Vietnam E-Pharmacy Market Growth, Size, Trends, Revenue, Share, Challenges and Future Outlook
Vietnam E-Pharmacy Market Size- By Product Type, By Therapy Area, By Operating Platform- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: PHAR2312 | Pages: 1 - 105 | Formats*: |
| Category : Pharmaceutical | |||
Vietnam E-Pharmacy Market Introduction and Overview
According to SPER Market Research, the Vietnam E-Pharmacy Market is estimated to reach USD 0.43 billion by 2033 with a CAGR of 10.66%.
The report includes an in-depth analysis of the Vietnam E-Pharmacy Market, including market size and trends, product mix, distribution channels, and supplier analysis. The E-pharmacy market refers to an online platform within the healthcare industry that supports the online sale and distribution of pharmaceutical products, medical supplies, and therapeutic items. It entails the digitization of traditional pharmacy services, allowing customers to browse, buy, and receive medicinal supplies via internet channels.
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Market Opportunities and Challenges
The Vietnam e-pharmacy market offers a promising landscape with numerous prospects and difficulties. On the one hand, the country's fast increasing internet penetration and smartphone use creates a sizable market for online pharmaceutical services. E-pharmacies can provide convenience, accessibility, and a diverse choice of items to a population that frequently encounters barriers to healthcare, particularly in rural locations. Furthermore, the Vietnamese government is gradually adopting digital health initiatives, which could create a favorable regulatory climate for e-pharmacy operations.
However, there are significant challenges to overcome in this market. First and foremost, regulatory compliance and safety issues are crucial. To maintain public trust and safety, it is critical to ensure the authenticity and quality of pharmaceutical items supplied online. To successfully regulate the e-pharmacy business, the government will need to adopt and implement strict laws. Furthermore, healthcare infrastructure and logistics in Vietnam can be inadequate in some areas, making efficient medicine delivery difficult. Finally, competition in the e-pharmacy field is projected to heat up, necessitating major investments in technology, marketing, and customer service to get a foothold in the market. Balancing these benefits and challenges will be critical for the long-term viability of e-pharmacies in Vietnam.
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Market Competitive Landscape
FPT Long Chau Pharma Joint Stock Company, mClinica Vietnam, Med247, Medcare Services and Investment Co., Medigo Vietnam, Nhà thuốc Pharmacity, Phòng khám Äa khoa Cao Cấp Jio Health (Jio Health) are major companies in the Israeli hydroponics sector. These companies are likewise focusing on investing in innovations, collaborations, and expansions to increase their market share.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Therapy Area, By Operating Platform |
| Regions covered | Northern region, Southern region, western region, Eastern region. |
| Companies Covered | FPT Long Chau Pharma Joint Stock Company, mClinica Vietnam, Med247, Medcare Services and Investment Co., Medigo Vietnam, Nhà thuốc Pharmacity, Phòng khám Äa khoa Cao Cấp Jio Health (Jio Health) |
COVID-19 Impact on Vietnam E-Pharmacy Market
The COVID-19 pandemic boosted the Vietnam e-pharmacy market. Consumers switched to internet platforms to purchase medical supplies, pharmaceuticals, and healthcare products while constraints and safety concerns reigned during the epidemic. Because of the rising desire for contactless services and home delivery, e-pharmacy use has skyrocketed. During that time, e-commerce and digitalization in the healthcare sector saw extraordinary growth. The epidemic hastened the uptake of e-pharmacy services among the Vietnamese public, and the trend is likely to have persisted even after the pandemic, as consumers recognized the convenience, accessibility, and safety provided by online pharmacies.
Key Target Audience
- Consumers
- Patients with Chronic Conditions
- Elderly Population
- Rural and Remote Communities
- Healthcare Providers
Our in-depth analysis of the Vietnam E-Pharmacy Market includes the following segments:
| By Product Type: |
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| By Therapy Area: |
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| By Operating Platform: |
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Key Topics Covered in the Report
- Vietnam E-Pharmacy Market Size (FY’2023-FY’2033)
- Overview of Vietnam E-Pharmacy Market
- Segmentation of Vietnam E-Pharmacy Market By Product Type (Prescription Medicines, Over-the-Counter Medicines)
- Segmentation of Vietnam E-Pharmacy Market By Therapy Area (Vitamins, Dermatology, Cold & Flu, Weight Loss, Others)
- Segmentation of Vietnam E-Pharmacy Market By Operating Platform (Websites, Apps)
- Statistical Snap of Vietnam E-Pharmacy Market
- Expansion Analysis of Vietnam E-Pharmacy Market
- Problems and Obstacles in Vietnam E-Pharmacy Market
- Competitive Landscape in the Vietnam E-Pharmacy Market
- Impact of COVID-19 and Demonetization on Vietnam E-Pharmacy Market
- Details on Current Investment in Vietnam E-Pharmacy Market
- Competitive Analysis of Vietnam E-Pharmacy Market
- Prominent Players in the Vietnam E-Pharmacy Market
- SWOT Analysis of Vietnam E-Pharmacy Market
- Vietnam E-Pharmacy Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam E-Pharmacy Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam E-Pharmacy Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam E-Pharmacy Market
7. Vietnam E-Pharmacy Market, By Product Type (USD Million)
7.1. Vietnam E-Pharmacy Market Value Share and Forecast, By Product Type, 2023-20337.2. Prescription Medicines7.3. Over-the-Counter Medicines
8. Vietnam E-Pharmacy Market, By Therapy Area (USD Million)
8.1. Vietnam E-Pharmacy Market Value Share and Forecast, By Therapy Area, 2023-20338.2. Cold & Flu8.3. Dermatology8.4. Vitamins8.5. Weight Loss8.6. Others
9. Vietnam E-Pharmacy Market, By Operating Platform (USD Million)
9.1. Vietnam E-Pharmacy Market Value Share and Forecast, By Operating Platform, 2023-20339.2. Websites9.3. Apps
10. Vietnam E-Pharmacy Market Forecast, 2019-2033 (USD Million)
10.1. Vietnam E-Pharmacy Market Size and Market Share
11. Vietnam E-Pharmacy Market, By Product Type, 2019-2033 (USD Million)
11.1. Vietnam E-Pharmacy Market Size and Market Share By Product Type (2019-2026)
11.2. Vietnam E-Pharmacy Market Size and Market Share By Product Type (2027-2033)
12. Vietnam E-Pharmacy Market, By Therapy Area, 2019-2033 (USD Million)
12.1. Vietnam E-Pharmacy Market Size and Market Share By Therapy Area (2019-2026)12.2. Vietnam E-Pharmacy Market Size and Market Share By Therapy Area (2027-2033)
13. Vietnam E-Pharmacy Market, By Operating Platform, 2019-2033 (USD Million)
13.1. Vietnam E-Pharmacy Market Size and Market Share By Operating Platform (2019-2026)13.2. Vietnam E-Pharmacy Market Size and Market Share By Operating Platform (2027-2033)
14. Vietnam E-Pharmacy Market, By Region, 2019-2033 (USD Million)
14.1. Vietnam E-Pharmacy Market Size and Market Share By Region (2019-2026)14.2. Vietnam E-Pharmacy Market Size and Market Share By Region (2027-2033)14.3. Southern Region14.4. Central Region14.5. Northern Region
15. Company Profile
15.1. FPT Long Chau Pharma Joint Stock Company
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. mClinica Vietnam
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Med247
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Medcare Services and Investment Co.
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Medigo Vietnam
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Nhà thuốc Pharmacity
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Phòng khám Äa khoa Cao Cấp Jio Health
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vietnam E-Pharmacy Market is projected to reach USD 0.43 billion by 2033, growing at a CAGR of 10.66% during the forecast period.
Vietnam E-Pharmacy Market grew in market size from 2022. The Market is expected to reach USD 0.43 billion by 2033, at a CAGR of 10.66% during the forecast period.
Vietnam E-Pharmacy Market CAGR of 10.66% during the forecast period.
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Vietnam E-Pharmacy Market size is USD 0.43 billion from 2023 to 2033.
Vietnam E-Pharmacy Market Segment is covered By Product Type, By Therapy Area, By Operating Platform.
The Asia-Pacific is anticipated to have the highest market share in the Vietnam E-Pharmacy Market.
The key players in the market include Companies Covered FPT Long Chau Pharma Joint Stock Company, mClinica Vietnam, Med247, Medcare Services and Investment Co., Medigo Vietnam, Nhà thuốc Pharmacity, Phòng khám Đa khoa Cao Cấp Jio Health (Jio Health).
The E-pharmacy market refers to an online platform within the healthcare industry that supports the online sale and distribution of pharmaceutical products, medical supplies, and therapeutic items.
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