Vietnam e-pharmacy market is bound to
experience impressive growth with anticipated CAGR in the forecast period,
2022-2026, on the account of surging online services. Rising penetration of
internet and increased usage of smartphones is also driving the growth of the
Vietnam e-pharmacy market in the upcoming five years. In the recent years,
healthcare services are actively being digitized. Digitalization of sales
channel for the pharmaceutical products, healthcare services, and increasing
number of tech-savvy consumers who are inclined toward e-pharmacy is also
further supporting the growth of the Vietnam e-pharmacy market in the next five
years. Additionally, increasing adoption of digital technologies and e-commerce
in the healthcare sector is also substantiating the growth of the Vietnam
e-pharmacy market in the future five years. Rising geriatric population, and
their demand for the easier accessible sources of the pharmaceutical products
for them is further expected to show robust growth of the Vietnam e-pharmacy
market in the future five years. Recent pandemic situation due to widespread
COVID-19 virus the purchase behavior by the consumers have increased. To combat
the situation the country created more opportunities to make more resilient
health systems and contribute to healthcare industry and Vietnam e-pharmacy
market in the forecast years.
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 divided into prescription medicine, and over the
counter medicine. Over the counter medicine is anticipated to hold the largest
revenue shares of the market and assert its dominance over the market segment
on the account of surging demand of the over the counter drugs. Ordering over the counter drugs from online
sources and e-commerce websites is easier and thus is anticipated to drive the
growth of the Vietnam e-pharmacy market in the next five years. Moreover,
changing shopping habits of the consumers toward online shopping is expected to
support the growth of the Vietnam e-pharmacy market in the future five years.
Prescription medicine is also expected to register significant growth due to
surging demands for the branded medicine and their higher prices are expected
to aid the growth of the Vietnam e-pharmacy market in the forecast period.
A partial list of market player in the Vietnam
e-pharmacy market includes 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. 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
Years considered for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2026
Objective of the Study:
analyze the historical growth of the
market size of Vietnam e-pharmacy market from 2016 to 2019.
estimate and forecast the market size of Vietnam e-pharmacy market from
2020 to 2026 and growth rate until 2026.
- To classify and
forecast Vietnam e-pharmacy market based on product type, therapy area,
operating platform, competitional landscape, and regional distribution.
- To identify dominant region or segment in the Vietnam e-pharmacy market.
identify drivers and challenges for Vietnam e-pharmacy market.
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Vietnam e-pharmacy market.
- To identify and analyze the profile
of leading players operating in Vietnam e-pharmacy market.
- To identify key sustainable strategies adopted by market players in
Vietnam e-pharmacy market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, 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 manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam e-pharmacy 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 product types and applications 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.
- E-pharmacy manufacturers, end users, and other stakeholders
- Distributors and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to e-pharmacy
- 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 manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
In this report, Vietnam e-pharmacy market has been segmented into
following categories, in addition to the industry trends which have also been
- Vietnam E-Pharmacy Market, By Product
o Prescription Medicines
o Over-The-Counter Medicines
- Vietnam E-Pharmacy Market, By Therapy
- Cold & Flu
- Weight Loss
- Vietnam E-Pharmacy Market, By Operating
- Vietnam E-Pharmacy Market, By
analysis of the major companies present in Vietnam e-pharmacy market.
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:
Vietnam E-Pharmacy Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]
- Detailed analysis and profiling of
additional market players (up to five).