India is 7th largest country in terms of area and 2nd in terms Human Population. This gives us an immediate understanding of the large number of people living in India. The population density in India is at 382 persons per square kilometer, in contrast to the average global population of 46. This high population density presents a problem and an potential for the Indian Pharmaceutical Industry.
The Indian Pharmaceutical Industry is comprised of two types of pharma companies which are: Generic/Branded Drug Companies (GDC) and the Propaganda cum Distribution, PCD.
Kinds of Pharma Companies
The generic and brand-named drug companies are the most well-known companies in the Indian Pharma Industry which have their own marketing and distribution networks. They market their products to retailers through C and F agents, and the promotion of their products is managed by their medical representatives.
PCD Pharma Company
When it comes to marketing their medicines through the franchise model pcd pharma franchise company, follow a unique distribution model. Under the Pharma Franchise model, the PCD companies offer their marketing and distribution rights on monopoly basis to their franchise partners for the exclusive use of a specific territory.
In this particular scenario, the products are marketed by the distributor/franchise partner because territory, through offering the new PCD Firm to a variety of medical practitioners in that area. The PCD distributor is accountable for selling the legs. This includes the distribution of merchandise to retailers, collecting payment, offering incentive programs, and placing orders for the items to pcd pharma company.
PCD Pharma companies will instead place their major portion of funds in two areas investing in GMP-certified medications and promotional products for franchise partners. These Pharma businesses are able to manufacture large quantities of merchandise by contract manufacturing or at their own facilities. They maintain stock and provide distributors with immediate supplies according to their needs. In addition that, they generally provide a variety of items so that distributors can select and promote the items that are desired by doctors within their region.
It is a huge investment to open a pcd pharma franchise, as you can purchase a typical batch of 500-1000 boxes a product when you go to contract production. The most effective promotional products are provided by Pharma companies, like Visual Aids, Reminder Cards, MR Bags Reminder Cards, Visiting Cards for Distributor MSs and many more. The PCD Pharma Company is responsible to ensure the high quality of its medicines by signing agreements with the top suppliers that have been certified by WHO/GMP. Since the products are to be promoted locally by PCD distributors It is crucial to PCD Companies to provide very appealing packaging for their vast range of goods.
This is a perfect scenario for both the PCD Company and the PCD Distributor since the pharmaceutical company requires one point of contact with a single party and all other activities are delegated to the distributor.
The PCD Franchise holder has the benefit of having monopoly status. There is no competition in the market to sell the same company's products. He can maintain his prices on the market and also promote in his territory. The margins are extremely high for a pharma distributor which is also a tiny investment.
You can earn huge profits when you buy a PCD Pharma Franchise from a highly regarded Pharma company for a small expenditure and an extremely quick turnaround.