Aging Population, Digitization and Rising Adoption of E-Pharmacies to Drive the Growth of Pharmacy Retail Industry in Vietnam: Ken Research Following its plan of setting up approximately 1,000 pharmacies by 2021, the number of Pharmacity stores crossed 500 in 2020. The company plans to open more than one store per day across the in 2021. In September 2020, the Ministry of Health launched a Telemedicine platform to provide remote consultation & treatment, linking over 1,000… Read More »
Vietnam Pharmacy Retail Market, Vietnam Pharmacy Retail Industry, Market Revenue: Ken Research How is Vietnam Pharmacy Retail Market Positioned? Vietnam is one of the fastest growing pharmaceutical markets in South East Asia. The pharmacy retail market, although having presence of pharmacy chains since many years, gained momentum particularly in the last decade with entry of new players and growing healthcare expenditure and health & wellness awareness. Various… Read More »
In-depth Analysis of the Impact of COVID-19 on Vietnam Pharmacy Retail Market: Ken Research 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… Read More »
Growing Presence of Pharmacy Chains and Increasing Health Awareness Driving the Pharmacy Retail Industry in Vietnam: Ken Research Growing Per Capita Drug Expenditure: The per capita spending on medicines in Vietnam is consistently rising each year. The average drug expenditure per capita was USD 9.8 in 2005 & rose to USD 22.25 in 2010. It further grew from USD 34.48 in 2014 to USD 59.32 in 2019, witnessing a CAGR of ~11.5% over… Read More »
Vietnam Pharmacy Retail Market Outlook to 2025: Ken Research The report titled “Vietnam Pharmacy Retail Market Outlook to 2025-By Market Structure (Organized & Unorganized); By Region (North, South & Central); By Hospital-based & Street/Mall-based; By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)”provides a comprehensive analysis of the retail pharmacy operations in… Read More »
Vietnam Nutraceutical Market, Vietnam Nutraceutical Industry, Market Revenue: Ken Research How Nutritional Supplement Market is Positioned in Vietnam? In 2019, revenues of Vietnam nutraceutical industry including dietary supplements, functional foods and functional beverages collectively, accounted to USD ~ million. The market recorded the growth at a CAGR of ~%, from USD ~ million generated in the year 2014. The rising awareness and knowledge about health… Read More »
Growing Demand for Herbal/Traditional Dietary Supplements Will Be One of the Major Factors That Would Shape the Future of Nutraceutical Industry in Vietnam: Ken Research The urban population is increasing in Vietnam stood at 34.6 Million in 2018 and is expected to triple by 2020 with major focus on cities of Hanoi, Ho Chi Minh City, and Haiphong. The increase in urban population will boost the nutritional supplements market as these people will have a higher awareness about the health… Read More »
Increase in Demand for Probiotics Segment and Strict Regulations against Counterfeit Products has Supported Vietnam Nutraceutical Market Growth: Ken Research “As the health awareness is increasing in Vietnam, the numbers of members in fitness centers have grown at a CAGR of 14.9% during 2013-2018 with number of gyms reaching to approximately 3,3399 in 2018. Rising awareness of people towards fitness has augmented the market growth for the nutritional supplements in Vietnam”. Increase in Demand for… Read More »
Vietnam Nutraceutical Market Outlook to 2025: Ken Research Buy Now The report titled “Vietnam Nutraceutical Market Outlook to 2025 – By Dietary Supplements (Herbal Supplements, Vitamin and Minerals, Probiotics, Protein and Amino Acid Supplements, Omega 3 Fatty Acids, Others), By Functional Beverages (Energy Drinks, Plant based and Malt based Hot Drinks Hot Drinks, and Sports Drinks), By Functional Foods (Dairy, Baby Food, Breakfast Cereals,… Read More »
