Vietnam Pharmacy Retail Market to grow at a CAGR of 6% and reach USD10.68 billion by 2027
Increasing number of pharmacies in Vietnam are expected to drive the Vietnam Pharmacy Retail Market during the forecast period, 2022-2027 According to TechSci Research report, “Vietnam Pharmacy Retail - By Region, Forecast and Opportunities, 2017-2027 ” , the Vietnam Pharmacy Retail Market stood at USD7.45 billion in 2021 and is expected to register a CAGR of 6% during the forecast period. The increase in number of pharmacies in Vietnam and rising adoption of e-Pharmacies are the primary factors driving the Vietnam Pharmacy Retail market. The Vietnamese population is entering the aging stage at a very high rate i.e., about 1.1% on average during 2000–2015. Owing to the rapid expansion of the middle class and the aging people ratio, the market dramatically pushed up the demand for healthcare goods, especially pharmaceutical products. This significantly increased the rate of drug purchases and demand for retail pharmacies. However, the advancement in retail ...