The list of Pharmaceutical companies in Thailand will continue on their positive growth course since efforts are being made to reform the regulatory procedures for registering innovative medicines, helping Thailand to attract more foreign investment into its domestic pharmaceutical industry.
However, given the comparatively low affordability and poor access to healthcare, the market will primarily be suitable for generic manufacturers
Thailand is one of the leading pharmaceutical markets in Southeast Asia. The universal health insurance system has made medicines more affordable and accessible to all citizens and has contributed to the increase in sales in the medicines market in Thailand.
The government has also presented a strategic plan to develop Thailand as the medical hub in Asia to attract foreign patients and medical tourists. This is expected to contribute to the healthcare industry including the pharmaceutical market.
List of Pharmaceutical Industry Performance in Thailand
From 2013 to 2018, pharmaceutical sales in Thailand grew at an average of 4.5% per year. Although many of the pharmaceutical manufacturing sites are concentrated in developed economies, there were still 144 Good Manufacturing Practices (GMP) standardized pharmaceutical manufacturing sites in Thailand.
With available resources, pharmaceutical manufacturing in Thailand has generated more than 75 billion Thai baht worth of medicines in the country in recent years.
In terms of distribution, there were about 14,000 pharmacies in the country excluding hospitals. These pharmacies were one of the most important types of drug distribution channels. In 2019, however, around fifth thousand pharmacies have been closed to not fulfill the GMP standards.
Strengths of the Pharmaceutical industry in Thailand
- The establishment of a universal healthcare system leads to better access to healthcare.
- Strong growth in the hospital sector, reflecting the continuous modernization of the healthcare industry.
- The significant growth potential of the pharmaceutical market, is heavily dependent on government interest in pharmaceutical sector development.
- Government policies to reduce the cost of medicines by encouraging a switch to generics.
Weaknesses
- Low drug expenditure per capita.
- A high number of counterfeit and parallel imported medicines in the country.
- Uncertain price regulation and weak intellectual property protection.
- The government’s reimbursement policy for medicines is heavily biased towards local medicine manufacturers and excludes many modern medicines.
Best list of Pharmaceutical companies in Thailand
Here is the contact information of some pharmaceutical companies operating in Thailand:
- A.N.B. LABORATORIES COMPANY LIMITED
Address: 39/1 Moo 9 Ram Intra Road KHAN NA YAO, Bangkok, 10230 Thailand
Phone: +66-25100021
Website: click here
Year Started: 1961
Incorporated: 1961
- BANGKOK LAB & COSMETIC COMPANY LIMITED
Address: 48/1 Moo 5 Nong Chaesao Road MUANG, Ratchaburi, 70000 Thailand
Phone: +66-32719900
Website: click here
Year Started: 1992
Incorporated: 1992
- BAXTER MANUFACTURING (THAILAND) COMPANY LIMITED
Address: 7/398 Moo 6 PLUAK DAENG, Rayong, 21140 Thailand
Phone: +66-38929928
Website: visit here
Year Started: 2012
Incorporated: 2012
- BEIERSDORF (THAILAND) COMPANY LIMITED
Address: 98 North Sathorn Road 6th and 7th Floor, Sathorn Square Office Tower BANG RAK, Bangkok, 10500 Thailand l
Phone: +66-28208000
Website: click here
Year Started: 1972
Incorporated: 1972
