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MARKET OVERVIEW

The Vietnam neurology devices market size reached USD 57.60 Million in 2024 and is expected to reach USD 102.82 Million by 2033, growing at a CAGR of 6.65% during 2025-2033. The market growth is driven by the increasing burden of stroke and neurological disorders, significant government investments in digital healthcare and infrastructure modernization, and a rapidly aging population demanding advanced neurological interventions. Additionally, the expansion of stroke care facilities and integration of artificial intelligence into diagnostic and treatment systems are boosting market growth. 

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Years: 2019-2024

VIETNAM NEUROLOGY DEVICES MARKET KEY TAKEAWAYS

• Current Market Size: USD 57.60 Million (2024)
• CAGR: 6.65% (2025-2033)
• Forecast Period: 2025-2033
• Vietnam has one of the highest stroke incidence rates in Southeast Asia, with 222 per 100,000 population in 2019 and a prevalence of 1,541 per 100,000.
• Key stroke risk factors include hypertension, unhealthy diet, elevated fasting plasma glucose, and air pollution, which significantly contribute to mortality and disability.
• The government allocated approximately USD 1.26 Billion (VND 30 trillion) for healthcare digitalization in 2024.
• Individuals aged 65 and older accounted for 9.3% of Vietnam's population in 2024, with projections to become a super-aged society by 2049.
• Expansion in private healthcare and international hospital investments are boosting advanced neurology device adoption.

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MARKET GROWTH FACTORS

MARKET SEGMENTATION

Type of Device:

• Cerebrospinal Fluid Management Devices: Devices designed to regulate and manage cerebrospinal fluid in neurological treatments.
• Interventional Neurology Devices:
• Interventional/Surgical Simulators: Training and simulation devices for interventional neurological procedures.
• Neurothrombectomy Devices: Devices used to remove blood clots in neurovascular interventions.
• Carotid Artery Stents: Stents deployed in carotid arteries to prevent or treat blockages.
• Others: Additional interventional neurology devices not specified.
• Neurosurgery Devices:
• Neuroendoscopes: Endoscopic instruments used in neurosurgical procedures.
• Stereotactic Systems: Devices used for precise targeting in neurosurgery.
• Others: Other neurosurgery instruments and devices.
• Neurostimulation Devices:
• Spinal Cord Stimulation Devices: Devices that stimulate the spinal cord to manage neurological symptoms.
• Deep Brain Stimulation Devices: Devices providing electrical stimulation to brain areas for movement disorders.
• Sacral Nerve Stimulation Devices: Devices for stimulating sacral nerves to treat neurological conditions.
• Others: Additional neurostimulation apparatus.
• Others: Neurology devices that do not fall into the aforementioned categories.

REGIONAL INSIGHTS

The Vietnam neurology devices market covers three main regions: Northern Vietnam, Central Vietnam, and Southern Vietnam. The report does not specify a dominant region or provide explicit market share or CAGR statistics for these regions.

RECENT DEVELOPMENTS & NEWS

In July 2024, Bayer Vietnam signed a memorandum of understanding with the Hanoi Stroke Association (HNSA) and the University of Oxford. This collaboration aims to advance stroke management and scientific research in Vietnam through generating clinical data, enhancing training for healthcare professionals, and addressing evidence-based research gaps. The partnership seeks to improve patient care standards and accelerate adoption of best practices in stroke treatment by fostering local and international joint initiatives.

KEY PLAYERS

• Not provided in source.

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