The pharmaceutical goods market size value per capita in Vietnam stood at $2.22 in 2023. From 2024 onwards, the market is forecasted to grow as follows: $2.28 in 2024, $2.36 in 2025, $2.43 in 2026, $2.50 in 2027, and $2.57 in 2028. This represents the following year-on-year percentage variations:
• 2024: 2.7%
• 2025: 3.5%
• 2026: 3.0%
• 2027: 2.9%
• 2028: 2.8%
Over the last two years (2022-2023), the market exhibited an annual growth rate of around 3.0%. The compound annual growth rate (CAGR) from 2023 to 2028 is projected to be 3.0%.
Future trends to watch for include the impact of regulatory changes, advances in pharmaceutical technology, increasing healthcare access, and demographic shifts such as an aging population, which may further drive per capita market growth.
