Distribution of pharmaceutical products Thailand 2023, by channel

In 2023, ** percent of all pharmaceutical products were distributed to public hospitals in Thailand. This was followed by ** percent for private hospitals and ** percent for over-the-counter medications. Most of the pharmaceutical products manufactured in Thailand are for domestic use. In that same year, only *** percent of the pharmaceutical production in the country was exported.

The pharmaceutical supply in Thailand

In general, the supply of medicines in Thailand is through the domestic production of finished drug products, mostly generic drugs. The production of modern medications in the country fluctuated over the past years, amounting to over ** billion Thai baht in 2023. Solutions were the leading pharmaceutical products produced in the country, accounting for almost ** percent of the total pharmaceutical production in Thailand.

Leading pharmaceutical companies in Thailand

For private pharmaceutical companies, both local and multinational companies have a good standing in the market. Thai-owned companies usually operate on low-priced pharmaceutical production. As for multinational companies, they mostly import original and patented drugs for high prices. In 2023, Novartis held the largest revenue share of the pharmaceutical market in Thailand, followed by Mega Lifesciences.