Vietnam pharmaceutical market size 2021 3 Economy. 5 billion in 2021 and outlines the opportunities that still lie ahead. Revenue of the pharmaceutical market in Vietnam from 2015 to 2020, Revenue of the pharmaceutical market in Vietnam from 2015 to 2020 Sep 20, 2023 · Vietnam’s Favourable Position. 2 billion by 2029. During the forecast period between 2023 and 2029, the size of Vietnam pharmaceuticals market is projected to grow at a CAGR of 6. 1. In late 2021, the company acquired nearly 1. In general, the ultimate goal for the development of pharmaceutical industry in Vietnam is to “fully meeting the domestic demand” , reflecting the role of an essential sector rather than of a profit-seeking industry. Vo Tan Thanh, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), also shared that the pharmaceutical industry had witnessed two-digit Oct 25, 2024 · Việt Nam's pharmaceutical market has been expanding continuously in recent years. We use the anatomical therapeutic chemical index 2019 and the defined daily doses (DDDs) to describe the purchase (in number of DDD) and the price of carbapenem (presented in US dollar per DDD). Diep said there is significant space in the pharmacy retail market and the number of outlets belonging to chains accounts for only a small proportion, at 3,000 out of 50,000 in total. 3 Market Restraints. Market research firm IMS Health also predicts that per capita spending on medicines in Vietnam will rise to US$50 per person in 2020. 4 Vietnam’s Minimum Wage. 5 billion in 2021, while adding high-skilled and globally-competitive jobs. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest. ) 2. 8 billion explores how pharmaceutical companies operating in Asia can best navigate opportunities for continued expansion. 78%, growing to US$2,141. The figure is expected to reach $15 billion in the very next decade. 2 Market Drivers. 1 billion in 2026 with a compound growth rate of up to 11 per cent. The Vietnam Retail Pharmacy Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. Worldwide Pharmaceutical Market Factbook Worldwide Pharmaceutical Market Forecasts Report type: Pharmaceuticals Healthcare 5 hours ago · Gabapentin Market Gabapentin Market Dublin, Jan. 9% of the market share. Dec 7, 2024 · European Pharmaceutical Industry. The population of Vietnam officially entered an ‘aging phase’ in 2017 and is among the most rapidly aging countries in the world. To estimate and forecast the market size of Vietnam pharmaceuticals market from 2022E to The program on development of the domestic pharmaceutical and herbal medicine industry to 2030, with a vision to 2040, approved by the Government in March 2021, sets a target that by 2025, domestically produced drugs will reach 75% of the quantity used and 60% of the market value; the rate of using domestic medicinal herbs and herbal medicines Aug 16, 2022 · The EU continues to be Vietnam’s main pharmaceutical supply market with a turnover accounting for 51. 8 4. 3 billion in 2022, and exceeded $7. 12 billion by the end of 2028, growing at a CAGR of 5. 7. The Korea Pharmaceutical Market size is expected to reach USD 23. The pharmaceutical market in Vietnam is projected to increase to $7. 1 billion in 2026. Pharmaceutical Packaging Market was valued at over USD 110 billion in 2022 and is anticipated to grow at a CAGR of over 13% between 2023 and 2032. Sep 13, 2024 · Opportunities in Vietnam’s pharmaceutical industry. 3 billion in 2015 to $6. At the “Vietnam Pharmaceutical Industry and the Journey to Globalization” seminar, co-held by Newtechco Group Jan 11, 2022 · According to #TechSci Research report, Vietnam Pharmaceuticals Market has shown promising growth by 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Naturally, Vietnam has become an 6. 4 billion and Table Size and growth of Vietnam's insurance market during 2015-19, Vietnam, 2021 Healthcare Spending and Prescription Drug Price Trends, Vietnam Pricing Policies, Vietnam After continuing to face many challenges in the second COVID-19 year, Vietnam’s pharmaceutical industry is expected to see positive growth right in the first half of 2022 with a significant increase in revenue thanks to increasing sales of antipyretic and vitamin products when people actively buy medicine to treat minor illnesses. In KPMG’s new report, “The Value of Innovation in Vietnam,” the accounting firm highlights the Vietnamese pharmaceutical market’s rapid expansion from USD 5. 