The Thailand pharmaceutical market size was valued at $6.4 billion in 2021. Thailand’s pharmaceutical industry is Southeast Asia’s second-largest pharmaceutical market, after Indonesia. Thailand’s medical devices market size was valued at $6.3 billion in 2020. Thai medical services are well-known across the world owing to its robust medical foundation, which includes high-quality medical services, competent healthcare workers, and a diverse variety of internationally approved medical facilities.
The Thailand healthcare market research report is an essential source of information on the analysis of the healthcare, regulatory, and reimbursement landscape in Thailand. It identifies the key trends in the country’s healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape, and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets.
Thailand Pharmaceuticals Market Overview
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Thailand Medical Devices Market Overview
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What are the market dynamics in the Thailand pharmaceuticals market?
The rise in non-communicable diseases like heart disease, diabetes, and cancer; the aging population; a universal healthcare system; the developing medical tourism business; greater foreign investments; and a favorable climate for clinical drug trials are contributing to the pharmaceutical market’s expansion.
The Thai government plans to implement various initiatives over 10 years (2016–25) to help Thailand reach the status of “Thailand, a Hub of Wellness and Medical Services” and develop into a medical center in four main areas: wellness, medical services, academics, and commodities. Moreover, the Thailand government’s supportive policies and BOI incentives will provide a suitable investment environment and opportunities for scientific studies and clinical R&D, which will result in significant growth in a wide range of medical and healthcare businesses.
Who are the key export and import partners in the Thailand pharmaceutical market?
The key export partners in the Thailand pharmaceutical market are Vietnam, Myanmar, Cambodia, Japan, and the Philippines. Vietnam accounts for the highest percentage of the export business. The key import partners in the Thailand pharmaceutical market are China, Germany, the US, Belgium, and India. China accounts for the highest percentage of the import business.
What are the key segments in the Thailand pharmaceuticals market?
The key segments in the Thailand pharmaceuticals market are generics, biologics, biosimilars, and over-the-counter (OTC).
Which are the major players in the Thailand pharmaceuticals market?
Some of the major players in the Thailand pharmaceuticals market are Pfizer, Sanofi, Novartis, GlaxoSmithKline (GSK), and F. Hoffmann-La Roche Ltd. (Roche).
Thailand Pharmaceuticals Market Analysis by Players
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What are the market dynamics in the medical devices market of Thailand?
Thai medical services are well-known across the world owing to its robust medical foundation, which includes high-quality medical services, competent healthcare workers, and a diverse variety of internationally approved medical facilities.
Thailand’s policies give the strategic direction required to improve the country’s status as a regional medical hub. For instance, the government’s “eHealth plan 2017-36” aspires to establish Thailand as a worldwide medical hub. A solid foundation of health-related businesses, growing demand for health services, and favorable investment and tax benefits for medical device investors and importers, among other factors, together contribute to Thailand’s status as the “Medical Hub of Asia.“
What are the key segments in the Thailand medical devices market?
The key segments in the Thailand medical devices market are reagents & test kits, durable medical devices, and single-use devices. Single-use devices have the highest share among them in the market.
Thailand Medical Devices Market Analysis by Segments
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Which are the major players in the Thailand medical devices market?
Some of the major players in the Thailand medical devices market are Fresenius, Abbott, GE Healthcare, Hoya, and Nipro.
Thailand Medical Devices Market Analysis by Players
To know more about the major market players in the medical devices market, download a free report sample
Thailand pharmaceuticals market overview
| Market size (Year – 2021) | $6.4 billion |
| Forecast period | 2022-2026 |
| Key segments | Generics, Biologics, Biosimilars, and Over-the-Counter (OTC) |
| Key export partners | Vietnam, Myanmar, Cambodia, Japan, and the Philippines |
| Key import partners | China, Germany, the US, Belgium, and India |
| Major players | Pfizer, Sanofi, Novartis, GlaxoSmithKline (GSK), and F. Hoffmann-La Roche Ltd. (Roche) |
Thailand medical devices market overview
| Market size (Year – 2020) | $6.3 billion |
| Forecast period | 2021 to 2025 |
| Key segments | Reagents & Test Kits, Durable Medical Devices, And Single-Use Devices |
| Major players | Fresenius, Abbott, GE Healthcare, Hoya, and Nipro |
Scope
The report provides information on the healthcare, regulatory, and reimbursement landscape in Thailand, and includes:
- An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers.
- Profiles and SWOT analyses of the major players in the pharmaceutical market: Pfizer, Sanofi, Novartis, GSK, and Roche.
- Profiles and SWOT analyses of the major players in the medical device market: Fresenius, Abbott, GE Healthcare, Hoya, and Nipro.
- An insightful review of the COVID-19 epidemiology, COVID-19 impact, and developments in the healthcare market, HealthTech landscape, reimbursement, and regulatory landscape, with analysis covering details of the country’s healthcare reimbursement process, regulatory agencies, and the approval processes for new drugs and medical devices.
- Detailed analysis of the country’s healthcare policy highlights, demographics, healthcare infrastructure, and healthcare expenditure.
- An overview of the opportunities for and challenges to growth in the Thailand healthcare market
Reasons to Buy
- This report will enhance your decision-making capability by allowing you to:
- Develop business strategies by understanding the trends shaping and driving Thailand’s healthcare market
- Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments, and companies likely to impact Thailand’s healthcare market in the future
- Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing competitors’ performance
- Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment, and strategic partnership
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The pharmaceuticals market size in Thailand was valued at $6.4 billion in 2021.
The key segments in the Thailand pharmaceuticals market are generics, biologics, biosimilars, and over-the-counter (OTC).
The key export partners in the Thailand pharmaceuticals market are Vietnam, Myanmar, Cambodia, Japan, and the Philippines. The key import partners in the Thailand pharmaceutical market are China, Germany, the US, Belgium, and India.
Some of the major players in the Thailand pharmaceuticals market are Pfizer, Sanofi, Novartis, GlaxoSmithKline (GSK), and F. Hoffmann-La Roche Ltd. (Roche).
The medical devices market size in Thailand was valued at $6.3 billion in 2020.
The key segments in the Thailand medical devices market are reagents & test kits, durable medical devices, and single-use devices.
Some of the major players in the Thailand medical devices market are Fresenius, Abbott, GE Healthcare, Hoya, and Nipro.
