Vietnam pharmaceutical market pdf. Market Size & Forecast 6.

Vietnam pharmaceutical market pdf . Oct 20, 2020 · Among 35 countries with pharmaceutical companies sharing the antibacterial market in Vietnam, India and Cyprus contributed the highest proportions of total DDDs, together supplying 8. 1: Noticeable cross-border M&A in Vietnam’s pharmaceutical market Table 2. Prepared in association with Tilleke & Gibbins, a full-service regional law firm Mar 22, 2023 · Under the pharmaceutical industry development programme to 2030 with a vision to 2040 which the Government approved in March, Vietnam set a goal that by 2025, domestically-produced drugs account for 75% of the market consumption volume and 60% of the value, and by 2030 80% and 70%, respectively. The dominance of local competitors varies as well. 7 billion in 2022 and is forecasted to reach USD 8. Papers prepared for pharmaceutical sector conference 2008, Ministry of Health Sep 13, 2024 · Opportunities in Vietnam’s pharmaceutical industry. The market’s 2 — THE PHARMA LEGAL HANDBOOK VIETNAM The Pharma Legal Handbook answers essential questions about this environment for pharmaceuticals in Vietnam. These serve as guiding principles for the plan and form the framework around which it has been developed. There is fierce competition in the pharmaceutical retail market among big names such as Pharmacity, Long Chau, An Khang, ECO Pharma, MEDiCARE, Jan 2, 2025 · Vietnam is currently among the countries with the fastest total pharmaceutical market value and pharmaceutical industry growth in the world. The major products in the industry are Medicines Functional foods Antibiotics, vaccines The primary activities of the industry are Medicines preparing Vietnam Pharmaceuticals Reports: Our 2024 Vietnam report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Pharmaceuticals market. Jan 1, 2020 · Vietnam's pharmaceutical market reached an estimated revenue of 5. Pharmaceutical industry development, supply demand balancing solutions to stabilize the Vietnam pharmaceutical market. In 2022, this enterprise recorded a revenue of more than VND 5,500 billion, higher than that of DHG Pharma. The figure is expected to reach $15 billion in the very next decade. In detail, the industry posted a VND10,899bn turnover and VND827bn NPAT. Vietnam's pharmaceutical industry in particular presents opportunities due to the country's growing population, increased health awareness, and greater access to medicines. Jul 5, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Market Size & Forecast 6. Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). Additionally, access to middle-class In this thesis, a mixed-method approach was adopted in the analysis of medicine prices and polices. Revenue of the pharmaceutical market in Vietnam from 2015 to 2020, by segment (in billion U. May 25, 2022 · Although the proportion of drugstore chains is still quite small, the ambitious plan of the top three drugstore chains is to bring the total number of drug stores in the pharmacy chain to 7,300 in 2025, equivalent to 16 per cent market share and thus helping the pharmaceutical industry's revenue to increase more than the actual demand of the Pharmaceutical R&D expenditure - Annual growth rate (%) Europe USA 0 2 4 6 8 10 12 2006-2010 2010-2015 2016-2020 5. Jan 19, 2024 · The draft amendment has added a new Article (Article 53a) which stipulates the rights and responsibilities of foreign-invested enterprises (FIEs) in the pharmaceutical industry. However, a few foreign-invested pharmaceutical companies • Vietnam as one of 17 countries classified as pharmerging markets with double digit growth • In Oct 2023, Vietnam issued National Strategy for Vietnam’s pharma industry development by 2030 with a vision towards 2045, aiming to reach WHO maturity level 4 USD 8 billion USD 16 billion 2023 2030 forecast USD 3. They 2 — THE PHARMA LEGAL HANDBOOK VIETNAM The Pharma Legal Handbook answers essential questions about this environment for pharmaceuticals in Vietnam. Vietnam: profit and loss in health care. 6 billion by 2030. 2: Vietnam Pharmaceuticals Market Overview 4. SIMATIC PCS 7 GMP-EU STANDARD FOR PHARMACEUTICAL BUSINESS. 3 Industry Scale and Feature Source: VIRAC, Hanoi University of Medicine and Pharmacy Content is intentionally removed for demo purpose Jan 30, 2024 · The pharmaceuticals market was valued at approximately USD 6. 