What is the Scope of PCD Pharma Distribution Business in India?

The pharmaceutical industry is growing rapidly across the globe and so is the pharmaceutical distribution business. It involves the purchase of medicines from a reputed manufacturer or a big supplier, storing them in the warehouse safely, and then distributing them to various pharmacies and drug stores as per the requirements.

1. The scope of this business module is quite great in India. In 2017, our country was the number one provider of generic medicines, worldwide. PCD pharma distribution aided people to gain access to these medicines on time, thus saving lives. This shows the need and popularity of the PCD pharma distribution business.

2. Currently, India holds a prominent position in the world pharmaceutical industry. In our country pharmaceutical supplies and products are formulated as per WHO/ISO, and GMP guidelines. In 2020, the Indian pharma industry will see a meteoric growth rate due to the consistent development in medical technology and health insurance coverage.

3. Moreover, several SMEs have shown interest in this business model due to the following reasons:

• Monopoly rights for selling of pharmaceutical products in the chosen area
• It involves the lowest amount of risk with more returns
• Consistent support from flourished pharma parent company
• Independence in taking almost every business decision
• Less investment is required to gain legal rights
• A chance to do business in the evergrowing pharmaceutical sector
• Better growth rate and fast networking results
• No pressure in achieving monthly sales objective

All of this shows that the PCD pharma distribution business will thrive in India in the years to come. The demand for medicines will never waiver and many pharmaceutical companies will need more and more PCD Pharma Distributors to grow and expand. If you are interested to invest in this segment, now is the right time.For more information on how to become a PCD Pharma Distributor,