Thailand Pharma and Healthcare Sector Report 2023-2024

Thailand's pharmaceuticals and healthcare sector has developed considerably over the past few decades. The Thai government began offering universal healthcare to all Thai citizens in 2002, a successful initiative that extends public healthcare coverage to more than 99.9% of the Thai population. Thailand is also a renowned global medical hub, with more Joint Commission International-accredited hospitals than any other country in the ASEAN region. Despite these notable successes, there remain considerable gaps in healthcare coverage in Thailand. The healthcare system is excessively oriented towards curative care, which, compounded with Thailand's rapidly ageing population and growing non-communicable disease (NCD) incidence, results in escalating healthcare costs. Thailand's medical device and pharmaceutical manufacturers also specialise in lower-value-added product categories, such as medical consumables or generic medicines, contributing to the healthcare system's ongoing import dependence. The government has learned hard lessons about the perils of import dependence from the ongoing COVID-19 outbreak and has introduced financial incentives to encourage companies to invest in building the domestic medical device and pharmaceutical production capacity.

This report provides a complete and detailed analysis of the "Healthcare and pharma" sector for Thailand. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Healthcare and pharma" sector in Thailand
• Crystallise the forces both driving and restraining this sector in Thailand
• Ascertain Thailand’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Thailand.
• Build a clear picture of trends, output and consumption for specific sub-sectors