Matej Mikulic
Research expert covering health, pharma & medtech
Pharmaceutical market in Thailand - statistics & facts
With a market value of around 225 billion Thai baht, Thailand’s pharmaceutical market is among the largest in Southeast Asia. The consistent rise in health expenditure underscores the growing importance of the healthcare sector in Thailand's economy. Its Universal Health Coverage scheme has made medicines more affordable and accessible to the public, contributing to the rising market value of pharmaceuticals in Thailand. The government has also reintroduced strategic plans to develop Thailand into a global medical hub to attract foreign patients and medical tourists.
