Thailand Pharmacy Retail Market Poised for Robust Growth, forecasted to Expand at 3.2% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Thailand Pharmacy Retail Market size is expected to exhibit a growth rate (CAGR) of around 3.2% during the forecast period, i.e., 2024-2030. 

Report Coverage

This report offers a comprehensive analysis of the Thailand Pharmacy Retail Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Thailand Pharmacy Retail Market Overview

The Thailand pharmacy retail sector is thriving, driven by the country's increasing demand for healthcare products and services. The government has implemented regulations to enhance access to healthcare and pharmaceuticals, leading to a rise in the number of pharmacies nationwide. These pharmacies offer a wide range of products, including prescription drugs, over-the-counter medicines, dietary supplements, and personal care items.

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Thailand Pharmacy Retail Market Segmentation Outlook

The Thailand Pharmacy Retail is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Market Structure

• Organized
• Unorganized

By Type

• Online
• Offline

By Product Category

• Medical Equipment
• Non-pharmaceutical Products
• Prescribed Drugs
• Medical Devices
• Baby Care Products
• Personal Care & Hygiene Products
• Others (First Aid Supplies, Orthopedic Support, etc.)

By Drug Type

• Generics
• Over-the-Counter (OTC)
• Patented

By Region

• Central
• Northeast
• North
• South          

Thailand Pharmacy Retail Market Challenge

Uncertain Pricing Regulations & Low Levels of Intellectual Property Protection to Impede the Market – The Thailand Pharmacy Retail Market faces challenges due to uncertain pricing regulations and low levels of intellectual property protection. Pricing regulation uncertainty can arise from changes in government policies, reimbursement schemes, or the introduction of price controls, which impact profit margins and pricing strategies for pharmaceutical products. This uncertainty makes it challenging for pharmacies to forecast revenues and plan investments effectively.

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Top Thailand Pharmacy Retail Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Arin Care Co. Ltd., The Boots Company PLC, Ranbaxy Co. Ltd., 7Eleven, Tops Online, Boots Retail (Thailand) Co, Ltd., Walgreen Boots Alliance, Drug Care Co. Ltd., Others as key players shaping the market landscape.

Thailand Pharmacy Retail Market News

• 2022: Walgreens Boots Alliance, Inc. declared that it has started a registered public offering of 10 million shares of AmerisourceBergen Corporation (NYSE: ABC) common stock. Concurrently, AmerisourceBergen is repurchasing approximately USD 500 million worth of shares, contingent upon the offering's completion.
• 2022: 7Eleven approached public-private partnerships with Thailand’s Digital Government Development Agency to develop 68 digital services in 7-Eleven stores. This service was provided by the Thai government to allow their citizens to do anything from checking for child support subsidies to obtaining driving license information online by completing KYC verification checks on the 7Eleven website.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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