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The Food and Drug Administration (FDA) under the Ministry of Public Health (MOPH) regulates the pharmaceutical sector. The Thai pharmaceutical market was valued at USD 1.32 billion in 2004 and is still growing at a very high rate. Locally produced products occupies 65% of the total market share. Amongst the locally produced domestic drugs, generic products account for 46 % and locally produced international brands account for19 %. Thailand is the only country exporting pharmaceutical products within the ASEAN region.
Drug Classification
Challenge
References
Intellectual Property Rights and Pharmaceuticals: A Thai Perspective on Prices and Technological Capability; Thammasat Economic Journal, Vol.25, No.4., December 2007. Sector Overview: The Pharmaceutical Industry In Thailand; Royal Danish Embassy, Bangkok , June 2006. Essential drugs monitor; Double issue 25 &26, 1998. Mobilization of Domestic Resources for Essential Drugs in Developing Countries: Case Study from Thailand.