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What Makes a Pharmaceutical Franchise Company in India a Profitable Choice Today

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The medicinal industry in India has become one of the strongest markets used in the world with more than 20 percent of the global generic medicines supply. The most brilliant business decision in this rapidly developing sector could be business wise selection of the Pharmaceutical Franchise Company in India, which guarantees calculated growth with a controlled investment. 

A pharma franchise model is no longer a business today but a sure path towards long-term security, credibility and growth.


The Pharma Franchise Model: Why it is so good today

The franchise will enable the partners to sell quality pharmaceutical products on a brand that has been established without necessarily establishing elaborate manufacturing plants. This eradicates the need to invest heavily on capital and it removes the operational difficulties.
Why the model is successful now
• Reduced risk on the financial front than independent pharma ventures.
• By 2026, it is estimated that the pharma market in India will be USD 65 billion.
• Growing demand of specialized and general medicines within Tier-II and Tier-III cities.
• Increased understanding of health and prevention medicines.
One thing is evident in this rush; franchise partners have a golden opportunity to establish a profitable business with a reliable support.


Availability to Quality Assured and Regulatory-Compliant Products

The access to a stable amount of quality-tested, DCGI-approved formulations is one of the main benefits of the right pharma franchise partner. A trusted business will not compromise on anything, including raw materials, packaging, etc.
You get benefits like:
• Formulation development scientific formulation development.
• Commercial production of high GMP-WHO standards.
• Revised line of products according to medical needs.
• No tolerance to impurity, stability and safety.
This fosters trust among doctors, distributors and pharmacies- resulting in better market share.

Outsourcing Solution that will help you lessens your company load

A pharma franchise partner is the only industry that offers end-to-end services, thus enabling you to concentrate on only growth. The production and packaging are done by the company and distribution is by you.
• Free promotional inputs
• Marketing training
• Visual aid kits
• Product catalogues
• High-quality packaging
• Regular product updates
All these make the pathway of franchise simpler, organized and amenable to growth.

The monopoly distribution contributes to the profitability because of the following reasons

One of the largest aspects that would make investors be attracted to a Pharmaceutical Franchise Company in India is the monopoly rights. This gives business partners the opportunity to sell the products in an exclusive area without having to compete with each other within the same organization.
What monopoly rights offer:
• Assured stability of the market.
• No internal competition
• Liberty to charge competitive margins.
• Higher market control
• Such autonomy increases revenue and customer retention.

A glance at the profit potential

FactorIndependent Pharma BusinessPharma Franchise Model
Investment NecessityVery highLow to moderate
Risk LevelHighLow
Brand BuildingSlowAlready established
Marketing SupportNoneExtensive support
This analogy explains clearly the reason as to why over 62 percent of new pharma entrepreneurs are opting the franchise path today.

Large Product Portfolio in order to serve all segments

A franchise company that is good has a well-developed array of products such as tablets, capsules, injectable, syrups, pediatric attention, derma products, cardiology, Neutraceutical among others. This assists you in connecting with the hospitals, clinics and pharmacies in various segments- resulting in increased business opportunities.

Conclusion

The decision to select a Pharmaceutical Franchise Company in India provides new and experienced entrepreneurs with a low-risk, in expensive and lucrative opportunity to enter in one of the rapidly developing healthcare markets in the world. 
Wecare Wellness has a good background of scientific support, high quality products, monopoly rights and reliability which makes it a reliable name to the investors who are seeking long term reliable growth.

Frequently Asked Questions

Ans: It is profitable due to low investment, high demand and strong support by the companies.

Ans: No, but the rudiments of market knowledge is useful.

Ans: Yes, Tier-II/Tier-III towns are fast rising markets.

Ans: Yes they provide you with exclusive selling rights to your area.

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