Thailand Pharmaceuticals & Healthcare Report

Published 29 July 2015

  • 115 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Thailand Pharmaceuticals & Healthcare Report

BMI View: Thailand's medical system will see a transformation. This comes as there is a growing divergence between the three healthcare schemes in the country in terms of cost as well as healthcare outcomes. In addition, the economy has taken a much stronger precedence under the new military government which will curtail additional funding towards Thailand's healthcare programmes despite the schemes' growing financial constraints. This change could have negative ramifications for drugmakers and healthcare providers - especially should the shift be towards a central agency that negotiates prices for all three programmes.

Headline Expenditure Projections

  • Pharmaceuticals: THB145.5bn (USD4.5bn) in 2014 to THB152.9bn (USD4.6bn) in 2015; +5.1% in local currency terms and +2.7% in US dollar terms.

  • Healthcare: THB581.7bn (USD17.9bn) in 2014 to THB621.3bn (USD18.6bn) in 2015: +6.8% in local currency and +4.3% in US dollar terms.

Risk/Reward Index

In Q415, Thailand remains ranked roughly in the middle of the Pharmaceutical RRI table that assesses the attractiveness of the 19 countries in the Asia Pacific region. This is because while Thailand remains relatively attractive to pharmaceutical investors with its growing pharmaceutical sector, its overall score is dragged down by the risks, including low levels of patent protection that is imposed on drugmakers. As such it scores 16.3 out of a total of 35 on its risk score, significantly below the regional average of 19.5.

Key Trends & Developments

  • In May 2015, Thailand's Prime Minister Prayut Chain-cha instructed the ministries in charge of public health and commerce to set standard median prices for medical care at private hospitals. Critically, authorities are to ensure that the difference in prices between the private healthcare providers and public hospitals do not remain too large.

  • In June 2015, Thailand reported its first confirmed case of the Middle East respiratory syndrome (MERS). This prompted the...

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Pharmaceutical Market Forecast
15
Table: Pharmaceutical Sales, Historical Data And Forecasts (Thailand 2011-2019)
17
Healthcare Market Forecast
17
Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Thailand 2011-2019)
19
Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Thailand 2011-2019)
20
Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Thailand 2011-2019)
20
Prescription Drug Market Forecast
20
Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Thailand 2011-2019)
22
Patented Drug Market Forecast
22
Table: Patented Drug Market Indicators, Historical Data And Forecasts (Thailand 2011-2019)
24
Generic Drug Market Forecast
24
Table: Generic Drug Market Indicators, Historical Data And Forecasts (Thailand 2011-2019)
26
OTC Medicine Market Forecast
26
Table: Over-The-Counter (OTC) Medicine Market Indicators, Historical Data And Forecasts (Thailand 2011-2019)
28
Pharmaceutical Trade Forecast
28
Table: Pharmaceutical Trade Data And Forecasts (Thailand 2013-2019)
31
Table: Pharmaceutical Trade Data And Forecasts local currency (Thailand 2013-2019)
31
Key Risks To BMI's Forecast Scenario
32
Macroeconomic Forecasts
33
Economic Analysis
33
Table: Economic Activity (Thailand 2010-2019)
35
Pharmaceuticals And Healthcare Risk/Reward Index
36
Asia Pacific Risk/Reward - Q4 2015
36
Thailand Risk/Reward Index
42
Rewards
42
Risks
42
Market Overview
44
Industry Trends And Developments
45
Epidemiology
45
Table: Estimated Number Of New Cases Of Cancer In Thailand
48
Healthcare System
48
Healthcare Insurance
49
Table: Major Health Insurance Programmes In Thailand
50
Recent Health Insurance Developments
51
Table: Healthcare Resources (Thailand 2009-2014)
53
Table: Healthcare Personnel (Thailand 2009-2014)
53
Table: Healthcare Activity (Thailand 2009-2014)
54
Medical Tourism
54
Research And Development (R&D)
57
Biosimilars
59
Clinical Trials
59
Regulatory Development
61
Regulatory Regime
61
Regulatory Development
62
Regional Harmonisation
63
Intellectual Property Regime
64
IP Developments
64
Pricing
65
Table: Price Build-Up Of Medicines In Thailand
66
Reimbursement
66
Competitive Landscape
68
Research Based Industry
68
Table: PReMA Members
68
Recent Pharmaceutical Industry Developments
69
Domestic Pharmaceutical Industry
69
Table: Pharmaceutical Manufacturers Of Modern Drugs, 2007-2012
70
Pharmaceutical Wholesale
70
Pharmaceutical Retail
71
Company Profile
74
Berlin Pharmaceutical Industry
74
Biolab
77
GlaxoSmithKline
79
Government Pharmaceutical Organisation
82
Merck & Co
86
Novartis
89
Pfizer
92
Sanofi
96
Siam Pharmaceutical
99
Thai Meiji Pharmaceutical Company
101
Demographic Forecast
103
Table: Population Headline Indicators (Thailand 1990-2025)
104
Table: Key Population Ratios (Thailand 1990-2025)
104
Table: Urban/Rural Population & Life Expectancy (Thailand 1990-2025)
105
Table: Population By Age Group (Thailand 1990-2025)
105
Table: Population By Age Group % (Thailand 1990-2025)
106
Glossary
108
Methodology
110
Pharmaceutical Expenditure Forecast Model
110
Healthcare Expenditure Forecast Model
110
Notes On Methodology
111
Risk/Reward Index Methodology
112
Index Overview
113
Table: Pharmaceutical Risk/Reward Index Indicators
113
Indicator Weightings
114

