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 3^rd 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.