Vietexplorer2024

The Vietnam Medi-Pharm Expo 2024 is organized by Vinexad JSC and the Ho Chi Minh City Medical Equipment Association (HMEA), under the ownership of the Ministry of Health. This exhibition serves as a platform for businesses operating in the medical and pharmaceutical industries to forge partnerships and expand their reach in Vietnam, a market with vast potential for growth. Medical and Pharmaceutical Products and Services: A Sector with Long-term Development Prospects According to Mordor Intelligence, the global medical device market is projected to expand from USD 637.04 billion in 2024 to USD 893.07 billion by 2029, attaining a compound annual growth rate (CAGR) of 6.99%. Vietnam’s medical device market is also experiencing robust growth, with a market size of US$1.677 million and a CAGR of 10.2%, ranking eighth in the Asia-Pacific region. This sector has further attracted significant foreign investment through mergers and acquisitions (M&A). Factors Propelling ...