Vietnam vies for regional medical tourists

Vietnam, better known as a vacation destination, is now striving to bolster its medical tourism sector – and it is showing a strong pulse.

The nation’s healthcare market, valued at US$16.2 billion in 2020, is projected to reach US$33.8 billion by 2030, growing at an annual rate of 7.6% between 2020 and 2030. Notably, an average of 300,000 tourists seek medical treatments in Vietnam annually, generating an estimated US$2 billion in revenue for the medical tourism industry.

Despite limited awareness, infrastructure, and quality standards, the Vietnamese government is taking steps to promote medical tourism. A comprehensive website, collaborations with more than 50 establishments, and more than 30 medical tourism packages are among the initiatives.

The country is gaining recognition, especially for quality and affordable dental care. International dental clinics with English-speaking professionals are attracting tourists seeking both cost-effective treatments and cultural experiences during their extended stays.

Vietnam faces stiff competition from its regional neighbours, however. The Asia-Pacific medical tourism industry is currently valued at US$111.3 billion and is projected to grow 15% annually between 2023 and 2028. Established players like Thailand, Singapore, India, and South Korea excel in fields such as gender reassignment, fertility, cancer treatments, complex cardiac surgeries, and cosmetic procedures.

Will Vietnam’s medical tourism sector be able to compete against other countries in the region?

For media enquiries, please contact:
Marie Teo
Manager, Group Marketing Communications
Spire Research and Consulting
Phone: (65) 6838 5355
E-mail: [email protected]