By 2030, it is anticipated that the Thailand nutrition and supplements market will reach a value of $xx Mn from $xx Mn in 2022, growing at a CAGR of xx% during 2022-2030. The market is primarily dominated by local players such as Bio Rich Group, BBI Healthcare, and Win Health Products. To get a detailed report, contact us at - info@insights10.com
2. This report presents a strategic analysis of the Thailand Nutritional
Supplements Market and a forecast for its development in the medium
and long term. It provides a comprehensive overview of the market value,
dynamics, segmentation, main players, growth and demand drivers,
challenges & future outlook, etc. This is one of the most comprehensive
reports about the Thailand Nutritional Supplements Market, and offers
unmatched value, accuracy, and expert insights
3. 3
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
Report Scope
Report Attribute Details
Number of Pages 70-80
Base Year for Estimation 2022
Forecast Period 2023-2030
Report Coverage
Market Overview, Revenue Forecast, Market Segmentation, Growth Factors and Trends,
Competitive Landscape, Key Company Profiles, Government Policies, Regulatory Landscape,
Reimbursement Scenario
Quantitative Units Revenue in USD Million/Billion (Mn/Bn)
Research Approach Secondary Research (60%), Primary Research (40%)
Click on the icon to know the detailed methodology
4. 4
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
Table of Content
CONTENT PG. NO.
1. Nutritional Supplements Overview 12-25
1.1. Overview
1.2. Thailand Overview
1.3. Economic Overview: Thailand
1.4. Nutritional Supplements Market in Thailand
1.5. OTC and Nutraceuticals Market in Thailand
1.6. Healthcare Scenario in Thailand
1.7. Health Insurance Coverage: Thailand
1.8. Budget of the Government for Public Insurance
1.9. Mergers and Acquisitions
2. Market Size and Forecasting 26-32
2.1 Market size and forecasts (Excel and Methodology)
13. 13
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.1 Statistics at a Glance: The Scenario of Nutritional Supplements in the World
Scope of Nutritional Supplements ▪ Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪ In this section you will get an
understanding of the topic, which includes
the prevalence of the disease, the
application of medical devices, new
technology, and other details related to the
topic
▪ In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
$62
millennials spend
over $62 per
purchase for
vitamins and
supplements
59 Mn
Americans spend their money
on supplements, herbs, and
vitamins
$30 Bn
are spent out of pocket on
nutritional supplements in
America
34.8%
North America is the
largest continental market
for nutritional
supplements
8.9%
is the growth rate
for the nutritional
supplements
market
30.8%
vitamins account for 30.8% of
the total market
14. 14
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.1 Statistics at a Glance: The Scenario of Nutritional Supplements in the World
(continued)
North America
~ Market Size of
$XX Bn
Europe
~Revenue to reach
$XX Bn by 2027
Asia
-Fastest CAGR
Africa
~Market Size of
$XX Bn
Egypt Market
~$XX Mn Market
Illustrative
15. 15
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.2 Thailand Overview
71.6 Mn
Is the population of
Thailand, in 2022
41
Is the median age
in Thailand, in 2022
$506 Mn
Is the Gross
Domestic Product
(GDP) in Thailand in
2021
$305
per capita was the
amount of national
health expenditures in
2021
▪ Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪ In this section you will get an
understanding of the demographics of the
country/region, which includes the
population, GDP, healthcare expenditure
and other details related to the topic
▪ In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
16. 16
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.3 Economic Overview: Thailand
XX
XX
2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2023F
Population of Thailand, (2020-2030)
XX
XX
2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2023F
GDP of Thailand, (2020-2030)
Population Split (2023)
55-64
0-14
15-24
25-54
65+
Male
49%
Female
51%
By Age Group
By Gender
▪ In this section you will get an understanding of the demographics
of the country/region, which includes the population, GDP,
healthcare expenditure and other details related to the topic
▪ In order to obtain access to all of the information that you are
seeking, you will need to purchase the final report
▪ Final report will be comprehensive and detailed, and it will
include data, analysis, trends, and other relevant information
related to the topic or subject matter of interest
Illustrative
17. 17
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.4 Statistics at a Glance: The Scenario of Nutritional Supplements in Thailand
Scope of Nutritional Supplements
▪ Please be aware that this sample report
is intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the
final report
▪ In this section you will get an
understanding of the topic, which
includes the prevalence of the disease,
the application of medical devices, new
technology, and other details related to
the topic in Thailand
▪ In order to obtain access to all of the
information that you are seeking, you
will need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data,
analysis, trends, and other relevant
information related to the topic or
subject matter of interest
66%
of the citizens of
Thailand stated that
they took
supplements for
improving the
immune system
58%
of the respondents in
Thailand use nutritional
supplements according to a
survey
$23 Mn
of vitamins and
supplements were
exported by
Thailand in 2021
15%-100%
of nutrient levels must be
maintained by nutritional
supplements as per Thai
Recommended Daily Intake
18. 18
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.5 OTC and Nutraceuticals in Thailand
XX
2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Thailand OTC and Nutraceuticals Market Forecast, 2022-2030 (in $Bn)
▪ Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be
presented in the final report
▪ In this section you will get an understanding of the overall OTC and Nutraceuticals market in Thailand, which includes the market size,
current trends and other details related to the topic
▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report
▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or
subject matter of interest
Illustrative
19. 19
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.6 Healthcare Scenario in Thailand
Nutritional Supplements Drug Development Process: The process of developing a Nutritional Supplements drug is complex and involves
many stages, from preclinical research to clinical trials to regulatory approval. Here is a simplified diagram of the Nutritional Supplements drug
development process:
o Preclinical Research: Researchers identify potential drug candidates and test them in the lab
o Phase 1 Clinical Trials: Small studies are conducted to test the safety and dosage of the drug in humans
o Phase 2 Clinical Trials: Larger studies are conducted to test the effectiveness of the drug in treating Nutritional Supplements
o Phase 3 Clinical Trials: Even larger studies are conducted to compare the new drug to standard treatments and evaluate its safety and
effectiveness
o Regulatory Approval: The drug is reviewed by regulatory agencies such as the FDA and approved for use in the US market
Fast Track
▪ Fast track is a process designed to facilitate the development, and expedite the review of drugs to treat
serious conditions and fill an unmet medical need
Breakthrough
Therapy
▪ A process designed to expedite the development and review of drugs which may demonstrate substantial
improvement over available therapy
Accelerated
Approval
▪ These regulations allowed drugs for serious conditions that filled an unmet medical need to be approved
based on a surrogate endpoint
Priority Review ▪ A Priority Review designation means FDA’s goal is to take action on an application within 6 months
FDA has developed several approaches to making drugs available as quickly as possible, while still ensuring their safety and
effectiveness. Here are four of these approaches:
Illustrative
20. 20
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.6 Healthcare Scenario: Patient Journey
Presentation Diagnosis Treatment Follow up
A suspected diagnosis is
usually made, based on
physical examination and
detailed patient and family
history
Prenatal screening/
Neonatal screening
Initial Diagnosis
Complete blood count
(evaluate number &
quality of RBCs, Hb &
WBCs)
Imaging (confirm bone
related changes or
respiratory problems)
Bacterial cultures of
blood, sputum, urine,
stool (detect any
infection)
Genetic testing (detect
the type of SCD)
Confirmatory Diagnosis
Prevention and management of
crisis:
• For VOC and Splenic
Sequestration: HU, Endari,
Adakveo, Oxbryta
• For infections: Antibiotics,
Vaccines
Prevention and management of
complications:
• Stroke: Chronic transfusions, HU
• Long term follow-up is required for
patients with SCD
• Annual assessment: CBC and
reticulocyte count, iron status, liver
and renal function tests, urinalysis,
LDH, vitamin D level and
neurocognitive assessment
• ESOD (End Stage Organ Damage)
evaluation starting from age 7
• Yearly Transcranial Doppler test to
determine risk of stroke
Stakeholders
PCP, paediatrician,
neonatologist,
haematologist and genetic
counsellor
PCP, pediatrician, medical geneticist,
hematologist, gynecologist and pathologist
PCP, pediatrician, medical geneticist,
cardiologist, hematologist,
endocrinologist, psychologist and
psychiatrist
PCP, pediatrician, neonatologist,
endocrinologist, cardiologist,
hematologist, orthopedist, psychologist
and psychiatrist
Depending on the organ complications,
the treatment involves different
specialists at different times
Illustrative
21. 21
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.7 Health Insurance Coverage: Thailand
1.0
18.9
18.4
35.7
2.5
3.5
10.2
54.3
66.0
91.7
8.3
VA and CHAMPVA
Medicaid
Medicare
Any public plan
TRICARE
Marketplace
Direct-purchase
Employment-based
Any private plan
With health insurance
Uninsured
▪ In 2021, most people (91.7%) had health insurance coverage at some point during 2021 and 8.3 % of people were uninsured for the entire
calendar year
▪ More people had private health insurance (66%) than public coverage (35.7%)
▪ Employer-based insurance was the most common subtype of health insurance in the civilian, noninstitutionalized population (54.3%),
followed by Medicaid (18.9%), Medicare (18.4%), direct-purchase insurance (10.2%), TRICARE (2.5%), and VA and CHAMPVA health care
(1%)
Coverage Type 2020 2021 Change %
Total 327,521 328,074
Any health plan 299,230 300,887 0.4
Any private plan 217,896 216,366 –0.6
Employment-based 178,737 178,285 –0.2
Direct-purchase 33,869 33,555 –0.1
Marketplace coverage 10,924 11,389 0.1
TRICARE 9,165 8,299 –0.3
Any public plan 112,925 117,095 1.2
Medicare 58,541 60,226 0.5
Medicaid 58,778 61,940 0.9
VA and CHAMPVA 2,967 3,151 0.1
Uninsured 28,291 27,187 –0.4
% of People by Type of Health Insurance Coverage
(2021)
Number of People By Health Insurance Coverage
Illustrative
22. 22
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.8 Budget of Thailand Government for Public Insurance
Proposed Budget By Category
Outlays 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2022-31
In Billions Of Dollars
Medicare $769 $709 $766 $841 $840 $947 $1,014 $1,085 $1,227 $1,178 $1,325 $1,412 $10,633
Medicaid $458 $521 $571 $582 $616 $645 $674 $698 $734 $768 $801 $837 $6,926
As % Of GDP
Medicare 3.7% 3.2% 3.3% 3.4% 3.3% 3.6% 3.7% 3.8% 4.1% 3.8% 4.1% 4.2% 3.7%
Medicaid 2.2% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4% 2.4% 2.5% 2.5% 2.5% 2.5% 2.4%
▪ National Health Expenditures (NHE) grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of Gross Domestic Product (GDP)
▪ Medicare spending grew 8.4% to $900.8 billion in 2021, or 21% of total NHE
▪ Medicaid spending grew 9.2% to $734.0 billion in 2021, or 17% of total NHE
▪ Private health insurance spending grew 5.8% to $1,211.4 billion in 2021, or 28% of total NHE
▪ Out of pocket spending grew 10.4% to $433.2 billion in 2021, or 10% of total NHE
▪ Other Third Party Payers and Programs and Public Health Activity spending declined 20.7% in 2021 to $596.6 billion, or 14% of total NHE
▪ Hospital expenditures grew 4.4% to $1,323.9 billion in 2021, slower than the 6.2% growth in 2020
▪ Physician and clinical services expenditures grew 5.6% to $864.6 billion in 2021, slower growth than the 6.6% in 2020
▪ Prescription drug spending increased 7.8% to $378.0 billion in 2021, faster than the 3.7% growth in 2020
▪ Largest shares of total health spending were sponsored by the federal government (34%) and the households (27%). The private business share of health
spending accounted for 17% of total health care spending, state and local governments accounted for 15%, and other private revenues accounted for 7%
Illustrative
23. 23
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.9 Mergers and Acquisitions
$6.0
$7.7
$10.5
$16.7
$6.8
$11.7
1H 2020 2H 2020 1H 2021 2H 2021 1H 2022 2H 2022
82
112 107 107
89
110
1H 2020 2H 2020 1H 2021 2H 2021 1H 2022 2H 2022
57% of the total deal volume are done by strategic buyers and the rest 43% are done by financial buyers in 2020
RCM M&A Deal Value Trend ($Bn) RCM M&A Deal Volume Trend
Buyer Composition: Strategic Vs Financial (2020)
59%
41% 41%
59% 58%
42%
61%
39%
$0- $25 $25-$50 $50-$100 $100+
Strategic Buyers
Financial Buyers
Buyer Type by Deal Size
($Mn)
Illustrative
24. 24
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.9 Mergers and Acquisitions (continued)
Company Name Type
Amount /
Duration
Year Key Pointers
Oracle acquisition of
Cerner
Acquisition $28.3 Bn June, 2022
▪ Oracle’s acquisition of Cerner is big tech’s latest foray into the
healthcare system, promising better outcomes
▪ Oracle acquire Cerner through an all-cash tender offer for $95.00
per share, or approximately $28.3 Bn in equity value
▪ Cerner is a leading provider of digital information systems used
within hospitals and health systems to enable medical
professionals to deliver better healthcare to individual patients
and communities
GSK acquisition of
BELLUS Health
Acquisition $2 Bn April 2023
▪ GSK has acquire BELLUS for US$14.75 per share of common
stock in cash representing an approximate total equity value of
US$2.0 billion
▪ BELLUS is a late-stage biopharmaceutical company working to
better the lives of patients suffering from persistent cough
▪ Acquisition further strengthens specialty medicines and
respiratory pipeline with camlipixant, a highly selective P2X3
antagonist and potential best-in-class treatment for refractory
chronic cough
Latest Deals In Thailand
Illustrative
25. 25
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
1.9 Mergers and Acquisitions (continued)
Company Name Type
Amount /
Duration
Year Key Pointers
Merger March 2023
Merger Jan 2023
Latest Deals In Thailand
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A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
2.1 Market size and forecasts (Excel and Methodology)
XX
XX
2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Thailand Nutritional Supplements Market Forecast, 2022-2030 (in
$Bn)
▪ Please be aware that this sample report
is intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the
final report
▪ In this section you will get an
understanding of the overall Healthcare
Insurance market in Malaysia, which
includes the market size, current trends
and other details related to the topic
▪ In order to obtain access to all of the
information that you are seeking, you
will need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data,
analysis, trends, and other relevant
information related to the topic or
subject matter of interest
Click on the icon to know the
methodology and assumption
2023 2024 2025 2026 2027 2028 2029 2030
Major Markets Patient
(Mn)
2.74 2.82 2.90 2.94 2.98 3.02 3.07 3.12
Thailand Patient Size (Bn) 0.51 0.61 0.68 0.69 0.70 0.71 0.72 0.73
% of US Patients 18.75% 21.70% 23.56% 23.45% 23.42% 23.39% 23.34% 23.45%
Global Market Size (Bn $) 3,620 3,780 3,950 4,128 4,314 4,508 4,711 4,937
Thailand Market Size (Bn
$)
61 74 84 87 91 95 99 106
Illustrative
28. 28
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
2.2 Snapshot of Nutritional Supplements Market Segmentation
▪ In this section you will get an understanding of the segmentations which will cover the Thailand Nutritional Supplements Market
▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report
Product
Sports Nutrition
Fat Burners
Dietary
Supplements
Functional Foods
Consumer Group
Infant
Children
Adults
Pregnant
Geriatric
Formulation
Tablets
Capsules
Powder
Softgels
Liquid
Others
Delivery Channel
Chemists/Pharm
acists
Direct-to-
Consumer Sales
E-commerce
29. 29
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
Thailand Nutritional Supplements Market Share, By Product
(2022)
Sports Nutrition
Fat Burners
Dietary
Supplements
Functional Foods
▪ Sports nutrition market in Thailand is a
significant component of the overall
nutritional supplements market
▪ It has the maximum market share in
Thailand nutritional supplements
market with approximately xx%
▪ Please be aware that this sample report
is intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the
final report
▪ In order to obtain access to all of the
information that you are seeking, you
will need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data,
analysis, trends, and other relevant
information related to the topic or
subject matter of interest
2.2.1 Market Segmentation: By Product
30. 30
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
Thailand Nutritional Supplements Market Share, By Consumer
Group (2022)
Infant
Children
Adults
Pregnant
Geriatric
2.2.2 Market Segmentation: By Consumer Group
▪ Infant market in Thailand is a significant
component of the overall nutritional
supplements market
▪ It has the maximum market share in
Thailand nutritional supplements
market with approximately xx%
▪ Please be aware that this sample report
is intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the
final report
▪ In order to obtain access to all of the
information that you are seeking, you
will need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data,
analysis, trends, and other relevant
information related to the topic or
subject matter of interest
31. 31
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
Thailand Nutritional Supplements Market Share, By Formulation
(2022)
2.2.3 Market Segmentation: By Formulation
▪ Tablets have the maximum market
share in Thailand nutritional
supplements market with approximately
xx%
▪ Please be aware that this sample report
is intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the
final report
▪ In order to obtain access to all of the
information that you are seeking, you
