The scientific instrumentation industry in Vietnam is growing at a very fast pace. With the favorable demographic and increasing technology awareness, Vietnam has in recent years chalked up higher growth than many other markets within Southeast Asia (ASEAN) and the Asia Pacific (APAC) region.
DKSH believes that its rise in the application and development of scientific instrumentation has resulted in the market achieving an average growth rate of eight percent while the overall APAC growth was around 6.5 percent.
The DKSH Demo Lab in Hanoi which is equipped with modern scientific instrumentation equipment.
Vietnam is striving to develop more innovations as it aspires to be a high-income economy by 2045 and reach net-zero emissions by 2050. To achieve this, the government and private sector is placing a significant increase in research and development investment and initiatives across various key industries, including healthcare, food, electronics, and energy.
Singapore is a forerunner in ASEAN in the fields of biopharmaceutical, semiconductor, research, and academia. But in recent times as the biopharmaceutical industry picks up pace across Asia, other markets like Cambodia, Myanmar, the Philippines, and Vietnam, are starting to set up more testing laboratories to comply with international standards.
According to Hanno Elbraechter, Head Business Unit Technology, DKSH, spending on healthcare in APAC is increasing significantly due largely to the rising aging population. He stated that the aging society has spurred the development of new industries and products such as healthcare facilities, over-the-counter drugs, robotics, and healthcare for self-measurement.
Besides the young, dynamic, and inquisitive population, Vietnam’s aging population is resulting in an increase in healthcare expenditure. In addition, it is also raising awareness and educating the population about the environment and food safety.
Government, businesses, and organizations are jointly investing in more devices for research and development purposes, to bring about higher quality products, and improved services to the market. This is also to meet international standards as Vietnam aims to reach out to the regional and global markets.
“We realized that many pharmaceutical companies in Asia are spending more on research and development activities to come up with new drugs at a faster pace. This presents huge opportunities for the scientific instrumental business,” said Elbraechter.
In 2021, DKSH invested in a scientific instrumentation laboratory center at Bach Khoa University and in 2022, followed up with another center at the Phenikaa University in Hanoi. Both are equipped with advanced technology from renowned manufacturers like Malvern Panalytical, Agilent, Leica Microsystem, Merck, Binder, and Biomerieux.
The laboratory supports the students at the university by providing early access to modern technological equipment from around the world, as well as meeting the demands of businesses operating in Vietnam in need of better scientific equipment and facilities.
DKSH offers a variety of services, including instrument demonstration, application engineering, sample testing, R&D support, and technical training. DKSH’s technical experts can assess market needs, develop new methods, and use advanced technology to help customers improve and enhance their products and services.
"The laboratory will assist businesses in optimizing their investment while still meeting the needs of technical research, testing, and sampling,” said Elbraechter.
As a leading expert in market expansion services for the scientific research equipment industry in the APAC region, DKSH is well-placed to help international corporations involved in the field of scientific research equipment to grow sustainably.
This article is an excerpt from the original article published in Thanh Nien