The Vietnam Pharmacy Retail market stood at USD 7.45 billion in 2021 and is expected to register a CAGR of 6% during the forecast period. The major factors include increasing rate of aging in Vietnamese population, entrance of retail companies in pharmacy space, and growing demand of modern pharmacy retail chains. Additionally, growing prevalence of different diseases has increased the demand for medications, thereby increasing the demand for places from where these medications can be procured. This in turn is expected to support the growth of pharmacy retail market in Vietnam. Various initiatives and awareness have taken by Vietnam’s market players to raise awareness about diseases and treatments, as well as information about the availability of more advanced technologies and procedures at healthcare facilities.

Increasing rate of aging in Vietnamese population

The increase in number of pharmacies is due to rapid aging effect of Vietnamese population. According to the Ministry of Health, Vietnam has slowly experienced the initial stage of ageing process. The number of people above the age of 60 reached 10.2% in 2014 in comparison to 7.1% in 1989. According to the United Nations, by 2040, the number of people older than 65 is projected to almost triple in Vietnam. These are the factors bolster the growth of pharmacy retail market.

Entrance of retail companies in pharmacy space

The pharmacy retail chain market is gaining interest due to the participation of retail giants, high economic growth, rising per capita income, and higher urban population, etc. For instance, in 2017 FPT Retail acquired Long Chau pharmaceutical chain and the company started operating as FPT Long Chau Pharma Joint Stock Company with a lot of new stores in Vietnam. Similarly, the Gioi Di Dong also seized the benefit of their experience in retail chain operation and expanded their business into the pharmaceutical segment by acquiring the Phuc An Khang drugstore chain. This, in turn fueled the Vietnam Retail Pharmacy Market.

Growing demand of modern pharmacy retail chains

The growing demand for modern retail pharmacies is increasing due to their easy accessibility and feasible approach. According to the American Chamber of Commerce white book of healthcare committee 2020 in Vietnam, the pharmaceutical retail chain business has undergone remarkable development in terms of accessibility and quality improvement over the past decade. The market is shifting from the prototype/model of conventional independent pharmacies to modern pharmacy chains which benefit consumers, in terms of convenience, product and service diversity, and quality consistency drives the market growth


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Market Segmentation

The Vietnam Pharmacy Retail market can be segmented into market structure, product type, therapeutic area, drug type, pharmacy location, and region. By market structure, the market can be segmented into unorganized and organized. Based on product type, the market can be split into over-the-counter products, prescribed drugs, non-pharmaceutical products, and medical equipment. In terms of therapeutic area, the market can be divided into cardiovascular, pain relief/analgesics, vitamins/minerals/nutrients, anti-infective, anti-diabetic, and others (neurodegenerative diseases., etc). By drug type, the market can be fragmented into generic and patented. Based on pharmacy location, the market can be differentiated into street/mall based and hospital-based pharmacy.

Market Players

Pharmacity Pharmacy Joint Stock Company, FPT Long Chau Pharma Joint Stock Company, Eco Pharmaceutical Joint Stock Company, Me Di Ca Company Limited, An Khang Pharmacy, Phano Pharmacy Joint Stock Company, Ku.Dos Pharmaceutical Joint Stock Company, VinFa Joint Stock Company, Guardian Vietnam, Matsumoto Kiyoshi Vietnam Joint Stock Company etc., are some of the leading companies operating in the market.

Attribute

Details

Market size value in 2021

USD7.45 billion

Revenue Forecast in 2027

USD10.68 billion

Growth Rate

6.00%

Base Year

2021

Historic Data

2017 – 2021

Estimated Year

2022

Forecast Period

2022 – 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

·         Market Structure

·         Product Type

·         Therapeutic Area

·         Drug Type

·         Pharmacy Location

·         Region

Regional scope

 Southern, Northern and Central

Key companies profiled

Pharmacity Pharmacy Joint Stock Company, FPT Long Chau Pharma Joint Stock Company, Eco Pharmaceutical Joint Stock Company, Me Di Ca Company Limited, An Khang Pharmacy, Phano Pharmacy Joint Stock Company, KuDos Pharmaceutical Joint Stock Company, VinFa Joint Stock Company, Guardian Vietnam, Matsumoto Kiyoshi Vietnam 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/Word format on special request)


Report Scope:

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

·         Vietnam Pharmacy Retail Market, By Market Structure:

o    Unorganized

o    Organized

·         Vietnam Pharmacy Retail Market, By Product Type:

o    Over-the-Counter Products

o    Prescribed Drugs

o    Non-Pharmaceutical Products

o    Medical Equipment

·         Vietnam Pharmacy Retail Market, By Therapeutic Area:

o    Cardiovascular

o    Pain Relief/Analgesics

o    Vitamins/Minerals/Nutrients

o    Anti-Infective

o    Anti-Diabetic

o    Others

·         Vietnam Pharmacy Retail Market, By Drug Type:

o    Generic

o    Patented

·         Vietnam Pharmacy Retail Market, By Pharmacy Location:

    • Street/Mall Based

o     Hospital Based

·         Vietnam Pharmacy Retail, By Region:

o    Southern

o    Northern

o    Central

Competitive Landscape

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

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.  Product Overview

2.    Research Methodology

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

4.    Executive Summary

5.    Voice of Customers

                  5.1. Brand Awareness

                   5.2. Preferred Pharmacy Location

                   5.3. Most Purchased Product Types in Retail Pharmacy Outlets

6.    Vietnam Pharmacy Retail Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Market Structure (Unorganized v/s Organized)

6.2.2.     By Product Type (Over-the-Counter Products, Prescribed Drugs, Non-Pharmaceutical Products, Medical Equipment)

6.2.3.     By Therapeutic Area (Cardiovascular, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, Anti-Diabetic, Others)

6.2.4.     By Drug Type (Generic v/s Patented)

6.2.5.     By Pharmacy Location (Street/Mall Based v/s Hospital Based)

6.2.6.     By Region

6.2.7.     By Company (2021)

6.3.  Product Market Map (By Market Structure, By Product Type, By Therapeutic Area, by Drug Type, By Pharmacy Location, By Region)

7.    Vietnam Street/Mall Based Pharmacy Retail Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Market Structure

7.2.2.     By Product Type

7.2.3.     By Therapeutic Area

7.2.4.     By Drug Type

8. Vietnam Hospital Based Pharmacy Retail Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Market Structure

8.2.2.     By Product Type

8.2.3.     By Therapeutic Area

8.2.4.     By Drug Type

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11. Porter’s Five Forces Analysis

11.  Policy & Regulatory Landscape

13.  Vietnam Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  Pharmacity Pharmacy Joint Stock Company

14.2.2.  FPT Long Chau Pharma Joint Stock Company

14.2.3.  Eco Pharmaceutical Joint Stock Company

14.2.4.  Me Di Ca Company Limited

14.2.5.  An Khang Pharmacy.

14.2.6.  Phano Pharmacy Joint Stock Company

14.2.7.  VinFa Joint Stock Company

14.2.8   KuDos Pharmaceutical Joint Stock Company.

14.2.9.  Guardian Vietnam

14.2.10. Matsumoto Kiyoshi Vietnam Joint Stock Company

15. Strategic Recommendations

16. About us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

Figure 1: Vietnam Pharmacy Retail Market Size, By Value (USD Billion), 2017-2027F

Figure 2: Vietnam Pharmacy Retail Market Share, By Market Structure, By Value, 2017-2027F

Figure 3: Vietnam Pharmacy Retail Market Share, By Product Type, By Value, 2017-2027F

Figure 4: Vietnam Pharmacy Retail Market Share, By Therapeutic Area, By Value, 2017-2027F

Figure 5: Vietnam Pharmacy Retail Market Share, By Drug Type, By Value, 2017-2027F

Figure 6: Vietnam Pharmacy Retail Market Share, By Pharmacy Location, By Value, 2017-2027F

Figure 7: Vietnam Pharmacy Retail Market Share, By Region, By Value, 2017-2027F

Figure 8: Vietnam Pharmacy Retail Market Share, By Company, By Value, 2021

Figure 9: Vietnam Pharmacy Retail Market Map, By Market Structure, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 10: Vietnam Pharmacy Retail Market Map, By Product Type, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 11: Vietnam Pharmacy Retail Market Map, By Therapeutic Area, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 12: Vietnam Pharmacy Retail Market Map, By Drug Type, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 13: Vietnam Pharmacy Retail Market Map, By Pharmacy Location, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 14: Vietnam Pharmacy Retail Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 15: Vietnam Street/Mall Based Pharmacy Retail Market Size, By Value (USD Billion), 2017-2027F

Figure 16: Vietnam Street/Mall Based Pharmacy Retail Market Share, By Market Structure, By Value, 2017-2027F

Figure 17: Vietnam Street/Mall Based Pharmacy Retail Market Share, By Product Type, By Value, 2017-2027F

Figure 18: Vietnam Street/Mall Based Pharmacy Retail Market Share, By Therapeutic Area, By Value, 2017-2027F

Figure 19: Vietnam Street/Mall Based Pharmacy Retail Market Share, By Drug Type, By Value, 2017-2027F

Figure 20: Vietnam Hospital Based Pharmacy Retail Market Size, By Value (USD Billion), 2017-2027F

Figure 21: Vietnam Hospital Based Pharmacy Retail Market Share, By Market Structure, By Value, 2017-2027F

Figure 22: Vietnam Hospital Based Pharmacy Retail Market Share, By Product Type, By Value, 2017-2027F

Figure 23: Vietnam Hospital Based Pharmacy Retail Market Share, By Therapeutic Area, By Value, 2017-2027F

Figure 24: Vietnam Hospital Based Pharmacy Retail Market Share, By Drug Type, By Value, 2017-2027F

Figure 25: Main Causes of Deaths Based on the Number of Deaths in Thousands in Vietnam, in 2017

Figure 26: Total Number of Pharmacy Stores, By Leading Pharmacies, 2022