8173, r = 0. Jan 16, 2024 · Historical and projected use of medicines by region, 2018-2028, Defined Daily Doses (DDD) in billions. Oct 1, 2010 · In Vietnam, the methods of controlling medicine prices included a modified free market pricing structure, and the Pharmaceutical Law No 34/2005/QH11 stated that medicine suppliers and distributors The Vietnam Diabetes Care Drugs Market is expected to reach USD 216. 2020 Volume 2: Market Environment Apr 28, 2023 · Vietnam’s pharmaceutical industry is one of the fastest growing in Southeast Asia due to factors such as a rising GDP per capita and ageing population. Voice of Customers. Eli Lilly, Boehringer Ingelheim, Astrazeneca, Sanofi and NovoNordisk are the major companies operating in this market. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing significant correlation with the number of manufacturers in the market. 5 billion US dollars （about 689 billion yen）, an increase of 10. Methods: Data on the price and availability of | Find, read and cite all the research Mar 28, 2017 · Cao, Q. Ninety percent of the country’s medication expenditure was on research-based pharmaceutical industry is entering an exciting new era in medicines development. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing Jun 30, 2021 · The purpose of this article is to examine how the covid19 pandemic affects the share price of the pharmaceutical industry in Vietnam. 1 billion in 2026 with a compound growth rate of 11% in VND. Over the forecast period to 2024, it is expected that the pharmaceutical market will reach a value of USD6. This data will be updated into the Pharmaceutical Industry Data Bank. Pharmaceutical industry of Vietnam includes traditional medicines and western medicines. Following is the US with a turnover of 153. Vietnam Pharmaceuticals Market Outlook. Google Scholar Chalker, J. Vietnam’s WTO Schedule of Commitments on Services has intentionally excluded pharmaceuticals from the sectors for which market access is open to distribution by foreign investors. Regulatory overview 1. 6% of total foreign antibacterials (J01) procured (28. Moreover, the Pharmaceutical Law is silent on the distribution right of foreign companies. 6% based on the growth during 2015 to 2017. , pharmacies). 8% yoy growth in revenue and NPAT, respectively. The price variability and the number of manufacturers of doripenem (P = 0. The targeted per capita drug expenditure is about USD 8-10 for fiscal Jul 1, 2023 · 3. Many of these local competitors have a distinct 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. 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. Try Now! Aug 29, 2017 · This paper aims to explore the development of the pharmaceutical industry during the years 1990–2015 and to identify a series of weaknesses in the government promotion of the industry. >> Vietnam Pharmaceutical Industry Report 2020 - Download Now. LACK OF RAW MATERIALS DUE TO DISEASE EFFECTS WORLD PHARMACEUTICAL INDUSTRY I. M. There was also increase in drug consumption from USD 0. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing stage at a very high rate. It is a must-have for any company operating in the country or looking to enter the market. 1% on average during 2000–2015), the Vietnamese population is considered to be entering the ageing stage at a very high rate. Control solutions in pharmaceutical manufacturing are required to meet the following requirements: Automated control and control measures play a critical role in the pharmaceutical business at each level. Today, the pharmaceutical market in Vietnam is growing at a rapid pace and has increased from USD2. Explore a comprehensive evaluation of the Vietnam Active Pharmaceutical Ingredients (API) market, delving into key trends, growth drivers, and demand factors. Twenty years ago, the healthcare was under sole control of the central government. % over the same period in 2021. com India: (+91) 931 639 7935 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. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing Dec 23, 2024 · Regarding your question about the Vietnam pharmaceutical market, I think it's one of the biggest now in Southeast Asia. Overall, the 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 Pharmaceutical industry mainly produces medicines and medicine-related substances. Our key c IQVIA Vietnam provides biopharmaceutical and other healthcare clients with a full range of services and solutions to improve their probability of success. 2: Noticeable domestic M&A in Vietnam’s pharmaceutical market Oct 10, 2023 · Goverment has just approved the National Strategy for the Development of the Vietnamese Pharmaceutical Industry to 2030 and a vision to 2045. The goal is to position Vietnam as a center for Aug 29, 2017 · Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). 7 Billion USD this year with a 16% CAGR (2012 – 2021), more than double that of the nation’s GDP (7%). Jul 5, 2024 · In 2022, imports accounted for 55 percent of the pharmaceutical market in Vietnam. significant correlation with the number of manufacturers in the market. 1 Top 10 pharmaceutical enterprises in 2018 51 3. This is one of the leading brands in the pharmaceutical industry in Vietnam. Hanoi :Ministry of Health. Furthermore, revenue/NPAT of the industry spread by 2. 16 million in 2025 and grow at a CAGR of 3. Oct 27, 2022 · However, Vietnam’s production capacity meets only 53 percent of its domestic pharmaceutical demand and in 2021 the country spent USD 4 billion on importing pharmaceuticals. International Journal of Environmental Research and Public Health Article Pharmaceutical Industry in Vietnam: Sluggish Sector in a Growing Market Antonio Angelino 1, *, Do Ta Khanh 2 , Nguyen An Ha 2 and Tuan Pham 2 1 2 * Department of Economics and Management, University of Ferrara, Via Voltapaletto 11, 44121 Ferrara FE, Italy Vietnam Academy of Social Sciences, 1 Liễu Giai, Ba Đình, Hà 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. 9% of the market share. 1% qoq in 3Q22. Overview 1. All information analyzed for this project has been anonymized and company-specific data has been averaged to an industry-wide average. Overview of Vietnam Pharmaceutical Market 2022. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing 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. 2 Timeline of Major Players in Vietnam Pharmaceutical Market 5. Vietnam Pharmaceuticals Market was valued at USD 7. Event study is the main methodology of this article. A large proportion of pharmaceuticals are only available on Jan 25, 2024 · In Vietnam, the primary channels for medicine distribution are over-the-counter (OTC) and essential therapeutic care (ETC) drugs. Thus, representative offices (ROs), liaising with Vietnamese distributors, have traditionally been the favored form of establishment for foreign market entrants. 499) also had a strong positive correlation. As Vietnam’s economy has enjoyed impressive growth over the last three decades, its healthcare system has Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). In 2020 forecasts show that the market might grow by 4. 6 billion US dollars. 1 Market Sizing Analysis of Vietnam Pharmaceutical Market, 2018-2022 Fill Overview Of Thailand Pharmaceutical Industryt, Edit online. 1. 6: Market Segmentation for Vietnam Pharmaceuticals Market by Generic and Patented Drugs, 2013 and 2017 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. Conclusion: The price of carbapenems in the Vietnam pharmaceutical market was high. World Health Forum, 16, 194–195. 5 billion in 2021, while adding high-skilled and globally-competitive jobs. 22 million by 2030. The goal to provide universal healthcare across Vietnam remains a priority. Under this article, the rights of FIEs in the pharmaceutical industry are extended to include many of the same rights as domestic pharmaceutical companies. 8 3. The global use of medicines — based on modeling medicine volumes shipped according to defined daily dose assumptions — increased by 414 billion defined daily doses over the past five years, and is expected to grow another 400 billion by 2028. 7: Growth of OTC and ETC channels in Vietnam’s pharmaceutical industry forecast 2015-2023 List of tables Table 1. This report thus offers a perspective on the current and future innovative pharmaceutical market comparatively, and within Vietnam with the purpose of maximizing Vietnam`s growth potential. 57 7 10 84 97 187 99 510 2 3 1 7 6 8 Latest number of stores Fast gaining market share, Pharmacity now market dominance nationwide Confidential Mom & Pop stores dominate the $1. 