Vietnam Medical Market

vietnam medical market

Vietnam’s scarcity of low-cost generic drugs, on top of its inability to meet local demands for production and innovation, have allowed foreign companies to dominate Vietnam’s medical device and pharmaceutical markets. Additionally, increasing health care coverage and government initiatives to improve the healthcare network have positively driven Vietnam’s medical industry. Pacific Bridge Medical can assist Western medical device and pharmaceutical companies in choosing the most efficient business and regulatory strategies for their medical products in Vietnam.

Vietnam Medical Device Market Size

  • $780 million
  • Projected Growth Rate: 8%

Vietnam Pharmaceutical Market Size

  • $7 billion
  • Projected Growth Rate: 13.8%

Vietnam Economic Statistics and Demographics

  • GDP (PPP): $770 billion
  • Per Capita GDP (PPP): $7,447
  • Real GDP Growth Rate: 6.8%
  • Population (millions): 96
  • Ethnic Diversity: 85.7% Vietnamese, 1% Chinese (Hoa), 13.3% other (over 50 ethnic groups)
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