Vietnam Healthcare (Pharma and Medical Devices) Market Analysis, Regulatory, Reimbursement and Competitive Landscape
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Vietnam Healthcare Market Overview
The pharmaceutical market in Vietnam was valued at $2.7 billion in 2015. The market grew at a CAGR of more than 9% from 2015 to 2018. 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.
The medical devices market in Vietnam was valued at $1.1 billion in 2017 and is predicted to expand at a CAGR of over 9% during 2017-2022. Vietnam’s medical device industry is import-driven, as local production can only meet the demand for basic supplies such as hospital beds, scalpels, cabinets, scissors, and disposables.
The Vietnam healthcare market report is an essential source of information on the analysis of the healthcare, regulatory, and reimbursement landscape in Vietnam. It identifies the key trends in the country’s healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape, and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets.
Vietnam pharmaceuticals market overview
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Vietnamese medical devices market overview
For more insights on this report, download a free report sample
What are the market dynamics in the Vietnam pharmaceuticals market?
The pharmaceutical industry of Vietnam is highly import-driven, with its major partners being China and India. Vietnam consumes about 60,000 tons of pharmaceutical ingredients each year. According to mid-2018 statistics, the price of numerous pharmaceutical ingredients imported from China rose dramatically from 15% to 80%, causing the gross profits of many businesses to collapse.
What are the key market segments in the Vietname pharmaceuticals market?
The key market segments in the pharmaceuticals market in Vietname are generics, biologics, biosimilars, and over-the-counter (OTC).
Vietnam pharmaceuticals market, by segment
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Who are the key players in the Vietnam pharmaceuticals market?
The key players in the Vietnamese pharmaceuticals market are F. Hoffmann-La Roche Ltd. (Roche), Novartis, GlaxoSmithKline (GSK), Pfizer, and Sanofi.
Vietnamese pharmaceuticals market, by key players
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What are the market dynamics in the Vietnam medical devices market?
The medical device industry in Vietnam has emerged as one of the most promising industries for international investment, as demand for medical equipment continues to rise. To support the business, the local government has provided tax concessions such as corporate income tax incentives, import duty reductions, quota exemptions, and land leasing fee exemptions or reductions.
Who are the key players in the Vietnam medical devices market?
The key players in the Vietnamese medical devices market are GE Healthcare, Stryker Corp (Stryker), B. Braun Melsungen AG (B. Braun), Terumo, and Getinge AB (Getinge).
Vietnam medical devices market, by players
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Market report scope (pharmaceuticals market)
Market size (2020) | $2.7 billion |
CAGR | >9% |
Review period | 2015-2018 |
Segmentation by type | Generics, Biologics, Biosimilars, and Over the Counter (OTC) |
Key players | F. Hoffmann-La Roche Ltd. (Roche), Novartis, GlaxoSmithKline (GSK), Pfizer, and Sanofi |
Market report scope (medical devices market)
Market size (2021) | $1.1 billion |
CAGR | >9% |
Review period | 2017-2022 |
Key players | GE Healthcare, Stryker Corp (Stryker), B. Braun Melsungen AG (B. Braun), Terumo, and Getinge AB (Getinge) |
Scope
The report provides information on the healthcare, regulatory, and reimbursement landscape in Vietnam, and includes:
- An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers
- Profiles and SWOT analyses of the major players in the pharmaceutical market: Roche, Novartis, GlaxoSmithKline (GSK), Pfizer, and Sanofi
- Profiles and SWOT analyses of the major players in the medical device market: GE Healthcare, Stryker, B. Braun, Terumo, and Getinge
- An insightful review of the COVID-19 epidemiology, COVID-19 impact and developments in the healthcare market, HealthTech landscape, reimbursement, and regulatory landscape, with analysis covering details of the country’s healthcare reimbursement process, regulatory agencies, and the approval processes for new drugs and medical devices
- Detailed analysis of the country’s healthcare policy highlights, demographics, healthcare infrastructure, and healthcare expenditure
- An overview of the opportunities for and challenges to growth in the Vietnamese healthcare market
Reasons to Buy
This report will enhance your decision-making capability by allowing you to:
- Develop business strategies by understanding the trends shaping and driving the Vietnamese healthcare market
- Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments, and companies likely to impact the Vietnamese healthcare market in the future
- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing competitors’ performance
- Organize sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment, and strategic partnership
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Frequently asked questions
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What was the Vietnam pharmaceuticals market size in 2015?
The pharmaceuticals market size in Vietnam was valued at $2.7 billion in 2015.
-
What was the Vietnam pharmaceuticals market growth rate?
The pharmaceuticals market in Vietnam grew at a CAGR of more than 9% during 2015-2018.
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What are the key segments in the Vietnam pharmaceuticals market?
The key segments in the Vietnamese pharmaceuticals market are generics, biologics, biosimilars, and over-the-counter (OTC).
-
Who are the major players in the Vietnam pharmaceuticals market?
The key players in the Vietnamese pharmaceuticals market are F. Hoffmann-La Roche Ltd. (Roche), Novartis, GlaxoSmithKline (GSK), Pfizer, and Sanofi.
-
What was the Vietnam medical devices market size in 2017?
The medical devices market size in Vietnam was valued at $1.1 billion in 2017.
-
What will be the Vietnam medical devices market growth rate?
The medical devices market in Vietnam will grow at a CAGR of over 9% during 2017-2022.
-
Who are the key players in the Vietnam medical devices market?
The key players in the Vietnamese medical devices market are GE Healthcare, Stryker Corp (Stryker), B. Braun Melsungen AG (B. Braun), Terumo, and Getinge AB (Getinge).
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