3%/13. OPPI The Organisation of Pharmaceutical Producers of India OTC Over-The-Counter PBRER Periodic Benefit Risk Evaluation Report PD Pharmacodynamics PG Pharma Group (Vietnam) PhAMA Pharmaceutical Association of Malaysia PHAP Pharmaceutical and Healthcare Association of the Philippines Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). Capacity and needs II. 7 billion in 2015 to USD3. Long-term growth potential 2. 5. The Pharmacies market in Vietnam is projected to grow by 4. Prepared in association with Tilleke & Gibbins, a full-service regional law firm Sep 7, 2016 · The pharmaceutical market of Vietnam has been characterized by imported drugs, which have meet nearly 60 % of the total domestic consumption in the recent years (Nguyen 2014b; Maybank KimEng 2015). 2 Financial indicators 62 3. 2 Vietnam Pharmaceutical Industry Overview –2. info@insights10. In the Philippines, the largest local company commands 30% of the market, while the largest local competitor in Vietnam owns just 5% of the market. 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. 2 n the period 1990-2002. Enterprise analysis 50 2. To achieve this, the government together with MoH and DVA has managed short-term policies based on long-term development Vietnam Pharmaceuticals Market - Size, Share, Growth Analysis, Opportunity & Forecast Report, 2019–2029, Segmented By Drug Type (Generic Drugs, Branded Drugs); By Product Type (Prescription Drugs, Over The Counter (OTC) Drugs); By Application (Cardiovascular, Metabolic Disorders, Oncology, Anti-infective, Musculoskeletal); By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, E-Pharmacy) Dec 31, 2007 · Sanofi has been present in Vietnam since 1983 through its joint venture Sanofi Pharma Vietnam. 1 Vietnam Pharmaceutical Market Ecosystem 4. dollars) [Graph], BIDV The Pharmaceuticals market [geoPrepName] is projected to grow by 5. Production status 3. Specifically, Stata (Germany) has purchased Pymepharco shares and increased its ownership to 76%. 17 billion in 2023 and is expected to reach USD 13. The Vietnam pharmaceuticals market is characterized by several major players, including DHG Pharmaceutical Joint-Stock Company and Sanofi Vietnam. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing Aug 15, 2024 · To download this statistic in PDF format you R&D employment within the pharmaceutical industry in Spain 2008-2022 General Statistics Office of Vietnam, Import value of pharmaceutical and Mar 6, 2022 · Government: Vietnam is a one-party communist state Official name: Socialist Republic of Vietnam GDP Per Capita: Purchasing power parity $2,600 The registration process in Vietnam2 a. POLICY IV. Market size of pharmaceutical retail According to research on consumer spending on health products, the amount of spending is Feb 2, 2024 · According to the Vietnam Chamber of Commerce and Industry , in the past few years, Vietnam’s pharmaceutical market has been more active when foreign capital flows bloomed after a period of quietly flowing into the industry since the 2010s. 2 Industry value chain 24 2 Vietnam's Pharmaceutical Market is valued at around USD xx billion in 2022 and is projected to reach USD xx billion by 2030, exhibiting a CAGR of xx% during the forecast period. 7% year- on -year, and is forecasted to have double-digit growt h over the next five years. May 20, 2023 · The pharmaceutical industry plays a pivotal role in the economic development of countries worldwide. 9bn, undergoing a compound annual growth rate (CAGR) of 3. 4% of total antibacterial (58,142,107 DDDs) in all sites, corresponding to 48. 1. Formation process 2. Jul 5, 2024 · To download this statistic in PDF format you need a Statista Account. Traphaco Joint Stock Company, Imexpharm Corporation, Binh Dinh Pharmaceutical and Medical Equipment JSC, which all recorded thousands of billion dong in revenue Despite the impact of the Covid-19 epidemic on the economy, the pharmaceutical industry seems to to benefit a lot from the pandemic due to the increasing need for immune-boosting drugs, vitamins, pain relievers - fever reducers, cough medicines, eye drops - nose drops. 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 Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). 