Vietnam Intensive Care Unit (ICU) Beds Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.68 Million |
| Market Size (2030) | USD 0.91 Million |
| Growth Rate (2025 - 2030) | 5.69% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Vietnam Intensive Care Unit (ICU) Beds Market Analysis by Mordor Intelligence
The Vietnam Intensive Care Unit Beds Market size is estimated at USD 0.68 million in 2025, and is expected to reach USD 0.91 million by 2030, at a CAGR of 5.69% during the forecast period (2025-2030).
ICU beds are essential hospital equipment designed to ensure patient safety and comfort during critical medical care. In Vietnam, the market for ICU beds is experiencing significant growth, primarily driven by the rising prevalence of chronic and respiratory diseases, which has increased the demand for advanced critical care solutions. Technological advancements in ICU equipment are further enhancing the efficiency and functionality of these products, contributing to market expansion. Moreover, the ongoing development in healthcare infrastructure is also expected to create substantial growth opportunities for the market in the coming years.
Moreover, the segment is witnessing significant developments driven by strategic investments and expansions in the healthcare sector. For instance, Warburg Pincus, a United States investment fund, invested in Xuyen A, a prominent private hospital chain in Vietnam, in April 2024. This collaboration aligns with the hospital chain's expansion strategy and reflects the increasing demand for advanced healthcare facilities in the region. Xuyen A currently operates four hospitals with over 1,000 beds, including ICUs across Ho Chi Minh City and the provinces of Long An, Tay Ninh, and Vinh Long. The hospital chain is also developing two new projects in Dak Nong, located in the Central Highlands. These developments underscore the growing emphasis on enhancing Vietnam's healthcare infrastructure, positioning the segment for sustained growth and increasing investment opportunities in the years to come.
Furthermore, the segment presents significant growth opportunities driven by the country's expanding healthcare sector and economic development. For instance, in 2023, Vietnam's GDP at current prices was estimated to be approximately $430 billion. The GDP per capita for the year was projected at about 4,284.5 USD, reflecting a 160 USD increase compared to 2022. The Economist Intelligence Unit (EIU) reported that Vietnam's healthcare expenditure in 2022 was around USD 18.5 billion, constituting 4.6% of the nation's GDP, with Vietnam's public and private hospitals upgrading their infrastructure and introducing new specialty departments. Notably, public hospitals, which comprise 86% of Vietnam's total hospitals, dominate the country's healthcare landscape. In fact, hospitals located in Hanoi and Ho Chi Minh City, which cater to 60% of the nation's patients, often operate at double their intended capacity. As Vietnam continues to invest in its healthcare infrastructure, the demand for ICU beds is expected to rise, creating a favorable environment for market players to capitalize on these opportunities.
In conclusion, the Vietnam ICU beds market is positioned for sustained growth, driven by advancements in healthcare infrastructure, strategic investments, and increasing demand for critical care solutions. However, the high cost of ICU beds, as well as the shortage of skilled healthcare workers, is expected to hinder market growth over the forecast period.
Vietnam Intensive Care Unit (ICU) Beds Market Trends and Insights
Beds Segment is Expected to Have Significant Growth in the Market Over the Forecast Period
Vietnam’s ICU beds market is witnessing a notable surge in the beds segment, driven by the critical role it plays in addressing evolving healthcare needs. This growth reflects trends such as the increasing demand for hospital stays, technological advancements in beds, and the rising geriatric population in the country. These factors underscore the segment's significance in addressing the increasing demand for efficient and accurate ICU beds in the market.
Moreover, the increasing strategic partnerships and growing demand for ICU beds are driving segment growth over the forecast period. For instance, in October 2023, Raffles Medical Vietnam (RMG) announced that it had acquired a majority interest in American International Hospital, a 120-bed tertiary care facility located in Ho Chi Minh City, Vietnam. As part of this strategic move, RMG also entered into a management service agreement to oversee the hospital's operations. Additionally, the expansion of ICU beds within the facility is anticipated to address the growing demand for critical care services in the region.
Furthermore, the segment is poised for significant growth, driven by the government's commitment to enhancing healthcare infrastructure and meeting international standards. For instance, in March 2024, Vietnam planned to elevate six hospitals to international standards, addressing the rising trend of its citizens seeking medical care abroad. Under a healthcare network blueprint for 2021–30, recently ratified by the government, Vietnam aimed for six hospitals in Hanoi, Ho Chi Minh City, and Thừa Thiên-Huế to gain global acclaim for their state-of-the-art medical facilities. The initiative sets a 2025 goal: 33 hospital beds, including ICU, 15 doctors, 3.4 pharmacists, and 25 nurses for every 10,000 residents. These developments underline Vietnam's strategic focus on improving healthcare accessibility and quality, which is expected to create opportunities for market players in the ICU beds segment.
In conclusion, the Vietnam ICU beds segment presents significant growth opportunities driven by government initiatives, strategic collaborations, and increasing demand in underserved regions. Market players are well-positioned to capitalize on these developments by aligning their strategies with the country's evolving healthcare priorities.
Electric ICU Beds Segment is Expected to Have Fastest Growth in the Market Over the Forecast Period
The electric ICU beds segment is undergoing significant growth driven by rising healthcare demands. Advanced ICU beds, integral to managing critically ill patients, offer features such as pressure redistribution and patient positioning assistance. Thus, the increase in the prevalence of chronic diseases highlights the growing need for advanced ICU beds as more extended hospital stays are anticipated. For instance, according to a September 2024 report by the EUROPEAN UNION AGENCY FOR ASYLUM, strokes and ischemic heart diseases are the primary contributors to death and disability within the CVD category. Data from Bach Mai Hospital, the largest public hospital in Hanoi, indicates that in 2023, 15% to 17% of CVD patients admitted were under the age of 40, highlighting a concerning trend in younger demographics.
Cardiac patients, who often require extended ICU stays, benefit from electric ICU beds that help prevent complications like pressure ulcers and enhance respiratory function. As the need for advanced patient care solutions continues to grow, the electric ICU beds segment is positioned for substantial market expansion.
Several critical factors drive the electric ICU beds segment. The increasing focus on infection control to address hospital-acquired infections is a significant contributor. The ongoing modernization of Vietnam's healthcare infrastructure further supports market growth. Technological advancements, such as electric ICU beds technology, sensor integration for real-time patient monitoring, automated systems for optimal pressure distribution, and innovative fabric technologies, are enhancing the functionality and efficiency of these beds. These factors collectively position the segment for sustained growth in the forecast period.
Competitive Landscape
A mix of established companies and emerging players characterizes the competitive landscape of the ICU beds market in Vietnam. The market is moderately consolidated yet dynamically competitive. Additionally, many companies offer specialized solutions, contributing to a vibrant and evolving ecosystem. Some of the major players in the market include Paramount Bed Co., Ltd., Stiegelmeyer GmbH & Co. KG, MP Surgical, Kay & Company, and others.
Vietnam Intensive Care Unit (ICU) Beds Industry Leaders
-
Paramount Bed Co., Ltd.
-
Stiegelmeyer GmbH & Co. KG
-
MP Surgical
-
Kay & Company
-
Apothecaries Sundries Mfg. Pvt. Ltd.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2025: Thai Nguyen International Hospital JSC (TNH), under TNH Hospital Group JSC, is advancing its healthcare operations with 700 licensed beds, including ICU facilities, across three locations. Its flagship, Thai Nguyen International Hospital, offers 400 beds, while Yen Binh Thai Nguyen General Hospital and TNH Viet Yen Hospital each plan for 300 beds, starting with 150 in Phase I. By 2030, the group targets 10 hospitals nationwide with 3,000 beds, including ICU facilities, serving 1.6 million annual visits and implementing innovative hospital models to enhance patient care and community value.
- April 2024: E Hospital, an institution under Vietnam's Ministry of Health, partnered with Z-waka Vietnam Co., Ltd. to launch a Continuous Medical Education Program. This initiative aims to enhance healthcare education through innovation and accessibility. E Hospital operates over 1,000 beds, including an ICU, a Cardiovascular Center, and 62 specialized departments, supported by advanced medical techniques and a skilled workforce. The hospital is actively driving digital transformation in medicine, particularly in medical training activities, under its motto “Change for development.”
Vietnam Intensive Care Unit (ICU) Beds Market Report Scope
As per the report's scope, ICU beds, designed for critically ill patients, are equipped with advanced features such as height adjustments, head and foot tilts, and CPR positioning. These functionalities ensure patient stability and enhance the operational efficiency of healthcare providers.
The Vietnam ICU beds market report provides a comprehensive analysis of the current state and growth potential of the country's ICU beds market. The market is segmented by product type, which includes beds (electronic and manual). The report offers the market size in terms of both value (in USD) and volume (in units) for the above segments.
| Electric ICU Beds |
| Manual ICU Beds |
| By Product Type | Electric ICU Beds |
| Manual ICU Beds |
Key Questions Answered in the Report
How big is the Vietnam ICU Beds Market?
The Vietnam ICU Beds Market size is expected to reach USD 0.68 million in 2025 and grow at a CAGR of 5.69% to reach USD 0.91 million by 2030.
What is the current Vietnam ICU Beds Market size?
In 2025, the Vietnam ICU Beds Market size is expected to reach USD 0.68 million.
Who are the key players in Vietnam ICU Beds Market?
Paramount Bed Co., Ltd., Stiegelmeyer GmbH & Co. KG, MP Surgical, Kay & Company and Apothecaries Sundries Mfg. Pvt. Ltd. are the major companies operating in the Vietnam ICU Beds Market.
What years does this Vietnam ICU Beds Market cover, and what was the market size in 2024?
In 2024, the Vietnam ICU Beds Market size was estimated at USD 0.67 million. The report covers the Vietnam ICU Beds Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam ICU Beds Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on:
