Best Pharmacy Franchise Businesses in India for 2022

on Nov 22, 2021 | 28506 views

Best Pharmacy Franchise Businesses In India For 2022

Written By Aditi Vernekar                                                      Updated on January 20 2022

India has long been known as a low-cost drug manufacturing powerhouse. And the country's pharmacy industry is thriving today.

Buying a Pharmacy Franchise in India has numerous advantages in this case. An entrepreneur can open a medical store or an online pharmacy franchise. Starting your own medical store is a massive undertaking because it necessitates the acquisition of licences and permits, as well as a good product line, relevant knowledge, and relevant experience. The latter is a popular idea these days. It allows a franchisee to work on a flexible schedule while saving money on store space rental or purchase.

If you want to start a franchise in this industry, you've come to the right place. Before you launch your own franchise, here's everything you need to know about the Best Pharmacy Franchise Businesses in India for 2022.

 

List of Top 10 Pharmacy Franchise Opportunities in India in 2022

  1. Dava Discount
  2. Medzone
  3. Chemist Sanjivani
  4. Indian Health Mall
  5. The Wellness Store
  6. Medifield
  7. SastaSundar Pharmacy
  8. PharmEasy
  9. Medplus
  10. Florence  

 

1. Dava Discount Franchise

The Dava Discount franchisee guarantees the best services for effective and unique marketing skills in the timely supply of branded medicines at competitive pricing. It is the only market leader that offers up to a 20-25 per cent discount on brand-name medications. Dava Discount assures you that their goodwill is trustworthy and that all tasks will be completed on time.

Investment - Not Revealed

Franchise Fee - Rs.2-5 Lakhs

Space - 250-500 sqft

 

2. Medzone Franchise

MedZone is one of India's leading pharmacy chains, serving tens of thousands of customers every day. Its stores are conveniently located near customers' homes and offer a wide range of prescription medications as well as general FMCG goods. It strives to provide high-quality medicines at reasonable prices while also preventing drug abuse. Medzone also sells Ethix healthcare products at competitive prices. Maxwell Pharma's branded company is Dr. Ethix.

Investment - Rs.1 lakh

Franchise Fee - Not Revealed

Space - Less than 250 sqft

 

3. Chemist Sanjivani Franchise

Sanjivani is a company that was founded with the goal of becoming successful in providing people with high-quality medical products at reasonable prices. Their goal is to become one of the largest retailers in India and around the world. They sell over-the-counter (OTC) items, surgical supplies, and various medications.

Investment - Rs.12-15 Lakhs

Franchise Fee - Rs.3-5 Lakhs

Space - 200-400 sqft

4. Indian Health Mall Franchise

Indian Health Mall is a leading retailer of ayurvedic and other approved medicines and allied products. They work with the best ayurvedic doctors, chemists, generic medicine retailers, ayurvedic medicine shops, homoeopathic medicine, surgical equipment sealers, 24-hour chemists, weighing machine dealers, and many more.

Investment - Rs.5-10 Lakhs

Franchise Fee - Rs.2-5 Lakhs

Space - 750-1000  sqft

 

5. The Wellness Store Franchise

Influx Mart Ltd's Wellness Store is one of its innovative retail formats. Wellness Store meets consumers' wellness needs by offering a variety of wellness products and services under one roof. It focuses on preventive health care rather than curative or therapeutic treatments.

Investment - Rs.5-10 Lakhs

Franchise Fee - Not Revealed

Space - 250-500 sqft

 

6. Medifield Franchise

Medifield is a young, vibrant, and lean organisation that is driven by values and propelled by ambition. We adhere to a streamlined, stringent manufacturing process, paying special attention to raw material and packing material quality. We source our raw materials from reputable suppliers.

Investment - No Investment

Franchise Fee - No Investment

Space - Less than 250 sqft

 

7. SastaSundar Franchise

Known popularly as a Health BuddyPharmacy Franchise, this Kolkata Based Group operates licensed pharmacists who are known as Health Buddies as their franchisees and offer the franchise to budding entrepreneurs looking to buy an established brand with a strong digital presence.

Investment - Rs. 2-3 Lakhs

Franchise Fee - Less Than Rs 1Lakh

Space - Less than 250 sqft

 

8. PharmEasy Franchise

Medlife, which is now known as PharmEasy, has brought together doctors, pharmacists, path labs, and consumers on a single platform. Medlife provides much more than just the ability to purchase medications online. PharmEasy provides trustworthy and up-to-date medical information that has been carefully written, vetted, and validated by our health experts.

