Pharmaceutical Distribution Business in India
Pharmaceutical Distribution Business in India
A pharmaceutical distribution business specialises in distributing pharmaceutical products, including prescription and over-the-counter drugs, to various healthcare providers such as pharmacies and hospitals.
The pharmaceutical industry in India is experiencing rapid growth and is ranked as the third-largest globally in terms of volume and thirteenth-largest in terms of value. India contributes approximately 15% to the world’s generic drug production, with over 70,000 drug formulations, more than half of which are exported to over 200 countries.
The distribution of medicines is characterised by high fragmentation, with over 20,000 players in the market. The top 10 players collectively hold more than 50% of the market share. India also leads the world in the production of bulk drugs, supplying them to the global market.
It’s noteworthy that India is not only the largest producer of generic drugs globally but also holds the third position in terms of volume.
Pharmaceutical Distribution’s Role in the Supply Chain
The pharmaceutical distribution system plays a crucial role in guaranteeing the accessibility of high-quality medicines to the public. It is an intricate network involving various stakeholders, such as manufacturers, wholesalers, retailers, and pharmacists.
Furthermore, it oversees the following aspects:
Appropriate Medication
The distribution system ensures that the correct medication is delivered to the right patient, at the right time, and in the right location.
Linking Diverse Participants
Within the pharmaceutical supply chain, the distribution system is pivotal in connecting the different participants. It is accountable for the timely delivery of medications to the market, as well as compliance with government regulatory requirements.
Medicinal Availability
The distribution system also contributes to ensuring that medicines are available in the correct quantity and of the expected quality.
Storage and Handling of Medications
Responsibility for the storage and handling of medications lies with the distribution system. It guarantees that medicines are stored in a secure environment and handled in accordance with the manufacturer’s guidelines.
Waste Reduction
The distribution system additionally aids in minimising wastage and cutting down on the cost of medicines.
Accurate Medication Labelling
Moreover, the distribution system ensures proper labelling of medicines and adherence to the manufacturer’s instructions. This safeguards the safety and efficacy of the medicines. Timely distribution of medicines is also facilitated by the distribution system.The pharmaceutical distribution system plays a crucial role in guaranteeing the accessibility of high-quality medicines to the public. It is an intricate network involving various stakeholders, such as manufacturers, wholesalers, retailers, and pharmacists.
Furthermore, it oversees the following aspects:
Appropriate Medication
The distribution system ensures that the correct medication is delivered to the right patient, at the right time, and in the right location.
Linking Diverse Participants
Within the pharmaceutical supply chain, the distribution system is pivotal in connecting the different participants. It is accountable for the timely delivery of medications to the market, as well as compliance with government regulatory requirements.
Medicinal Availability
The distribution system also contributes to ensuring that medicines are available in the correct quantity and of the expected quality.
Storage and Handling of Medications
Responsibility for the storage and handling of medications lies with the distribution system. It guarantees that medicines are stored in a secure environment and handled in accordance with the manufacturer’s guidelines.
Waste Reduction
The distribution system additionally aids in minimising wastage and cutting down on the cost of medicines.
Accurate Medication Labelling
Moreover, the distribution system ensures proper labelling of medicines and adherence to the manufacturer’s instructions. This safeguards the safety and efficacy of the medicines. Timely distribution of medicines is also facilitated by the distribution system.
