Business Monitor International


Vietnam Pharmaceuticals & Healthcare Report

Published 25 September 2014

  • 128 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Vietnam Pharmaceuticals & Healthcare Report

BMI View:   The attractiveness of Vietnam's pharmaceutical market is steadily increasing. Whil e structural challenges remain, such as the country's increasingly ageing population and under-capacity in terms of healthcare infrastructure and personnel , growth in expenditure is supported by a significant disease burden, the new insurance law, introduction of new products, more corporate investments and better regulations.

Headline Expenditure Projections

  • Pharmaceuticals: VND69,297bn (USD3.30bn) in 2013 to VND80,680bn (USD3.92bn) in 2014; +16.4% in local currency terms and +19.1% in US dollar terms.  Forecast unchanged from previous quarter.

  • Healthcare: VND222,374bn (USD10.57bn) in 2013 to VND254,491bn (USD12.37bn) in 2014; +14.4% in local currency terms and +17.0% in US dollar terms.  Forecast unchanged from previous quarter . 

Risk/Reward Rating:

Vietnam's Pharmaceutical Risk/Reward Rating (RRR) score for Q413 is 49.1 out of the maximum 100 in our newly improved RRR system. The country scored above average for some indicators and sub-indicators, including overall market expenditure, sector value growth and pensionable population. Consequently, with this moderate score, Vietnam is ranked 11th behind India out of the 19 key markets in Asia Pacific.

Key Trends And Developments

  • In July 2014, data from the General Statistics Office shows that the consumer price index (CPI) for 'medicines and health services' increased by 5.65% for the 12 months to June 2014. While this figure is still above the 4.98% for 'all goods and services', it represents a return to equivalence that will be welcomed by manufacturers, wholesalers, retailers, regulators and consumers. Between mid-2012 and mid-2013, the prices of medicines in Vietnam experienced extreme price rises, sometimes more than 60% higher than the same month in the previous year. The two-year period of extraordinary medicine price rises in Vietnam is over.

  • In June 2014, Vietnam's National Assembly passed...

Table of Contents

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Pharmaceutical Market Forecast
14
Table: Pharmaceutical Sales, Historical Data And Forecasts (Vietnam 2010-2018)
15
Healthcare Market Forecast
16
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Vietnam 2010-2018)
19
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Vietnam 2010-2018)
19
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Vietnam 2010-2018)
20
Prescription Drug Market Forecast
21
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018)
22
Patented Drug Market Forecast
23
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018)
24
Generic Drug Market Forecast
25
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018)
26
OTC Medicine Market Forecast
27
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018)
29
Pharmaceutical Trade Forecast
30
Table: Pharmaceutical Trade Data And Forecasts (Vietnam 2012-2018)
31
Table: Pharmaceutical Trade Data And Forecasts local currency (Vietnam 2012-2018)
32
Other Healthcare Data
32
Key Risks To BMI's Forecast Scenario
33
Macroeconomic Forecasts
34
Economic Analysis
34
Table: Foreign Direct Investment By Country Of Origin (Top Five)
38
Table: Vietnam - Economic Activity
39
Industry Risk Reward Ratings
40
Asia Risk/Reward Ratings
40
Vietnam Risk/Reward Ratings
46
Rewards
46
Risks
46
Market Overview
48
Industry Trends And Developments
50
Epidemiology
50
Healthcare Financing
52
Hospital Sector
54
Private Healthcare Sector
56
Healthcare Insurance
58
Healthcare And Pharmaceutical Reform
60
Research And Development
62
Biotechnology Sector
63
Clinical Trials
67
Regulatory Development
69
Regulatory Regime
69
Pharmaceutical Advertising
70
Intellectual Property Environment
71
Corruption
75
Pricing Regime
75
Reimbursement Regime
80
Pricing And Reimbursement Developments
81
Competitive Landscape
84
Pharmaceutical Sector
84
Domestic Industry
85
Foreign Industry
88
Traditional Medicines
90
Pharmaceutical Distribution
91
Pharmaceutical Retail Sector
92
Table: Key Aspects Of Good Pharmacy Practice In Developing Countries
93
Company Profile
94
DHG Pharmaceutical
94
Traphaco Pharmaceutical
96
Vietnam Pharmaceutical Corporation (Vinapharm)
98
Vietnam OPV Pharmaceutical Co
101
Vietnam Pharmaceutical Joint Stock Company (Ampharco)
103
Vidipha Central Pharmaceutical Joint Stock Company
106
Pfizer
108
Sanofi
110
Novartis
114
Merck & Co
116
GlaxoSmithKline
118
Demographic Forecast
120
Table: Vietnam's Population By Age Group, 1990-2020 ('000)
121
Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
122
Table: Vietnam's Key Population Ratios, 1990-2020
123
Table: Vietnam's Rural And Urban Population, 1990-2020
123
Glossary
124
Methodology
126
Pharmaceutical Expenditure Forecast Model
126
Healthcare Expenditure Forecast Model
126
Notes On Methodology
127
Risk/Reward Ratings Methodology
128
Ratings Overview
129
Table: Pharmaceutical Risk/Reward Ratings Indicators
129
Indicator Weightings
130

The Vietnam Pharmaceuticals & Healthcare Report features Business Monitor International (BMI)'s forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Vietnam Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Vietnamese pharmaceutical and healthcare industry.

Key Benefits

  • Benchmark BMI's independent pharmaceutical and healthcare industry forecasts for Vietnam to test other views - a key input for successful budgeting and strategic business planning in the Vietnamese pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Vietnamese pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Vietnam.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View & Industry SWOT

An at-a-glance perspective on latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The SWOT outlines strategic factors which affect BMI's forecast analysis, and taken together with BMI's political, economic and business environment SWOTS, it gives a complete overview of market climate.

Market Summary

Snapshot of key market characteristics, including total size of pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as an analysis of the overall regulatory burden.

Industry Developments

Focus on government healthcare reforms, epidemiological trends, company M&As, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

BMI Industry Forecasts

Forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Healthcare: Total healthcare expenditure (US$bn), healthcare expenditure (% of GDP), healthcare expenditure per capita (US$), hospital beds (per `000 population), doctors (per `000 population), birth and mortality rate (per `000 population)

Pharmaceutical market: Drug expenditure (US$bn), drug expenditure (% of GDP), drug expenditure per capita (US$)

Patented drug market: Prescription drug sales (US$bn), prescription sales (% of total sales), sales broken down by 14 therapeutic areas (cardiovascular, anti-infectives etc.)

Generic drug market: Generic product sales (US$bn), generic sales (% of total sales)

OTC drug market: OTC sales (US$bn), OTC sales (% of total sales), sales broken down by product types (analgesics, skin treatments, vitamins and minerals etc.)

Medical Devices: Medical device sales (US$bn), medical device sales (% of total healthcare market)

Macroeconomic Forecasts: Nominal and real GDP, % real GDP growth, % private consumption growth, % industrial output growth, % consumer price index, % GDP price deflator, exports, imports, trade balance, current account balance, foreign direct investment, exchange rate against US$, government expenditure, external debt.

Competitive Landscape

The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc