Vietnam Medical Nutrition Market to Attain USD 373.05 Million by 2027 : CAGR of 5.1% from 2020 to 2027
In a recent report released by Allied Market Research, titled “Vietnam Medical Nutrition Market: Opportunity Analysis and Industry Forecast, 2020–2027,” the medical nutrition market in Vietnam recorded a revenue of $270.16 million in 2019. The market is anticipated to witness substantial growth, reaching $373.05 million by 2027, with a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. Notably, the infant nutrition segment held a predominant position, contributing to over half of the market share in 2019.
Anticipated to experience significant growth in the coming years, the Vietnam medical nutrition market is driven by an upsurge in chronic diseases and a growing elderly population in the country. Despite these prospects, a hindrance to market growth is foreseen due to a lack of awareness regarding nutritional issues among the Vietnamese populace. Conversely, the expanding field of medical tourism in Vietnam is poised to present lucrative opportunities for industry participants.
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The market segments by product, encompassing infant nutrition, parenteral nutrition (including dextrose-based, fat-based, additives-based products, and others), and enteral nutrition (standardized, semi-elemental, and specialized). In terms of distribution channels, the market is divided into hospital pharmacies, retail pharmacies, and online pharmacies. The online pharmacies segment is expected to demonstrate the highest Compound Annual Growth Rate (CAGR) during the forecast period, driven by increasing disposable income and heightened awareness about discounted medical nutrition options among the population.
Vietnam Medical Nutrition Market Report Highlights
AspectsDetails| By Product |
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| By Application |
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| By Distribution Channel |
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| By End User |
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| Key Market Players | BRAUN MELSUNGEN AG, ABBOTT LABORATORIES, FRESENIUS SE & CO. KGAA, BAXTER INTERNATIONAL INC. |
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current Vietnam medical nutrition market trends and Vietnam medical nutrition market forecast estimations from 2020 to 2027, which assists to identify the prevailing market opportunities.
- An in-depth Vietnam medical nutrition market analysis includes study of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate country-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the Vietnam medical nutrition market is provided.
- Country-specific Vietnam medical nutrition market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2027 in terms of value.
- Key market players within the Vietnam medical nutrition market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market.
𝐃𝐨 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/9219
Key Findings Of The Study
- By product, the infant nutrition segment is expected to experience rapid growth in the market, registering a CAGR of 5.6% from 2020 to 2027.
- By application, the diabetes segment was the major revenue contributor in 2019, and is anticipated to continue the trends during the forecast period.
- By distribution channel, the drug store & retail pharmacies segment hold the largest share of the Vietnam medical nutrition market in 2019.
- By end user, public hospitals generated the highest revenue in the Vietnam medical nutrition industry in 2019.
- By parenteral nutrition, dextrose based products is estimated to grow at a CAGR of 4.6% during the forecast period.
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