Vietnam E Pharmacy Market By Product Type (Prescription Medicines v/s Over-The-Counter Medicines), By Therapy Area (Vitamins, Dermatology, Cold & Flu, Weight Loss, Others), By Operating Platform (Websites v/s Apps), By Region, Competition Forecast & Opportunities, 2027

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Summary

Report Description

Vietnam E-Pharmacy market is bound to experience impressive growth with anticipated CAGR of 22.85% in the forecast period, 2023-2027, on the account of increasing digitalization and changing consumer preferences Rapidly increasing e-commerce adoption are driving the growth of the Vietnam E-Pharmacy market in the next five years.

Increasing Internet Penetration

Vietnam’s internet economy is currently the second fastest growing in Asia, with approximately 68.72 million internet users and 70.3% internet penetration rate in the region as of January 2021.The country has a growing digital ecosystem that attracts foreign investment in the Vietnam’s digital world. Growing number of internet users enables the people to have access to multiple applications and websites. E-pharmacies have shown the positive results when the end users are equipped with smartphones and internet facilities. People are getting acquainted about benefits of e-commerce. Rising number of internet users in the country is driving the growth of e-pharmacies in the region.

Rapidly Increasing E-Commerce Adoption

According to the Vietnam E-Commerce Association, the e-commerce market had the value of USD5 billion in 2019 and grew at an annual average rate of 30% from 2015-2019. The major factors responsible for increasing e-commerce adoption comprise of growing middle-income, tech-savvy, rising number of online buyers and changing patterns in consumer behavior. E- Pharmacy has a substantial share in e-commerce industry and will grow in the forecast period at a CAGR of 22.85% IN Vietnam. People tend to shift from unorganized to organized sectors of the industry. Retail pharmacies are also shifting their business model in such a way that they can sell online as well as through retail pharmacies.

Impact of Covid-19

With the globe mourning over the death threat of the coronavirus pandemic for more than a year, online pharmacies have been categorically lending crucial services, and have emerged as one of the major beneficiaries in Vietnam’s lockdown period. Because of the lockdown and travel limitations, as well as the fear of spreading the infection, people are increasingly turning to online pharmacies to obtain medications. The Covid-19 has a positive impact in the growth of online pharmacies in Vietnam as well as across the world. Changing end users’ behavior and the fear of getting infected fuels the market growth at a fast rate.


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Market Segmentation

The Vietnam E Pharmacy market is segmented by product type, therapy area, operating platform, competitional landscape, and regional distribution. Based on product type, the market is further differentiated into prescription medicine and Over-the-Counter drugs. Based on therapy area, the market segment is bifurcated into Vitamins, dermatology, cold & flu, weight loss and others. Market segments on the basis of operating platform, is further fragmented into websites and applications. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Southern region, Central region, Northern region.

Company Profile

Medcare Services and Investment Co., TNHH Buymed Co., Ltd., FPT Long Chau Pharma Joint Stock Company, Phòng khám Đa khoa Cao Cấp Jio Health (Jio Health), Med247, Vietskin (Gia Han Medical Services Joint Stock Company), Nhà thuốc Pharmacity, Medigo Vietnam, mClinica Vietnam, VinFa Joint Stock Company, among others is a partial list of major market players of the companies responsible for the growth of Vietnam E Pharmacy market.

Attribute

Details

Market size value in 2021

USD72.06 Million

Revenue Forecast in 2027

USD242.1 Million

Growth Rate

22.85%

Base Year

2022

Historical Years

2017 – 2021

Estimated Year

2023

Forecast Period

2024 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product Type

·         Therapy Area

·         Operating platform

Regional Scope

Northern region, Central region, Southern region

Key Companies Profiled

Medcare Services and Investment Co., TNHH Buymed Co., Ltd., FPT Long Chau Pharma Joint Stock Company, Phòng khám Đa khoa Cao Cấp Jio Health (Jio Health), Med247, Vietskin (Gia Han Medical Services Joint Stock Company), Nhà thuốc Pharmacity, Medigo Vietnam, mClinica Vietnam, VinFa Joint Stock Company