33% to reach 315. The European pharmaceutical industry is facing heavy competition by emerging economies like China and Korea. 1 Vietnam’s Pharmaceutical industry development environment. 22% reaching a value of USD 16. • Market by category per capita (US$) and Market by category (% of total). IQVIA Vietnam provides biopharmaceutical and other healthcare clients with a full range of services and solutions to improve their probability of success. In the group of Pharmerging Markets, divided into 3 subgroups, Vietnam is ranked in the third group of 12 countries. 19 billion in 2025 and grow at a CAGR of 2. 7 billion (USD) in 2021 and US$16. However, with the complicated developments of the macroeconomic situation and the inflation situation, the price of raw materials and fuels is forecasted to be still high in 2022 The market for pharmaceuticals in Vietnam is developing rapidly, in step with the country’s growing and aging population, rising per capita income, and increasing awareness of foreign brand-name drugs, which many Vietnamese consumers consider to be more reliable than generics and local brands. Vietnam’s 2016 Law on Pharmacy, which entered into force on January 1, 2017, is the primary legal framework governing the pharmaceutical sector, including registration, sale, and distribution Nov 24, 2024 · A majority of Vietnamese pharmaceutical firms are optimistic about 2025 market prospects despite challenges facing the healthcare and medicine sectors, according to a survey conducted by Vietnam Report JSC. 9% from 2022 to 2030. No. 1 Billion USD in The total value of Vietnam's pharmaceutical market is estimated at US$7 billion, but the industry faces challenges including low infrastructure and limited financial capacity, insiders have said. 9 Billion by 2030 growing at a CAGR of 15. 17, 2025 (GLOBE NEWSWIRE) -- The "Gabapentin Market Size, Share & Trends Analysis Report By Dosage Form, By Type, By Application, By Distribution Dec 1, 2023 · Vietnam is striving to develop the pharmaceutical industry to level 4, the highest as classified by the World Health Organisation, according to the National Strategy for Pharmaceutical Industry Feb 2, 2024 · Domestic pharmaceutical production contributes about three-quarters of Vietnam’s pharmaceutical output, but its pharmaceutical exports only reached about US$186 million in 2019 (Trend Economy, 2021), accounting for a small proportion of the domestic market value. Vietnam Pharmaceuticals Market was valued at USD 7. 3. 40% to reach USD 26. Market Size Vietnam Pharmaceuticals Market, Segmentation By Drug Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion Apr 19, 2022 · In 2021, the global logistics market has recovered from the Covid-19 epidemic with a market size value of 9. The market is driven by increasing demand from end-use sectors such as beverage, sauce & condiment, agrochemicals, pharmaceuticals, homecare & personal care, agricultural products, export Pharmaceutical R&D expenditure - Annual growth rate (%) Europe USA 0 2 4 6 8 10 12 2006-2010 2010-2015 2016-2020 5. If the pharmaceutical industry in 2021 is considered difficult to have breakthroughs and differentiation among businesses, the Oct 15, 2024 · Domestic market expansion. Mar 3, 2022 · HÀ NỘI — Retail giants have begun to ramp up investments in the pharmaceutical market, fueling the race for market dominance. 80% (2025-2029) resulting in a market volume of US$6. 2 billion in 2015 to nearly EUR 35 billion by the end of 2021. 