Vietnam Pharmaceutical Market

pharmaceutical grocery. Drug consumption in per capita terms is evaluate to increase by 70% in 2014. Local medicate toil met around half of the nations needs in 2010. The organisation announced that improving the domestic pharmaceutical industry is the health sectors highest priority over the next rough years, in order to meet 70% of the nations drug demand by 2015. A plan to come up and restructure Vietnams pharmaceutical industry is underway which includes boosting the production of essential drugs in order to cut prices, stabilise the market and reduce the countrys dependence on unknown pharmaceutical imports. Other targets include increasing investment in scientific research & technological application and expanding co-operation with strange pharmaceutical companies.

According to the Delegation of the European Commission to Vietnam, the Vietnam nonprescription(a) drug sector should double in the next quintette years. This is due to the lack of family physicians, which means that the large majority of Vietnamese families rely heavily on self-medication using OTC drugs.



The leading(a) Vietnamese OTC manufacturers include three domestic companies; ring Do drug companyceutical, Sophaco Group and TC Pharmaceutical. The Vietnam biologic sector has seen some significant developments in Q4 2010 and Q1 2011: Chinese-based Sinopharm announced plans to build a vaccine manufacturing facility in Vietnams Hoa Lac Hi-Tech Zone, Hanoi; Nanogen launched a biosimilar drug, Pegnano, a pegylated interferon product for the treatment of hepatitis B and C; and Astellas Pharma and the Japanese-based NITE announced plans to start a joint research course of study on new microorganisms for drug discovery.If you want to get a full essay, order it on our website: Orderessay



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