The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Thailand Pharmacy Retail Market Industry (2024-2030):

According to the latest report, the Thailand Pharmacy Retail Market size is expected to exhibit a growth rate (CAGR) of around 3.2% during the forecast period, i.e., 2024-2030. The report demonstrates the prominent factors propelling the exponential growth of the Thailand Pharmacy Retail Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 3.2%

What are the major Driver the Thailand Pharmacy Retail Market industry?

Rising Consumer Demand for Telemedicine Companies Offering Online Consultations – The growth of the Thailand Pharmacy Retail Market is propelled by increasing customer footfalls, coupled with a surge in telemedicine players offering online consultations. As healthcare awareness rises and access to medical services becomes more convenient, consumers increasingly seek out pharmacies for their healthcare needs. Pharmacies serve as accessible points of contact for obtaining medications, health products, and professional advice.

Additionally, the proliferation of telemedicine platforms in Thailand has expanded access to healthcare services, allowing patients to consult with healthcare professionals remotely. This trend complements traditional pharmacy services by providing convenience & accessibility, especially for individuals with mobility issues or those residing in remote areas. Pharmacies are capitalizing on this trend by partnering with telemedicine providers, offering medication delivery services, and integrating digital platforms to enhance customer experiences.

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Thailand Pharmacy Retail Market Segmentation

The Thailand Pharmacy Retail Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Market Structure
• Organized- (Market Size & Forecast 2019-2030, (USD Million)
• Unorganized- (Market Size & Forecast 2019-2030, (USD Million)
• By Type
• Online- (Market Size & Forecast 2019-2030, (USD Million)
• Offline- (Market Size & Forecast 2019-2030, (USD Million)
• By Product Category
• Medical Equipment- (Market Size & Forecast 2019-2030, (USD Million)
• Non-pharmaceutical Products- (Market Size & Forecast 2019-2030, (USD Million)
• Prescribed Drugs- (Market Size & Forecast 2019-2030, (USD Million)
• Medical Devices- (Market Size & Forecast 2019-2030, (USD Million)
• Baby Care Products- (Market Size & Forecast 2019-2030, (USD Million)
• Personal Care & Hygiene Products- (Market Size & Forecast 2019-2030, (USD Million)
• Others (First Aid Supplies, Orthopedic Support, etc.)- (Market Size & Forecast 2019-2030, (USD Million)
• By Drug Type
• Generics- (Market Size & Forecast 2019-2030, (USD Million)
• Over-the-Counter (OTC)- (Market Size & Forecast 2019-2030, (USD Million)
• Patented- (Market Size & Forecast 2019-2030, (USD Million)
• By Region
• Central
• Northeast
• North
• South           

As per the regional aspect, the Thailand Pharmacy Retail Market is expected to be dominated by Thailand by capturing the potential market share. 

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Top Companies in the Thailand Pharmacy Retail Market

Arin Care Co. Ltd., The Boots Company PLC, Ranbaxy Co. Ltd., 7Eleven, Tops Online, Boots Retail (Thailand) Co, Ltd., Walgreen Boots Alliance, Drug Care Co. Ltd., Others

Thailand Pharmacy Retail Industry Recent Development:

• 2022: Walgreens Boots Alliance, Inc. declared that it has started a registered public offering of 10 million shares of AmerisourceBergen Corporation (NYSE: ABC) common stock. Concurrently, AmerisourceBergen is repurchasing approximately USD 500 million worth of shares, contingent upon the offering's completion.

• 2022: 7Eleven approached public-private partnerships with Thailand’s Digital Government Development Agency to develop 68 digital services in 7-Eleven stores. This service was provided by the Thai government to allow their citizens to do anything from checking for child support subsidies to obtaining driving license information online by completing KYC verification checks on the 7Eleven website.

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