The pharmaceutical goods market in Thailand exhibited fluctuating growth from 2012 to 2022. Notable growth spurts occurred in 2012 (12.69%) and 2013 (19.01%), but the trend saw periods of decline, notably in 2015 (-4.38%) and 2019 (-16.26%). The years 2017 and 2018 showed recovery, with growth rates of 12% and 8.81%, respectively. The market value peaked in 2018, afterward experiencing volatility, with 2021 showing a significant uplift of 11.78%. Yet, 2022 witnessed a downturn of -8.37%, indicating market instability.
Future trends to watch for:
- Technological advancements in pharmaceutical manufacturing.
- Increased government spending on healthcare.
- Rising demand for personalized medicine.
- Impact of regulatory changes and trade policies.
| # | 41 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3,945,000,000 | 2023 | +1.25% | +1.12% | View data |
| 2 | 2 Germany | 3,201,100,000 | 2023 | -1.13% | -2.07% | View data |
| 3 | 3 France | 2,232,000,000 | 2023 | -2.43% | -2.05% | View data |
| 4 | 4 Italy | 1,865,500,000 | 2023 | -1.63% | -2.55% | View data |
| 5 | 5 United Kingdom | 1,766,700,000 | 2023 | -1.52% | -0.63% | View data |
| 15 | 15 Israel | 336,000,000 | 2023 | +5.08% | +5.85% | View data |
| 16 | 16 Chile | 315,210,000 | 2023 | +1.22% | +0.45% | View data |
| 17 | 17 Thailand | 262,440,000 | 2023 | +1.61% | -0.61% | |
| 18 | 18 Norway | 239,850,000 | 2023 | -0.08% | -0.53% | View data |
| 19 | 19 Sweden | 231,300,000 | 2023 | -3.98% | -3.55% | View data |
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