THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46441

Wholesale of pharmaceutical and medical goods

ประกอบกิจการค้า ยา ยารักษาโรค เภสัชภัณฑ์ เคมีภัณฑ์ เครื่องมือแพทย์ เครื่องมือเครื่องใช้ทางวิทยาศาสตร์ ปุ๋ย ยาปราบศัตรูพืช ยาบำรุงพืชและสัตว์ทุกชนิด

What this activity covers

Wholesale of pharmaceutical products and medical goods, including equipment and traditional medicine.

  • Pharmaceutical Products — Wholesale of drugs, chemicals, and herbal medicines
  • Medical Equipment — Wholesale of medical tools and instruments
  • Traditional Medicine — Wholesale of herbs and spices for Thai medicine
  • First Aid Supplies — Wholesale of wound dressings and first aid kits
  • Birth Control Products — Wholesale of external chemical products for birth control

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Dietary Supplements — Trade in health supplements and medical foods
  • Medical IT Systems — Trade in IT systems related to medical equipment
  • Pharmacy Operations — Retail pharmacy services and consultations

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

7,278
active companies operate here
฿76.2Bregistered capital, combined
฿590.8B
Sector revenue · 2025
+16% since 2023
฿18.6B
Net profit · 2025
2,933 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
10%of new registered capital is foreign-held
฿66.5M foreign฿616.4M Thai

Largely domestic, with some foreign investment.

3 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

358-33.5%

registrations, YTD

Registered capital

฿76.2B+1.3%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1DKSH (Thailand) Co., Ltd.intl฿122.6B
  2. 2Sillic Pharma Co., Ltd.฿111.1B
  3. 3Amway (Thailand) Co., Ltd.intl฿15.2B
  4. 4Procter & Gamble Trading (Thailand) Co., Ltd.intl฿13.0B
  5. 5Abbott Laboratories Co., Ltd.฿11.4B

Largest by registered capital

  1. 1InnoBic (Asia) Co., Ltd.Bangkok฿13.6B
  2. 2JOHNSON & JOHNSON MEDTECH (THAILAND) COMPANY LIMITEDintlBangkok฿2.2B
  3. 3Charoen Pokphand In-Ex Co., Ltd.Bangkok฿1.9B

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

3,441
Registered
since 2022
3,102
Still active
339
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2019peak 983 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand