Product Code: ETC023090 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Laboratory Equipment Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 14.61% in 2025, the market peaks at 16.42% in 2027, and settles at 14.85% by 2029.
The Laboratory Equipment market in Vietnam is projected to grow at a exponential growth rate of 16.42% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Vietnam laboratory equipment market witnessed significant growth during the period from 2025 to 2031. With the country`s increasing focus on scientific research, healthcare, and industrial development, there was a rising demand for laboratory equipment and instruments. Laboratory equipment plays a crucial role in various fields, including healthcare, pharmaceuticals, biotechnology, education, and research. As Vietnam continued to invest in healthcare infrastructure, academic institutions, and research facilities, the market for laboratory equipment experienced steady expansion.
Several drivers fueled the growth of the laboratory equipment market in Vietnam. Firstly, the country`s increasing healthcare expenditure and advancements in medical research contributed to the demand for laboratory equipment in hospitals, diagnostic centers, and research labs. Laboratory instruments were essential for disease diagnosis, monitoring, and research purposes. Secondly, the growing pharmaceutical and biotechnology industries further boosted the adoption of laboratory equipment for drug development, quality control, and scientific analysis. Moreover, the rising focus on education and academic research drove the demand for laboratory equipment in universities, colleges, and research institutes.
Despite its growth, the Vietnam laboratory equipment market faced certain challenges during the mentioned period. One of the primary challenges was the competition from low-cost and imported laboratory equipment. The presence of cheaper products from other countries created price pressures for local manufacturers and suppliers. Additionally, ensuring the accuracy and reliability of laboratory equipment for different applications, especially in critical sectors like healthcare and research, was crucial for equipment manufacturers. Companies had to focus on producing high-quality and precise laboratory instruments to meet industry standards and customer expectations.
The outbreak of the Covid-19 pandemic in 2025 had implications for the Vietnam laboratory equipment market. The pandemic led to changes in healthcare priorities and research activities. The need for testing and diagnostic equipment may have increased in certain sectors to manage and control the spread of the virus.
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 Laboratory Equipment Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Laboratory Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Laboratory Equipment Market - Industry Life Cycle |
3.4 Vietnam Laboratory Equipment Market - Porter's Five Forces |
3.5 Vietnam Laboratory Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Laboratory Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Vietnam Laboratory Equipment Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Vietnam Laboratory Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Laboratory Equipment Market Trends |
6 Vietnam Laboratory Equipment Market, By Types |
6.1 Vietnam Laboratory Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Laboratory Equipment Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Laboratory Equipment Market Revenues & Volume, By Autoclaves, 2021-2031F |
6.1.4 Vietnam Laboratory Equipment Market Revenues & Volume, By Incubators, 2021-2031F |
6.1.5 Vietnam Laboratory Equipment Market Revenues & Volume, By Centrifuges, 2021-2031F |
6.1.6 Vietnam Laboratory Equipment Market Revenues & Volume, By Spectrometers, 2021-2031F |
6.1.7 Vietnam Laboratory Equipment Market Revenues & Volume, By Sonicators, 2021-2031F |
6.1.8 Vietnam Laboratory Equipment Market Revenues & Volume, By Scopes, 2021-2031F |
6.2 Vietnam Laboratory Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Laboratory Equipment Market Revenues & Volume, By Genetic Testing, 2021-2031F |
6.2.3 Vietnam Laboratory Equipment Market Revenues & Volume, By Endocrinology, 2021-2031F |
6.2.4 Vietnam Laboratory Equipment Market Revenues & Volume, By Hematology, 2021-2031F |
6.2.5 Vietnam Laboratory Equipment Market Revenues & Volume, By Microbiology, 2021-2031F |
6.2.6 Vietnam Laboratory Equipment Market Revenues & Volume, By Biochemistry, 2021-2031F |
6.2.7 Vietnam Laboratory Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Laboratory Equipment Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Laboratory Equipment Market Revenues & Volume, By Diagnostic Laboratories, 2021-2031F |
6.3.3 Vietnam Laboratory Equipment Market Revenues & Volume, By Hospitals and Clinics, 2021-2031F |
6.3.4 Vietnam Laboratory Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Laboratory Equipment Market Import-Export Trade Statistics |
7.1 Vietnam Laboratory Equipment Market Export to Major Countries |
7.2 Vietnam Laboratory Equipment Market Imports from Major Countries |
8 Vietnam Laboratory Equipment Market Key Performance Indicators |
9 Vietnam Laboratory Equipment Market - Opportunity Assessment |
9.1 Vietnam Laboratory Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Laboratory Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Vietnam Laboratory Equipment Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Vietnam Laboratory Equipment Market - Competitive Landscape |
10.1 Vietnam Laboratory Equipment Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Laboratory Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |