The 21st Vietnam (Ho Chi Minh) International Pharmaceutical, Pharmaceutical and Medical Equipment Exhibition VIETNAMMEDI-PHARMEXPO was held in 3rd.August.
Vietnam (Ho Chi Minh) International Pharmaceutical, Medical Equipment Exhibition is sponsored by the Ministry of Medicine of Vietnam, and the Trade Advertising Expo of the Ministry of Industry and Trade of Vietnam
It is an annual regular international exhibition organized by VINEXAD. Thanks to the strong support from the Ministry of Health of Vietnam
Supported, this exhibition has been cultivated to become the most professional international exhibition in the field of medicine and medical treatment in Vietnam, and it is also a well-known exhibition in Southeast Asia.
One of the professional medical exhibitions. Vietnam Medi-Pharm Expo attracted visitors from China, India, Korea, Russia,
Businessmen from Pakistan, Germany, Japan and other countries participated in the exhibition and entered the Vietnamese market through this professional platform.
In recent years, the demand for imports in Vietnam’s pharmaceutical and medical markets has grown rapidly, and has attracted many Chinese companies in just two years.
The industry has developed this market and achieved good results.
Government policy support
As a member of ASEAN, Vietnam has a large population and has a huge growth potential in the medical market
force. The Vietnamese government lists the medical industry as a priority incentive investment project, rewards foreign investment and provides a number of preferential conditions, etc.
Therefore, the Vietnamese market provides a good incentive to invest in the medical industry. The Vietnamese government attaches great importance to medical care, and health expenditures are increasing year by year.
The government encourages private capital to invest in the construction of hospitals.
Rapid economic growth
Vietnam’s economy is growing rapidly, and its GDP growth rate has increased year by year, reaching 6.7%, which is in the leading position in ASEAN. Vietnam
GDP per capita exceeds US$2,200, which is now at the middle level of middle-income countries. Vietnam’s annual per capita medical expenditure reaches
$142 and growing fast
favorable market background
In order to upgrade and expand facilities, improve operational efficiency and provide better services, Vietnam is investing in equipping its facilities with advanced
of medical equipment. In 2019, the medical device market was valued at USD 1.4 billion, and Vietnam was the ninth largest medical device market in Asia Pacific
market, more than 90% of medical equipment and supplies are exported to the country. It is expected that in the next five years, the industry will grow by more than 10% per year
average growth rate. The pharmaceutical market is projected to grow at an annual rate of 10% from 2017 to 2028, from 2017 to 2028
Per capita sales will nearly triple to $131 in the decade to 2027. A recent report by BMI showed that
According to the report, about 90% of Vietnam’s medical equipment is imported, and the main suppliers are from South Korea, China, Japan, the United States and Germany.
Accounted for 71% of medical equipment imports. Domestic manufacturers can only meet the needs of basic medical supplies, they mainly produce hospital beds,
Products such as scalpels, cabinets, scissors and disposables.
Chongqing Hongguan Medical Equipment Co.,Ltd booth is E118, however, due to some reason, we are not going there for the expo, if there are any question or needs, please feel free to coantact us on website.
We sincerely wish VIETNAMMEDI-PHARMEXPO 2023 hold sucessfuly!
Hongguan care about your health.
See more Hongguan Product→https://www.hgcmedical.com/products/
If there are any needs of medical comsumables, please feel free to contact us.
hongguanmedical@outlook.com
Post time: Aug-04-2023