Thailand Pharmacies and Drug Stores Market (2025-2031) | Trends, Outlook, Analysis, Value, Companies, Industry, Forecast, Size, Growth, Share & Revenue

Thailand Pharmacies and Drug Stores Market Synopsis

The Thailand pharmacies and drug stores market is expected to register a CAGR of 5.7% during the forecast period (2025-2031). The growing prevalence of chronic diseases, rising aging population, increasing health awareness among consumers and initiatives by the government are some of the major factors driving the growth of the Thailand pharmacies and drug stores market.

Market Drivers

Growing prevalence of chronic diseases such as cancer, cardiovascular disorders, diabetes etc., in adults has led to large scale demand for medications from pharmacy retailers in Thailand. Moreover, with technological advancements and improved healthcare infrastructure availability in rural regions is also contributing toward enhanced patients??? access towards better healthcare products & services including pharmaceuticals at affordable prices resulting into boosting sales through retail pharmacy outlets across country. A significant portion of Thailand population comprises elderly people who require regular medication due to several chronic illnesses or age related issues thus enhancing demand for drugs among elderly populace which ultimately leads to increased sale through pharmacies located across country. Furthermore modernization combined with increasing urbanization are influencing lifestyle change amongst population which leads them more inclined towards adopting healthy habits leading to higher requirement for generic medicines from nearest local pharmacists or retail chain store operators.

Challenges of the Market

Strict regulations imposed by government regarding storage & labeling requirements along with quality assurance standards makes it difficult for new entrants to enter into this highly regulated industry thus limiting competition within sector thereby hindering overall business expansion opportunities available in this domain while protecting incumbents from potential disruption caused by new entrants as well as technology driven start ups operating on digital platform shifting entire consumer behavior towards online shopping platforms reducing footfalls inside physical outlet based pharmacists nationwide.

Covid-19 Impact on the Market

The Covid-19 pandemic has had a positive impact on the growth prospects for pharmacies and drug stores throughout Thailand due to an increase in demand for over-the-counter (OTC) medications used to treat flu symptoms associated with Covid-19 virus infection as well as OTC items like detoxification drinks, sanitizers etc.. In addition, strict lockdown measures enforced since onset of pandemic have resulted into shift away from traditional brick & mortar based shop model towards convenience focused home delivery service enabled via digital platform operated by existing players such established brand names like Watson`s Drugstore, Boots Pharmacy, Tops Market Place etc.

Key Players of the Market

Key players operating within the Thailand pharmacy and drug stores market include Watsons Thailand Co Ltd., Roche (Thailand) Limited, BDMS Wellness Clinic Co Ltd., Central Retail Corporation Public Company Ltd., KrungThailand Drug Store PCL, Boots Group (Thailand) Co Ltd., CP Pharmaceuticals Co Ltd., B Braun Medical (Thailand) PCL, Lawman Pharmacy Chain Co. LTD among others.

Key Highlights of the Report:

• Thailand Pharmacies and Drug Stores Market Outlook
• Market Size of Thailand Pharmacies and Drug Stores Market, 2024
• Forecast of Thailand Pharmacies and Drug Stores Market, 2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Revenues & Volume for the Period 2021-2031
• Thailand Pharmacies and Drug Stores Market Trend Evolution
• Thailand Pharmacies and Drug Stores Market Drivers and Challenges
• Thailand Pharmacies and Drug Stores Price Trends
• Thailand Pharmacies and Drug Stores Porter's Five Forces
• Thailand Pharmacies and Drug Stores Industry Life Cycle
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Drug Type for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Prescription Drugs for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By OTC Drugs for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By ?Community Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Hospital Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Clinical Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Industrial Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Compounding Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Consulting Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Ambulatory Care Pharmacy for the Period 2021-2031
• Historical Data and Forecast of Thailand Pharmacies and Drug Stores Market Revenues & Volume By Others for the Period 2021-2031
• Thailand Pharmacies and Drug Stores Import Export Trade Statistics
• Market Opportunity Assessment By Drug Type
• Market Opportunity Assessment By Type
• Thailand Pharmacies and Drug Stores Top Companies Market Share
• Thailand Pharmacies and Drug Stores Competitive Benchmarking By Technical and Operational Parameters
• Thailand Pharmacies and Drug Stores Company Profiles
• Thailand Pharmacies and Drug Stores Key Strategic Recommendations