Vietnam Molecular Diagnostics Market Size & Outlook
Vietnam Molecular Diagnostics Market, 2018-2030 (US$M)
Global Market
Related Markets
Vietnam molecular diagnostics market highlights
- The Vietnam molecular diagnostics market generated a revenue of USD 21.2 million in 2024 and is expected to reach USD 24.5 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 2.2% from 2025 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2024.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Molecular diagnostics market data book summary
| Market revenue in 2024 | USD 21.2 million |
| Market revenue in 2030 | USD 24.5 million |
| Growth rate | 2.2% (CAGR from 2025 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents |
Other key industry trends
- In terms of revenue, Vietnam accounted for 0.1% of the global molecular diagnostics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China molecular diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,497.8 million by 2030.
Companies and organizations are expanding their presence in other countries through collaborations and agreements is expected to accelerate market growth. For instance, in November 2024, the United States Mission to Vietnam, through the United States Agency for International Development (USAID), in collaboration with the Ho Chi Minh City Department of Health and LIFE Social Enterprise Company Limited, launched a USD 1.85 million initiative aimed at helping Ho Chi Minh City meet the national target of ending the HIV/AIDS epidemic by 2030.
Despite these advancements, HIV infections continue to rise, particularly among men who have sex with men, who accounted for two-thirds of new cases in 2023. This growing focus on HIV detection and treatment is likely to drive demand for advanced molecular diagnostic tools, particularly for early detection, viral load monitoring, and drug resistance testing, thus further expanding the molecular diagnostic market.
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Publish Date: Jan 08, 2025
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Molecular Diagnostics Market Scope
Molecular Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Becton Dickinson & Co | View profile | 73,000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | www.bd.com |
| BioMerieux SA | View profile | 13,982 | Marcy l’Etoile, Lyon, France, 69280 | www.biomerieux.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Hologic Inc | View profile | 6,990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | www.hologic.com |
Vietnam Molecular Diagnostics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Molecular Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 70.28% in 2024.
Horizon Databook has segmented the Vietnam molecular diagnostics market based on instruments, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
Companies and organizations are expanding their presence in other countries through collaborations and agreements is expected to accelerate market growth. For instance, in November 2024, the United States Mission to Vietnam, through the United States Agency for International Development (USAID), in collaboration with the Ho Chi Minh City Department of Health and LIFE Social Enterprise Company Limited, launched a USD 1.85 million initiative aimed at helping Ho Chi Minh City meet the national target of ending the HIV/AIDS epidemic by 2030.
Despite these advancements, HIV infections continue to rise, particularly among men who have sex with men, who accounted for two-thirds of new cases in 2023. This growing focus on HIV detection and treatment is likely to drive demand for advanced molecular diagnostic tools, particularly for early detection, viral load monitoring, and drug resistance testing, thus further expanding the molecular diagnostic market.
- Vietnam Molecular Diagnostics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Instruments
- Reagents
- Others Product
- Vietnam Molecular Diagnostics Market Test Location Outlook (Revenue, USD Million , 2018-2030)
- Point of care
- Self test or OTC
- Central laboratories
- Vietnam Molecular Diagnostics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- PCR
- ISH
- INAAT
- Chips and microarrays
- Mass spectrometry
- Sequencing
- TMA
- Others Technology
- Vietnam Molecular Diagnostics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Oncology
- Pharmacogenomics
- Infectious disease
- Genetic testing
- Neurological disease
- Cardiovascular disease
- Microbiology
- Others Application
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Horizon Databook provides a detailed overview of country-level data and insights on the Vietnam Molecular Diagnostics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Vietnam Molecular Diagnostics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Vietnam Molecular Diagnostics Market, 2018-2030 (US$M)
Vietnam Product - Molecular Diagnostics Market Statistics, 2024 - 2030 (US$M)
