Due in major part to the nation's expanding medical sector, Vietnam imports pharmaceutical products in significant numbers. Vietnam's medical sector is one of the fastest-growing and most prosperous in the world.
In 2020, the Vietnamese pharmaceutical market was estimated to be worth USD $10 billion, up from USD $5 billion in 2015. According to some official reports, Vietnam's market will undoubtedly reach the USD 16 billion mark by 2026. The absence of facilities and resources is the only thing standing in the way of this objective. Vietnam imports packaged medications and other medical equipment in order to meet market demands a sizable quantity from all around the world.
Vietnam imports a lot of medical supplies because of its expanding population, which will eventually require medical care at some point in their lives. There is a demand for sophisticated medical equipment that is currently lacking in the nation as the populace grows more aware of medical procedures and treatments. As a result, Vietnam is currently focusing on importing pharmaceutical products from around the world, and this can be seen through Vietnam Import Data and Vietnam Trade Data.
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VIETNAM'S REASON FOR IMPORTING PACKAGED MEDICATION
Posted - Jul 06 2023 : 23:46:35