- BERLIN PHARMACEUTICAL INDUSTRY COMPANY LIMITED
Address: 359 Charoenkrung Road POM PRAP SATTRU, Bangkok, 10100 Thailand
Phone: +66-22524650
Website: visit
Year Started: 1984
Incorporated: 1984
- BERTRAM (1958) COMPANY LIMITED
Address: 37 Soi Ladprao 80 (Chantima), Ladprao Road WANG THONG LANG, Bangkok, 10310 Thailand
Phone: +66-29327051
Year Started: 1981
Incorporated: 1981
- BETTER PHARMA COMPANY LIMITED
Address: 323 Moo 6, Vibhavadi Rangsit Road Betagro Tower LAK SI, Bangkok, 10210 Thailand
Phone: +66-28338000
Year Started: 1978
Incorporated: 1978
- BIOLAB COMPANY LIMITED
Address: 55 Sukhumvit Road Soi Phrompong VADHANA, Bangkok, 10110 Thailand
Phone: +66-27093121
Year Started: 1981
Incorporated: 1981
- BIOMEDIA (THAILAND) COMPANY LIMITED
Address: 55/5 Moo 10, Soi Watphrangoen Kanjapapisek Road BANG YAI, Nonthaburi, 11140 Thailand
Phone: +66-24437262
Website: click here
Year Started: 2003
Incorporated: 2003
- BIONET-ASIA COMPANY LIMITED
Address: 19 Soi Udomsuk 37, Sukhumvit 103 Road PHRA KHANONG, Bangkok, 10260 Thailand
Phone: +66-23618110
Website: visit
Year Started: 2001
Incorporated: 2001
- B.L. HUA & COMPANY LIMITED
Address: 2 Somdet Chaophraya Road Soi Sitthikasem KHLONG SAN, Bangkok, 10600 Thailand
Phone: +66-24370154
Website: click here
Year Started: 1947
Incorporated: 1947
- BOSS PHARMACARE COMPANY LIMITED
Address: 79 Suksawat Road 1st-2nd, Floor, Chiemchan Building RAT BURANA, Bangkok, 10140 Thailand
Phone: +66-24270020
Website: visit here
Year Started: 1956
Incorporated: 1956
- BURAPHA DISPENSARY COMPANY LIMITED
Address: 20 Soi Ngam Wong Wan 6 Yeak 3 Soi Thianthale 8 MUANG, Nonthaburi, 11000 Thailand
Phone: +66-25802780
Year Started: 1985
Incorporated: 1985
- DOD BIOTECH COMPANY LIMITED
Address: 111 Moo 2 MUANG, Samut Sakhon, 74000 Thailand
Phone: +66-34446333
Year Started: 2011
Incorporated: 2017
- F.C.P. COMPANY LIMITED
Address: 45 Moo 4 MUANG, Chachoengsao, 24000 Thailand l
Phone: +66-38086868
Website: visit
Year Started: 1996
Incorporated: 1996
- GIFFARINE SKYLINE LABORATORY AND HEALTH CARE COMPANY LIMITED
Address: 222/1-3 Moo 13 KHLONG LUANG, Pathum Thani, 12120 Thailand
Phone: +66-28349222
Website: visit here
Year Started: 2001
Incorporated: 2001
- GOLDEN CUP PHARMACEUTICAL COMPANY LIMITED
Address: 28/9 Moo 4 BANG YAI, Nonthaburi, 11140 Thailand
Phone: +66-21918751
Year Started: 1950
Incorporated: 1950
- GOLD MINTS PRODUCTS COMPANY LIMITED
Address: 248/1 Soi Sopon, Alongside Express Way Road Bangna, Bangkok, 10260 Thailand
Phone: +66-23992494
Year Started: 1989
Incorporated: 1989
- INTERTHAI PHARMACEUTICAL MANUFACTURING LIMITED
Address: 1899 Phahon Yothin Road CHATUCHAK, Bangkok, 10900 Thailand
Phone: +66-29412992
Year Started: 1996
Incorporated: 1996
- JACK CHIA INDUSTRIES (THAILAND) PUBLIC COMPANY LIMITED
Address: 144/1-2 Sri Bamphen Road YAN NAWA, Bangkok, 10120 Thailand
Phone: +66-22490231
Website: visit
Revenue: $26.06 million
Year Started: 1966
Incorporated: 1993
- KAWASUMI LABORATORIES (THAILAND) COMPANY LIMITED
Address: 55/26 Moo 13, Phahon Yothin Road KM.46 Nava Nakorn Industrial Zone KHLONG LUANG, Pathum Thani, 12120 Thailand
Phone: +66-25292620
Year Started: 1978
Incorporated: 1978
- LONZA (THAILAND) COMPANY LIMITED
Address: 159 Sukhumvit 21 (Asoke) Road 18th Floor, Serm-Mit Tower WATTANA, Bangkok, 10110 Thailand
Phone: +66-22603810
Year Started: 1983
Incorporated: 1983
- MEGA LIFESCIENCES PUBLIC COMPANY LIMITED
Address: 384 Moo 4, Soi 6, Pattana 3 Road Bangpoo Industrial Estate MUANG, Samut Prakan, 10280 Thailand
Phone: +66-24018686
Website: visit here
Revenue: $414.52 million
Year Started: 1982
Incorporated: 2013
- MICROBIOTEC COMPANY LIMITED
Address: 75 Soi Pracha Niwet 3 Soi 8/3 Yaek 12 MUANG, Nonthaburi, 11000 Thailand
Phone: +66-25897388
Website: visit here
Year Started: 1991
Incorporated: 1991
- M & H MANUFACTURING COMPANY LIMITED
Address: 41 Sukhumvit Road MUANG, Samut Prakan, 10270 Thailand
Phone: +66-27538730
Year Started: 1959
Incorporated: 1959
- MILLIMED COMPANY LIMITED
Address: 193 Moo 1 Suk Sawat Road PHRA SAMUT CHEDI, Samut Prakan, 10290 Thailand
Year Started: 2000
Incorporated: 2000
- NOVA ORGANIC COMPANY LIMITED
Address: 190/4 Moo 8 PHRA SAMUT CHEDI, Samut Prakan, 10290 Thailand
Phone: +66-24171130
Year Started: 2012
Incorporated: 2013
- OLIC (THAILAND) LIMITED
Address: 166 Moo 16, Udomsorayuth Road Bangpa-In Industrial Estate BANG PA-IN, Phra Nakhon Si Ayutthaya, 13160 Thailand
Phone: +66-35221031
Website: click here
Year Started: 1961 Incorporated: 1961
- PAN RAJDHEVEE GROUP PUBLIC COMPANY LIMITED
Address: 50/234-275 Moo 3 LAM LUK KA, Pathum Thani, 12150 Thailand
Phone: +66-25778888
Year Started: 1994
Incorporated: 2004
- POWER SHOT COMPANY LIMITED
Address: 25 South Sathorn Road SATHON, Bangkok, 10120 Thailand
Phone: +66-20268979
Website: click here
Year Started: 2019 Incorporated: 2019
- RECKITT BENCKISER HEALTHCARE MANUFACTURING (THAILAND) COMPANY LIMITED
Address: 65 Moo 12, Lat Krabang-Bang Phli Road BANG PHLI, Samut Prakan, 10540 Thailand
Phone: +66-23373621
Year Started: 1977
Incorporated: 1977
- THAI MEIJI PHARMACEUTICAL COMPANY LIMITED
Address: 37 Soi Chalongkrung 31, Chalongkrung Road Ladkrabang Industrial Estate LAT KRABANG, Bangkok, 10520 Thailand
Phone: +66-23260750
Website: visit here
Year Started: 1979
Incorporated: 1979
- THAI NAKORN PATANA COMPANY LIMITED
Address: 14 Soi Ngamwongwan 8, Ngamwongwan Road MUANG, Nonthaburi, 11000 Thailand
Phone: +66-25559999
Website: click here
Year Started: 1976
Incorporated: 1976
- THAI OTSUKA PHARMACEUTICAL COMPANY LIMITED
Address: 323 Silom Road 15th Floor, Room 1501-1502, United Center Building BANG RAK, Bangkok, 10500 Thailand
Phone: +66-24019560
Website: click here
Year Started: 1973
Incorporated: 1973
- THE GOVERNMENT PHARMACEUTICAL ORGANIZATION
Address: 75/1 Rama VI Road RATCHATHEWI, Bangkok, 10400 Thailand
Phone: +66-22038000
Website: visit
Year Started: 1966
Incorporated: 1966
- THE MEDIC PHARMA COMPANY LIMITED
Address: 450 Rama II Road Soi Rama II Soi 50 BANG KHUN THIAN, Bangkok, 10150 Thailand
Phone: +66-20248635
Year Started: 1971
Incorporated: 1971
- MAN PHARMA COMPANY LIMITED
Address: 63 Ratchadaphisek(Thaphra – Taksin) Road Soi Ratchadaphisek 14/1 3 Floor THON BURI, Bangkok, 10600 Thailand
Phone: +66-24151007
Website: visit here
Year Started: 1975
Incorporated: 2011
- T.O. CHEMICALS (1979) LIMITED
Address: 280,280/1-11,280/14-16 Soi Sabaijai, Sutthisan Winitchai Road HUAI KHWANG, Bangkok, 10310 Thailand
Phone: +66-22756053
Website: click here
Year Started: 1979
Incorporated: 1979
- UNISON LABORATORIES COMPANY LIMITED
Address: 39 Moo 4 MUANG, Chachoengsao, 24000 Thailand
Phone: +66-38564931
Year Started: 1956
Incorporated: 1956
- VITA COMPANY LIMITED
Address: 22 Soi Sukhumvit 42, Sukhumvit Road Klong Toei, Bangkok, 10110 Thailand
Phone: +66-23902061
Website: visit here
Year Started: 1975
Incorporated: 1975
- ZAGRO (THAILAND) LIMITED
Address: 6/6 Moo 4 Rangsit-Nakornnayok Road THANYABURI, Pathum Thani, 12130 Thailand
Year Started: 1987
Incorporated: 1987
Frequently Asked Questions about the list of the pharmaceutical companies in Thailand
