Top Business Ideas And Opportunities In Pharma Industry 

on Aug 23, 2021 | 709 views

Written by Deepak Sah                                                                          August 23, 2021

India is the largest provider of generic drugs globally. The Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US, and 25% of all medicine in the UK. Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value. The domestic pharmaceutical industry includes a network of 3,000 drug companies and 10,500 manufacturing units.

India enjoys an important position in the global pharmaceuticals sector. The country also has a large pool of scientists and engineers with the potential to steer the industry ahead to greater heights. Presently, over 80% of the antiretroviral drugs used globally to combat AIDS (Acquired Immune Deficiency Syndrome) are supplied by Indian pharmaceutical firms.

According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market is estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030.

Recently our Finance Minister allocated around 64,180 crores in the next 6 years to strengthen the healthcare sector in the Budget. The plan is to open new healthcare institutions and to support the existing healthcare institutes. The government also announced an expenditure of 35000 crores for the COVID19 vaccine in 2021-2022. This will directly help the vaccine manufacturers in India. This is directly contributing to the growth of healthcare-related franchise business in India.

In June 2021, Finance Minister Ms. Nirmala Sitharaman announced an additional outlay of Rs. 197,000 crore (the US $26,578.3 million) that will be utilized over five years for the pharmaceutical PLI scheme in 13 key sectors such as active pharmaceutical ingredients, drug intermediaries, and key starting materials.

The factors contributing to the growth of pharma franchise businesses are

  • Increase in the income of people

  • Increase in health awareness

  • Increase in government spending

  • Increase in access to life insurance and many more

There are lots of franchise opportunities available in this sector like

  • Diagnostics center franchise business in India

  • Pharmacy/ medical franchise business in India

  • Generic medicines franchise business in India

  • Medical equipment franchise business in India

Best profitable Pharma related franchise opportunities and franchise costs :

Genmart Generic Pvt Ltd: It is one of the fastest-growing pharmacies for healthcare and wellness requirements. The company was started in 2018 and started franchising in 2019. It has around 8+ franchise units. The investment required is around 20 lakhs and royalty fees are around Rs 5 lakh

Why Genmart Generic Pvt Ltd as a pharmacy franchise opportunity?

  • 8+ franchise unit

  • Low investment

  • Name recognition 

  • Training and support

Dava Discount - It is a division of RAJNISH WELLNESS LIMITED already a BSE listed company, which is entering into an online pharmacy. Along with providing quality Branded Medicines at a flat 25% discounted price, customer satisfaction is the major social cause of our business. Due to the high cost of medicines, it has become impossible for some sections of the population to afford even normal medication which sometimes becomes fatal for patients. So, to avoid such a case Dava Discount provides all branded medicines at a flat 25% less on MRP. They continuously seek to expand their network and believe in providing the best price in the industry.

Industry - Pharma

Investment -10 lakh - 15 lakh

Outlets-15 + all across India

Why Dawa Discount as a franchise opportunity?

  • Low Investment & High Returns

  • Growth Opportunity

  • Corporate HR Assistance

  • Corporate Technical Support

  • Corporate Sale & Marketing Support

Sanjivani: It is known to be an eminent name in the pharmaceutical industry for ages, and has become a household name for pharmacy among the masses. Sanjivani is often regarded for providing comprehensive, world-class solutions in the field of pharmaceutical retail and distribution. Established in the year 2006, it has not been a long time since Sanjivani established itself in the market, but the brand is emerging rapidly and has marked its presence in a short span of time. Being a one-stop solution for pharmaceuticals, Sanjivani has secured its place in Top Franchise 100 brands list and is on its way to keep inspiring the budding entrepreneurs in the healthcare sector.

Investment -10 lakh - 15 lakh

Outlets-200 + all across India

Why Sanjivani as a franchise opportunity?

  • Low investment

  • High return

  • Monopoly rights

  • Competitive pricing in the market

Apollo Health and lifestyle ltd: Apollo Health and Lifestyle Limited (AHLL), a subsidiary of Apollo Hospitals Enterprise Limited (AHEL), is one of the largest players in the retail healthcare segment in India. The Company today runs the largest chain of standardized primary health care Models – Multispeciality Clinics, under the brand name “Apollo Clinic” in India & the Middle East, Diabetes Management Clinics under Apollo Sugar and Diagnostic Centers under Apollo Diagnostics. The Company also Operates Specialty formats under Apollo Cradle (a Centre for Women & Children) and Apollo Spectra Hospitals (a hospital for minimally invasive surgeries). Since the setup of its first Clinic in 2002, AHLL has experienced significant growth and has come a long way not only in terms of its geographical footprint and number of centers but also in the variety of service delivery formats it operates today. The recent acquisition of Nova Specialty Hospitals by AHLL places the Company as the largest player in multi-specialty planned surgical centers in India. In the last 4 years, the business has expanded from 2 formats to 5 formats and established leadership in practically every segment that it operates in.

