Organized by Vinexad, this year’s event will feature 100 booths from eight countries and territories, expecting to attract around 9,000 visitors.
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Hanoi to host Vietnam International Medical, Pharmaceutical Expo 2024 |
Vinexad highlighted Vietnam’s impressive economic progress, with GDP per capita rising from 121 USD in 1990 to 4,622 in 2024 USD. The growing income levels and better living standards have fueled demand for health and wellness products, driving the rapid growth of the healthcare sector. Vietnam's robust social media landscape has also raised awareness of health issues, further increasing demand for medical and pharmaceutical products.
According to the Ministry of Health's 2023 report, Vietnam has approximately 1,500 hospitals, of which nearly 1,300 are public establishments. The market for medical equipment is valued at over 1.67 billion USD, with a projected compound annual growth rate (CAGR) of 10.2% according to Report Ocean.
The pharmaceutical sector has also seen significant expansion, with 250 factories, 200 import-export facilities, and over 62,000 retail outlets nationwide. Major projects in the northern region, such as a 10-12 billion USD pharmaceutical park in Hai Duong and a 200-million-USD biopharma industrial park in Thai Binh, underline the sector's growth potential.
Vietnam Medipharm 2024 provides an invaluable platform for domestic and international businesses to exchange expertise and explore cooperation opportunities.
The event will showcase a variety of cutting-edge products and services from local and international brands such as Vi Dieu Nam and Nature Gift Pharma, Mario Bio and Jeil Pharma from the Republic of Korea, Esmond Natural, Inc from the U.S., and PRCXI Bioinformatics from China, among others.
A dedicated section will spotlight biopharma technologies, with participants like Vietnam’s BCC Group focusing on biotechnology and biochemical solutions.
Besides, the exhibition will also host seminars addressing pressing topics such as molecular biology diagnostics, herbal health supplements, artificial intelligence in healthcare marketing, and combating hospital infections. Visitors can also benefit from free medical consultations and health screenings.
With its growing healthcare sector and increased foreign participation, the expo aims to strengthen Vietnam’s position as a competitive hub for medical and pharmaceutical industries. The event presents domestic businesses with opportunities to innovate, expand internationally, and learn from global leaders in the sector.
Source: VNA