The export of composite diagnostic or laboratory reagents from Vietnam has experienced substantial growth since 2013. The market surged dramatically between 2015 and 2017, exhibiting extraordinary year-on-year increases of 811.73% in 2015 and 60.05% in 2016. By 2023, the export value reached 4819.8 thousand USD, reflecting a more tempered but consistent growth trend, with a 5.64% increase from the previous year. The annual CAGR from 2019 to 2023 was 6.74%, demonstrating steady growth.
Looking ahead, the forecasted growth from 2024 to 2028 anticipates a slower CAGR of 3.53%, translating to an overall 18.92% growth over five years. Future trends to watch for include technological advancements in diagnostic and laboratory reagents, shifting global demand, and Vietnam’s evolving trade policies that could impact export dynamics. Monitoring these factors will be crucial for anticipating market movements.
