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What is making Pharma Business Harder and Tougher with Time?

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Starting a pharmaceutical business may sound very exciting, and it is actually, but there are many challenges in the path as well. Here you know the factors that becoming pharma business tougher and harder with time. – PowerPoint PPT presentation

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Title: What is making Pharma Business Harder and Tougher with Time?


1
WHAT IS MAKING PHARMA BUSINESS HARDER AND TOUGHER
WITH TIME?
2
WHAT IS MAKING PHARMA BUSINESS HARDER AND TOUGHER
WITH TIME?
3
FACTORS THAT BECOMING PHARMA BUSINESS TOUGHER AND
HARDER WITH TIME Starting a pharmaceutical
business may sound very exciting, and it is
actually. However, there are many challenges in
the path as well. The heat of the low margin is
the biggest one. Yes, it is not a much-known fact
for those who look at the business from
outside. Pharma business is a low margin business
nowadays.  Gone are the days when high MRP and
high-profit margin were the signature
characteristics of it. With the introduction of
Drug Price and Control Order 2013, the things
have changed. With every passing year, more and
more drugs are trapping in the net of DPCO
making the life of pharmaceutical companies
tougher. Do you think, it is the only thing that
is acting as a stumbling block? No, there are
several other hurdles as well.
4
STARTING A NEW PHARMA BUSINESS IS LIKE WALKING ON
THE ROPE You must be a daredevil if you decide
about launching a new pharma industry after
knowing the different aspects making it difficult
terrain.
  • Changes happening in the export market put a
    tremendous burden on Indian companies. Take the
    US as an example where the recent price control
    has put Indian companies under tremendous
    pressure. India exports generic medicines to the
    USA, and the profit margins are pretty high. Now
    it is not possible to maintain that
    profitability. Since Export is one of the biggest
    sources of income, the things have become
    difficult now.
  • Another troublemaker aspect is high competition.
    Daily new companies are emerging in the market,
    and every day new people visit physicians and
    medical stores for recommending their products.
    Since the competition is cutthroat,
    representatives use all possible means to win the
    deal. It is needless to say that fair and unfair,
    all practices prevail. Those who cant tolerate
    with unethical means are forced to exit from the
    scene. Therefore, pharmaceutical companies find
    it a tough game.

5
  • New and new rules and regulations are being
    introduced every year as the sector gets matured
    and structured. It is not an exception situation
    with pharmaceutical sector. Every sector faces it
    during the evolution. Experts say that still a
    long way to go as far as standardization is
    concerned. Indian pharmaceutical market will be
    in top-three within next five years. However, it
    doesnt comply with the international standards.
    As efforts will be made to make it standardize
    further, the situation will be further difficult.
  • International pressures on pricing are
    increasing. As importers know that there is a
    room for a price reduction, they are constantly
    putting pressures. It is not possible to resist
    such pressures in the modern world where
    everything is transparent. When big companies
    find it impossible to maintain profitability by
    exporting the material, they will explore the
    possibility in the domestic market. It will put
    pressure on medium and small-scale industries.
  • Online pharmacy is the new business concept. It
    will become further popular in the coming times
    and trouble established companies.

6
  • Thus, running a pharma company becomes hard and
    tough with time.
  • If you are looking for top PCD pharma companies
    in India then Progressive Life Care is a best PCD
    pharma company in Ahmedabad located in Gujarat.
    We offer pharmaceutical franchise with
    extraordinary marketing support.
  • Read More Articles
  • How to Export Pharmaceutical Products and
    Medicines from India?
  • Which is the best pharma company for PCD
    franchise?

7
CONTACT US
  • Mob No- 9824382041 /
  • 9824443968
  • E-Mail- progressivelifecare_at_gmail.com
  • progressivelifecare_at_yahoo.com
  • Timing- Mon Sat and Sunday Closed
  • (Between 11.00 am to 6.00 pm)

Website- www.progressivelifecare.com
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