Vietnam Mental Health Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 1.09% (2024-2032)

The Vietnam mental health market is expanding, driven by growing awareness of mental health issues, increasing government initiatives, and the rising demand for mental health services and support. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 1.09% from 2024 to 2032.

Vietnam Mental Health Market Trends and Drivers:

The Vietnam mental health market is primarily driven by increasing awareness about mental health issues and the government’s efforts to improve healthcare infrastructure. Additionally, rapid urbanization and the associated lifestyle changes have contributed to a rise in mental health concerns, particularly in urban centers like Hanoi and Ho Chi Minh City. Stress related to work, education, and societal pressures has heightened the demand for mental health services.

Furthermore, the government is investing in mental health facilities and programs to address the growing need for psychological support and counseling services. Moreover, technological advancements are also shaping the Vietnam mental health market. The rise of telemedicine and digital mental health platforms is providing individuals with convenient access to therapy and counseling, especially in rural areas where mental health services are limited. These platforms offer online consultations, mental wellness apps, and remote therapy sessions, making mental health care more flexible and efficient.

Key trends in the Vietnam mental health market include the growing demand for specialized services catering to different demographic groups. As the country’s population continues to age, there is an increasing need for mental health care aimed at older adults, particularly in addressing conditions like dementia and depression. In addition, the youth population is becoming more aware of mental health, leading to a rise in demand for adolescent mental health services.  

Moreover, the pandemic has accelerated the demand for mental health care as individuals grapple with anxiety, depression, and other stress-related conditions. This has spurred public and private sectors to focus on expanding mental health resources, which is expected to drive the market in the coming years further. Besides, the shift in public perception toward mental health reduces the stigma surrounding seeking professional help. This cultural change, combined with the growing availability of mental health services, has resulted in more individuals accessing treatment. Furthermore, the expansion of insurance coverage for mental health services has made treatment more affordable and accessible, encouraging more people to seek support across Vietnam.

Vietnam Mental Health Market Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Vietnam mental health market size. It includes forecasts for 2024-2032 and historical data from 2018-2023 for the following segments.

The report has segmented the market into the following categories:

Disorder Insights:

  • Schizophrenia
  • Alcohol Use Disorders
  • Bipolar Disorder
  • Depression and Anxiety
  • Post-Traumatic Stress Disorder
  • Substance Abuse Disorders
  • Eating Disorders
  • Others

Service Insights:

  • Emergency Mental Health Services
  • Outpatient Counselling
  • Home-Based Treatment Services
  • Inpatient Hospital Treatment Services
  • Others

Age Group Insights:

  • Pediatric
  • Adult
  • Geriatric

Regional Insights:

  • Northern Vietnam
  • Central Vietnam
  • Southern Vietnam

For an in-depth analysis, you can refer to a sample copy of the report: 

https://www.imarcgroup.com/vietnam-mental-health-market/requestsample

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current, and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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