Press release14 Jul 2022
Vietnam Medi-Pharm Expo 2022: The International Medical, Hospital & Pharmaceutical Exhibition celebrates its 20th anniversary
Vietnam Medi-pharm Expo 2022 in HCM city – The 20th International Medical, Hospital & Pharmaceutical Exhibition will officially takes place in 3 days, from August 11-13, 2022 at Saigon Exhibition and Convention Center (SECC) – 799 Nguyen Van Linh Str., District 7, Ho Chi Minh City.
Under the support of the Ministry of Health, the annual typical and comprehensive exhibition of the Medical Equipment and Pharmaceutical Industry is organized by VINEXAD Company (under the Ministry of Industry and Trade) in collaboration with the Medical Equipment Association of Ho Chi Minh City. During the past 2 decades, Ho Chi Minh City has built a prestigious exhibition brand in the industry.
In 2022, Vietnam Medi-pharm Expo marks the 20th anniversary with the scale of 260 businesses from 20 countries and territories registering to exhibit at 320 booths on an area of 7,500 m2.
Vietnam’s medical market attracts investors
At a conference in the field of pharmaceuticals and healthcare held in Ho Chi Minh City recently, a representative of the Department of Health of HCMC (Mr. Le Ngoc Danh, Deputy Head of the Pharmaceutical Department) said that the Vietnamese pharmaceutical market is valued at about 6.2-6.4 billion USD/year.
In which, the pharmaceutical market in Ho Chi Minh City accounts for 30-40% of the country. Ho Chi Minh City is also at top in medical examination and treatment in the southern region. Therefore, with this ratio, the pharmaceutical market in Ho Chi Minh City has a scale of about 2 billion USD, with a lot of potential for investment, cooperation and development.
Previously, BMI Research also forecast that the size of Vietnam’s pharmaceutical market will reach 16.1 billion USD in 2026, with a compound growth rate of up to 11% in VND.
Private investment in the health sector is forecasted to be increasingly attractive, because patient’s demand for high-class medical services increases rapidly. According to experts, the medical and health care market in Vietnam is increasing with a scale of about 12-15 billion USD and the amount of money people pays for health care grows by over 10% per year.
Attractions at Vietnam Medi-pharm Expo 2022
This year’s exhibition recorded a reversal between the pharmaceutical and medical equipment industries. As can be seen that in 2019, the number of businesses displaying medical equipment accounted for 70%. On the other hand, in 2022, pharmaceutical and functional food brands from 20 countries and territories account for 55% of the total 260 enterprises participated this time.
Although there are still influences in many aspects that reduce the percentage of European businesses participating, based on the attraction of the exhibition, the German Chamber of Commerce and Industry decided to choose to participate in Vietnam Medi-pharm Expo in HCMC with the Bavaria pavilion. The Bavaria pavilion has been recognized as the first choice of visiting experts and companies in the medical equipment industry at each previous exhibition. This year, the Bavaria pavilion model will be more elaborately staged, the display list is high-tech equipment and hospital applications, which are expected to continue to attract the attention of businesses and professionals.
For the first time, Turkey participated in the exhibition with a National pavilion scale. This is also the first time that Turkish Pharmaceutical & Laboratory Equipment will be officially “launched” in Vietnam market. Manufacturers “Made in Turkey” committed to product quality with certification of European export standards will be the driving force to build trust and expand long-term cooperation with Vietnamese enterprises.
An event with 5 national promotion model pavilions (including India, Germany, Korea, Malaysia, Turkey). And many businesses from other countries such as Poland, Taiwan, Russia, Japan, Pakistan, France, Singapore, Spain, Thailand, Switzerland, Australia, and China … All of these factors above will be the promoting for the message of Medi-pharm Expo as an exhibition that plays the role of attracting both export and investment in Vietnam. At the same time, creating opportunities for Vietnamese businesses to narrow the gap in accessing new technology with many developed countries
The IQVIA Institute has ranked Vietnam in the group of Pharmerging Markets – the group of 17 countries with the highest growth in the pharmaceutical industry in the world. Pharmaceutical revenue is expected to reach $7.51 billion by 2025, accounting for 1.78% of GDP and 32.2% of healthcare spending with a CAGR for the period 2020-2025 of 8%.
The growth potential of the pharmaceutical industry is highly appreciated because people’s income is higher, the population is entering the aging stage, making awareness more and more focused on health issues. Therefore, spending on health needs also increases.
The driving force of Vietnam’s pharmaceutical industry in the long term is the investment of multinational pharmaceutical companies, the improvement of the quality of medical examination and treatment, the expansion of social and demographic health insurance throughout the country.
According to some reports, Vietnam’s health expenditure is expected to reach US$23.3 billion in 2025 and US$33.8 billion in 2030. Prescription drugs are expected to account for an increasingly larger share of the total sales of the pharmaceutical industry in the coming years, driven by rising demand for cures, the rollout of national health insurance, rising incomes, better healthcare infrastructure, and the growth of generic drugs …
Therefore, according to experts and analysts, the opportunity for investors, manufacturers and distributors in the field of pharmaceuticals and medical equipment of other countries to cooperate with Vietnamese enterprises is very big. The upcoming Vietnam Medi-pharm Expo HCM 2022 is considered one of the greatest opportunities for businesses in the medical and pharmaceutical industry to participate, promote and exchange businesses.
Seminar “Introduction to the Vietnamese medical equipment market”, “Digital transformation in health: Solutions and tools” organized by the Ho Chi Minh City Medical Equipment Association within the schedule of the exhibition, will provide foreign businesses and visitors with general information about the Vietnamese healthcare market; regulations on import and trading of medical products in Vietnam. This will be a good opportunity for businesses to meet and discuss with representatives of the Ministry of Health.
To promote effective trade promotion and attract more attention of experts, The Organizer create an B2B Matching between the exhibition and buyers. And also, a series of seminars with diverse topics such as: Digital technology in operation, management of medical examination and treatment systems, and introduction of new products and technologies will take place during the 3-day exhibition.
The international medical, hospital & pharmaceutical exhibition with the theme “Joining hands to protect, care and improve community health” is expected to contribute to the development of Vietnam’s medical and pharmaceutical market. Thereby, towards realizing the goal of making Vietnam become the first choice for worldwide investors in the field of medicine and pharmacy. As a result, meeting the requirements of integration, modernization – industrialization and implementing the program of socio-economic recovery and development, contributing to the good implementation of the strategy of caring and improving people’s health.
Vietnam Medi-pharm Expo is an exhibition held annually by VINEXAD JSC. in Ho Chi Minh City in August and in Hanoi in December under the support of the Ministry of Health and the Ministry of Industry and Trade, attracting hundreds of domestic and foreign businesses every year.
VINEXAD – A professional exhibition organizer with 47 years of establishment and development, with the motto of constantly making efforts to build substantive trade promotion activities between domestic and foreign enterprises.
Ms. Thái Tuyết Hương – 090 415 4438 (Project Manager) | email@example.com
Ms. Hoàng Bích Diệp – 090 219 6688 (Communications Manager) | firstname.lastname@example.org
Fan-page Facebook: Vietnam Medipharm Expo