will need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data,
analysis, trends, and other relevant
information related to the topic or
subject matter of interest
Tablets
Capsules
Powder
Softgels
Liquid
Others
32. 32
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
Thailand Nutritional Supplements Market Share, By Delivery
Channel (2022)
2.2.3 Market Segmentation: By Delivery Channel
▪ Chemists/Pharmacists have the
maximum market share in Thailand
nutritional supplements market with
approximately xx%
▪ Please be aware that this sample report
is intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the
final report
▪ In order to obtain access to all of the
information that you are seeking, you
will need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data,
analysis, trends, and other relevant
information related to the topic or
subject matter of interest
Chemists/Pharmacists
Direct-to-Consumer
Sales
E-commerce
34. 34
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
3.1 Market growth drivers
▪ Incidence of Nutritional Supplements is increasing in Thailand, with more
than 1.8 Mn new Nutritional Supplements cases expected to be
diagnosed in 2023
▪ This is driving the demand for Nutritional Supplements treatments and
creating opportunities for growth in the Nutritional Supplements market
▪ Please be aware that this sample report is intended to provide you with a
brief overview of the kind of information and analysis that will be
presented in the final report
▪ In order to obtain access to all of the information that you are seeking,
you will need to purchase the final report
▪ Final report will be comprehensive and detailed, and it will include data,
analysis, trends, and other relevant information related to the topic or
subject matter of interest
2010 2022 2030
3.1.1 Incidence of Nutritional Supplements is increasing in Thailand, with more than 1.8 Mn new Nutritional
Supplements cases expected to be diagnosed in 2023
Incidence of Nutritional Supplements in
Thailand
Illustrative
35. 35
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
3.1 Market growth drivers (continued)
Top countries that are leveraging
technology in their fight against
Nutritional Supplements
United States
Japan
Germany
South Korea
China
United Kingdom
France
Canada
Australia
Israel
Switzerland
Singapore
Sweden
Netherlands
Italy
Spain
Belgium
Denmark
Austria
Norway
3.1.2 Death rate from Nutritional Supplements in Thailand has declined by 31% from 1992 to 2022, largely due to
advances in technology and treatment options
▪ Thailand has a long history of investing in Nutritional
Supplements research and treatment, and as a result, has
become a world leader in the field
▪ IT has a robust healthcare infrastructure, including world-
renowned research institutions, hospitals, and clinics, that
are dedicated to Nutritional Supplements treatment and
research
▪ One of the key factors that has allowed Thailand to stay
ahead in the field of Nutritional Supplements research and
treatment is the high level of investment in Nutritional
Supplements-related research
▪ In order to obtain access to all of the information that you are
seeking, you will need to purchase the final report
▪ Final report will be comprehensive and detailed, and it will
include data, analysis, trends, and other relevant information
related to the topic or subject matter of interest
Illustrative
36. 36
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
3.1 Market growth drivers (continued)
Fundings from government and other
organizations
3.1.3 In 2021, the National Nutritional Supplements Institute (NCI) received $6.4 Bn in funding from Thailand federal
government to support Nutritional Supplements research and training programs
▪ Thailand government provides significant support and
funding for Nutritional Supplements research and treatment,
which is driving innovation and growth in the Nutritional
Supplements market
▪ Please be aware that this sample report is intended to
provide you with a brief overview of the kind of information
and analysis that will be presented in the final report
▪ In order to obtain access to all of the information that you are
seeking, you will need to purchase the final report
▪ Final report will be comprehensive and detailed, and it will
include data, analysis, trends, and other relevant information
related to the topic or subject matter of interest
Source Year Fund ($)
National Nutritional
Supplements
Institute (NCI)
2021 $ 6.4 Bn
Centers for Disease
Control and
Prevention (CDC)
2021 $ 501 Mn
American Nutritional
Supplements Society
(ACS)
2020 $ 150 Mn
Susan G. Komen 2020 $ 98 Mn
Illustrative
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A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
3.2 Market restraints
3.2.1 In 2020, the
average cost of a new
Nutritional Supplements
drug was over $150,000
per year
▪ Nutritional Supplements
treatments can be very
expensive and can lead to
financial burden for patients and
healthcare systems
▪ Cost of Nutritional Supplements
treatment varies depending on
the type of Nutritional
Supplements, stage of Nutritional
Supplements, and treatment
options
3.2.2 Average cost of
developing a new Nutritional
Supplements drug that is
ultimately approved by the
FDA is over $2.6 Bn
▪ Regulatory requirements for
Nutritional Supplements
treatments can be very stringent,
which can slow down the
approval process and limit
access to new treatments
▪ Regulatory bodies, such as
Thailand Food and Drug
Administration (FDA), require
extensive clinical trials and
safety data before approving
new Nutritional Supplements
treatments
3.2.3 Demand for Nutritional
Supplements care is expected to
increase by 42% by 2025, while
the supply of oncologists is only
expected to increase by 28%
▪ There is a shortage of
oncologists in Thailand, which
can limit access to Nutritional
Supplements treatments and
create barriers to growth in the
Nutritional Supplements market
▪ Oncologists are physicians who
specialize in the diagnosis and
treatment of Nutritional
Supplements
▪ With the aging population and
the increasing incidence of
Nutritional Supplements, there is
a growing demand for
oncologists
Our analysis will thoroughly investigate the key restraints that may significantly impact business
operations and growth.
Illustrative
39. 39
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
4.1 Major Market Share
XX
Other
▪ Thailand Nutritional Supplements market is
a highly competitive space, with many
companies developing and marketing
Nutritional Supplements treatments
▪ Some of the top companies in Thailand
Nutritional Supplements market based on
revenue and market share include
▪ In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
Revenue of Major players in Thailand Nutritional
Supplements Market ($ Mn)
Illustrative
40. 40
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
4.2 Key Company Profile
▪ Here is the list of top 10 companies which
will cover in the final report
▪ Each company will have slides for
o Overview
o Key details
o Offerings
o Name of products
o Recent activities/ Press Coverage
o Distribution and Vendor Partners
o Mergers, Acquisitions and
Collaboration
o Financials
▪ If there are specific companies that you
would like to be included in the report,
please let us know via email
▪ In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
1 Mega We Care
3 Herbalife
5 Abhaiherb
7 Venture Life Healthcare
9 Divi’s Nutraceutical
2 Amway
4 Giffarine Skyline Unity
6 Win Health Pharma
8 Vox Nutrition
Matsun Nutrition
10
Key Note:
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A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
4.2.1 Mega We Care
Founded in: 1982
HQ: Thailand
Type: Public
Revenue: $348.7 Mn
Website: www.mega.com
▪ Mega Lifesciences public business limited is actively involved in
ensuring that millions of people have access to high-quality
nutritional and herbal supplements and pharmaceuticals that are
safe and effective
▪ Mega manufactures, markets, sells, and distributes premium
pharmaceutical, nutraceutical, and Fast Moving Consumer Goods
(FMCG) from Thailand to the rest of the globe
▪ Their manufacturing facilities are located in Thailand and Australia
Solutions offered by Mega
➢ Blood Circulation and Memory
➢ Bone and Joint Care
➢ Digestive and Liver Care
➢ Heart Care
➢ Vitamins
Products Indications
NAT C
Immunity booster and Collagen
formation
Livolin Forte Improves liver functioning
Ferrovit For Iron Deficiency Anemia
Vitacap Multivitamins to improve overall health
Ginsomin Wellness formula for men
Key Products Recent Activity / Press Coverage
Mega features in Thailand Stock Exchange’s list of 170 companies for
sustainability practices
Mega features in Forbes Asia’s best under a billion for a second
consecutive year
Mega features in Forbes Asia’s best under a billion 2021
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4.2.1 Mega (continued)
Major Distribution Partners Major Vendor Partners
Partnerships Ecosystem
One of the largest pharmaceutical
distributors in the United States, McKesson
has been a long-standing distribution
partner for Mega
Cardinal Health is a Fortune 500 healthcare
services company that provides
pharmaceutical distribution services to
Mega
It is one of the largest drugstore chains in
the United States and Europe, and its
extensive network of retail locations and
distribution centers make it an important
distribution partner for Mega
A leading healthcare services provider in
Asia, Zuellig Pharma is a distribution
partner for Mega in several Asian countries
One of the largest pharmaceutical
wholesalers in Europe, PHOENIX Group
distributes Mega's products in several
European countries
Mega has been working with SAP, a leading
software company, to develop digital
solutions for its healthcare products
A leading Swiss biotechnology company,
Lonza provides Mega with contract
manufacturing services for the production of
its biologics and pharmaceuticals
Mega has a strategic partnership with
Microsoft to leverage its cloud computing
and AI technologies in the development of
new healthcare products
Thermo Fisher Scientific is a leading
provider of analytical instruments, reagents,
and laboratory services
GE Healthcare provides Mega with
advanced medical imaging and diagnostics
technologies, including CT scanners and
MRI machines
Illustrative
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4.2.1 Mega (continued)
Company Name Type
Amount /
Duration
Year Key Pointers
Lilly
Collaboration - March, 2023
▪ Mega and Lilly will collaborate on the development of Mega
Diagnostics’ Elecsys Amyloid Plasma Panel
▪ Elecsys Amyloid Plasma Panel has demonstrated clinical
performance and is currently undergoing additional investigation
to ensure clinical validation
▪ Once approved, could help healthcare professionals to streamline
the journey to diagnosis for more patients
GenMark Diagnostics
Merger $1.8 Bn March 2021
▪ Mega to acquire GenMark Diagnostics for US$ 24.05 per share
with the expectation to close in the 2nd quarter of 2021
▪ GenMark provides molecular diagnostic tests that are designed to
detect multiple pathogens from a single patient sample
▪ GenMark’s ePlex platform delivers rapid and actionable results so
clinicians can determine the cause of infection and the most
effective treatment, potentially saving lives and alleviating the
healthcare burden
Latest Deals - Mergers and Acquisitions
Illustrative
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XX
2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
4.2.1 Mega (continued)
Revenues ($Bn), 2020-2030
▪ According to Mega's 2020 financial report,
the company had sales of CHF 58.3 Bn
(Swiss Francs) in 2020
▪ This is equivalent to approximately $63.3
Bn USD, based on exchange rates at the
end of 2020
▪ Company's Pharmaceuticals Division
generated sales of CHF 49.9 Bn in 2020,
while the Diagnostics Division generated
sales of CHF 8.4 Bn
▪ Revenue generated by Mega in 2020
reflects the company's continued growth
and success in the healthcare industry
▪ In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
Breakdown of Net Revenue by Segment, 2022
1 2 3 4
Illustrative
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4.2.2 Company 2
Founded in:
HQ:
Type:
Revenue:
Website:
Solutions offered by Company
Drugs Indications
Drugs for
Nutritional
Supplements
Recent Activity / Press Coverage
Illustrative
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A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
4.2.2 Company 2 (continued)
Major Distribution Partners Major Vendor Partners
Partnerships Ecosystem
Illustrative
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4.2.2 Company 2 (continued)
Company Name Type
Amount /
Duration
Year Key Pointers
Latest Deals - Mergers and Acquisitions
Illustrative
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xx xx xx
2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
4.2.2 Company 2 (continued)
Revenues ($Bn), 2020-2030
▪ Please be aware that this sample report is
intended to provide you with a brief
overview of the kind of information and
analysis that will be presented in the final
report
▪ In this section you will the understating of
financial overview of the company, which
includes revenue forecasting, segment
revenue and other key details as per
availability
▪ In order to obtain access to all of the
information that you are seeking, you will
need to purchase the final report
▪ Final report will be comprehensive and
detailed, and it will include data, analysis,
trends, and other relevant information
related to the topic or subject matter of
interest
Breakdown of Net Revenue by Segment, 2022
1 2 3 4
Illustrative
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5.1 Reimbursement Regulation
The reimbursement scenario in the US Nutritional Supplements market is
complex and can vary depending on the specific treatment, setting of care, and
insurance coverage. Here are some key points to consider:
▪ Medicare:
o Medicare is a federal health insurance program for people aged 65 and
older, as well as people with certain disabilities or health conditions
o Medicare covers many Nutritional Supplements treatments, including
chemotherapy, radiation therapy, and some immunotherapies
o However, coverage can be subject to strict guidelines and restrictions,
such as the requirement for prior authorization
▪ Medicaid:
o Medicaid is a joint federal-state program that provides health insurance
for people with low incomes
o Medicaid coverage for Nutritional Supplements treatments can vary by
state, and may be subject to limits on the amount and type of treatment
covered
▪ Private Insurance:
o Private insurance coverage for Nutritional Supplements treatments can
also vary widely depending on the insurer and the specific policy
o Some policies may have high out-of-pocket costs, such as deductibles
and co-pays, while others may have more comprehensive coverage
Medicare and Medicaid together provide
health insurance coverage for more than
4 in 10 Americans
Medicare
17%
Medicaid
and CHIP
21%
Employer-Sponsored
49%
Other Private
3%
Other Public
1%
Uninsured
9%
Health Insurance Coverage, 2022
Illustrative
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5.1 Reimbursement Regulation (continued)
▪ Affordable Care Act:
o Affordable Care Act (ACA) includes provisions to help improve access to Nutritional Supplements treatments by requiring
insurers to cover certain preventive services, including Nutritional Supplements screenings, without co-pays or deductibles
o It also includes protections for people with pre-existing conditions, such as Nutritional Supplements
▪ Reimbursement for New Treatments:
o Reimbursement for new Nutritional Supplements treatments can be a complex and lengthy process, as insurers and
government programs often require evidence of safety and effectiveness before providing coverage
o This can create challenges for companies developing and marketing new treatments
▪ Value-Based Care:
o There is a growing trend towards value-based care, which aims to improve outcomes and lower costs by focusing on the
value of treatments rather than simply the volume of treatments
o Value-based care models can include payment models that tie reimbursement to outcomes or performance metrics
In order to obtain access to all of the information that you are seeking, you will need to purchase the final report
Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the
topic or subject matter of interest
Illustrative
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5.1 Reimbursement Regulation (continued)
Coverage Penetration (% Total Population) Source of Funding
Spend on Healthcare (%of Current Health Expenditure)
Reimbursement Market Trends
Public healthcare coverage is provided by the government and includes programs like
Medicare and Medicaid
Medicare is a federal program that provides healthcare coverage to individuals who
are 65 years of age or older, as well as certain younger people with disabilities
Medicaid is a joint federal-state program that provides healthcare coverage to
individuals with low income and limited resources
▪ Shift towards value-based care has been a significant trend in the US healthcare system, with payers and providers increasingly focused on improving patient
outcomes and reducing costs
▪ This has led to the development of alternative payment models such as accountable care organizations (ACOs) and bundled payment arrangements, which
incentivize providers to deliver high-quality, cost-effective care 38.9%
37.1%
35.6%
32.5%
31.5%
44.0%
46.0%
47.7%
51.0%
51.8%
2017 2018 2019 2020 2021 2022 2023
Government Expenditure
Private Health Insurance
Out of Pocket
Other
NA NA
100% 100% 100% 100% 100%
xx xx xx xx xx
2012 2013 2014 2015 2016
Public Healthcare
Coverage
Private Coverage
6.3% 4.08% 5.1% 3.8% 2.2% 2.4% 3.6% GDP Growth (yoy)
14.7% 11.3% 15.5% 7.5% 4.2% NA NA HC Spend Growth (yoy)
Illustrative
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A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
5.2 Reimbursement Process for Diagnosis of a Disease
The reimbursement process in the US healthcare system can be complex and can vary depending on the type of healthcare service,
the healthcare provider, and the insurance coverage. Here are the general steps involved in the reimbursement process:
▪ Service or Treatment Provided: The healthcare provider performs a service or treatment for the patient
▪ Billing: The healthcare provider submits a claim to the insurance company or other payer, requesting reimbursement for the
service provided
▪ Adjudication: The insurance company or other payer reviews the claim to determine whether it meets the criteria for
reimbursement. This can involve verifying the patient's eligibility, reviewing the treatment provided, and checking for any potential
errors or fraud
▪ Payment: If the claim is approved, the insurance company or other payer reimburses the healthcare provider for the service
provided, based on the negotiated payment rates or fee schedule
▪ Patient Responsibility: Depending on the patient's insurance coverage, they may be responsible for paying a portion of the cost
of the service, such as deductibles, co-payments, or co-insurance
In order to obtain access to all of the information that you are seeking, you will need to purchase the final report
Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the
topic or subject matter of interest
Illustrative
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A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
5.3 Reimbursement Process for Treatment of a Disease
The reimbursement process in the US healthcare system can be complex
and can vary depending on the type of healthcare service, the healthcare
provider, and the insurance coverage. Here are the general steps involved
in the reimbursement process:
▪ Service or Treatment Provided: The healthcare provider performs a
service or treatment for the patient
▪ Billing: The healthcare provider submits a claim to the insurance
company or other payer, requesting reimbursement for the service
provided
▪ Adjudication: The insurance company or other payer reviews the claim
to determine whether it meets the criteria for reimbursement. This can
involve verifying the patient's eligibility, reviewing the treatment
provided, and checking for any potential errors or fraud
▪ Payment: If the claim is approved, the insurance company or other
payer reimburses the healthcare provider for the service provided,
based on the negotiated payment rates or fee schedule
FDA
Private Payers Public Payers
Health Technology Assessment
Payment
Coverage
Coding
Coding depends on availability code while coverage and
payment process decisions are made through an HTA.
