Why Pharmacy business?
Medicines are an essential need of our life. Pharmacies can be operated round the year, round the clock. It’s a recession free business. Families may cut down on luxuries but continue to purchase medicines to maintain health. If the pharmacy is able to manage its stock well and make the necessary products available in time, then the success is assured.
With an increase in the average life span, changing lifestyle conditions and access to healthcare facilities, there is an increasing demand for health care products such as medicines, surgical items and wellness products and services across the country. As per the market surveys, the current size of the Indian pharmacy market is about Rs 80,000 Crores and is expected to cross Rs 160,000 Crores by year 2020. Organized retail pharmacy chains like MedPlus have around 6-7% market share.
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