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

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

  • Vietnam E Pharmacy market, By Product Type:
    • Prescription medicines
    • Over-The-Counter medicines
  • Vietnam E Pharmacy market, By Therapy Area:
    • Vitamins
    • Dermatology
    • Cold & Flu
    • Weight Loss
    • Others
  • Vietnam E Pharmacy market, By Operating platform:
    • Websites
    • Apps
  • Vietnam E Pharmacy market, By Region:

o   Southern Region

o   Central Region

o   Northern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam E Pharmacy 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).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam E Pharmacy market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Preference, By Product Type

5.3.  Preference, By Therapy Area

5.4.  Preference, By Operating Platform

6.    Vietnam E Pharmacy market Outlook, 2017-2027F

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Prescription medicine v/s Over-The-Counter medicine)

6.2.2.     By Therapy Area (Vitamins, Dermatology, Cold & Flu, Weight Loss, Others)

6.2.3.     By Operating Platforms (Websites v/s Apps)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map

7.    Vietnam Website based E Pharmacy market Outlook, 2017-2027F

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type (Prescription medicine v/s Over-The-Counter medicine)

7.2.2.     By Therapy Area (Vitamins, Dermatology, Cold & Flu, Weight Loss, Others)

8.    Vietnam Apps based E Pharmacy market Outlook, 2017-2027F

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type (Prescription medicine v/s Over-The-Counter medicine)

8.2.2.     By Therapy Area (Vitamins, Dermatology, Cold & Flu, Weight Loss, Others)

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Vietnam Economic Profile

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Medcare Services and Investment Co.

13.2.2.  TNHH Buymed Co., Ltd.

13.2.3.  FPT Long Chau Pharma Joint Stock Company

13.2.4.  Phòng khám Đa khoa Cao Cấp Jio Health (Jio Health)

13.2.5.  Med247

13.2.6.  Vietskin (Gia Han Medical Services Joint Stock Company)

13.2.7.  Nhà thuốc Pharmacity

13.2.8.  Medigo Vietnam

13.2.9.  mClinica Vietnam

13.2.10.                VinFa Joint Stock Company

14.   Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Vietnam E Pharmacy Market, By Value (USD Million),2017-2027F

Figure 2: Vietnam E Pharmacy Market, By Product Type, By Value, 2017-2027F

Figure 3: Vietnam E Pharmacy Market, By Therapy Area, By Value, 2017-2027F

Figure 4: Vietnam E Pharmacy Market, By Operating Platforms, By Value, 2017-2027F

Figure 5: Vietnam E Pharmacy Market, By Region, By Value, 2017-2027F

Figure 6: Vietnam E Pharmacy Market, By Company, By Value, 2017-2027F

Figure 7: Vietnam E Pharmacy Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 8: Vietnam E Pharmacy Market Map, By Therapy Area, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: Vietnam E Pharmacy Market Map, By Operating Platforms, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Vietnam E Pharmacy Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Vietnam Website based E Pharmacy Market, By Value (USD Million),2017-2027F

Figure 12: Vietnam Website based E Pharmacy Market, By Product Type, By Value, 2017-2027F

Figure 13: Vietnam Website based E Pharmacy Market, By Therapy Area, By Value, 2017-2027F

Figure 14: Vietnam App based E Pharmacy Market, By Value (USD Million),2017-2027F

Figure 15: Vietnam App based E Pharmacy Market, By Product Type, By Value, 2017-2027F

Figure 16: Vietnam App based E Pharmacy Market, By Therapy Area, By Value, 2017-2027F

Frequently asked questions

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Advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Rapid adoption of e-commerce platforms is anticipated to drive the growth of the Vietnam E Pharmacy market in the forecast period, 2023-2027F.

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Underdeveloped infrastructure especially in rural areas along with data privacy issues are the major challenges in Vietnam E Pharmacy Market.

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Jio Health, Med247, TNHH Buymed, Pharmacity, Long Chau & Phano Pharmacy, Vietskin (Gia Han Medical Services Joint Stock Company), Medcare Services and Investment co. and others.The market players are actively involved in advancing their technologies and increasing financial assistance for the same, thereby affirming futuristic growth in the five years of forecast.

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Parvati Sharma

Account Manager BD
Press Release

Vietnam E Pharmacy Market to Surpass USD242.1 Million by 2027

Mar, 2022

Rising adoption of e-commerce is driving the growth of the Vietnam E Pharmacy Market, in the forecast period, 2023-2027F.

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