Thailand Active Pharmaceutical Ingredients Market Size & Outlook
Thailand active pharmaceutical ingredients market, 2018-2030 (US$M)
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Thailand active pharmaceutical ingredients market highlights
- The Thailand active pharmaceutical ingredients market generated a revenue of USD 620.8 million in 2023 and is expected to reach USD 1,027.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, synthetic was the largest revenue generating type of synthesis in 2023.
- Biotech is the most lucrative type of synthesis segment registering the fastest growth during the forecast period.
Active pharmaceutical ingredients market data book summary
| Market revenue in 2023 | USD 620.8 million |
| Market revenue in 2030 | USD 1,027.8 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Biotech |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Synthetic, Biotech |
| Key market players worldwide | Dr. Reddy’s Laboratories, Sun Pharmaceutical Industries, Teva Pharmaceutical Industries Ltd, Cipla Ltd DR, AbbVie Inc, Aurobindo Pharma, Sandoz Group AG Registered Shares, Viatris Inc, Fresenius Kabi |
Other key industry trends
- In terms of revenue, Thailand accounted for 0.3% of the global active pharmaceutical ingredients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China active pharmaceutical ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 30,904.4 million by 2030.
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Active Pharmaceutical Ingredients Market Scope
Active Pharmaceutical Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand active pharmaceutical ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to active pharmaceutical ingredients market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 69.57% in 2023. Horizon Databook has segmented the Thailand active pharmaceutical ingredients market based on synthetic, biotech covering the revenue growth of each sub-segment from 2018 to 2030.
The pharmaceutical industry in Thailand is one of the leading markets in Southeast Asia. The growth of the pharmaceuticals market in Thailand is mainly due to the availability of the Universal Health Coverage scheme, which has made drugs more cost-effective and affordable.
In addition, strategic initiatives undertaken by the government to develop the country into a medical hub of Asia to attract foreign patients and medical tourists are some of the prominent factors contributing to market growth.
Thailand’s medical tourists account for about 38% of the overall medical tourism in Asia, which is growing at a rate of 16%. This can be attributed to the presence of the largest private hospital group with well equipped & advanced medical facilities and around 50% to 75% cheaper medical services than in countries such as the U.S.
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Our clientele includes a mix of active pharmaceutical ingredients market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand active pharmaceutical ingredients market , including forecasts for subscribers. This country databook contains high-level insights into Thailand active pharmaceutical ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand active pharmaceutical ingredients market size, by type of synthesis, 2018-2030 (US$M)
Thailand Active Pharmaceutical Ingredients Market Outlook Share, 2023 & 2030 (US$M)
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