SINGAPORE-LISTED healthcare companies eyeing growth in the region could find a “sizeable opportunity” in Vietnam, analysts said, as growing healthcare expenditure and rising income levels fuel demand for private healthcare.

Taishu McLawhorn, senior analyst for Asia-Pacific healthcare at market intelligence provider FrontierView, noted that Vietnam’s public healthcare system has been overburdened, and faces issues ranging from staffing shortages to outdated infrastructure.

This has led to patient outflows to the private healthcare sector, he said.