In-depth Analysis of the Impact of COVID-19 on Vietnam Pharmacy Retail Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The outbreak of the Corona Virus Pandemic has led to massive changes in the way the industries used to function; the healthcare sector of all the countries faced the major changes and perception of health and fitness also changed among the consumers. As of December 10, 2020, the number of cases crosses 68.8 million cases globally and more than 1.57 million people lost their lives. With one of the lowest cases and deaths worldwide, Vietnam’s journey has stood out in all of South East Asia and the world as it managed to successfully combat the virus, especially the first wave. Experience with SARS and Avian influenza helped the country take appropriate and timely action against Covid-19. The credit for the country’s success can be largely given to the government in keeping COVID-19 transmission rates under control due to its swift decision-making, effective public health messaging, and aggressive contact tracing. Vietnam crushed its first wave of coronavirus infections in April and went nearly 100 days without local transmission until the virus remerged and was quickly contained in the central city of Da Nang in July. On November 30, the country reported its first locally transmitted case in almost three months and resorted to measures such as tight screening, contact tracing, border closures and suspension of inbound international flights. As of December 10, 2020, the number of Covid-19 cases in the country reached 1,381, with total deaths reaching 35. Vietnam is also expected to conduct the first phase of human trials of a locally made COVID-19 vaccine from December 17 as per the health ministry. In the first half of 2020, Vietnam’s economy was severely hit due to Covid-19, and recorded the lowest GDP growth rate in the last three decades, according to World Bank. However, Vietnam’s growth in the year could be one of the highest in the world due to its success with containing the spread of the virus in the country. The IMF projected Vietnam’s GDP growth rate at 2.4% for the 2020 in November. Impact on Vietnam Pharmaceutical Industry: At the beginning of 2020, the pharmaceutical industry in Vietnam faced temporary shortage of API as it is reliant on China & India for majority of its API imports. Factory closures in some regions in China and restricted exports from India due to lack of raw material from China, impacted the industry. As a result, the total pharmaceutical imports into the country declined by 30.8% during Jan-Feb 2020 as compared to the same period in 2019. Change in Consumer Attitude towards Health and Wellness: The outbreak of corona virus pandemic stimulated the shift from prescribed medicines towards OTC products. The overall consumer spending on OTC & supplements increased by 2% during Feb-March 2020 as compared to the same period in 2019. A shift towards preventive healthcare also accelerated during this period. Consumers started demanding higher amounts of immunity boosters, functional foods, vitamins, minerals etc. as a precaution against the virus. Impact on Pharmacy Sales and Future Outlook: At the onset of the pandemic, pharmacies & drugstores in Vietnam witnessed higher sales with an increase of 162-164% in February 2020 as compared to February 2019. The sales and customer footfall in pharmacy stores declined a little after a nationwide lockdown was imposed in April. The sales however started stabilizing after the lockdown restrictions were lifted and the market started to recover. Pharmacies witnessed higher demand for analgesics, antipyretics, pain relievers, cough & fever, eye drops, nasal solutions & more due to stockpiling mentality of consumers as people started storing these at their homes. Higher sales volume was also recorded for preventive products such as face masks, hand sanitizers, personal care products and more. The market is expected to recover by 2021, with sales and customer footfall reaching the pre-covid levels. Rapid store expansion of pharmacy chains and growing health awareness is further expected to positively influence the growth of the industry in future. Basis all these factors, the pharmacy retail market in Vietnam is expected to grow at a CAGR of 8.1% basis revenue and 4.6% basis number of pharmacy stores over the period 2019-2025. Vietnam Pharmacy Retail Market (Basis Revenue and Number of Pharmacies):- Vietnam Pharmacy Retail Market Segmentations (On the basis of Sales Volume) By Market Structure (On the basis of Revenue and Number of Pharmacies) Organized Market Unorganized Market By Product Category (On the basis of Revenue) Prescribed Drugs Over-the-Counter Products Non-Pharmaceutical Products Medical Equipment By Region (On the basis of Revenue & Number of Pharmacies) North Central South By Therapeutic Areas (On the basis of Revenue) Cardiovascular Anti-Diabetic Pain Relief/Analgesics Vitamins/Minerals/Nutrients Anti-Infective Respiratory Gastrointestinal Neuro Gynecology Others By Drug Type (On the basis of Revenue) Generics Patented By Location (On the basis of Number of Pharmacies) Street/Mall Based Hospital Based Pharmacy Retail Chains Covered:- Pharmacity Long