In 2021, several cities and provinces had to implement further COVID-19 restrictions such as social distancing measures due to a spike in the virus. This had a limiting impact on the growth rate of wound care in the country.
In 2021, sticking plasters/adhesive bandages remained the largest category within wound care, and was in fact the only category with notable sales. These products are convenient and easy to use, and consumers are familiar with them, whilst they are also available in outlets nationwide.
In 2021, Urgo Healthcare Products (Thailand) Ltd retained the leading position in wound care. The success of the company is mainly thanks to its strong position in the market, well-known brand name and wide distribution network throughout Vietnam.
The current value and volume growth rates in wound care are expected to rebound in 2021, returning to the levels of growth seen in the review period prior to the onset of the pandemic. Growth rates are then expected to see a continued rise throughout the rest of the forecast period.
As wound care remains a somewhat unsophisticated category in Vietnam, few local companies will be interested in making an entrance into wound care over the forecast period, especially those with enough capacity to compete with the leading giant international manufacturers. Therefore, the presence of local companies will remain small.
Sticking plasters/adhesive bandages is expected to remain the only category with notable volume and value sales in Vietnam in the forecast period. Consumers have greater use for these products in the rough and tumble physical activities of their daily lives and are more accustomed to seeing them in stores, whilst they are easy to carry and use.
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Understand the latest market trends and future growth opportunities for the Wound Treatments industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Wound Treatments
This is the aggregation of sticking plasters/adhesive bandages, first aid kits, and gauze, tape, and other wound care. Exclude products that prevent foot blisters and anti-scarring only variants.
See All of Our DefinitionsThis report originates from Passport, our Wound Treatments research and analysis database.
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