7% of Vietnam’s total pharmaceutical import turnover. The value of Vietnam’s pharmaceutical market is expected to grow steadily due to the country's nam’s pharmaceutical industry development strategy and clear ways for the pharmaceutical industry to be competitive in the global market and provide an adequate supply of domestic demand. 4 billion in 2018 to an estimated USD6. Although there are no collected data on drug counterfeiting, counterfeit medications have been found in the Thai market from time to time. Prepared in association with Tilleke & Gibbins, a full-service regional law firm According to multiple reports, Vietnam is a fast growing market for pharmaceutical products that is very attractive to foreign firms at present and in the near future [2,17,18]. While cost-containment policies will help manage government spending - which could limit opportunities for innovative multinational drugmakers - these drugmakers will benefit from 6 days ago · Healthcare market facts: Vietnam has more than 91 Mio. For me it's the translation of two things. DHG Pharmaceutical is a leading domestic pharmaceutical company, producing a wide range of medications and contributing significantly to healthcare accessibility in Vietnam. 7 trillion Vietnamese dongs 2 — THE PHARMA LEGAL HANDBOOK VIETNAM The Pharma Legal Handbook answers essential questions about this environment for pharmaceuticals in Vietnam. Vietnam Pharmaceutical market is estimated at 7. 1%. It is a must have for any company operating in the country or looking to enter the market. 3%. 96% through 2029. 1: GDP growth by sector Q1/2020 at current prices Table 2. ­Naturally, Vietnam has ­become an In 2019, Thailand's pharmaceutical market was valued at USD5. Coupled with plans to expand local pharmaceutical production, both pharmaceutical and healthcare spending will continue to increase. PHARMACEUTICAL INDUSTRY PROSPECTS 1. The total pharmaceutical market value in Vietnam reached 2,7 billion USD in 2015, increased to 5,1 billion USD in 2018, 2020 billion USD in 6,1 and is estimated to reach nearly 2023 billion USD by 7. Fdi. 2% during the forecast period. 6% from India and 20. In fact, it is also one of the top import-export industries in 2022. Research methods are evolving and we have many promising prospects on the horizon, with ground-breaking cell and gene therapies being increasingly available*. Although still expanding (about 1. 047) and meropenem (P = −0. 9 billion by 2026 with a CAGR of 7. Aug 16, 2022 · The EU continues to be Vietnam’s main pharmaceutical supply market with a turnover accounting for 51. A quantitative study of medicine prices, and a qualitative study on how and why high, unaffordable prices occurred, were conducted. The rapid expansion of the middle-income urban class and the ageing people ratio have dramatically pushed up the Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). PHARMA INDUSTRY IN VIETNAM The pharmaceutical market in Vietnam stood at approximately USD 555 million in 2002 with a growth rate of over 15 percent over the previous year. These trends are driving up the demand for long-term care. 6 billion in 2018 at a Compound Annual Growth Rate (CAGR) of 10. Jun 27, 2022 · Impact of COVID-19 on Vietnam Pharmaceuticals Market. 35% (2025-2029) resulting in a market volume of US$1,192. Large Market Size ; Vietnam boasts a substantial market size, owing to its population exceeding 98 million, with an average life expectancy of ~76 years. The rapid expansion of … 2. 4: Growth Drivers in Vietnam Pharmaceuticals Market 4. DHG PHARMACEUTICAL JSC Environmental Research and Public Health Pharmaceutical Industry in Vietnam: Sluggish Sector in a Growing Market . World market 16 4. Large enterprises join the retail chain III. 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. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing explores how pharmaceutical companies operating in Asia can best navigate opportunities for continued expansion. Aug 11, 2015 · Lawyer in Vietnam Oliver Massmann Pharmaceutical Market Vietnam’s healthcare system is currently in general on the move due to the economic growth and the rapid development. Vietnam’s pharmaceutical market was valued at around US$10 billion in 2020, compared to US$5 billion in 2015. Jul 8, 2024 · PDF + XLS + PNG + PPT + Source. 