Vietnam pharmacy retails market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2022-2026, on the account of changing consumer behavior toward online pharmaceutical shopping. Moreover, rapidly increasing instances of lifestyle diseases is further driving the growth of the Vietnam pharmacy retails market in the upcoming five years. Factors like stress, sedentary lifestyle, unhealthy food habits, and excessive smoking and alcoholism are most commonly responsible for the rapidly increasing population that is suffering from lifestyle ailments, thereby supporting the growth of the Vietnam pharmacy retails market in the next five years. Advantages of online pharmacy facilities and emergence of the ayurvedic products is also aiding the growth of the Vietnam pharmacy retails market in the future five years. Additionally, growth in the number of middle class household, along with the growing economy of the country and rapidly increasing population, the Vietnam pharmacy retail market is anticipated to show robust growth in the Vietnam pharmacy retail market in the future five years. Furthermore, rapidly evolving medical infrastructure and pharmacy retail sources is further substantiating the growth of the Vietnam pharmacy retail market in the forecast years. Although higher initial investment in the sector scares new market entrants and may create certain hurdles in the future, but government initiatives in aiding their new ventures would aid the growth of the Vietnam pharmacy retail market in forecast period, until 2026. Sales of pharmaceutical products like over the counter drugs, prescription drugs, portable medical equipment, and some related FMCG products is defined as pharmacy retail. Vietnam is one of the leading markets in Asia Pacific region in terms of pharmaceutical industry growth.

The Vietnam pharmacy retail market segmentation is based on market structure, product type, therapeutic area, drug type, pharmacy location, competitive landscape, and regional distribution. Based on market structure, the market is divided between organized and un-organized market structure. Organized market structure is anticipated to dominate the market segment and register highest revenue shares of the market in the upcoming five years on the account of expanding healthcare and pharmaceutical industry. Vietnam has undertaken the decision to develop a health financing system based on social health insurance, which aspires to achieve universal health coverage. Organized pharmaceutical companies are in collaborations with the governmental authorities such that a more productive allocation of the public funds and resources can be done. This systemic process is aiding the growth of the Vietnam pharmacy retails market in the future five years.

A partial list of market player in the Vietnam pharmacy retails market includes Long Chau & Phano Pharmacy, Pharmacity, Medicare, Phano Pharmacy, Mobile World Group (An Khang Pharmacy), My Chau Pharmacy, ECO Pharmaceuticals, VinFa (Vingroup), Ku. Dos Pharmaceutical Joint Stock Company, SK Pharmacy Group, 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 pharmacy retails 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 infrastructure 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 pharmacy retails market from 2016 to 2019.
  • To estimate and forecast the market size of Vietnam pharmacy retails market from 2020 to 2026 and growth rate until 2026. 
  • To classify and forecast Vietnam pharmacy retails market based on market structure, product type, therapeutic area, drug type, pharmacy location, competitional landscape, and regional distribution.
  • To identify dominant region or segment in the Vietnam pharmacy retails market.
  • To identify drivers and challenges for Vietnam pharmacy retails market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam pharmacy retails market.
  • To identify and analyze the profile of leading players operating in Vietnam pharmacy retails market.
  • To identify key sustainable strategies adopted by market players in Vietnam pharmacy retails 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 pharmacy retails, 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 pharmacy retails 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:

  • Pharmacy retails, service provider, infrastructure producers, end users, and other stakeholders
  • Distributors and suppliers of the products and other stakeholders
  • Organizations, forums, and alliances related to pharmacy retails
  • 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 pharmacy retails, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

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

  • Vietnam Pharmacy Retails Market, By Market Structure:

o   Organized

o   Unorganized

  • Vietnam Pharmacy Retails Market, By Product Type:
    • Prescribed Drugs
    • Over-the-Counter Products
    • Non-Pharmaceutical Products
    • Medical Equipment
  • Vietnam Pharmacy Retails Market, By Therapeutic Area:
    • Cardiovascular
    • Anti-Diabetic
    • Pain Relief/Analgesics
    • Vitamins/Minerals/Nutrients
    • Anti-Infective
    • Others
  • Vietnam Pharmacy Retails Market, By Drug Type:
    • Generic
    • Patented
  • Vietnam Pharmacy Retails Market, By Pharmacy Location:
    • Street/Mall Based
    • Hospital Based
  • Vietnam Pharmacy Retails Market, By Region:
    • Northern
    • Central
    • Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam pharmacy retails 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 Pharmacy retails 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 Pharmacy Retail Market

4.    Executive Summary

5.    Voice of Customer

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 (Organized v/s Unorganized)

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

6.2.3.     By Therapeutic Area (Cardiovascular, Anti-Diabetic, Pain Relief/Analgesics, Vitamins/Minerals/Nutrients, Anti-Infective, 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 (2020)

6.3.  Product Market Map

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.  Policy & Regulatory Landscape

12.  Vietnam Economic Profile

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Long Chau & Phano Pharmacy

13.2.2.  Pharmacity

13.2.3.  Medicare

13.2.4.  Phano Pharmacy

13.2.5.  Mobile World Group (An Khang Pharmacy)

13.2.6.  My Chau Pharmacy

13.2.7.  ECO Phamaceuticals

13.2.8.  VinFa (Vingroup)

13.2.9.  Ku.Dos Pharmaceutical Joint Stock Company

13.2.10.                SK Pharmacy Group

14.  Strategic Recommendations

15.  About us & Disclaimer