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5 Apr 2024


Drugstores in 2024 are expected to see sales growth of 4.0%, with the market becoming more competitive due to the proliferation of chain stores (Current Issue No.3480)


  • Healthcare spending among Thais is projected to grow steadily at 6.0 percent during 2024, as Thailand is an aged society and there are rising health risks among consumers, thus supporting growth within the drugstore business.
  • KResearch expects that turnover in the drugstore business will reach THB43 billion in 2024, an increase of 4.0 percent YoY. However, competition is projected to intensify amid the proliferation of chain stores, which are expanding their branches to compete for market share with smaller drugstores.