- How many pharmaceutical companies are there in Thailand?
While many of the pharmaceutical manufacturing sites are concentrated in developed economies, there were still 144 good manufacturing practices (GMP) standardized pharmaceutical manufacturing sites in Thailand.
- What are some leading domestic pharmaceutical companies in Thailand?
Some of the leading pharmaceutical companies in Thailand according to their revenue (in million U.S. dollars) are:
- Pfizer 288 million dollars
- GSK 261 million dollars
- MSD 246 million dollars
- Novartis 222 million dollars
- Roche 201 million dollars
- Siam Bioscience 169 million dollars
- Sanofi Aventis 164 million dollars
- Berlin Pharm 149 million dollars
- Takeda 140 million dollars
- Sandoz 125 million dollar
- What is the procedural structure when issuing licenses for the distribution of a medicinal product in Thailand?
Companies and individuals wishing to market a drug must:
- Obtain a license from the FDA to manufacture, sell or import drugs domestically for sale in Thailand. The license must be renewed every year and is valid from January 1st. until 31st Dec of every year. The licensee who obtains a manufacturing license or an import license is also entitled to sell its manufactured or imported medicines, but only wholesale (Article 15 of the Medicines Act).
- After receiving the import license, obtain a permit to import drug samples.
- Submit a complete regulatory submission, including samples, to the FDA for review and registration. The marketing authorization for each product must also be renewed.
- What are the Different Categories of Drugs for Distribution?
Under the Medicines Act, there are three main categories of medicines:
- Common home remedies, which are equivalent to over-the-counter (OTC) medicines. Products in this category can be sold without a prescription and do not require a pharmacist. are sold by parties other than retail pharmacies, distributors, and wholesalers as these products do not require a license to sell. For example, a supermarket or supermarket may sell common home remedies, such as acetaminophen 500 mg in packs of 4 or 10, simethicone, normal saline, aluminum hydroxide tablets, oral rehydration salts (ORS), etc licensed practitioners such as a doctor, dentist, nurse, veterinarian or pharmacist.
- Dangerous medicines can be sold without a prescription, but only a pharmacist should dispense them. Most medicines in Thailand fall into this category.
- Specially controlled medicines, which can have potentially harmful effects if misused, are only available by prescription. Also, some specially controlled drugs are only available in hospitals.
Conclusion
Thailand’s pharmaceutical market has grown significantly in recent years due to impressive developments in the public health system.
Limited state drug coverage and a shortage of physicians are, however, currently restraining the market.
In 2019, Thailand’s pharmaceutical market was valued at US$5.9 billion. In 2020, forecasts show that the market could grow by 4.5% and reach a value of USD 6.4 billion. The market will reach a value of USD 6,900 million, and will experience a compound annual growth rate (CAGR) of 3.1%.
Thailand represents a significant growth opportunity for multinational pharmaceutical companies looking to expand their presence in the emerging markets of the Asia-Pacific region.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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