The pharmaceutical goods market in Vietnam has demonstrated significant fluctuations over the years. From 2012 to 2017, there was a consistent upward trajectory, with peak year-on-year variations reaching 24.25% in 2017. However, starting in 2018, the market exhibited volatility with occasional declines, notably a 7.59% drop in 2018 and a 5.29% decrease in 2022. Over the last five years, from 2019 to 2023, the average annual growth rate (CAGR) has settled at a modest 3.83%, reflecting a trend of stabilization but with lower growth rates compared to earlier years.
Future trends to watch for:
- Technological advancements and digital transformation in healthcare.
- Rising demand for biotech and specialty pharmaceuticals.
- Regulatory changes and healthcare reforms in Vietnam.
- Potential market consolidation and entry of multinational corporations.
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3,945,000,000 | 2023 | +1.25% | +1.12% | View data |
| 2 | 2 Germany | 3,201,100,000 | 2023 | -1.13% | -2.07% | View data |
| 3 | 3 France | 2,232,000,000 | 2023 | -2.43% | -2.05% | View data |
| 4 | 4 Italy | 1,865,500,000 | 2023 | -1.63% | -2.55% | View data |
| 5 | 5 United Kingdom | 1,766,700,000 | 2023 | -1.52% | -0.63% | View data |
| 18 | 18 Norway | 239,850,000 | 2023 | -0.08% | -0.53% | View data |
| 19 | 19 Sweden | 231,300,000 | 2023 | -3.98% | -3.55% | View data |
| 20 | 20 Vietnam | 212,500,000 | 2023 | +3.94% | +6.3% | |
| 21 | 21 Greece | 208,340,000 | 2023 | +0.6% | +0.33% | View data |
| 22 | 22 Peru | 199,730,000 | 2023 | +3.01% | +2.05% | View data |
