The Future of Healthcare: 22nd Vietnam Medipharm Expo 2024

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 the Boom in the Medical and Pharmaceutical Business and
Manufacturing Market

Firstly, Vietnam is witnessing a rising trend in population aging. According to the
General Statistics Office of Vietnam, the proportion of individuals aged 60 and
above increased from 11.9% in 2019 to 13.9% in 2023. This demographic shift is
associated with an increased prevalence of chronic and age-related health issues,
driving demand for healthcare services.

Secondly, improvements in living standards, both in urban and rural areas, have
led to a growing willingness among individuals to invest in their health. As a
result, there is an increased demand for health-enhancing products and equipment.

Thirdly, Vietnam has implemented numerous policies that attract foreign investors
and encourage technology transfer. Notable examples include the National Strategy
for the Development of the Vietnamese Pharmaceutical Industry until 2030 with a
vision toward 2045, approved in October 2023, and the Plan for Developing the
Network of Medical Facilities for 2021-2030 with a vision toward 2050, approved in
February 2024.

Overall, the medical and pharmaceutical sector remains an attractive field for
businesses, and specialized exhibitions like Vietnam Medi-Pharm Expo 2024 offer a
valuable opportunity for companies to connect, showcase their innovations, and
expand their customer base.

Vietnam Medipharm Expo in Ho Chi Minh City: A 20-Year Legacy of Supporting
Businesses

For over two decades, the Vietnam Medipharm Expo in Ho Chi Minh City has
consistently delivered on its promise of quality and expansion. Each year, the
exhibition has grown in scale and attracted an increasing number of exhibitors.

The most recent iteration, Vietnam Medipharm Expo 2023, was a remarkable success,
attracting over 12,000 visitors. The exhibition featured a diverse range of
products across various sectors, including pharmaceuticals, medical and
pharmaceutical manufacturing and packaging machinery/equipment, medical
equipment, analytical and laboratory devices, dental and ophthalmic technology,
cosmetic and beauty devices, and medical examination and treatment services,
including medical tourism.

Building on the success of Vietnam Medipharm Expo 2023, the organizers, Vinexad,
are poised to make Vietnam Medipharm Expo 2024 an even more anticipated
international medical and pharmaceutical exhibition.

The 22nd International Medical, Hospital, and Pharmaceutical Exhibition:
The Healthcare Sector’s Premier Annual Event

The upcoming 22nd International Medical, Hospital, and Pharmaceutical Exhibition
– Vietnam Medipharm Expo 2024 will host over 500 booths from 450 enterprises
across 22 countries and territories. This year’s exhibition will occupy an area
of 10,000 square meters and feature prominent national pavilions from India,
Taiwan, South Korea, Indonesia, Latvia, Sri Lanka, Turkey, and China.

The exhibition will continue to showcase six main groups: pharmaceuticals,
functional foods, and chemicals; processing and packaging machinery; medical
machinery and equipment, analytical and laboratory equipment; hospital services,
medical tourism, and medical software; dental and ophthalmic equipment; and
cosmetics, beauty, and aesthetic equipment. Notable participants include
well-known domestic healthcare companies such as NQ MEDICAL CORPORATION, KOSMEN
JOINT STOCK COMPANY, THANH TRUC MEDICAL AESTHETIC EQUIPMENT CO., LTD., GALAXY
WATER SOLUTIONS TRADING CO., LTD., and FPT SOFTWARE, among others.

Additionally, the exhibition will feature renowned international brands, including
SHENYANG PUSM MEDICAL DEVICE CO., LTD (China), ARIES AS (Czech Republic), SGH
MEDICAL PHARMA (France), BAL PHARMA LIMITED (India), IPP JAPAN CO., LTD.
(Japan), APACOR (UK), and GLOBAL SWISS GROUP, to name a few.

The presence of these prominent brands underscores the exhibition’s appeal and the
trade promotion benefits it has offered businesses over the past 20 years. It also
provides an opportunity for domestic products to be showcased alongside
international brands, elevating the profile of Vietnamese enterprises.

Building on the success of the 2023 exhibition, Vietnam Medipharm Expo 2024
continues to receive support from government-backed enterprises, including NIKOM
(Korean National Institute of Medical Development), PHARMEXCIL (Pharmaceuticals
Export Promotion Council of India), FICCI (Federation of Indian Chambers of
Commerce and Industry), LIAA (Investment and Development Agency of Latvia), and
EDB (Sri Lanka Export Development Board).

Furthermore, Vietnam Medipharm Expo 2024 will host high-profile events for businesses,
such as the “Medtech 4.0” seminar, the business exchange forum “Vietnam – India
Pharmaceutical Cooperation,” and discussions on “Bidding Laws and Updated
Policies in Vietnam’s Medical and Pharmaceutical Market.” These events offer
invaluable opportunities for entrepreneurs and business leaders to connect, share
insights, and forge sustainable partnerships.

The 2024 International Medical and Pharmaceutical Exhibition will also welcome
thousands of visitors eager to explore a diverse range of products, participate
in engaging activities, receive gifts, and benefit from free eye exams, among
other attractions. Visitors will have the opportunity to discover healthcare
brands that align with their needs.

With its far-reaching significance, the 22nd International Medical, Hospital, and
Pharmaceutical Exhibition – Vietnam Medipharm Expo 2024 promises to foster
lucrative business deals, long-term partnerships, and cooperation opportunities.
It also empowers Vietnamese enterprises to gain a deeper understanding of market
demands and enhance their competitiveness in the global arena.

Mark your calendars for Vietnam Medipharm Expo 2024, taking place from August 1 to
3, 2024, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh
City.