The Thailand Pharmaceuticals & Healthcare Report features BMI Research's forecasts for drugs and healthcare expenditure and imports and exports, focusing on the growth outlook for the prescription, OTC, patented drugs and generics market segments.

BMI's Thailand Pharmaceuticals & Healthcare Report provides industry professionals, strategists, company executives, investors, analysts and sales/marketing heads with independent forecasts and competitive intelligence on the Thailand pharmaceutical and healthcare industry.

Key Benefits

  • Benchmark BMI's pharmaceutical and healthcare market forecasts for Thailand, to test other views - a key input for successful budgeting and strategic business planning in the Thai pharmaceutical and healthcare market.
  • Target business opportunities and risks in the Thai pharmaceutical and healthcare sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Thailand.
  • Assess the activities, strategy and market position of your competitors using our company profiles (including SWOTs, KPIs and latest activity) and competitive landscape tables.

Coverage

BMI Industry View

An at-a-glance perspective on the latest regulatory developments, key forecast indicators and major corporate developments, covering the prescription, OTC and generics markets. The pharmaceuticals and healthcare SWOT outlines strategic factors that affect the basic assumptions underpinning BMI’s forecast analysis, and taken together with BMI’s political, economic and business environment SWOTs, it gives a complete overview of market climate.

BMI Industry Forecast Scenario

Industry forecasts to end-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Healthcare: Total healthcare expenditure (USDbn), healthcare expenditure (% of GDP), healthcare expenditure per capita (USD), hospital beds, doctors, and birth & mortality rates (all per ‘000 population).
  • Pharmaceutical Market: Drug expenditure in USDbn, % of GDP and per capita (USD).
  • Patented Drug Market: Prescription drug sales (USDbn & % of total sales).
  • Generic Drug Market: Generic product sales (USDbn), generic sales (% of total sales).
  • OTC Drug Market: OTC sales (USDbn & % of total sales).
  • Macroeconomic Forecasts: Nominal and real GDP, % real GDP growth, % private consumption growth, % industrial output growth, % consumer price index, % GDP price deflator, exports, imports, trade balance, current account balance, foreign direct investment, exchange rate against USD, government expenditure and external debt.

BMI’s Pharmaceuticals and Healthcare Risk Reward Index

BMI’s Risk Reward Index provides investors (both national and multinational) looking for opportunities in the region with a clear country-comparative assessment of the market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Summary

A snapshot of key market characteristics, including total size of the pharmaceuticals and healthcare segments, growth drivers, leading therapeutic areas and the competitive landscape

Industry Developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Regulatory Regime

Details of the industry regulatory framework and key legislation covering the licensing of new products/services, pricing and reimbursements, intellectual property, taxation and advertising, as well as analysis of the overall regulatory burden.

Competitive Landscape

The competitive landscape section provides comparative company analyses and index by USD sales and % share of total sales – for the total pharmaceutical sector, as well as the OTC, generics and distribution sub-sectors.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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