The pharmaceutical sector is one of the most lucrative sectors in India. The industry is currently valued at Rs 1,915 crore and is expected to grow at a CAGR of 15-20%. The Indian pharma sector is characterized by the presence of both private and public players, with the private sector accounting for over 60% of the market. The key growth drivers for the sector include:
A large population that is increasingly aware of the need for good healthcare and the efficacy of drugs
– rising healthcare spending by both individuals and corporates
– an increasing geriatric population
– growth in medical tourism
– a burgeoning middle class
What is the Pharma franchise?
Pharma franchise is a type of business venture in the pharmaceutical industry wherein a third party, who is not directly involved in the manufacture or sale of drugs, forms a partnership with a pharma company to market and sell their drugs. In return, the pharma company provides training and support to the franchisee. Pharma franchising is popular in India because it offers low investment and high returns opportunities. To become a pharma franchise, you need to have a minimum investment of Rs. 5-10 lakhs.
What is PCD pharma franchise?
PCD pharma franchise is a business opportunity for aspiring entrepreneurs to start their own pharmaceutical distribution business with hardly any investment. It is one of the most lucrative and low-investment businesses in India. PCD pharma franchisee enjoys various benefits such as monopoly rights in the given territory, excellent product support and marketing assistance from the parent company, and so on. To get started, the applicant needs to have a valid drug license and should be registered with the Drug Controller General of India (DCGI).
The benefits of doing pharma franchise business
There are several benefits of starting a pharma franchise business. The foremost is that it is a low-investment business. All you need is a small amount of money to get started, and you can easily run the business from home. You also have the potential to make a good income, as the pharma franchise business is growing rapidly in India. Additionally, you get the benefit of proven business models and support from the franchisor. This ensures that you get off to a successful start and continue to grow your business in the future.
Investment Required to Start a Pharma Franchise
Franchise opportunities are aplenty in the pharma space. But before you invest, it is important to understand the investment required for a pharma franchise. The investment required ranges from as low as Rs. 20,000 to as high as Rs. 1 crore, depending on the company you choose to franchise with and the kind of products you wish to market. It is also important to do your research and find a company that is credible and has a good track record. With the right planning and due diligence, starting your own pharma franchise can be a lucrative move!
Conclusion:
The Indian pharmaceutical industry is one of the most rapidly growing industries in the country. There is great potential for growth and expansion in this sector, making it an attractive option for those looking to start their own business. However, investment is required to get started in the pharma franchise business in India. The amount of investment required varies depending on the type of franchise you choose to invest in. But, with proper planning and execution, the investment is sure to be worth it.
