Market Overview
The Vietnam neurovascular devices market reached USD 12.00 Million in 2024 and is projected to grow to USD 18.36 Million by 2033, with a CAGR of 4.84% during the forecast period from 2025 to 2033. Growth is driven by the aging population and increasing stroke prevalence, technological advancements in minimally invasive procedures, and AI integration that enhances diagnosis and treatment outcomes. Improved healthcare infrastructure and government initiatives further support market expansion.
Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
Vietnam Neurovascular Devices Market Key Takeaways
• Current Market Size: USD 12.00 Million in 2024
• CAGR: 4.84% during 2025-2033
• Forecast Period: 2025-2033
• Vietnam faces one of the highest stroke incidence rates in Southeast Asia, which elevates the demand for neurovascular devices.
• Adoption of minimally invasive endovascular procedures is increasing due to improved safety and patient outcomes.
• AI-powered diagnostic and treatment solutions are enhancing care delivery and standardizing treatment quality across healthcare facilities.
• Market driven by devices such as stent retrievers, embolic coils, and thrombectomy systems critical for cerebrovascular conditions.
• Improved healthcare infrastructure and government initiatives support stroke care expansion.
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Market Growth Factors
Vietnam's population is aging fast and this has increased the occurrence of stroke and other neurovascular diseases in the country. Demographic transition places more people at risk from hypertension, diabetes and cardiovascular diseases, which risk stroke. Stroke is common in Vietnam compared to other Southeast Asian countries, thus hospitals are strained. Therefore, healthcare professionals have interest to invest into and apply newer neurovascular treatment tools like embolic coils, stent retrievers and thrombectomy systems for treatment of advanced cerebrovascular diseases.
Technology is an important internal driver of the market, including the trend towards the repair of disease processes previously managed with open surgery by endovascular techniques, improving the safety, complexity, patient outcomes, duration of hospitalization, risk, and cost of surgical procedures. Improvements in device design, including the use of new materials and optimized geometries, have made less complex, more precise interventions for complex neurovascular disease possible, increasing physician confidence in these procedures. This has led to the establishment of neurovascular centers throughout large urban centers.
AI technology can affect how diseases are diagnosed and how diseases are treated in Vietnam. AI systems, capable of automatically and rapidly processing medical images and patient data, can help with making clinical diagnoses faster and more accurate. This is particularly helpful in the case of stroke, in which early diagnosis helps increase recovery chances. AI may also improve triage and referral by matching patients to facilities with a level of care appropriate to their clinical needs. Addressing geographic inequities in specialized neurovascular expertise, AI may improve care coordination between smaller and larger stroke centers. As AI becomes widely adopted, it is anticipated that its effect on the accessibility and reliability of high-tech intervention strategies will substantially increase Vietnam's neurovascular devices market.
Market Segmentation
Product Insights
• Cerebral Embolization and Aneurysm Coiling Devices: Embolic Coils, Flow Diverters, Liquid Embolic Agents
These devices are used in embolization and aneurysm coiling procedures to treat neurovascular abnormalities.
- Cerebral Angioplasty and Stenting Systems: Carotid Artery Stents, Embolic Protection Devices
Devices designed for angioplasty and stenting of cerebral arteries, providing vascular support and embolic protection. - Neurothrombectomy Devices: Clot Retrieval Devices, Suction Devices, Vascular Snares
Devices intended for removal of clots in neurovascular treatments to restore blood flow. - Support Devices: Micro Catheters, Micro Guidewires
Ancillary devices aiding neurovascular procedures with navigation and access capabilities.
Application Insights
• Ischemic Stroke
Devices applied in the treatment of ischemic strokes caused by vessel blockages.
- Aneurysm
Use of devices to treat aneurysms in cerebral blood vessels. - Arteriovenous Malformation and Fistulas (AVM)
Devices for managing abnormal connections between arteries and veins. - Stenosis
Application of devices to treat vascular narrowing conditions. - Others
Additional applications beyond the main categories.
End User Insights
• Hospitals
Primary healthcare providers and major users of neurovascular devices.
- Ambulatory Surgical Centers
Facilities offering outpatient neurovascular surgical procedures. - Clinics
Smaller healthcare settings utilizing neurovascular devices. - Others
Other end users outside the main healthcare facilities.
Regional Insights
The market analysis covers Northern Vietnam, Central Vietnam, and Southern Vietnam regions. The report does not specify a dominant region or provide exact market shares or CAGR details by region. Therefore, specific regional market leadership and statistics are not provided in the source.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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