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.

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 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 developments.

Years considered for this report:

Historical Years: 2016 – 2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022 – 2026

Objective of the Study:

  • To analyze the historical growth of the market size of Vietnam e-pharmacy market from 2016 to 2019.
  • To 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.
  • To identify drivers and challenges for Vietnam e-pharmacy market.
  • To 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.

Key Target Audience:

  • 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.

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:

o   Prescription Medicines

o   Over-The-Counter Medicines

  • Vietnam E-Pharmacy Market, By Therapy Area:
    • Vitamins
    • Cold & Flu
    • Dermatology
    • Weight Loss
    • Others
  • Vietnam E-Pharmacy Market, By Operating Platform:
    • Apps
    • Websites
  • Vietnam E-Pharmacy Market, By Region:
    • Northern
    • Central
    • Southern

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).
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]

1.    Product Overview

2.    Research Methodology

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

4.    Executive Summary

5.    Voice of Customer

6.    Vietnam E Pharmacy Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

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

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

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

6.2.4.     By Region

6.2.5.     By Company (2020)

6.3.  Product Market Map

7.    Vietnam Apps Based E Pharmacy Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By Therapy Area

8.    Vietnam Websites Based E Pharmacy Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By Therapy Area

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

13.2.3.  Long Chau & Phano Pharmacy

13.2.4.  Jio Health

13.2.5.  Med247

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

13.2.7.  Pharmacity

14.  Strategic Recommendations

15.  About us & Disclaimer