What is Scope of Pharma Franchise Business in India?

What is the scope of the Pharma Franchise business?

Ten years from a starting point on the timeline, the term Pharma Franchise & PCD Pharma wasn’t heard by many of us. But today, the Pharma sector becomes a leading industry domestically and globally. Indian Pharmaceutical Industry is mounting with a CAGR of 15% and is estimated to touch USD 250 billion by 2020.

With the increasing scope of Pharma Franchise business, it is appropriate to say that Pharma Franchise is the backbone of all Pharmaceutical companies. The route of Indian Pharmacy is strong from the past few years due to:

• The rise in middle-class income
• Increase in the number of Aging Population
• Rising Literacy Level
• Improvement in Medical Infrastructure

Thus, the demand for quality and effective pharma products will be high, and in the coming years, the pharma companies will get growth. That shows the future aspects of the PCD Pharma Franchise business are quite good.

Growth of the pharmaceutical industry in India

As per the experts, the Pharma industry has observed many regulatory interventions over the last few years. The Indian pharma industry has been growing at the annual growth rate (CAGR) of more than 15% over the last five years that bring significant growth opportunities. However, the Pharma industry needs to maintain this enormous growth rate till 2020 and also rethink about their business strategy.

Why PCD Pharma Franchise Business has a Wide Career and best business opportunities?

The future of the Pharma industry in India is quite extensive. It is only the particular business sector in India, where you will find ample of career options and pharma business opportunities to establish yourself in the marketplace. If you look at the top of the business hierarchy of the pharmaceutical franchise, then the top is the distributors and wholesalers. They buy the products from the Pharma manufacturers like Venistro, directly in bulk and continue to distribute the products to various channels.

Need to Know the Scope of Pharma Franchise Business in India

The scope of a pharma franchise business covers a good aspect of the medical world which you may not know:

# 1. Scope as a Wholesaler and distributor

If you are looking at the pharma franchise business pyramid, then the distributors and wholesalers are at the top. The wholesaler is the larger version of a retailer or chemist. They buy the products in bulk directly from the manufacturers. They distribute the products further to several channels.

Two types of distribution and wholesaling models are there:

• Single party pharma franchise distributor and wholesaler
• Multiple party pharma franchise distributor and wholesaler

Starting with a single party franchise is a good move. You need comparatively less investment. Once you get sufficient experience, you can put more money and start multiple party distributions.

Several types of wholesalers and distributors are there:

• PCD / Franchise Medicines Distributor
• Medical / Health Supplements /Surgical Distributor
• Unani/ Ayurvedic/ Homeopathic Medicine Distributor
• Supply to Pharmacy Chains
• Over the Counter (OTC) Medicine Distribution
• Chain pharmacy
• Stockists
• Carry and Forwarding agent

# 2. Scope as a Retailer or Chemist

Do you have limited money for starting a business?  And don’t have prior experience.

In this case, you can choose the option of starting the PCD pharma franchise. It is similar to the pharma franchise but requires less investment.

The first option is to choose a retailer business if in short of investment. It is a part of the pharma franchise that is a widely accepted business. The main work is to sell and purchase drugs and medicines, which includes chemists or pharmacists. This is good for individuals and a small group of individuals.

When you decide to take the Pharma franchise, you will have the option for the following:

• Standalone Pharmacy
• Hospital Pharmacy
• Township Pharmacy
• Clinical Pharmacy for other medical centers or professional doctors having clinics
• Internet Pharmacy or Online Pharmacy
• Specialty pharmacies
• Veterinary pharmacies or Animal pharmacies

Choose the right thing and make the appropriate selection of Pharma Company for a franchise. It will bring the best Pharma business opportunities to you in the future. If you are dedicated and hard-working, Venistro, the Best Pharma Company in India is the one looking for you.