3. To achieve this, the government together with MoH and DVA has managed short-term policies based on long-term development 23 comprehensive market analysis studies and industry reports on the Pharmaceuticals sector, offering an industry overview with historical data since 2019 and forecasts up to 2030. Apr 6, 2021 · Vietnam: Pharmaceutical industry ＜Industry overview＞ Maintaining double-digit growth while the market scale is expanding rapidly The Vietnamese pharmaceutical market in 2019 reached 6. According to the Drug Administration of Việt Nam (DAV), the market size reached $3. Active pharmaceutical ingredients (API) comprises features such increasing need for safe and effective product that will impact in launching a new product by manufacturers into the market, which enhances its demand as well as increasing investment in research and development, leading to the market growth. The Vietnam Pharmaceutical Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. 00m in 2029. Jun 22, 2021 · The market is dominated by flexible packaging segment (i. 60 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7. Therefore, Vietnam's pharmaceutical retail market is a delicious bait that drugstore chains strive to compete for market share. It is expected that in 2023, Vietnam’s pharmaceutical industry will be worth USD 9. This includes a detailed market research of 3160 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Nov 11, 2024 · With a large population and a growing demand for pharmaceuticals, Vietnam currently ranks among the top 17 countries with the highest pharmaceutical industry growth rates globally. I think starting from next year, Vietnam's pharmaceutical market will outpace Thailand, reaching around $8 billion. 4% over the same period in 2021 and accounting for 12. 7 Billion USD this year with a 16% CAGR (2012 – 2021), more than double that of the nation’s GDP (7%). Vietnam Plastic Packaging Market Preview 2021 1. ContentsPage No. Vietnam Generic Drugs Market Outlook 7. 680 million in 2021. According to statistics from the Drug Administration of Vietnam (DAV), in 2015 it only reached 3,3 billion USD, by 2021 it reached 6,9 billion USD, in 2022 it reached 7,3 billion USD and exceeded 7,7 billion USD at the end of last year. page 1 Aug 8, 2024 · Vietnam’s pharmaceutical sector is booming, fueled by rising demand for healthcare and the country’s global integration. The pharmaceutical industry is witnessing growth due to factors such as the increasing chronic disease prevalence, rising geriatric Mar 4, 2022 · The 13th National Party Congress approved the 10-year socio-economic development strategy for 2021-30, defining a target for 2030 with the focus on pharmaceuticals development, pharmaceutical industry, medical instruments, improving research capacity, and actively producing vaccines and patent drugs. Mar 21, 2022 · As per market research firm IBM, the size of Vietnam’s pharmaceutical industry may reach US$16. Europe invested more than €42,500 million in R&D in Europe in 2021 Mar 16, 2020 · Vietnam’s Pharmaceutical Market Overview. All data from both reports can be downloaded to excel or visualized using the Interactive Charts functionality in Fitch Connect. 9 billion). 96% through 2029. Mobile World Investment Corp (MWG) held a 49 per cent stake in Phúc An Khang pharmacy chain in 2017. The growing collaboration between pharmaceutical companies to manufacture enhanced pharmaceutical products, increasing geriatric population, and rising prevalence of various infectious diseases caused by novel viruses represent some of the key factors driving the market. 0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6. Unlocking Biosimilar Potential 2023; 2. Approximately 30% (30 million) of the population has the financial means to access expensive Western medicine. The goal is to position Vietnam as a center for At the same time, the Vietnamese pharmaceutical market has expanded rapidly, raising from USD5. 1 Vietnam Active Pharmaceutical Ingredients (API) Market Analysis and Size. Especially, the 10 outstanding enterprises in the pharmaceutical sector based on a company scale, business performance and credit rating in three consecutive years 2019, 2018 and ASEAN Region has a Booming Pharmaceutical Industry with A Significant Amount of Imported Product Consumption 0 2 4 6 8 10 12 14 16 Projected Growth Rate from 2019 to 2020 (%) Projected growth rate(%) 6. 7 billion in 2021 and $16. Explore key factors shaping the future of the industry, backed by expert analysis and data-driven insights for 2024 and beyond. Jun 28, 2022 · To analyze the historical growth in the market size of Vietnam pharmaceuticals market from 2017 to 2021. In 2022, after the epidemic is over, there will be more positive signs than in 2021. The market value is projected to reach 16. The prospects of Vietnam’s pharmaceutical industry are bright, if the country makes the right steps now. 1. 