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.
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Marketeer Online. (January 5, 2024). Value of pharmaceuticals market in Thailand from 2019 to 2024 (in billion Thai baht) [Graph]. In Statista. Retrieved July 22, 2025, from https://www.statista.com/statistics/1196175/thailand-pharmaceutical-market/
Marketeer Online. "Value of pharmaceuticals market in Thailand from 2019 to 2024 (in billion Thai baht)." Chart. January 5, 2024. Statista. Accessed July 22, 2025. https://www.statista.com/statistics/1196175/thailand-pharmaceutical-market/
Marketeer Online. (2024). Value of pharmaceuticals market in Thailand from 2019 to 2024 (in billion Thai baht). Statista. Statista Inc.. Accessed: July 22, 2025. https://www.statista.com/statistics/1196175/thailand-pharmaceutical-market/
Marketeer Online. "Value of Pharmaceuticals Market in Thailand from 2019 to 2024 (in Billion Thai Baht)." Statista, Statista Inc., 5 Jan 2024, https://www.statista.com/statistics/1196175/thailand-pharmaceutical-market/
Marketeer Online, Value of pharmaceuticals market in Thailand from 2019 to 2024 (in billion Thai baht) Statista, https://www.statista.com/statistics/1196175/thailand-pharmaceutical-market/ (last visited July 22, 2025)
Value of pharmaceuticals market in Thailand from 2019 to 2024 (in billion Thai baht) [Graph], Marketeer Online, January 5, 2024. [Online]. Available: https://www.statista.com/statistics/1196175/thailand-pharmaceutical-market/
