Vietnam Long Term Care Market Outlook: Trends, Growth, and Future Opportunities 2025-2033

The Vietnam Long Term Care Market was valued at 3699 million USD in 2024 and is projected to grow at a CAGR of 5.13% during the forecast period of 2025 to 2033. The market growth is driven by aging population demands, increased acceptance of professional long-term care (LTC), advances in digital health records and telemedicine, and rising international investment. This sector addresses chronic health conditions and disabilities through various care services essential for daily living and medical support.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Vietnam Long Term Care Market Key Takeaways

• The market size in 2024 was valued at 3699 million USD.
• The market is expected to grow at a CAGR of 5.13% during 2025-2033.
• The forecast period spans from 2025 to 2033.
• The aging population and rising chronic diseases increase demand for eldercare services.
• There is growing acceptance and awareness of professional LTC beyond traditional family care.
• Technological advancements like digital health records and telemedicine are enhancing care quality.
• Increased foreign investments are bringing international standards and innovative care models to the market.

Sample Request Link: https://www.imarcgroup.com/vietnam-long-term-care-market/requestsample

Market Growth Factors

The Vietnam long term care market is primarily driven by the country's rapidly aging population, which significantly increases the demand for comprehensive eldercare services. This demographic shift, alongside rising life expectancy, emphasizes an urgent need for quality LTC facilities that can support long-term health and personal care. As the elderly population grows, the chronic disease burden escalates, necessitating extended medical care and rehabilitative therapies, thus propelling market growth.

Further fueling the market is the rising awareness and acceptance of professional long-term care among Vietnamese people, moving away from the traditional reliance on family-based care. This shift reflects changes in socio-economic factors including busier lifestyles and urbanization, prompting families to seek professional care solutions. Additionally, the integration of modern healthcare practices with traditional cultural values ensures that LTC services are both effective and socially acceptable in Vietnam.

Technological advancement is another crucial driver enhancing Vietnam's LTC market. The increased adoption of digital health records, telemedicine, and advanced medical equipment improves the quality and efficiency of care services. These innovations reduce workload on caregivers and provide timely, accurate health monitoring and intervention. Combined with government support through favorable policies and investments in healthcare infrastructure, the sector is becoming more accessible and capable of meeting the growing needs. Furthermore, international investment is expanding capacity and introducing global care standards, offering promising growth prospects.

Market Segmentation

Service Insights:

• Home Healthcare: Involves delivering medical and supportive care at patients' homes, facilitating essential daily activities and health monitoring.
• Hospice: Provides compassionate end-of-life care for terminally ill patients, focusing on comfort and quality of life.
• Nursing Care: Offers medical and personal care in nursing homes for individuals needing skilled healthcare assistance.
• Assisted Living Facilities: Residential facilities that support individuals with daily living tasks while promoting independence.
• Others: Includes additional long-term care services tailored to specific needs beyond the main categories.

Gender Insights:

• Male: Analysis covers the long term care needs and service utilization patterns among the male population.
• Female: Examines LTC demand and usage trends specifically for females.

Payer Insights:

• Public: Includes government-funded long term care services and subsidies.
• Private: Refers to care financed through private health insurance or private service providers.
• Out-of-Pocket: Encompasses direct payments made by patients or families without insurance support.

Regional Insights

The Vietnam long term care market covers three major regions: Northern Vietnam, Central Vietnam, and Southern Vietnam. The report does not provide explicit market shares or CAGR for each region, thus no specific dominant region is identified. However, all regions are recognized as significant contributors to the overall market growth during the forecast period from 2025 to 2033.

Competitive Landscape

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302