The Vietnamese pharmaceutical market is currently expanding quickly, and it is likely to grow at more than 10 per cent per annum going forward. This, combined with rising personal incomes, makes Vietnam an attractive destination for global pharmaceutical companies looking to capitalize on emerging market growth potential.
In 2025, the projected revenue in Vietnam's Pharmaceuticals market is estimated to reach US$2,427.00 million. The revenue is expected to experience an annual growth rate (CAGR 2025-2029) of 5.06%, leading to a market volume of US$2,957.00 million by 2029. Globally, the United States is expected to generate the highest revenue in the pharmaceuticals market, reaching US$660.00 billion in 2025. Vietnam's pharmaceutical market is experiencing rapid growth due to increasing demand for healthcare services and a growing middle class.
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