Rising adoption of e-commerce is driving the growth of the Vietnam E Pharmacy Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam E Pharmacy Market – By Region, Competition Forecast & Opportunities, 2027”, Vietnam E Pharmacy Market is anticipated to grow with an impressive CAGR of 22.85% in the forecast period, 2023-2027 on the account of increasing e-commerce adoption and internet penetration in the region. Increasing instances of various diseases like chronic diseases, infectious diseases, lifestyle diseases leading to severe conditions & abnormalities, are driving the growth of the Vietnam E Pharmacy Market in the upcoming five years. Expanding healthcare services, and healthcare infrastructure is also supporting the growth of the Vietnam E Pharmacy Market in the next five years. Increasing investment in the healthcare infrastructure from the government as well as private authorities is anticipated to substantiate the growth of the Vietnam E Pharmacy Market in the future five years. Moreover, surge in the number of experienced healthcare workers, pharmacists etc. are also aiding the growth of the Vietnam E Pharmacy Market due to increasing demands for employment of the professionals, in the forecast years. Although in the past the numbers of the doctors per population have been too low, but the upcoming five years are anticipated to employ further experts to support the growing demand. Number of doctors in the year 2019 was recorded to be 96,218 which accounts for only 8.8 doctors per ten thousand inhabitant population of the country.
Browse over 16 market data Figures spread through 70 Pages and an in-depth TOC on “Vietnam E Pharmacy Market”
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The Vietnam E Pharmacy Market is segmented by product type, therapy area, operating platforms, competitional landscape, and regional distribution. Based on product type, the market is further differentiated between prescription medicine and over-the-counter medicine. Prescription medicines are anticipated to hold the largest revenue shares of the market in the upcoming five years and dominate the market on the account of increasing chronic ailments across the region. Rapidly growing lifestyle ailments and other age-related disorders is also fueling the growth of prescription medicine in the forecast period.
On the basis of therapy area, the market segment is bifurcated into vitamins, dermatology, cold & flu, weight loss, and others. Vitamins hold the largest share in therapy segment on account of increasing immune related disorders and awareness regarding the preventive healthcare measures. Dermatology is anticipated to register significant growth in the upcoming five years on the grounds of increasing demands for aesthetic & cosmetic treatments. Also, increasing instances of skin diseases in the country and growing count of patient suffering from food allergy is further anticipated to substantiate the growth of the sub-segment along with the growth of the Vietnam E Pharmacy Market in the forecast years.
Market segments on the basis of operating platforms is bifurcated into Websites and Apps. E Pharmacy apps are anticipated to register the fastest growth in the upcoming years on account of increasing number of smart phone users and user-friendly interface served by the e pharmacy apps.
A partial list of major market players of the Vietnam E Pharmacy Market includes :
- Medcare Services and Investment Co.
- TNHH Buymed Co., Ltd.
- FPT Long Chau Pharma Joint Stock Company
- Phòng khám Đa khoa Cao Cấp Jio Health (Jio Health)
- Med247
- Vietskin (Gia Han Medical Services Joint Stock Company)
- Nhà thuốc Pharmacity
- Medigo Vietnam
- mClinica Vietnam
- VinFa Joint Stock Company
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“Healthcare system in the country demands for increased investments and financial stability. The rapidly growing instances of diseases, abnormalities, infections, and surging demand for the early and effective treatment for the population is anticipated to support the growth of the Vietnam E Pharmacy Market in the recent years. Moreover, increased demand of prescription and over-the-counter medicines during the covid-19 pandemic has also drive the e-pharmacy market in Vietnam as consumers need their pharmacy products at their doorstep to avoid the risk of infection.
New market players may align themselves with the government authorities to identify the geographies that are in urgent need of clinical healthcare facilities. Rural population require well established healthcare system and thus merger & acquisitions with the global giants to facilitate the infrastructure development would support their brand establishment in the future market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam E Pharmacy Market By Product Type (Prescription Medicines v/s Over-The-Counter Medicines), By Therapy Area (Vitamins, Dermatology, Cold & Flu, Weight Loss, Others), By Operating Platform (Websites v/s Apps), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Vietnam E Pharmacy Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam E Pharmacy Market.
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