Pharma – STIC

Pharma Sector

The pharmaceutical industry in Thailand and ASEAN is entering a golden era, fueled by an aging population, rising incomes, expanded healthcare coverage, and strong government support for medical innovation. Thailand’s strategic initiatives like the “Thailand 4.0” economic model prioritize becoming a medical hub for Asia, with major investments in pharmaceutical manufacturing, biotech, and research and development. ASEAN’s combined market offers a population of over 650 million, creating vast demand for medicines, vaccines, and healthcare solutions. For foreign businesses, this is the perfect time to enter — whether through manufacturing, R&D collaborations, or distribution. However, navigating regulatory approvals, intellectual property protections, and local partnerships is critical for success. STIC’s team brings deep industry insight, strong local networks, and regulatory expertise to help foreign pharma companies thrive. Whether you're looking to set up production facilities, clinical research units, or regional headquarters, STIC ensures you hit the ground running in Southeast Asia’s vibrant pharma market.

How STIC can help your business

Comprehensive Industry Expertise

STIC specializes in a diverse range of sectors, including Mining, Energy, Pharmacy, Manufacturing, and Government Affairs, providing tailored solutions to meet the specific needs of each industry. This deep expertise ensures clients receive targeted advice and support for successful operations in Bangkok and beyond.

Proven Track Record

With a team which has years of experience assisting foreign businesses in establishing operations in Thailand, STIC has a proven record of navigating the complexities of local regulations, cultural nuances, and market entry strategies, ensuring seamless business setup and growth.

Strong Local Networks

STIC boasts established relationships with key stakeholders, including government agencies, regulatory bodies, and industry leaders. This extensive network enables clients to access valuable resources, accelerate processes, and build connections critical to their success in Thailand.

End-to-End Support Services

From market entry strategy and regulatory compliance to operational setup and ongoing business management, STIC provides a one-stop solution for foreign businesses. This comprehensive approach allows clients to focus on their core operations while STIC handles the complexities of establishing a presence in Bangkok.

Success stories of foreign companies in Thailand

Guardian Glass

One of the world’s leading glass manufacturers

Guardian Glass, a global leader in energy-efficient glass for buildings and automotive sectors, has been operating in Thailand since 1991. In 2019, the company chose Bangkok for its Asia-Pacific regional headquarters, attracted by Thailand's welcoming environment for foreign investors, a growing domestic economy, and strategic location for global exports. This move enhanced Guardian Glass's operational efficiency in the region and bolstered its reputation as a committed and forward-thinking industry leader.

Alliance Laundry Systems

An industry leader in Laundry Systems

In 2019, Alliance Laundry Systems, a leading global manufacturer of commercial laundry equipment, inaugurated a state-of-the-art manufacturing facility in Thailand's Eastern Economic Corridor (EEC). The decision was influenced by the advanced transportation infrastructure in the EEC, attractive investment incentives, and Thailand's strong intellectual property protections. Establishing operations in Bangkok allowed Alliance Laundry Systems to optimize its supply chain in Asia, reduce production costs, and strengthen its reputation for delivering high-quality products efficiently.

Are you planning to start overseas operations?

68 %

Success Due to In-Depth Research

A 2018 report by Hanover Research found that 68% of companies that increased sales utilized market research to achieve this growth.

$ 4 million

Losses caused by Lack of Compliance

On average, businesses lose about $4 million due to a single non-compliance event.

22 %

Success Due to Sound Marketing Strategy

Effective marketing strategies are crucial for business success. Conversely, 22% of startups fail due to not implementing the correct marketing strategies.

42 %

Businesses planning overseas operations

A 2021 survey by INS Global revealed that 42%of companies in the U.S., U.K., France, and Germany considered their best growth opportunities to be outside their domestic markets