67 billion in 2021. While cost-containment policies will help manage government spending - which could limit opportunities for innovative multinational drugmakers - these drugmakers will benefit from Market research firm IBM said the size of Vietnam’s pharmaceutical industry could reach $7. 53 billion USD (increased 17% compared to previous year). As reported by the country’s Ministry of Health (2021), by the Market Size and Key Findings. The population is aging. Jul 5, 2024 · In 2021, the consumption of vitamin C in retail channels in Vietnam was forecasted to grow by 20 percent, the highest growth among selected pharmaceutical and health supplement products. 7 billion in 2021 and USD 16. 6% of pharma companies were confident about next year, while 20% expected stable conditions. For me it's the translation of two things. Vietnam’s position as the main pharmaceutical consumption market and Jan 4, 2023 · Market Size and Key Findings. Vietnam Active Pharmaceutical Ingredients (API) Market - Industry Trends and Forecast to 2030 Vietnam Active Pharmaceutical Ingredients (API) Market, By Therapeutic Class (Antibiotic, Cardiovascular, Lipid Lowering Drugs, Infectious Disease, Anesthetic, NSAIDS, Analgesic, Antiviral, Dermatology, Oncology, Endocrinology, Urology, Gastroenterology, Ophthalmology, Hormonal Agents, Muscle Relaxant Vietnam Pharmaceuticals Reports: Our 2024 Vietnam report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Pharmaceuticals market. Oct 11, 2023 · A critical aspect of the strategy involves the digital transformation of the pharmaceutical industry. 8 3. There is fierce competition in the pharmaceutical retail market among big names such as Pharmacity, Long Chau, An Khang, ECO Pharma, MEDiCARE, Jun 27, 2022 · To analyze the historical growth in the market size of Vietnam pharmaceuticals market from 2017 to 2021. Research methods are evolving and we have many promising prospects on the horizon, with ground-breaking cell and gene therapies being increasingly available*. Mr. 2 Vietnam Thailand Singapore 2019 Pharmaceutical Industry Market Size ($, Billion) Indonesia 6. 1 Impact Analysis. research-based pharmaceutical industry is entering an exciting new era in medicines development. These factors were then compared with case study markets to highlight policy areas for further consideration within Vietnam. 72 billion by 2033, registering a CAGR of 6. For the countries covered in this study—China, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam—the size of the aggregate pharmaceutical market rose by 28% between 2012 and 2017. 5 billion in 2021. 9 billion by 2026 with a CAGR of 7. Industry leaders were interviewed to understand the parameters that shape current and potential investment and domestic operation expansion decisions. State’s Role in Vietnam’s Pharmaceutical Industry: An Approach to Sustainable Development for Human Health Security Hoai Anh Nguyen and Thai-Ha Le Introduction In early May 2021, Vietnam faced the fourth wave of the COVID-19 pandemic. 2 Population. 22 billion by 2029, exhibiting a CAGR of 6. The Vietnam sugar market is projected to witness a compound annual growth rate of 3. This detailed examination provides an in-depth assessment of market performance and dynamics, supported by thorough review and study. 01 How big is the pharmaceutical market in Vietnam? The market size of Vietnamese pharamceutical market has been at $5. 9 billion in 2021, $7. e. 62 billion in 2022. By Company (2021) 6. 508 million by 2028 from US$1,651. 4 billion in 2022. Assessing the Biosimilar Void 2023 Biosimilar market size (2021) Biosimilar Jan 30, 2024 · The pharmaceuticals market was valued at approximately USD 6. 7 billion by the end of last year. Discover the latest trends, growth drivers, demand forecasts, and performance insights for the Vietnam Active Pharmaceutical Ingredients (API) market. Vietnam is among 17 countries with the most rapidly growing pharmaceutical industry in the world, according to IQVIA Institute. The Pharmaceuticals market [geoPrepName] is projected to grow by 5. The innovative pharmaceutical industry is driven by, and drives, medical progress. 