Rise of the private sector and patient-focus startup solutions seen in Vietnam

BCG said this helps overcome long waits and outdated infrastructure in healthcare.

The top complaints of patients in Vietnam are long lines and outdated infrastructure during health check-ups in public hospitals.

According to BCG, this allows private sector and patient-focus startup solutions to increase in the Southeast Asian market.

Healthtech is also expected to grow in the economy, with overloaded public hospitals and lack of public infrastructure investment driving innovative forms of healthcare including remote monitoring solutions, telemedicine, and AI-diagnosis.

Vietnam’s tech-savvy population is also growing “with high propensity to spend on healthcare driven by expanding consuming class and rising health awareness.”

The government support and preferential tax treatment also back the development of the healthcare sector and make room for innovation.

As of 2022, healthcare spending in Vietnam per capita income is at 6%.