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 & Generic
Drugs)” provides a
comprehensive analysis on the performance of the pharmacy retail industry in
Thailand. The report covers various aspects including number of pharmacies,
revenue, trends & developments, issues & challenges faced by the
industry, competition landscape, telemedicine players and others. Thailand
pharmacy retail market report concludes with projections for future of the
industry including forecasted revenue by 2025, market segmentations, COVID-19
impact and analysts’ take on the future.
Thailand
Pharmacy Retail Market Overview and Size:
Volatile growth was observed within
Thailand pharmacy retail market as multiple pharmacy stores closed due to the
non-compliance of GPP standards required by the FDA. However, closure of
pharmacy outlets resulted in higher customer footfall in other pharmacies;
hence a lower revenue growth rate was recorded in the year 2019. The market was
observed in growth stage owing to growing intensity of competition among the
retail pharmacies in the market in terms of wide product offering and value
added services. Franchise model has become quite popular with new chains
adapting to this model for faster store expansion. Moreover, collaboration
between state hospitals and small chains has helped patients being treated
under “UHC” alongside growth of pharmacy stores. Change in population structure
i.e. transition to the Thai aging society has led to surge in drugs (including
dietary supplements) demanded towards chronic diseases such as hypertension,
diabetes and others. The market is booming owing to rising number of cases of
NCDs, online pharmacy services, increasing government health expenditure and
other growth drivers.
Thailand
Pharmacy Retail Market Segmentation
By Market
Structure (Organized and Unorganized Market):
The unorganized segment dominated in
terms of revenue as well as basis number of pharmacy stores in Thailand during
2019. The particular segment is competitively positioned in OTC, Generics &
Health Supplements & generally do not provide home delivery services.
On the other hand, the organized
segment has established strong presence across all the regions in Thailand that
resulted in higher footfall of customers at these outlets. In addition,
organized chains have mobile applications, higher brand value, strong presence,
and higher product listings & provide home delivery services.
By Product
Categories (Prescribed Medicines, OTC, Non-Pharmaceuticals and Medical
Equipment): Prescribed drugs dominated the market in
terms of revenue in 2019 largely due to the higher price / margins involved.
Among the other product categories, OTC & Non-Pharmaceutical products were
consistently growing in terms of revenue share. Medical equipment captured the
least revenue share.
By Drug Type
(Generic and Patented Drugs): Generics Drugs within Thailand
dominated in terms of revenue as it has high consumption volume alongside
rising government healthcare schemes to increase patient purchasing power in
the country. Whereas, patented drugs on the other hand are ailment specific.
By Therapeutic
Class (Cardiovascular, Anti-Infective, Pain / Analgesics, Respiratory, Vitamins
/ Minerals / Nutrients, Anti Biotic, Gastrointestinal, Gynecology, Neuro,
Oncology, Ophthalmology and Others): Cardiovascular
class dominated the market in terms of revenue in 2019 majorly due to surge in
Heart Failure (HF) risk factors such as obesity, hypertension & diabetes,
related to changing lifestyle; followed
by Anti-infective segment.
By Region /
Cities (Bangkok, Central, South, Northeast, North, Eastern, and Western): Bangkok and its
vicinity captured the second highest number of pharmacy retail outlets (central
region being the first) during 2019. However, in terms of revenues Bangkok
region dominated majorly due to higher customer footfall & average basket
size towards medicines in the particular region.
Comparative
Landscape of Thailand Pharmacy Retail Market
Competition stage within retail
pharmacy industry has become highly fragmented with numerous unorganized chain
brands present across almost every region. On the other hand, penetration of
organized space is increasing over the years with top five players including
Watsons Thailand, Boots Thailand, and Pure Pharmacy by Big C, Fascino
Drugstores and Save Drug. The players in the industry compete on the basis of
parameters such as Number of Pharmacy Stores, Geographical Presence, Brand
Recognition, and Partnerships with Telemedicine & E-Prescription Providers,
product portfolio, online deliveries & Other Value Added Services.
Thailand
Pharmacy Market Future Outlook & Projections
With growing ageing population, the
number of people that are affected by chronic NCDs, especially hypertension
will affect almost half of the elderly population in Thailand & less
commonly, diabetes, heart disease, stroke & cancer thus, driving the demand
from retail pharmacy chain in the near future. Increasing customer footfalls
along with growth in tele-medicine for online consultations and home delivery
services will drive industry growth over long term.
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: -
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
No comments:
Post a Comment