Last few years, India has seen tremendous growth in the manufacturing of generic drugs and Indian pharmaceutical wholesalers has witnessed the rising demand for Indian medicines globally. India is the leading manufacturer of generic drugs in the world. The Indian pharmaceutical industry is the 3rd largest in the world in terms of volume, and 13th largest, in terms of the value. The total Indian pharmaceutical market was valued at $12.24 billion in 2010, growing at a whopping rate of 17.0 percent every year.
Amidst the growth story of Indian pharmaceutical industry, itEUR(TM)s the worldwide consumers of Indian Generic medicine that have benefitted the most. Developing countries like Zimbabwe and Liberia rely on Indian generic drugs for treating patients with diseases like AIDS, Cancer, Tuberculosis and Malaria. Major donor organizations and leading international treatment providers like the UNICEF rely onquality, affordable generic drugs for the programs they support. Hence at a time when funding for global health programs is on the decline, itEUR(TM)s more important to keep the flow of these affordable drugs going and hence thatEUR(TM)s the reason why IndiaEUR(TM)s competitive Generic Medicines industry is a boon for World Health.
Pharma distributors have helped the chain spread across nations
Indian pharmaceutical distributors have played an important role in extending the IndiaEUR(TM)s reach across different parts of the world. India is a geographically varied country with diverse climatic conditions. This makes distribution a highly critical job for Pharma wholesalers.
Many of the AIDS drugs that are used across the world is supplied from India. The reason being that many drug brands that are used to treat people with HIV are patented in many countries. But international trade rules required India to start granting patents on pharmaceutical products only after 2005. So, until that time, Indian companies were able to manufacture generic versions that competed in price not only with brand name companies, but also amongst themselves to bring down the prices of AIDS drugs drastically.
However, meeting with such demand is not easy, so the extensive channel of distribution and high frequency of brand substitution has made it mandatory for Wholesale pharmaceutical distributors in Indiato ensure that all its stock keeping units are available at all levels at all times. Most Pharmaceutical wholesalersstock generic versions of drugs that fetch higher margins for them and reduced prices for the buyers. To reduce the risks of shortage they are increasingly adopting to techniques that ensure products are easily available to the stockists and retailers whenever there is a demand.
Challenges
Being a Pharmaceutical distributor in India can sometimes be really challenging. Market is evolving and so are the customerEUR(TM)s demands. Hospitals and large institutions which are key clients for‚ a Pharmaceutical wholesaler sometimes directly negotiates with the manufacturing company and get the drugs in their pharmacy at lower costs. Generally this happens when hospitals place a large quantity order to a stockist, who provides them flexible payment terms, credit periods, and margins.
Amidst the growth story of Indian pharmaceutical industry, itEUR(TM)s the worldwide consumers of Indian Generic medicine that have benefitted the most. Developing countries like Zimbabwe and Liberia rely on Indian generic drugs for treating patients with diseases like AIDS, Cancer, Tuberculosis and Malaria. Major donor organizations and leading international treatment providers like the UNICEF rely onquality, affordable generic drugs for the programs they support. Hence at a time when funding for global health programs is on the decline, itEUR(TM)s more important to keep the flow of these affordable drugs going and hence thatEUR(TM)s the reason why IndiaEUR(TM)s competitive Generic Medicines industry is a boon for World Health.
Pharma distributors have helped the chain spread across nations
Indian pharmaceutical distributors have played an important role in extending the IndiaEUR(TM)s reach across different parts of the world. India is a geographically varied country with diverse climatic conditions. This makes distribution a highly critical job for Pharma wholesalers.
Many of the AIDS drugs that are used across the world is supplied from India. The reason being that many drug brands that are used to treat people with HIV are patented in many countries. But international trade rules required India to start granting patents on pharmaceutical products only after 2005. So, until that time, Indian companies were able to manufacture generic versions that competed in price not only with brand name companies, but also amongst themselves to bring down the prices of AIDS drugs drastically.
However, meeting with such demand is not easy, so the extensive channel of distribution and high frequency of brand substitution has made it mandatory for Wholesale pharmaceutical distributors in Indiato ensure that all its stock keeping units are available at all levels at all times. Most Pharmaceutical wholesalersstock generic versions of drugs that fetch higher margins for them and reduced prices for the buyers. To reduce the risks of shortage they are increasingly adopting to techniques that ensure products are easily available to the stockists and retailers whenever there is a demand.
Challenges
Being a Pharmaceutical distributor in India can sometimes be really challenging. Market is evolving and so are the customerEUR(TM)s demands. Hospitals and large institutions which are key clients for‚ a Pharmaceutical wholesaler sometimes directly negotiates with the manufacturing company and get the drugs in their pharmacy at lower costs. Generally this happens when hospitals place a large quantity order to a stockist, who provides them flexible payment terms, credit periods, and margins.