2. gov. In its World Trade Organization commitments, Vietnam did not commit to opening up the distribution market of pharmaceutical products to foreign companies. 0 5. 2 billion in 2017 [ 25 ]. 1 Billion USD in Over the last 10 year, Vietnam has maintained its position as one of the fastest-growing pharma-ceutical markets in the world, creating beneficial opportunities for numerous foreign investors. 4bn. e. (2008). According to Fitch Solutions (2021), Vietnam and India will have multiple chances to cooperate in pharmaceuticals. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing Figure 2. 80% (2025-2029) resulting in a market volume of US$6. Aug 29, 2017 · This paper aims to explore the development of the pharmaceutical industry during the years 1990–2015 and to identify a series of weaknesses in the government promotion of the industry. COUNTRY LANDSCAPE. The prospects of Vietnam’s pharmaceutical industry are bright, if the country makes the right steps now. 5: Restraints in Vietnam Pharmaceuticals Market 4. THE Pharmaceutical production Figure 9: Basic pharmaceutical production process Figure 10: Source of pharmaceutical raw materials period 2012 - 2016 Figure 11: Cost structure Pharmaceutical distribution Figure 12: Pharmaceutical price structure Pharmaceutical consumption Figure 13: Drug consumption by regions Figure 14: Drug consumption by diseases Aug 29, 2017 · Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). In the group of Pharmerging Markets, divided into 3 subgroups, Vietnam is ranked in the third group of 12 countries. This reflects the growing demand for pharmaceuticals with the industry now employing nearly 44,000 people. Papers prepared for Pharmaceutical sector conference 2008. Vietnam Pharmaceutical Market Segmentation. Prescription Drug Market Forecast 2017-2031 f = Fitch Solutions forecast. 6 IMPORTANCE OF PHARMACEUTICAL R&D In 2019 the pharmaceutical industry invested more than € 37,700 million in R&D in Europe. The literature was reviewed, followed by an analysis of Vietnam's pharmaceutical market and legislation. cn. Jan 24, 2022 · Emerging Market for Pharma Industry in Vietnam As China and India begin to recover from their peak episode of the COVID-19 pandemic, Vietnam's pharmaceutical industry expects to recover in 2022, relying on the domestic firms' ability to carry out the government's virus containment measures. 6. With a growth rate of 14%, Vietnam is only behind Argentina and 2 Healthcare Market Access: Vietnam © phamax AG, 2015 - All Rights Reserved . 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing Vietnam’s government and healthcare industry have achieved global recognition for their successful responseto COVID-19. 5 Business Cycle and Genesis of Vietnam Pharmaceutical Market 4. Nov 8, 2024 · Vietnam Pharmacy Retail Market, By Market Structure, By Product Type, By Therapeutic Area, By Drug Type, By Pharmacy Location, By Region, Competition, Forecast & Opportunities, 2019-2029F - Vietnam Pharmacy Retail Market was valued at USD 9. It notes that Asia's pharmaceutical sector has been rapidly expanding in line with strong economic growth. 3 billion 2015 Market value VIETNAM PHARMACEUTICAL INDUSTRY I. Statistics of cumulativ e FDI by Form as of 2005 and 2002. It aims This paper by adopting the Software on Market Analysis and Restrictions on Trade assessed the ex-ante impact of tariff elimination under the European—Vietnam free trade agreement (EVFTA) on Sep 1, 2009 · PDF | Objective: To assess the price, availability and affordability of a sample of medicines in Vietnam. 3. × Download Free PDF. With the view of ensuring proactive and timely supply of quality, safe, effective drugs at reasonable costs for the needs of disease prevention, treatment, overcoming the consequences of natural disasters, catastrophes, and incidents. In that year, the total value of the pharmaceutical market in the country reached 187. 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. Approximately 30% (30 million) of the population has the financial means to access expensive Western medicine. 3 to USD 6. IQVIA Quarterly Pharmaceutical Market Outlook - August 2023 Note: Adult vaccinations include Influenza, Td/TdaP, Hepatitis B, Herpes zoster, Pneumococcal vaccines; Source: 1IQVIA Institute Report 2023 Abbreviation: Td- diphtheria and tetanus; TdaP- diphtheria, tetanus and pertussis; VPD- Vaccine-preventable diseases 119 128 152 171 203 217 232 After Vietnam - EU Free Trade Agreement comes into effect, M&A transactions in Vietnam's pharmaceutical industry are expected to increase significantly in both value and quantity. 