Profitable Product Segments for PCD Pharma Franchise Business in India – The Pharmaceutical Industry in India is one of the fastest-growing sectors and offers exciting business opportunities to young pharma professionals, such as PCD Pharma Franchise Business.
This business model is popular as it can be started with an affordable investment and gives higher returns. All you need to do is market and sell the parent company’s medicines within your designated areas by using the support and benefits that the pharma company offers. Now the main question arises: What are the Profitable Product Segments for PCD Pharma Franchise Business in India?
The profit of the PCD Pharma franchise business depends on choosing the right product segment. Let’s look at the most Profitable Product Segments for PCD Pharma Franchise Business in India.
The general medicine is the most popular segment and is known as the backbone of the pharmaceutical industry. These medicines are the everyday medicines and are always in high demand, including:
Almost every doctor in India prescribes general medicines regularly, which makes it the ideal choice for the PCD franchise partners to deal in both rural and urban areas.
The Cardiac and Diabetic segment is one of the fastest-growing therapeutic segments in India due to the rising number of diabetic and heart problems every year. As we all know, India is known as the diabetic capital of the world; thus, diabetic people regularly need anti-diabetic medicines for long periods. Here are the medicines of this segment:
The Dermatology and skincare segment is gaining huge popularity due to increased awareness about skin care, hygiene, and personal appreciation. This demand is specifically growing among the youth and adults. This is the high profit margin due to its premium pricing. Here is the list of the derma products:
Nowadays, people are becoming more concerned about their health, fitness, and immunity; thus, they are looking for a high-quality nutraceutical range. This range is high in demand in all age groups and available online and in retail shops. This is the most future-ready category that you can deal in. Here is the list of products that are included in this segment:
India has a strong traditional foundation in Ayurveda and herbal medicines, and this is the reason many people in the country easily accept this segment because of their natural healing benefits and minimal side effects. This segment has a high consumer trust and growing export potential. Which is why it is the most suitable segment for PCD Pharma Franchise Business in India. The medicine includes:
The Pediatric Segment is specially focused on the health of children, and is always in high demand in India, because parents are becoming more concerned about their kids’ health. This segment has a constant demand in clinics and hospitals, which makes it a fast-moving product with good profit margins. Here is the list of the pediatric medicines:
The Gyane segment is made for focusing on the health of women, and this has a great demand because women are aware of their health and seeking the top-quality and affordable gynecology medicines. The government also initiates some plans to support the gynecologists and maternity hospitals. This segment has a repeat purchase rate and making it the best for the PCD Pharma franchise business. This includes:
Critical care range covers the life-saving medicines that are used in emergency treatments in hospitals. Thus, this segment requires more investment but provides excellent profit returns. They are high in price but also high in demand in hospitals. This segment includes the following medicines:
Conclusion
We have mentioned the Profitable Product Segments for PCD Pharma Franchise Business in India with brief information like demand and what types of medicine they have. Hope you will find the best therapeutic segment for your PCD Pharma Franchise Business to get higher returns.