HOW TO DECIDE THE PRODUCT BASKET FOR YOUR PCD PHARMA FRANCHISE
The
pharmaceutical industry is one of the growing sectors. Indian pharmaceuticals
are playing an important role worldwide in therapeutics.India is ranked as 3rd
largest in production by volume. So investing in pharmaceuticals is an elite’s
choice.
https://www.investindia.gov.in/sector/pharmaceuticals
Pharmaceutics affects mortality
rates and thereby are directly proportional to the overall health of the
country. The pharmaceutical sector is completely regulated by the government
for crafting the most efficient healthcare sector. Government has different
committees that keenly look after this sector. Therefore it is very important
to study the risk associated with this business before investing.
https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/government-forms-committee-to-regulate-marketing-practices-of-pharma-companies/articleshow/94350671.cms
starting up a PCD pharma brings up a very obvious question, what products to
work on? As the market has various options for the product range, PCD companies, third-party manufacturing, etc.
Fibovil pharmaceuticalsPvt ltd brings up an easy and sure-shot list that will help you decide on what
product range you should work on and what product range will open the success
doors for you in this pharmaceutical competitive market.
A.
MARKET
RESEARCH: Studying the pharmaceutical market beforehand is
beneficial as it will pop up all the pros and cons of the business. It will
clear up what choices you should make for the selection of the product range,
company, area, business model, etc. Market studies will allow you to have a wider
scope of the possible available options for different product ranges. Also,
keep a track of the number of doctors, and retailers per category to understand
better which range will be beneficial to choose as per the area.
B.
PRODUCT
RESEARCH: Along with market studies, focusing on what product
categories are available in the market. Study the types of categories like
generics, gynecology, critical care, cardiac diabetic, neurology, orthopedics,
ophthalmic etc. having category knowledge will allow you to have better idea of what range will better suit your skills and will bring the most productivity out.
You should go for the products in which you have hands-on experience.
C.
COMPANIES OFFERING THE PRODUCTS: According to your market research shortlist
the companies that are offering that product range at the best prices. Look for
companies that have more than 1500+ product ranges to have the maximum number
of products in your basket. Study the company growth over time and wisely
choose the brand names to be worked with as this directly affects the market
penetration of the products which will eventually affect your overall revenue
from the product range.
D.
PLAN
YOUR BUDGET: How much to invest in a business is the
most popping question in our minds. To clear it up a little, make a note of the
risks associated with your business and then decide on a safe amount of money
that can be used to invest in the business. Try to look for companies that
provide sample kits if you are unsure about the product. Go for a product range
that includes a maximum range per budget to have variety in your basket.
E.
MARKET
FEEDBACK: Before selecting your product range you should be
completely aware of the market response to that range. Products that are easily
accepted by the market and have good demand will be helpful to generate good
revenue. Study the product range growth
graphs to better understand which product range has maximum potential as per
your location as every area has different market scenarios.
F.
QUALITY
AND PACKING OF PRODUCTS: Product
quality and packing are the most important pillars of a PCD franchise. Choose
companies that offer high-quality products and tested molecules. Look for PCD companies offering trademark-registered and WHO/GMP-approved products. This
will enable you to have a strong upper hand in the market as this will filter
out your competitors with low-quality products. Good quality and packing of
your selected products will create a strong and repetitive network owing to
excellent sales in minimum time.
G.
LATEST
TRENDS IN PHARMA: Decide your products as per the latest pharma
molecules being offered. A unique product range can increase the chances of
growth. Read about which molecules are catching the doctor’s eye and have
excellent responses. Try to include those kinds of molecules as well to create
a kitty that interests doctors and retailers. Try new molecules according to
your planned budget and take moderate market risks as this can increase your
growth.
H.
PRICING
OF THE PRODUCTS: Select companies that focus on their
product quality while taking care of the product pricing because a good quality
product and the perfect price is an excellent combination for a successful PCD
franchise business. The prices of your products will decide your market
penetration and targeted customers. The better the price point maximum is the
network.
FIBOVIL
SAYS, YOU ARE ALL SET TO WORK NOW!
Fibovilpharmaceuticals Pvt ltd is a well-reputed PCD Pharma Company.
They have their corporate office in Panchkula Haryana. With years of hard work
and exceptional services, Fibovil pharmaceuticals have created a renowned name
in the pharmaceutical industry. Upcoming PCD companies look up to the work
structure followed by Fibovil pharmaceuticals.
Fibovil pharmaceuticals have a 2700+ product range. They
include all the possible categories such as: -
• Allergy and immunology
• Anesthesiology
• Dermatology
• Diagnostic
Radiology
• Emergency
medicine
• Family
medicine
• Internal
medicine
• Medical
genetics
• Neurology
• Nuclear
medicine
• Obstetrics
and gynecology.
• Ophthalmology
• Pathology
• Pediatrics
• Physical
medicine and rehabilitation
• Preventive
medicine
• Psychiatry
• Radiation
oncology
• Surgery
• Urology
Along
with different categories they also include unique product ranges such as:-
- Dydrogesterone 10mg Tab
- Dapagliflozin 5/10
& with Metformin 500/1000
- Sitagliptin Tab All
Range and Combinations
- Bliastine 20mg &
with Montelukast
- Bacillus Claussi Spores
-Hydroxyprogesterone
Caproat I.P. 500mg Injection
-Duloxetine 20mg +
Methylcobalamin 750mcg
-Rabeprazole Sodium
(E.C.) I.P. 20mg + Itopride HCL (S.R.) 150mg
-Sulfasalazine I.P.
1000mg
-Dobutamine hydrochloride
50 mg injection, and much more.
Fibovilpharmaceuticals offer WHO/GMP-approved products. Their product range is tested
and trademark registered. Excellent quality and designed packaging make them
the leaders in the pharmaceutical industry.
A highly qualified team and refined business model make Fibovil pharmaceutical
Pvt ltd the perfect choice for your new PCD franchise.
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