5%, reaching a value of USD6. Sign, fax and printable from PC, iPad, tablet or mobile with pdfFiller Instantly. 14 Counterfeiting of medicines is also a growing problem in Thailand. 2. 7 3. Download PDF FAQs and more info on the methodology Jun 21, 2024 · Vietnam Pharmaceuticals Market By Drug Type, By Product Type, By Application, By Distribution Channel, By Region, Competition, Forecast and Opportunities, 2019-2029F - Vietnam Pharmaceuticals Market was valued at USD 7. Vietnam Market 22 4. 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. At the same time, the Vietnamese pharmaceutical market has expanded rapidly, raising from USD5. By Value 6. Key initiatives include ensuring 100 per cent digitisation of information and data pertaining to drugs licensed for circulation that remain valid in Việt Nam. Top 10 largest pharmaceutical companies in Vietnam . Our investigation offers valuable insights through meticulous scrutiny and appraisal, ensuring a Asia Partnership Conference of Pharmaceutical Associations (APAC) Pharmaceutical Market & Regulatory Environment in Asia （PMRE） ver. Prepared in association with Tilleke & Gibbins, a full-service regional law firm Dec 1, 2014 · Pharmaceutical industry development, supply demand balancing solutions to stabilize the Vietnam pharmaceutical market. R&D expenditure in the pharmaceutical industry in Spain 2008-2022; General Statistics Office of Vietnam, Industrial production index of pharmaceuticals In this report, we review the prospects and competitive landscape of Vietnam’s pharma industry, including the retail distribution space (i. The pharmaceutical industry is considered a key sector requiring focused resources and growth motivation from each enterprise. Outlook for this year 3. inhabitants; According to experts the OTC & Pharma Market in Vietnam will increase in value to US$3. 20 billion by 2029 with a CAGR of 6. 2023 This document discusses trends in the pharmaceutical industry in Asia and Vietnam. 7%/29. 4. (1995). Vietnam is among 17 countries with the most rapidly growing pharmaceutical industry in the world, according to IQVIA Institute. 2017; 65% of OTC & Pharma products are currently imported. 3: Vietnam Pharmaceuticals Market Size by Revenues, 2012-2017 4. With that basis, this study focuses on solving two key questions: Market Overview: Vietnam pharmaceuticals market size is projected to exhibit a growth rate (CAGR) of 7. This includes a detailed market research of 3161 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis Mar 21, 2022 · The majority of domestic suppliers lack sufficient resources to fully exploit the market. 2％ from the previous year. 73% during 2024-2032. Therefore, Vietnam's pharmaceutical retail market is a delicious bait that drugstore chains strive to compete for market share. For information on pharmaceutical patents, trade marks, competition law, patent licensing, generic entry, abuse of dominance and parallel imports, visit Pharmaceutical IP and Competition Law in Vietnam: overview . 9 b illion USD in 2018, up 1 1. 9bn. 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. 06% (2025-2029) resulting in a market volume of US$2,957. page 1 Vietnam’s pharmaceutical market. Industry overview. Where is Vietnam in this quantum leap? An ageing population, an emerging middle and affluent class, and an increasing burden of chronic diseases reflect demographic shifts and societal changes in Vietnam relevant to the healthcare sector. According to Vietnam Credit's Overview of Vietnam's Pharmaceutical Industry, ETC channels constitute 70% of the medicine market, with OTC channels making up the remaining 30%. In the case of Vietnam, the pharmaceutical sector has shown significant growth and potential Oct 1, 2021 · Objectives: The pharmaceutical supply chain is an important component of the health system in drug supply. represent 80% of the pharmaceutical market, whereas in Indonesia they account for just 15%. 1 7. 