Investment - Rs.1-2 Lakhs

Franchise Fee - Rs.50,000-1 Lakh

Space - Less than 250 sqft

9. Medplus Franchise

MedPlus was founded in Hyderabad in 2006 with the goal of eliminating fake and ineffective medicines and supplying high-quality medicines in India. Since its inception, MedPlus has successfully contributed to the provision of genuine and unadulterated medicines in order to encourage and elevate transparency in the functioning of the pharmaceutical industry.

Investment - Rs.10-20 Lakhs

Franchise Fee - Not Revealed

Space - 250-500  sqft

 

10. Florence

Florence's goal is to provide a diverse range of medicines to Indian consumers. Every Florence location provides services such as blood pressure monitoring, blood sugar testing with glucometers, injections, and so on. All regular customers receive this service for free or at a reduced rate.

Investment - Rs.5-10 Lakh

Franchise Fee - No Investment

Space - 250-500  sqft

 

Why is the Pharmacy Franchise in India an Emerging Franchise Business in 2022?

India's pharmaceutical industry is one of the most advanced and forward-thinking in the world. The government of the country, which offers a plethora of pharmacy franchise opportunities to its citizens, deserves the majority of the credit for the country's rapid growth.

 

  • The pharmaceutical industry was worth $36.7 billion in 2018. Between 2015 and 2025, the market is expected to grow at a CAGR of 22.4 per cent, reaching $ 55 billion.

  • India is on its way to becoming the new market leader in Medical Devices and Diagnostics.

  • India has the most US-FDA-compliant plants outside of the US.

  • By generating profitable earnings and stimulating the economy, the Indian Pharmaceutical Industry contributes 5% to the Indian GDP.

  • The Indian Pharmaceutical Industry has a global share of the global pharmaceutical market of about 1% to 2%.

  • The Indian pharmaceutical industry is growing at a compound annual rate of 10%.

 

The growth of Indian pharmaceuticals has been exceptional over the last few decades, thanks to the government's commendable support. The most significant impact on the industry is the GST effect, which has recently transformed the outline of the country's indirect tax system. Medicines and drug companies have been embedded in percentages ranging from 0% to 28%, with the majority falling between 5% and 12%.

 

What Will Be the Pharmacy Franchise Cost in India?

To better serve their customers, pharma franchise companies are adopting new business models and bringing new innovative ideas to the table. The government is also making the necessary efforts and providing the necessary assistance to improve the sector's situation. As a result, Pharmacy Franchise Cost In India is an excellent choice.

Prudent financial management is critical to the success of any business, including a pharmacy franchise. In semi-urban and small-town areas, a minimum investment of Rs. 7-8 lakhs is required, while in urban and rural areas, a minimum investment of Rs. 3-4 lakhs is required. The greater investment would be directed toward metropolitan areas and larger cities. The profit margin for opening a medical store ranges from 20% for brand drugs to 1000% or more on the MRP for generic drugs.

Your profits also depend on the type and quantity of drugs you sell. Multivitamins, proteins, contraceptives, salines, and other food supplements have the highest profit margins. To gain a better understanding of the profit margins in the area, a business analysis of the area is required.

 

How to Start a Pharmacy Franchise in India in 2022?

The healthcare industry has reached new heights in recent years and will do so in the future. So, if you take the right steps and keep these important points in mind before starting your business, your drug store will be a success that will last for generations.

Starting a pharmacy franchise can be a profitable venture. Another benefit of the medical industry is that it is less sensitive to economic downturns. However, it is critical to remember that if proper research is not conducted prior to the launch of your business, it may not perform as well as expected.

As a result, given the Pharmacy Franchise Profit margins and other benefits of starting such a business, investing in the medical field could be one of the best things to do.

 

How FranchiseBazar Helps You to Start Your Own Pharmacy Franchise?

FranchiseBazar assists you in locating numerous Pharmacy Franchise Opportunities in India.

You can go to the website, talk to a franchise consultant, and look for the best franchise brand for you. Below are some of the Best Pharmacy Franchise Businesses in India for 2022.

Another benefit of the medical shop business is that economic downturns are less likely to affect it. The overall profit is higher than in other fields. However, it is important to note that proper analysis is required before beginning this business venture, as it may not perform as well as expected if proper planning is not implemented. So do your homework, find out what works best for you and select the right franchise business from the top ones mentioned here. If you want to search through more options, make sure to visit FranchiseBazar’s extensive franchise directory page.

Related Article : Buying a Healthcare Franchise in India: Definitive Guide

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