Press release06 Mar 2023
VIETNAM MEDI-PHARM EXPO 2023
Vietnam Medi-Pharm Expo 2023 in Hochiminh City – The 21st International Medical, Hospital and Pharmaceutical Exhibition will officially take place in 3 days, from August 3 to 5, 2023 at the Saigon Exhibition and Convention Center (SECC) – 799 Nguyen Van Linh Str., District 7, Hochiminh City.
Under the support of the Ministry of Health, the annual typical and comprehensive exhibition of the Medical and Pharmaceutical Industry is organized by VINEXAD (under the Ministry of Industry and Trade) in collaboration with Hochiminh Medical Equipment Association (HMEA). Over the past 2 decades, Vietnam Medi-pharm Expo has built a prestigious exhibition brand in the industry.
In 2023, Vietnam Medi-pharm Expo is expected to welcome 350 businesses from 20 countries and territories such as: India, Poland, Taiwan, Germany, Korea, Malaysia, USA, Russia, Japan, Pakistan, France, Singapore, Thailand, Turkey, China, Australia, Italy, Vietnam… registered to exhibit at 450 booths on an area of 10,000 m2.
The items displayed at the exhibition include 5 main industry groups:
– Pharmaceuticals, dietary supplements, processing and packaging machinery
– Medical equipment, analysis, testing, clean room equipment, protective wear…
– Hospital furniture & services, Medical tourism
– Dental equipment, ophthalmology
– Cosmetics, cosmetology, beauty equipment.
Vietnam’s healthcare 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 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 the last line 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.
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%.
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, the upcoming Vietnam Medi-pharm Expo in HCMC 2023 is considered one of the great opportunities for businesses and units operating in the medical and pharmaceutical industry to participate in promoting and connecting trade and finding partners.
Seminar “Introduction of Vietnamese Healthcare Market”, “Medical and Pharmaceutical Import Regulations ” organized by Ho Chi Minh City Medical Equipment Association and related Departments of Ministry of Health of Vietnam 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 and Medicines 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 exhibitors 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.
VIETNAM MEDI-PHARM EXPO 2023 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 medical and pharmaceutical. As a result, meeting the requirements of integration, modernization – industrialization and implementing the program of socio-economic recovery and development, contributing to the well implementation of the strategy of caring and improving people’s health.
Ms. Thái Tuyết Hương – 0904 154438 (Project Manager) | firstname.lastname@example.org
Ms. Hồ Thiên Trang – 090 212 0694 (Communications Manager) | email@example.com
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