Portland, OR, Feb. 04, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the Vietnam Medical Nutrition Market was pegged at $270.16 million in 2019, and is projected to reach $373.05 million by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Download Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/9219?reqfor=covid
Increase in incidence of chronic diseases and rise in the geriatric population across Vietnam have boosted the growth of the Vietnam medical nutrition market. However, lack of awareness of nutrition problems among Vietnamese hampers the market growth. On the contrary, surge in medical tourism in Vietnam is expected to create lucrative opportunities for the market players in the future.
Covid-19 scenario:
- Due to the Covid-19 outbreak, several countries imposed a lockdown that resulted in a suspension of public transport. This hampered international import-export, disruption of the supply chain, and supply of raw materials.
- Moreover, Vietnam has imposed strict quarantine measures during the initial phase of lockdown. During this phase, medical nutritionists and patients used mHealth technology to communicate as clinics were closed.
The Vietnam medical nutrition market is classified on the basis of product, application, distribution channel, and end users. Based on product, the market is divided into infant nutrition, parenteral nutrition, and enteral nutrition. The infant nutrition segment held the lion’s share in 2019, accounting for nearly three-fourths of the total revenue of the market. In addition, the segment is expected to reach 5.6% during the forecast period.
On the basis of application, the market is classified into diabetes, cancer, gastrointestinal diseases, chronic kidney disease, chronic liver disease, intensive care, chronic obstructive pulmonary disease, and others. The chronic kidney disease segment is anticipated to portray the highest CAGR of 6.3% from 2020 to 2027.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/9219
Based on distribution channel, the market is segmented into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. The drug store and retail pharmacies segment held the largest share in 2019, accounting for more than two-thirds of the market. However, the online pharmacies segment is estimated to register the highest CAGR of 6.2% during the forecast period.
The Vietnam medical nutrition market report includes an in-depth analysis of the major market players including Abbott Laboratories, Baxter International Inc., B. Braun Melsungen AG, and Fresenius SE & Co. KGaA.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.
Similar Reports:
Clinical Nutrition Market - Global Opportunity Analysis and Industry Forecast, 2020–2027
Enteral Nutrition Market - Global Opportunity Analysis and Industry Forecast, 2019-2027
Oncology Nutrition Market - Global Opportunity Analysis and Industry Forecast, 2019-2027
Gloves market - Global Opportunity Analysis and Industry Forecast, 2019–2027
Indwelling Catheters Market - Global Opportunity Analysis and Industry Forecast, 2019–2027
Butterfly Needle Sets Market - Global Opportunity Analysis and Industry Forecast, 2019–2027
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.