Chau Guardian Medicare Phano Pharmacy An Khang Trung Son VinFa Eco Pharmacy My Chau SK Plus Pharmacy Key Target Audience:- Pharmaceutical Manufacturing Companies Pharmacy Retail Companies Independent Pharmacies Industry Associations Government and Regulatory Bodies Telemedicine Companies Pharmaceutical Distributors & Wholesalers Time Period Captured in the Report:- Historical Period: 2014-2019 Forecast Period: 2020-2025 For More Information on the research report, refer to below link:- Vietnam Pharmacy Retail Market Related Reports:- Taiwan Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized and Unorganized), By Region (Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment’s), By Drug Type (Generic And Patented) and By Therapeutic Class Philippines Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipments), By Drug Type (Generic and Patented) and By Therapeutic Class Thailand Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: An Khang Pharmacy Number of Pharmacies Vietnam, An Khang Pharmacy Retail Market Sales, Central Vietnam Pharmacy Retail Market, Cổ phiếu Thị trường Bán lẻ Dược phẩm Guardian, Covid-19 Impact Vietnam Pharmacy Retail Industry, Covid-19 Impact Vietnam Pharmacy Retail Market, Covid-19 Tác động đến Ngành Bán lẻ Dược phẩm Việt Nam, Digital Health Enablers in Vietnam, Doanh thu thị trường bán lẻ dược phẩm Việt Nam, E-Pharmacies Vietnam, E-Prescription Market in Vietnam, Eco Pharmacy and SK Plus Retail Market Shares, Eco Pharmacy Number of Pharmacies Vietnam, Evaluation Study Vietnam Pharmacy Retail Market, Evaluation Summary Report Vietnam Pharmacy Retail Market, Evaluative Survey Vietnam Pharmacy Retail Market, Guardian Number of Pharmacies Vietnam, Guardian Pharmacy Retail Market Shares, Hanoi Number of Pharmacies, Hanoi Pharmacy Retail Market, Health Statistics in Vietnam, Ho Chi Minh Number of Pharmacies, Ho Chi Minh Pharmacy Retail Market, Hồ Chí Minh Thị trường bán lẻ dược phẩm, Industry Research Report Of Vietnam Pharmacy Retail, Long Chau Number of Pharmacies Vietnam, Long Chau Pharmacy Retail Market Sales, Market Research Report Of Vietnam Pharmacy Retail, Medical Equipment Sales Vietnam, Medicare Number of Pharmacies Vietnam, Medicare Pharmacy Retail Market Revenue, My Chau Pharmacy Number of Pharmacies Vietnam, My Chau Pharmacy Retail Market Revenue, Nhà thuốc Mỹ Châu Số nhà thuốc Việt Nam, North Vietnam Pharmacy Retail Market, Number of Drugstores Vietnam, Number of Pharmacies Vietnam, Number of Pharmacists Vietnam, Online Consultation Platforms Vietnam, Online Pharmacies Vietnam, OTC Sales Vietnam, Phano Pharmacy Number of Pharmacies Vietnam, Phano Pharmacy Retail Market Shares, Pharmacity Number of Pharmacies Vietnam, Pharmacity Pharmacy Retail Market Revenue, Pharmacy Retail Industry In Vietnam, Pharmacy Retail Market In Vietnam, Prescribed Drugs Sales Vietnam, SK Plus Pharmacy Retail Market Sales, Số lượng Dược sĩ Việt Nam, Social Evaluation Research Vietnam Pharmacy Retail Market, South Vietnam Pharmacy Retail Market, Thị trường bán lẻ dược phẩm Việt Nam, Thị trường bán lẻ vitamin hiệu thuốc Việt Nam, Thị trường Thuốc kê đơn Điện tử tại Việt Nam, Thị trường thuốc Việt Nam được cấp bằng sáng chế, Trung Son Number of Pharmacies Vietnam, Trung Son Pharmacy Retail Market Revenue, Vietnam Branded Generics Market, Vietnam Generic Drug Market, Vietnam Heath Insurance Scenario, Vietnam Hospital Based Pharmacy Retail Market, Vietnam Internet Medicine Market, Vietnam Major Medicine Sellers, Vietnam Mall Based Pharmacy Retail Market, Vietnam Medical Equipment Market, Vietnam Medicine Retail Market, Vietnam Non-Pharma Products Market, Vietnam Organized Pharmacies Market, Vietnam Patented Drug Market, Vietnam Pharmacy Retail Analgesics Market, Vietnam Pharmacy Retail Anti-Diabetic Market, Vietnam Pharmacy Retail Anti-Infective Market, Vietnam Pharmacy Retail Cardiovascular Market, Vietnam Pharmacy Retail Due Diligence Report, Vietnam Pharmacy Retail Gastro-Intestinal Market, Vietnam Pharmacy Retail Growth Strategy Market Report, Vietnam Pharmacy Retail Gynecological Market, Vietnam Pharmacy Retail Industry, Vietnam Pharmacy Retail Industry Research Report, Vietnam Pharmacy Retail Market, Vietnam Pharmacy Retail Market Analysis, Vietnam Pharmacy Retail Market Competition, Vietnam Pharmacy Retail Market Competition Benchmarking, Vietnam Pharmacy Retail Market Evaluation Report, Vietnam Pharmacy Retail Market Forecast, Vietnam Pharmacy Retail Market Future Outlook, Vietnam Pharmacy Retail Market Growth, Vietnam Pharmacy Retail Market Major Players, Vietnam Pharmacy Retail Market Research Report, Vietnam Pharmacy Retail Market Revenue, Vietnam Pharmacy Retail Market Revenue Forecasting, Vietnam Pharmacy Retail Market Shares, Vietnam Pharmacy Retail Market Size, Vietnam Pharmacy Retail Market Trends, Vietnam Pharmacy Retail Respiratory Market, Vietnam Pharmacy Retail Vitamins Market, Vietnam Prescribed Medicine Retail Market, Vietnam Street Based Pharmacy Retail Market, Vietnam Telemedicine And E-Prescription Providers, Vietnam Telemedicine Market, Vietnam Unorganized Pharmacies Market, VinFa Number of Pharmacies Vietnam, VinFa Pharmacy Retail Market Sales, Write An Evaluation Report On Vietnam Pharmacy Retail Market