trends shaping the Vietnam healthcare & medical tourism market growth are as follows:
There are several investment opportunities in the Vietnam healthcare & medical tourism market which are outlined below:
Some of the major companies operating in the Vietnam Healthcare & Medical Tourism Market are listed below:
| Company Name | Vinmec Healthcare System |
|---|---|
| Established Year | 2012 |
| Headquarters | Hanoi, Vietnam |
| Website | Click Here |
Vinmec Healthcare System is a leading provider of healthcare services in Vietnam, offering high-quality medical treatments, wellness services, and specialized care.
| Company Name | Hoan My Medical Corporation |
|---|---|
| Established Year | 1997 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Website | Click Here |
Hoan My is one of Vietnam's largest private healthcare networks, offering comprehensive medical services with a focus on diagnostics, general healthcare, and medical tourism for international patients.
| Company Name | FV Hospital |
|---|---|
| Established Year | 2004 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Website | Click Here |
FV Hospital is a renowned international hospital in Vietnam, offering a wide range of medical treatments and services, including advanced surgical procedures, fertility treatments, and cosmetic surgery.
| Company Name | Binh Dan Hospital |
|---|---|
| Established Year | 1982 |
| Headquarters | Ho Chi Minh City, Vietnam |
| Website | Click Here |
Binh Dan Hospital is a leading medical facility in Vietnam offering specialty care in various fields, including orthopedics, cardiology, and general surgery.
| Company Name | International Medical Center (IMC) |
|---|---|
| Established Year | 2009 |
| Headquarters | Hanoi, Vietnam |
| Website | Click Here |
IMC provides a comprehensive range of high-quality healthcare services including general medical treatments, specialty services, and wellness programs for international patients seeking medical tourism options.
Several initiatives have been undertaken by the Vietnamese government to foster healthcare facilities and medical tourism, such as the Vietnam National Health Strategy that seeks to develop the infrastructure for health facilities and also bring in foreign tourists into the region. The Vietnamese government is focusing on upgrading their hospitals and giving incentives for international accreditation to attract more customers from the international markets. Policies supporting public-private partnership (PPP) will lead to investments in the infrastructure for healthcare facilities.
In the Vietnam Healthcare & Medical Tourism Market, it can be seen that there will be steady growth owing to increasing healthcare infrastructure, support from government policies, and increasing demand for specialized services in the field of medicine. Investment in medical technology will aid in driving the market towards growth in the coming future.
The report offers a comprehensive study of the following market segments and their leading categories:
General Surgery is the dominant specialty in the Vietnam Healthcare & Medical Tourism Market, driven by the country’s established reputation for providing affordable, high-quality surgical services. This includes common procedures like gallbladder removal, hernia repairs, and more complex surgeries such as organ transplants.
According to Simran, Senior Research Analyst, 6Wresearch, Outpatient services are projected to lead the Vietnam Healthcare & Medical Tourism Market Share in the future years due to the growing demand for short-term treatments, diagnostic services, and minor surgeries. Outpatient care is more affordable and accessible for international patients, contributing to its dominance in the market.
The report offers a comprehensive study of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Vietnam Healthcare & Medical Tourism Market Overview |
| 3.1 Vietnam Country Macro Economic Indicators |
| 3.2 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, 2022 & 2032F |
| 3.3 Vietnam Healthcare & Medical Tourism Market - Industry Life Cycle |
| 3.4 Vietnam Healthcare & Medical Tourism Market - Porter's Five Forces |
| 3.5 Vietnam Healthcare & Medical Tourism Market Revenues & Volume Share, By Specialty Type, 2021 & 2031F |
| 4 Vietnam Healthcare & Medical Tourism Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Vietnam Healthcare & Medical Tourism Market Trends |
| 6 Vietnam Healthcare & Medical Tourism Market, By Types |
| 6.1 Vietnam Healthcare & Medical Tourism Market, By Specialty Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By Specialty Type, 2022 - 2032F |
| 6.1.3 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By General Surgery, 2022 - 2032F |
| 6.1.4 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By Orthopedics, 2022 - 2032F |
| 6.1.5 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By Cardiology, 2022 - 2032F |
| 6.1.6 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By Fertility & Gynecology, 2021- 2031F |
| 6.1.7 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By Cosmetics, 2022 - 2032F |
| 6.1.8 Vietnam Healthcare & Medical Tourism Market Revenues & Volume, By Others, 2022 - 2032F |
| 7 Vietnam Healthcare & Medical Tourism Market Import-Export Trade Statistics |
| 7.1 Vietnam Healthcare & Medical Tourism Market Export to Major Countries |
| 7.2 Vietnam Healthcare & Medical Tourism Market Imports from Major Countries |
| 8 Vietnam Healthcare & Medical Tourism Market Key Performance Indicators |
| 9 Vietnam Healthcare & Medical Tourism Market - Opportunity Assessment |
| 9.1 Vietnam Healthcare & Medical Tourism Market Opportunity Assessment, By Specialty Type, 2022 & 2032F |
| 10 Vietnam Healthcare & Medical Tourism Market - Competitive Landscape |
| 10.1 Vietnam Healthcare & Medical Tourism Market Revenue Share, By Companies, 2024 |
| 10.2 Vietnam Healthcare & Medical Tourism Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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