Thailand Pharmacy Retail Market Share 2023, Growth Drivers, Competitive Analysis, Growing CAGR of 2.36%, Emerging Trends and Future Outlook 2022-2032: SPER Market Research

Thailand Pharmacy Retail Market

According to SPER Market Research, Thailand has a robust retail pharmacy business that provides customers with a wide selection of medical supplies and services. The market has experienced tremendous expansion in recent years as a result of an expanding population and rising healthcare demand. Consumers who buy healthcare goods and services for their own use, as well as healthcare professionals, governmental organisations, and regulatory authorities, are among the target demographics for the pharmacy retail sector. E-commerce has grown to be a key pharmaceutical retail channel. The sector is very competitive, with both domestic and foreign businesses contending for market dominance. Generally, it is anticipated that Thailand’s pharmacy retail business will expand over the future years due to reasons like increased healthcare demand, rising incomes, and technological improvements.

Thailand Pharmacy Retail Market Overview:

  • Forecast CAGR (2022-2032): 2.36%
  • Forecast Market Size (2032): XX billion

Consumers, particularly those who buy healthcare goods and services for personal use, make up the bulk of the market’s target population. This covers a wide variety of customers, from those who buy straightforward over-the-counter medications to those who need sophisticated prescription drugs for ongoing diseases. In addition to consumers, other target audiences for the pharmacy retail market in Thailand may include healthcare professionals such as doctors, nurses, and pharmacists, as well as government agencies and regulatory bodies.

The COVID-19 outbreak has had a substantial influence on Thailand’s retail pharmacy business. Due to lockdowns and travel limitations, there has been a considerable movement towards online pharmacy retail in Thailand. As more people shop for prescription medications and other healthcare supplies online, the need for e-commerce platforms has grown. The epidemic has also increased demand for health and wellness items like vitamins and supplements as people seek to improve their immune systems. The demand for non-essential items like cosmetics and personal care items has also decreased. Pharmacy businesses have had to conform to new regulations in order to safeguard the health of its customers and personnel. Steps like social isolation, greater cleaning and sanitation, and contactless payment have been implemented to stop the virus from spreading. The COVID-19 pandemic has brought to light the importance of the retail pharmacy sector in Thailand for serving the general public with essential medical goods and services. As the epidemic expands, the industry will need to adapt to meet shifting consumer needs while continuing to place a high focus on both customer and employee health and safety.

Thailand Pharmacy Retail Market Key Players:

The market study provides market data by the competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ArinCare, Bangkok Drugstore, Boots Retail, ChiiWii, CM Mediclinic, Doctor Anywhere, Doctor A-Z, Fascino, Health Up, Healthy Max, I-care, Lab Pharmacy, Matsumotokiyoshi, Ooca, P&F, Pure by Big C, Raksa, Save Drug, Tsuruha, Watsons.

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 Thailand Pharmacy Retail Market Segmentation:

By Market Structure: Based on the Market Structure, Thailand Pharmacy Retail Market is segmented as; Organized , Unorganized.

By Product Categories: Based on the Product Categories, Thailand Pharmacy Retail Market is segmented as; Medical Equipments, Non-Pharmaceutical Products, Over-The-Counter, Prescribed Drugs.

By Drugs: Based on the Drugs, Thailand Pharmacy Retail Market is segmented as; Generics, Patented.

By Therapeutic Areas: Based on the Therapeutic Areas, Thailand Pharmacy Retail Market is segmented as; Antibiotic, Anti-Infective, Cardiovascular, Gastro Intestinal, Gynecology, Neuro, Pain /Analgesics, Respiratory, Vitamins / Minerals / Nutrients, Others.

By Region: This report also provides the data for key regional segments of Bangkok, Pattaya, Phuket, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Thailand Pharmacy Retail Market Revenue

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