Vietnam E-Pharmacy Market to Grow Due to Technological Advancement until 2026
E-commerce popularity is driving the
growth of Vietnam E-Pharmacy Market, in the forecast period, 2022-2026.
According to TechSci report on, “Vietnam E-Pharmacy Market By Product Type
(Prescription Medicines v/s Over-The-Counter Medicines), By Therapy Area
(Vitamins, Cold & Flu, Dermatology, Weight Loss, Others), By Operating
Platform (Apps v/s Websites), By Region, Competition Forecast &
Opportunities, 2026”, Vietnam e-pharmacy market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Vietnam e-pharmacy market owes its growth to the factors like extensive
research and technological advancements in the e-pharmacy services. Increasing
product innovations and technological advancements in the healthcare industry and
their availability on the online platforms for the consumer purchases is
further driving the growth of the Vietnam e-pharmacy market in the upcoming
five years. Moreover, the availability of the solutions, services and products to
fulfill the consumer demands and increasing prevalence of chronic diseases is
further supporting the growth of the Vietnam e-pharmacy market in the next five
years. Also, surging demand for the improved patient care and patient
management is substantiating the growth of the Vietnam e-pharmacy market in the
future five years. Additionally, growing telemedicine network in the country is
also actively influencing the consumer’s preference toward e-pharmacy thus
aiding the growth of the Vietnam e-pharmacy market in the forecast years.
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The
Vietnam e-pharmacy market is segmented by product type, therapy area, operating
platform, competitional landscape, and regional distribution. Based on therapy
area, the market is also segmented into vitamins, cold & flu, dermatology,
weight loss, and others. Cold & flu drugs are anticipated to hold the
largest revenue shares of the market and assert the dominance over the market
segment in the upcoming five years on the account of increased pulmonary
diseases and increased breathing problems. Moreover, recent pandemic situation
aided the growth of thew market segment as well as the growth of the Vietnam
e-pharmacy market in the next five years. Also, vitamins are anticipated to
register significant growth in the upcoming five years on the account of rising
concerns among the consumers regarding health. Vitamins are often administered
as supplements and thus supporting the growth of the sub-segment as well as the
growth of the Vietnam e-pharmacy market in the future five years.
Medcare
Services and Investment co., TNHH Buymed, Long Chau & Phano Pharmacy, Jio
Health, Med247, Vietskin (Gia Han Medical Services Joint Stock Company),
Pharmacity, among others are
some of the market share-holders that drive the future growth of the Vietnam e-pharmacy
market. These market players hold larger shares of the market than the new
market players. With the evolving technology, it is appropriate to say that the
effective research and development of the technologically advanced instruments
and methods to satisfy consumer demands would support the market growth and
benefit the market players as well as the consumers. New market players may
focus on the research and development to provide such products and services
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“Vietnam
healthcare industry is expanding and demand for advanced technology, innovative
idea, and product development is anticipated to support the growth of the
Vietnam e-pharmacy market in the future five years. Adoption of e-pharmacy has
improved accessibility toward drugs and other pharmaceutical products, the
factor is also anticipated to aid the future growth of Vietnam e-pharmacy
market in the next five years. New market players may focus on the research and
development of the better raw material for the e-pharmacy manufacturing.
Technological advancements are going to support their brand establishment and
expand the market in future five years. Initiatives by the government and
regulations & policies in support of e-pharmacy services is anticipated to
further drive the market growth in the upcoming five years. Existent market
player may focus on various pricing of the products and added schemes during
purchases such that it influences purchase pattern of the consumers,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Vietnam
E-Pharmacy Market By Product Type (Prescription Medicines v/s Over-The-Counter
Medicines), By Therapy Area (Vitamins, Cold & Flu, Dermatology, Weight
Loss, Others), By Operating Platform (Apps v/s Websites), By Region,
Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Vietnam e-pharmacy
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Vietnam e-pharmacy market.
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