Thailand Pharmacy Retail Market Outlook: Ken Research

Major Hospitals such as Samitivej launched its Virtual Hospital Application therefore, offering tele-consultation, blood testing and medicine delivery services.

Growth in Telemedicine Industry: Telemedicine program in Thailand was initiated in March of 2019, a joint effort of the Public Health Ministry and National Broadcasting & Telecommunications Commission (NBTC). According to WHO standards, communities should have 1 doctor for every 439 people however; there is only 1 doctor for every 2,065 people in Thailand. The country officially implemented telemedicine programs at 32 hospitals in rural areas in 8 provinces with a complete legalization framework, thus, encouraging adoption of new technologies & remote patient monitoring and medical care. These provinces include Chiang Rai, Kamphaeng Phet, Kanchanaburi, Kalasin, Phetchabun, Surin, Songkhla and Surat Thani. 32 hospitals involved in the telemedicine programme consisted of 15 sub-district health-promoting hospitals, 5 community hospitals, 8 provincial hospitals and lastly, 4 primary health clusters.

Collaborations & Partnerships: Partnerships of pharmacies with online consultation & E-prescription companies is growing in Thailand, for instance, AIA Thailand partnered with True Digital Group & Samitivej to launch a free-to-use tele-consultation service, as a Virtual COVID-19 Clinic in April 2020 wherein service was made available for use from 8 April to 10 May 2020 in the country. Amidst the COVID pandemic, health care providers observed a shift in consumer behavior, where people are now accepting more digital services such as online / E-consultation, medication delivery & Covid-19 screening services.

Thai hospitals and medical institutions are offering care with digitalized process, AI and big data technology to assist as well as improve medical consultancy, diagnosis and overall services. In addition, Thai government has introduced many measures to facilitate tourists to visit Thailand for medical services through extension of permitted period of stay and long-stay visas thereby, driving revenue within healthcare sector.

The report titled “Thailand Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented and Generic Drugs)by Ken Research suggested that the pharmacy retail market is further expected to grow in the near future as both existing companies and new entrants can focus on investing within marketing activities, hiring quality pharmacists, promotion of online platforms, focus on keeping stock of medicines for emerging diseases, partnerships with telemedicine players, using data analytics, acquisition of regional pharmacies, development of new retail channels and information on medicine intake. The market is expected to register a positive six year CAGR of 2.1% and 3.1% in terms of revenue and number of pharmacy stores respectively during the forecast period 2019-2025F.

Key Segments Covered: –

By Market Structure (Number of Pharmacy Stores & Revenue)

Organized

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipment

Unorganized

Prescribed Drugs

Over-The-Counter

Non Pharmaceutical Products

Medical Equipment

By Product Categories (Prescribed Drugs, Over-The-Counter, Non Pharmaceutical Products and Medical Equipment)

By Sales

Generic Drugs

Patented Drugs

By Therapeutic Areas

Cardiovascular

Anti-Infective

Pain / Analgesics

Respiratory

Vitamins / Minerals / Nutrients

Anti-Biotic

Gastrointestinal

Gynecology

Neuro

Oncology

Ophthalmology

Others (Dermatology, Antiulcerants, Macrolides & Similar Type, Angioten-Ii Antag. Comb, ANTI-Epileptics, Antihistamines Systemic, Fluoroquinoloes)

By Region / Cities

Bangkok & its Vicinity

Central

South

Northeast

North

East

West

Pharmacy Retail Stores / Chains Covered

Watsons

Boots Retail

Pure by Big C

Save Drug

Fascino

Bangkok Drugstore

Health Up

P&F

Lab Pharmacy

Tsuruha

Matsumotokiyoshi

I-care

Healthy Max

Other Independent Chains

Telemedicine Companies Covered

ChiiWii

Raksa

Ooca

Doctor Anywhere

CM Mediclinic

ArinCare

Doctor A-Z

Other Telemedicine Players

Key Target Audience

Pharmaceutical Manufacturing Companies

Pharmacy Retail Companies

Independent Pharmacies

Industry Associations

Government and Regulatory Bodies

Telemedicine Companies

Pharmaceutical Distributors & Wholesalers

Time Period Captured in the Report:-

Historical Period – 2014-2019

Forecast Period – 2019-2025

Key Topics Covered in the Report: –

Executive Summary

Thailand Healthcare and Pharmacy Retail Market Overview

Thailand Pharmacy Retail Market Supply

Thailand Pharmacy Retail Market Demand

Thailand Pharmacy Retail Industry Analysis

Comparative Landscape of Thailand Pharmacy Retail Market

COVID-19 Impact on Thailand Pharmacy Retail Market

Thailand Pharmacy Retail Market Future Outlook and Projections, 2019-2025

Analyst Recommendations in Thailand Pharmacy Retail Industry

Research Methodology /Appendix

For More Information on the Report, Click on the Below Link:-

Thailand Pharmacy Retail Market Growth

Related Reports by Ken Research: –

Malaysia Pharmacy Retail Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Location (Mall Based & High Street), By Product Sales (Prescribed Drugs, Generics, Non Pharmaceutical Products, Medical Equipments), By Drug Type (Patented & Generics) and By Therapeutic Class

Philippines Pharmacy Retail Market Outlook to 2025 – By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipments), By Drug Type (Generic and Patented) and By Therapeutic Class

India E-Pharmacy Competition Benchmarking Report – A detailed analysis of major E-Pharmacy players in India

Contact Us:  –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249

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