7 billion in 2022 and is forecasted to reach USD 8. Jul 5, 2024 · In 2021, the hospital channel accounted for 70 percent of the pharmaceutical market in terms of value in Vietnam. 3 million additional shares to raise its ownership to 100 per cent. 1 7. Key initiatives include ensuring 100 per cent digitisation of information and data pertaining to drugs licensed for circulation that remain valid in Việt Nam. 5 Vietnam Pharmaceuticals Market Trends. In 2021, the global logistics market has recovered from the Covid-19 epidemic with a market size value of 9. multi-layered and mono-layered packaging), accounting for 77% of total market size in 2020. Imipenem Sep 18, 2024 · Value of the secondhand apparel market worldwide from 2021 to 2028 Medical sales in Vietnam, the second biggest pharmaceutical market in Southeast Asia, were forecast to reach over 9. Vietnam Pharmaceutical Market Size (In USD Bn) (2021-2030F) Market Dynamics. 90 billion in 2023 and is projected to surpass around USD 2,717. Following is the US with a turnover of 153. 5 percent over the previous year, becoming the second largest Pharmaceutical Packaging Market Size. 6 billion US dollars. In July 2021, large pharmaceutical companies in India have expressed their interests to open a pharmaceutical industrial park in Vietnam, with an initial investment of about USD 500 million. According to the Pharmaceutical Industry Development Program, by 2025, domestically produced drugs are expected to account for 75% of consumption and 60% of market By the end of 2017, Vietnam's pharmaceutical market size had reached USD 5. May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. 6 Malaysia 1. 2 Sales Status. Jul 3, 2024 · The statistic shows the value of pharmaceutical sales in Vietnam in 2016 and 2018, with a forecast for 2020. To capitalize on this growth, however, domestic companies must refine their business strategies to navigate a dynamic market with intensifying competition. 5 billion, up 10. BP Plc (Castrol), Mekong Petrochemical JSC, Petrolimex (PLX), Royal Dutch Shell Plc and TotalEnergies are the major companies operating in this market. Nov 22, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Mar 21, 2023 · Việt Nam’s pharmaceutical market has significant potential. 05 billion in 2022 to USD 2,401. 9 Vietnam Pharmaceuticals Market Revenues & Volume Share, By Mode of Purchase, 2020 & 2030F. 73% during 2024-2032. Large Market Size ; Vietnam boasts a substantial market size, owing to its population exceeding 98 million, with an average life expectancy of ~76 years. A decade of strong US market dominance led to a significant shift of economic and research activity towards the US during the period 1995-2005, a trend that has Online travel market size worldwide 2017-2028; Revenue of pharmaceutical market Vietnam 2015-2020, by segment Market share of pharmaceuticals in Vietnam 2019-2021, by channel Pharmaceuticals Market Size And Growth. However, with the complicated developments of the macroeconomic situation and the inflation situation, the price of raw materials and fuels is forecasted to be still high in 2022 Vietnam Lubricants Market News. Market Growth Drivers Analysis The goal to provide universal healthcare across Vietnam remains a priority. Aug 19, 2020 · Market research firm IBM said that the size of Vietnam's pharmaceutical industry may reach USD 7. Value of the secondhand apparel market worldwide from 2021 to 2028 Market Overview: Vietnam pharmaceuticals market size is projected to exhibit a growth rate (CAGR) of 7. As a result, some of Vietnam’s pharmaceutical spending comes from Mar 21, 2023 · See also: Spain, Poland, Italy, Hungary Pharma Companies Gain Equal Access to Vietnam Market. IQVIA Quarterly Pharmaceutical Market Outlook - November 2023 Note: (a) represents actual sales and (f) represents forecast sales; Abbreviation: DoT- days of treatment, TA- therapeutic area, LoE- loss of exclusivity Source: 1. Product Market Map 7. 3%. Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys Apr 12, 2021 · ined from tender-winning bids from provincial health authorities and public hospitals from 2013 to 2018. As per market research firm IBM, the size of Vietnam’s pharmaceutical industry may reach US$16. Pharmaceutical Market Size & Trends. Results: There are four available carbapenems in Vietnam between 2013 and 2018. Coupled with plans to expand local pharmaceutical production, both pharmaceutical and healthcare spending will continue to increase. 2 Vietnam Pharmaceutical Industry Operation Status 2018-2022. 7% of Vietnam’s total pharmaceutical import turnover. 12% from 2023 to 2030. We understand Vietnam's dynamic healthcare market and the megatrends driving its growth: a large and expanding population (more than 90 million people); economic growth; and significant unmet The Vietnam Automotive Lubricants Market is expected to reach 255. 06% (2025-2029) resulting in a market volume of US$2,957. 7 3. . The OTC Pharmaceuticals market in Vietnam is projected to grow by 6. It aims Dec 30, 2024 · The global pharmaceuticals market size was valued at USD 1,494. 2％ from the previous year. 1 the innovative pharmaceutical industry could bring to Vietnam. “Vietnam has a unique opportunity Oct 17, 2024 · The size of the Vietnamese pharmaceutical market has been continuously expanding in recent years. 4. This data will be updated into the Pharmaceutical Industry Data Bank. Pharmaceutical Market Key Takeaways. 3 billion in 2015 and grew to $6. 1 billion and increase to USD 16. A decade of strong US market dominance led to a significant shift Nov 20, 2024 · Vietnam’s pharmaceutical industry has been growing at a remarkable pace, with its market size surpassing $7. In July 2020, Pharmaceutical Industry Report is published by VietnamCredit, providing the general information about Vietnam's economic situation, an overview of the pharmaceutical industry and key ratios in 2019. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7. 4 billion in 2018 to an estimated USD6. 3 Analysis of Major Pharmaceutical Companies in Vietnam Later on in 2019, a follow-up report stated that the market size of Vietnam’s pharmaceutical industry reached USD 6. 1 Geography. 1 Vietnam Pharmaceuticals Market, By Type. The pharmaceutical industry is considered a key sector requiring focused resources and growth motivation from each enterprise. 6 Pharma Dec 23, 2024 · Regarding your question about the Vietnam pharmaceutical market, I think it's one of the biggest now in Southeast Asia. Market Growth Drivers Analysis The Pharmacies market in Vietnam is projected to grow by 4. Our investigation offers valuable insights through meticulous scrutiny and appraisal, ensuring a Notably, Imexpharm has emerged with its capacity to produce high-quality drugs that meet EU-GMP standards, setting a new trend in the Vietnamese pharmaceutical market. 7 billion last year, according to the Drug Administration of Vietnam. 3 million additional shares to raise its ownership to 100 percent. 6 Vietnam Pharmaceuticals Market, By Types. The global pharmaceutical market size was estimated at USD 1,482. Vietnamese pharmaceutical industry has a size of around 7. 14% of businesses rated their business situation as worse. Market research firm IMS Health also forecasts that per capita spending on pharmaceuticals in Vietnam will rise to USD 50 per person in 2020. 3 million, increasing 10% yoy. 4 Vietnam Pharmaceuticals Market Dynamics. 7 billion by the end of 2023 and an anticipated annual growth rate of 8% between 2021 and 2026. 9 billion by 2021, $7. This growth is driven by increased health awareness, rising disposable incomes, and a growing middle class. The European pharmaceutical market is expected to reach USD 432. 2. According to Fitch Solutions (2021), Vietnam and India will have multiple chances to cooperate in pharmaceuticals. Domestic firms do produce and distribute their own prescription drugs, but they often rely on international aid. 02 What is the largest pharmaceutical company in Vietnam Pharmaceutical Market? The global pharmaceutical market size was valued at USD 1,501. The survey found that 66. Vietnam Retail Pharmacy Market Size (In USD Bn) (2021-2030F) Market Dynamics. 