Vietnam Pharmacy Retail Market, By Market Structure (Organized v/s Unorganized), By Product Type (Prescribed Drugs, Over-the-Counter Products, Non-Pharmaceutical Products, Medical Equipment), By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief

Vietnam Pharmacy Retail Market, By Market Structure (Organized v/s Unorganized), By Product Type (Prescribed Drugs, Over-the-Counter Products, Non-Pharmaceutical Products, Medical Equipment), By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Others), By Drug Type (Generic v/s Patented), By Pharmacy Location (Street/Mall Based v/s Hospital Based), By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam pharmacy retail market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the shifting consumer preference towards online pharmaceutical shopping and rising incidences of lifestyle diseases such as diabetes, hypertension, obesity, etc. Besides, increasing consumption of junk food items, less physical activities, smoking and drinking habits, etc., is leading to greater demand for drugs and medicines, aiding the growth of the Vietnam pharmacy retail market. The rapidly increasing geriatric population and growth in the number of middle-class households, and the country's growing economy are contributing to the growth of the Vietnam pharmacy retail market. The emergence and ease of availability of traditional healthcare products and rapidly evolving medical infrastructure in the country are expected to support the growth of the Vietnam pharmacy retail market. Many pharmacy chains have ventured into the hybrid pharmacy model, launching their online websites and mobile apps to enable customers to purchase products anytime and anywhere, which is anticipated to boost the growth of the Vietnam pharmacy retail market. Increased initiatives from the government to aid new ventures and rising sales of pharmaceutical products like over-the-counter drugs, prescription drugs, portable medical equipment, and some related FMCG products are driving the growth of the Vietnam pharmacy retail market.

The Vietnam pharmacy retail market is segmented on the basis of market structure, product type, therapeutic area, drug type, pharmacy location, competitive landscape, and regional distribution. Based on market structure, the market is divided between organized and unorganized market structures. The organized market structure is expected to hold the largest share in the Vietnam pharmacy retail market during the forecast period on account of the increased interest of major corporations and individual entrepreneurs in this segment and the shift in consumer preferences to turn to modern pharmacy retail outlets for purchasing regular prescription drugs and other wellness products.

Long Chau & Phano Pharmacy, Pharmacity, Medicare, Phano Pharmacy, Mobile World Group (An Khang Pharmacy), My Chau Pharmacy, ECO Pharmaceuticals, VinFa (Vingroup), Ku. Dos Pharmaceutical Joint Stock Company, SK Pharmacy Group, etc., are the leading players in the Vietnam pharmacy retail market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F–2027F

Objective of the Study:

• To analyze the historical growth in the market size of Vietnam pharmacy retail market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam pharmacy retail market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Vietnam pharmacy retails market based on market structure, product type, therapeutic area, drug type, pharmacy location, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Vietnam pharmacy retail market.
• To identify drivers and challenges for Vietnam pharmacy retail market.
• To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in Vietnam pharmacy retail market.
• To identify and analyze the profile of leading players operating in Vietnam pharmacy retail market.
• To identify key sustainable strategies adopted by market players in Vietnam pharmacy retail market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of pharmacy retails, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the comapnies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the comapnies and presence of all major players across the country.

TechSci Research calculated the market size of Vietnam pharmacy retail market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Pharmacy retails, end users, and other stakeholders
• Organizations, forums, and alliances related to pharmacy retails
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as pharmacy retails, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam pharmacy retail market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Pharmacy Retail Market, By Market Structure:
• Organized
• Unorganized
• Vietnam Pharmacy Retail Market, By Product Type:
• Prescribed Drugs
• Over-the-Counter Products
• Non-Pharmaceutical Products
• Medical Equipment
• Vietnam Pharmacy Retail Market, By Therapeutic Area:
• Cardiovascular
• Anti-Diabetic
• Pain Relief/Analgesics
• Vitamins/Minerals/Nutrients
• Anti-Infective
• Others
• Vietnam Pharmacy Retail Market, By Drug Type:
• Generic
• Patented
• Vietnam Pharmacy Retail Market, By Pharmacy Location:
• Street/Mall Based
• Hospital Based
• Vietnam Pharmacy Retail Market, By Region:
• Northern
• Central
• Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam pharmacy retail market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights