In 2020, the revenue of the over-the-counter (OTC) drug market in Vietnam amounted to *** billion U.S. dollars, indicating a significant increase from 2015. Meanwhile, prescription drugs had total revenue of *** billion U.S. dollars that year.

In 2020, the revenue of the over-the-counter (OTC) drug market in Vietnam amounted to *** billion U.S. dollars, indicating a significant increase from 2015. In that year, prescription drugs had total revenue of *** billion U.S. dollars in the country.

In 2021, the hospital channel accounted for ** percent of the pharmaceutical market in terms of value in Vietnam. Due to the COVID-19 pandemic, the revenue of pharmaceuticals via hospital channels decreased while the revenue via pharmacies increased in that year.

In 2019, Duoc Hau Giang (DHG) Pharmaceutical JSC generated a sales revenue of *** trillion Vietnamese dong. DHG is one of the largest pharmaceutical companies in Vietnam and is engaged in the manufacturing and selling of over-the-counter (OTC) medicines. In April 2019, DHG became a subsidiary of Taisho Pharmaceutical Co. Ltd. In that year, the market size of pharmaceuticals in Vietnam was estimated at about ***** trillion Vietnamese dong.

This statistic shows the revenue of the industry “manufacture of basic pharmaceutical products and pharmaceutical preparations“ in Vietnam from 2012 to 2018, with a forecast to 2024. It is projected that the revenue of manufacture of basic pharmaceutical products and pharmaceutical preparations in Vietnam will amount to approximately ******* million U.S. Dollars by 2024.

The value of Thailand's pharmaceutical market amounted to around *** billion Thai baht in 2023, making it the third-biggest market in Southeast Asia. The market is expected to reach *** billion Thai baht in 2024. Pharmaceuticals market in Thailand The Ministry of Public Health regulates pharmaceuticals in Thailand. Despite the low spending per person on drugs, the market was still expected to expand, resulting in a forecasted rise in the share of pharmaceutical sales as a part of GDP. Antibiotics were the leading pharmaceuticals exported from Thailand. The leading exporting destinations for Thailand for pharmaceuticals and medical supplies are Vietnam, Myanmar, and Cambodia.

Pharmaceutical manufacturing industry in Thailand Since medicine costs are a major expense borne by the public health system, the modern pharmaceutical manufacturing industry is one of the most important industries in Thailand. Thailand issued almost *** pharmaceutical licenses for manufacturing modern medicine in 2022. Pharmaceutical solutions and tablets were the major pharmaceutical products produced in the country, with over **** metric tons manufactured as of May 2023.