9. The market is projected to grow from USD 1,585. Jul 11, 2023 · The demand for improving the immune system as well as health related issues of consumers are more focused after the Covid-19 pandemic. 4 billion in 2018 to an estimated USD 6. The market size has expanded significantly, reaching USD 335 million in 2020 from USD 305 million in 2019, reflecting a 10% growth rate. Market size of pharmaceutical retail According to research on consumer spending on health products, the amount of spending is Nov 24, 2022 · In which, revenue from the OTC channel increased by 23% compared to the same period in 2021, ETC channel decreased by 5. 3 billion in 2022, and $7. 1 Production Status. 9 billion in 2021 while BMI Research forecast the market to reach $16. 35% (2025-2029) resulting in a market volume of US$1,192. Digital healthcare Vietnam Pharmaceutical market is estimated at 7. 0 5. 3 Import and Export Status. 1 Overview Sep 5, 2024 · The health supplements market in Vietnam has experienced substantial growth from 2010 to 2023. % over the same period in 2021. 11 billion by 2030. The process of planning, building, and manufacturing containers or packaging materials for pharmaceutical items is referred to as pharmaceutical packaging. Jan 21, 2023 · Vietnam’s pharmaceutical market is fiercely competitive, encouraging many pharmaceutical chains to expand. Explore a comprehensive evaluation of the Vietnam Active Pharmaceutical Ingredients (API) market, delving into key trends, growth drivers, and demand factors. Market Structure & Description Vietnam plastic packaging is very fragmented with the participation of over 740 manufacturers Corrugated box mainly serves processing and manufacturing industries, particularly F&B, FMCG, footwear and electronics appliances, of which 30 –50% for processed food, 20 Aug 18, 2022 · Vietnam Pharmacy Retail Market Report 2022-2027: Significant Growth Expected, Driven by Consumer Preference Towards Online Pharmaceutical Shopping and Rising Incidences of Lifestyle Diseases The Global Pharmaceutical Manufacturing Market Size accounted for USD 425. 26bn in 2029. Ms. 3 S. 6. Compared to neighboring economies, the low average of pharmaceutical spending per capita is suggesting more room for future growth. Mar 3, 2022 · In late 2021, the company acquired nearly 1. 5 billion US dollars （about 689 billion yen）, an increase of 10. Vietnam pharmaceuticals market size was estimated at USD 10. 31 million Liters by 2030. Economist Nguyen Mai quoted the BMI Research in 2018 saying that Vietnam's pharmaceutical market size reached 5. Meanwhile, the size of the domestic pharmaceutical market has been expanding continuously in recent years, from only $3. 8 Philippines 3. 17% compared to the previous year (USD 5. 11% over the forecast period of 2024 to 2033. 09 million Liters in 2025 and grow at a CAGR of 4. Jul 5, 2024 · Online travel market size worldwide 2017-2028; (2021). Based on molecule type, conventional drugs (small molecules) dominated the overall market. The market size is far below China's 122. 9 Billion in 2021 and is estimated to achieve a market size of USD 1,599. Vietnam Generic Drugs Market Outlook. The Ministry of Health estimated the market at US$6. Government health policies have played a pivotal role in accelerating the development of Vietnam’s pharmaceutical industry, leading to a significant increase in its market size—from USD 5. PHARMACEUTICAL R&D EXPENDITURE ANNUAL GROWTH RATE (%) IMPORTANCE OF PHARMACEUTICAL R&D In 2021 the pharmaceutical industry invested more than €42,500 million in R&D in Europe. 9 billion USD, up 11. 1% during the forecast period. Online travel market size worldwide 2017-2028; Employees in the Spanish on the pharmaceutical industry in 2021 showed that up to 57. According to IQVIA, the industry also observed a 2 percent increase year-on-year, achieving a compound annual growth rate (CAGR) of 6 percent in the period 2018-2020. 4% annually. 6 IMPORTANCE OF PHARMACEUTICAL R&D In 2019 the pharmaceutical industry invested more than € 37,700 million in R&D in Europe. ogxk xpdz zhrieg erswd jqmd ikjd ybitvju yynq dxt qfumf

Vietnam pharmaceutical market size 2021. 22% reaching a value of USD 16.