Market Authorization
1 3
2
Illustrative
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5.4 Reimbursement Process - Medicare
Medicare
Population Covered
▪ 100% population is covered under this scheme
▪ Citizen’s contribute to this scheme which then earns an interest. There is Basic Healthcare Sum (BHS) cap which limits the maximum contribution to an
individuals Medicare account
Provider Restrictions/
Selection
Services can be claimed from Medicare-approved institutions only (14 public hospitals, 10 private hospitals, 7 public community centers, 1 private community
center and over 100 surgery centers, dialysis centers, colonoscopy centers and screening centers)
Services Covered
▪ Medicines under SDL and MAF Plus can be bought from the money saved in this account
▪ Money can be also be claimed for antiretroviral drugs for HIV, Desferrioxamine drug for treatment of thalassemia and immuno-suppressant drugs for organ
transplant
▪ Money from this account can be used to pay Medishield premiums and Integrated Shield Plan premiums, subject to withdrawal limits
▪ Patients above 65 years of age can claim under Flexi-Medicare and further reduce their out-of-pocket expenses by using up to $200 per patient per year from
their Medicare account
▪ Excluded: Traditional drugs such as Herbal and Ayurveda cannot be claimed from Medicare account; Drugs used for cosmetic purposes such as slimming pills
and hair loss pills cannot be claimed from this account
Level of Coverage/ Assurance
▪ Approved chronic conditions and vaccinations, health screenings as outpatient treatments can be paid with Medicare up to $500 per account per year, however
a cash copayment of 15% is applicable
▪ Inpatient hospitalization, up to $450 per day + surgical limits according to Table of Surgical Procedures
▪ Approved day surgeries up to $300 per day + surgical limits according to Table of Surgical Procedures
▪ Outpatient scans/ diagnostics for Nutritional Supplements up to $600 per year per patient, and up to $300 for other medical conditions
▪ Chemotherapy (includes analgesic medication and suppressive treatments such as neuroendocrine and nuclear medicine treatments) up to $1,200 per month
per patient
▪ Renal dialysis up to $450 per patient per month
▪ Other treatments are also approved with various sub-limits for withdrawal
Mechanism of Coverage
▪ DRG with Activity Based Funding for public providers
▪ Block funding with DRG for providers not covered under ABF
Financial Feasibility ▪ The Basic Healthcare sum has been increased by more than 4.4% in 2017 on account of increasing costs of healthcare. This is an individual account
Illustrative
56. 56
A Sample Report on Thailand Nutritional Supplements Market Analysis I Confidential
5.5 Reimbursement Process - Medicaid
Medicaid
Population Covered
▪ 38% population is covered under this scheme
▪ Medicare covers individuals who are aged 65 and older, as well as those with certain disabilities or end-stage renal disease
Provider Restrictions/
Selection
Services can be claimed from Medicaid-approved institutions only (14 public hospitals, 10 private hospitals, 7 public community centers, 1 private community
center and over 100 surgery centers, dialysis centers, colonoscopy centers and screening centers)
Services Covered
▪ Medicines under SDL and MAF Plus can be bought from the money saved in this account
▪ Money can be also be claimed for antiretroviral drugs for HIV, Desferrioxamine drug for treatment of thalassemia and immuno-suppressant drugs for organ
transplant
▪ Money from this account can be used to pay Medishield premiums and Integrated Shield Plan premiums, subject to withdrawal limits
▪ Patients above 65 years of age can claim under Flexi-Medicaid and further reduce their out-of-pocket expenses by using up to $200 per patient per year from
their Medicaid account
▪ Excluded: Traditional drugs such as Herbal and Ayurveda cannot be claimed from Medicaid account; Drugs used for cosmetic purposes such as slimming pills
and hair loss pills cannot be claimed from this account
Level of Coverage/ Assurance
▪ Approved chronic conditions and vaccinations, health screenings as outpatient treatments can be paid with Medicaid up to $500 per account per year, however
a cash copayment of 15% is applicable
▪ Inpatient hospitalization, up to $450 per day + surgical limits according to Table of Surgical Procedures
▪ Approved day surgeries up to $300 per day + surgical limits according to Table of Surgical Procedures
▪ Outpatient scans/ diagnostics for Nutritional Supplements up to $600 per year per patient, and up to $300 for other medical conditions
▪ Chemotherapy (includes analgesic medication and suppressive treatments such as neuroendocrine and nuclear medicine treatments) up to $1,200 per month
per patient
▪ Renal dialysis up to $450 per patient per month
▪ Other treatments are also approved with various sub-limits for withdrawal
Mechanism of Coverage
▪ DRG with Activity Based Funding for public providers
▪ Block funding with DRG for providers not covered under ABF
Financial Feasibility ▪ The Basic Healthcare sum has been increased by more than 4.4% in 2017 on account of increasing costs of healthcare. This is an individual account
Illustrative
58. Research Methodology
▪ Insights 10’s research methodology delves deeper into the market, covering the macro and micro aspects of the industry. We identify the
key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive
overview of the competitive landscape to help our clients make informed strategic decisions
▪ We implement a mix of primary and secondary research for our market estimate and forecast. The secondary research forms the initial
phase of our study where we conduct extensive data mining, referring to verified data sources such as independent studies, government
and regulatory published material, technical journals, trade magazines, and paid data sources