1% from 2 — THE PHARMA LEGAL HANDBOOK VIETNAM The Pharma Legal Handbook answers essential questions about this environment for pharmaceuticals in Vietnam. Marketing approval procedures: Any drug moving in the market should be registered. Among the pharmaceutical import markets of Vietnam, the European Union (EU) has traditionally been the largest one. Nov 28, 2023 · The involvement of foreign drugmakers in Vietnam's pharmaceutical industry and the growth of prescription medicines, which we forecast to outpace sales of OTC medicines, add to the positive outlook. 1 History of Vietnam Pharmaceutical Industry 23 Appendix 74 3. 4% over the same period in 2021 and accounting for 12. 1 Production - Consumption 17 4. Strong double digit +18% growth in value 2016 vs. Pharmaceutical care is a critical factor in the final step of drug supply, from community pharmaceuticals. What are the main legislation and regulatory authorities for pharmaceuticals in your jurisdiction? Legislation Vietnam’s pharmaceutical market suffers from the proliferation of counterfeit drugs and a lack of certified pharmacies and pharmacists. A decade of strong US market dominance led to a significant shift A revised version of this report is published as one chapter titled "The Pharmaceutical Sector in Vietnam" in the book “Competition Policies and Consumer Welfare: Corporate Strategies and Consumer Prices in Developing Countries”, edited by. Source: Vietnam’s Pharmaceutical Industry report 2020 - VietnamCredit The OTC Pharmaceuticals market in Vietnam is projected to grow by 6. The innovative pharmaceutical industry is driven by, and drives, medical progress. I think starting from next year, Vietnam's pharmaceutical market will outpace Thailand, reaching around $8 billion. Compared to neighboring economies, the low average of pharmaceutical spending per capita is suggesting more room for future growth. This detailed examination provides an in-depth assessment of market performance and dynamics, supported by thorough review and study. 2 billion Retail Pharmacy market Nov 9, 2023 · Vietnam’s National Strategy for Development of Vietnam’s Pharmaceutical Industry to 2030 lays out several broad, core objectives for the industry. 1% on average during 2000-2015), the Vietnamese population is considered to be entering the ageing Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). The market value is projected to reach 16. 00m in 2029. 8116, r = 0. 1% on average during 2000–2015), the Vietnamese Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). 26bn in 2029. Vietnam is also dependent on imported pharmaceutical materials and ingredients, increasingly looking to India for this supply. 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 Oct 11, 2023 · A critical aspect of the strategy involves the digital transformation of the pharmaceutical industry. S. Jan 1, 2021 · Request PDF | Supply chain risk, integration, risk resilience and firm performance in global supply chain: Evidence from Vietnam pharmaceutical industry | The goal of the article is to examine the Oct 20, 2020 · The pharmaceutical market in Vietnam is import-reliant and was estimated to reach US $5. In this thesis, a mixed-method approach was adopted in the analysis of medicine prices and polices. Market Share & Forecast 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 Briefing looks at opportunities as well as challenges for foreign investors when investing in the country’s pharmaceutical industry. The market size is far below China's 122. 60 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7. 70% to reach USD 259. Image: Model 3 main stages in the pharmaceutical industry. 8 billion in 2018 and to an estimated US$10. Digital healthcare CHAPTER 21 PHARMACEUTICALS OVERVIEW Pharma Group represents the voice of the innovative pharmaceutical industry in Vietnam, with 22 member companies who all share the same mission: to ensure patients in Vietnam have fast and sustainable access to safe, high-quality, and innovative medicines. However, the domestic The upturn momentum of the pharmaceutical industry was insisted in 3Q22 with 12. 17 www. AVHC applauds their effortsin prioritizingand protectingthe healthof those who live inVietnam. According to statistics of the Vietnam Drug Administration, the pharmaceutical industry will continue to grow by double digits in the next 5 years and its scale is expected to reach $16. qvfq ahpzz fxaojszp uiii zken qmhvy zrhcn ioms ptn grzwiqo