▪ For forecasting, the following parameters are considered:
❑ Market drivers and restraints along with their current and expected impacts
❑ Technological scenario and expected developments
❑ End use industry trends and dynamics
❑ Trends in the consumer behavior
❑ Regulatory scenario and expected developments
❑ Current capacity and expected capacity additions up to 2030
▪ We assign weights to these parameters and quantify their market impacts using the weighted average analysis to derive the expected
market growth rate
▪ We appoint data triangulation strategies to explore different areas of the market. Our qualitative and quantitative assessments are time-
sensitive, reflecting the most recent value and volume of the market across regions
▪ All our estimates and forecasts are verified through exhaustive primary research with the Key Industry Participants (KIPs)
▪ Currency used in the report is the US dollar (USD), with the market size indicated in USD million/billion (Mn/Bn)
59. Analysis Methodology
Our Analysis Methodology involves three critical stages:
Market Trends
Market Sizing &
Analysis
Data Triangulation &
Validation
Analysis &
Interpretation
Insights
Presentation &
Reporting
Market Data Analysis
& Statistical Model
Interpretation &
Presentation
Secondary
Research
Proprietary
Database
Data
Collection
Primary
Research
60. Data Triangulation & Data Validation
Bottom Up Approach
Summarization of revenue
generated from companies
to arrive at total market size
Revenue generated by products &
services offered by companies
Validation from
Primary Interview
Final
Market
Size
Top Down Approach
Final Market size break up to
rest of segmentation
Arriving at market size
of each segment
Validation from
Primary Interview
Final
Summary
61. Key Benefits for Stakeholders from this Report
Study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent
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Our tools provides stakeholders with a cohesive understanding of the industry outlook, considering the qualitative and
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62. 2022
2023-
2030
Report Attribute
Quantitative Units
Report Coverage
Customized Report
Pricing and purchase
options
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Report Customization (3 to 5 working days)
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Avail customized purchase options to meet
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64. Insights10 is a healthcare focused market
research firm founded with an aim of being an
insights driven company in the data driven world
and delivering actionable insights that can drive
decision and strategy making process for
businesses
www.insights10.com
Lifesciences Market
Research Reports you
can trust
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73. Research Projects Done
Over the years, we have developed an in-depth experience of executing
market analysis at global, regional & country specific level in life sciences.
Our team has
conducted market
research across 62+
global markets in
America, Europe,
Middle East, Africa and
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74. Our Research Process
01 03
02 04 05
Identification of
Data
Collection of
Data
Market
Dynamics
Collaboration
of Data
Verification &
Analysis
75. Statistical Databases
Data
Sources
We have access to multiple highly
reliable free and subscription data
sources. We have many years of
experience to understand which
sources are more dependable for what
and which to prefer for the reliable and
latest information.
Company Websites/Annual Reports
Trade Publications
Online Databases
Published Research Reports
Whitepapers
Press Releases of Key Market Players
76. What kind of data is presented
in our reports?
Our reports present data, which is:
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Covers everything
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You do not have to
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79. Purav is a physician and an entrepreneur
with 12+ years of experience in Healthcare
& Life Sciences industry spanning across
strategy, market access, health informatics
and RWE, digital health, analytics and data
science. Purav studied medicine from
Gujarat University and also completed his
MBA from IIM-Kozhikode. Purav started
his career with Deloitte working on strategy
consulting engagements and also co-
founded ConvergeHealth by Deloitte.
Anish has 15+ years of experience
in management consulting in the
Life Sciences sector, and has
worked with diverse multinational
firms in the US, India, Middle East
and APAC regions. His primary
area of interest is Customer and
Market Strategy, Market Access,
and Digital Health with special
focus on emerging markets like
Africa, Middle East and APAC.
Dr. Purav Gandhi
Founder & CEO
Anish Swaminathan
Director
Leadership Team
Mukesh is an engineering graduate with
an MBA in Marketing. He is a seasoned
healthcare market research & marketing
professional with a progressive
experience of over 20 years in Life
Sciences, Pharma and Medical Device
sectors. With an in-depth understanding
of primary research, he has conducted
hundreds of interviews of various
stakeholders in pharma & healthcare &
completed several research projects
across life sciences industry.
Ritu has over 6 years of experience in
strategy building, market assessments,
market sizing, and RWE for global MNC
healthcare & biopharma clients across diff.
markets (America, Europe, Africa, APAC
and Middle East). Her areas of expertise
include: Indentifying emerging trends in life
sciences industry, Competitor landscape
assessment, Disease opportunity
assessments etc. She is a pro in secondary
and primary research with a deep domain
expertise in healthcare sector.
Mukesh Nayak
Head – Marketing & Research
Ritu Baliya
Engagement Manager