Investment - 1 crore - 2 crore 

Outlets-30 + all across India

Why Apollo as a franchise opportunity?

  • Brand recognition

  • Good reach

  • Training and marketing support

  • Tested unique business model

Eye Forte care Limited: This company is solely committed and dedicated to providing eye care services and solutions throughout the world including eye treatment/management, complete orthoptic checkup, low vision, contact lens, and specialized contact lens, dispensing, customized prosthetics eye, Orthokeratology, etc. by a well-qualified, experienced and dedicated optometrist and an ophthalmologist. This company bestows the best sustainable and fascinating services to all classes at an affordable rate or even free for poor and needy people. It does everything under one roof as- Conceptualizing, designing, manufacturing and packaging. They control and oversee the whole process. We design and manufacture prescription frames, sunglasses, orthoptics eye exercise devices, low vision devices, etc. as a result it is behooveful to their customers. The company provides the eye check-up instruments of various well-known & certified brands for both ophthalmologists and optometrists at a very cheap rate and also the best services by well expert engineers.

Investment -20 lakh - 30 lakh

Outlets-8 + all across India

Why Eye Forte Care Limited as a franchise opportunity?

  • High return

  • Equipment are of own brands

  • Good research team

  • Unique Showroom

  • Support in training and marketing

Generic Adhar: It is one of the fastest-growing generic pharmacies. The company was started in 2018 by Arjun Deshpande in Mumbai. Generic Aadhaar® is a Register Trademark of Swasthya Lifescience Pvt. Ltd.Generic Aadhaar® having its, multiple outlets shortly expanding our brand Generic Aadhaar® in every city of India to Provide affordable healthcare to every Indian. Under the Generic Aadhaar® umbrella we provide quality medicines from reputed pharma companies by offering up to 80% lesser prices. It provides the biggest portfolio of Generic medicines from government-approved quality manufacturing facilities. One of India Youngest Entrepreneur with his innovative venture 16 years Arjun Deshpande became the Founder of Generic Aadhaar® his story is been covered by the majority of Media Houses eg; ABP News, CNBC, ZEE, Samana, YourStory, CNN, Aaj Tak, and all other majorities of media houses Is also been recently Awarded for his Innovative venture “Student Entrepreneur of the Year 2019” by World’s biggest Entrepreneurship Event “ by Entrepreneur India, Entrepreneur Magazine and Zee Business” On 18th July in JW Marriott New Delhi.

Investment -4lakh - 8 lakh

Outlets- 45  all across India

Why Genmart Generic Pvt Ltd as a  pharmacy franchise opportunity?

  • Earn 40% profit

  • Tech-enabled stores

  • Accept online orders 

  • Training and support

  • Low Investment 

  • You don’t need to be a pharmacist to take the franchise

Emedix: It is an online pharmacy that delivers both prescription and non-prescription medicines at your doorstep.It was started in 2016 and started franchising in 2018.It has around 20 units all across India. The investment required for this franchise is around Rs 5 lakhs. Royalty fees are around 1%.

Why Emedix as a pharmacy franchise opportunity?

  • Good return on investment

  • Territorial rights for a unit franchise

  • Low investment 

  • Training and support

  • 20+ stores in India

The Brain seeder: The Brain Seeder is an organization working in the field of Enhancement of Brain Potential and Help participants to relieve from the mental ailments they are facing like stress, anxiety, depression. They provide a customized soundtrack as a solution after assessing the individual brain waves. They provide their service to the age group 5 years - 95 years. Till now 4000+ participants have benefitted.

Investment : 2 lakh - 5 lakh

Why Brain seeder as a pharmacy franchise opportunity?

  • Good return on investment

  • Demanded business model

  • Low investment

  • Training and marketing support

Care-O- Vet Laboratory: CARE-O-VET, a laboratory established with the sole purpose of ethical care of animals in laboratory tests with modern equipment and in the service of the nation since 1993. Although it is presently providing service in and around Hooghly and adjoining districts of West Bengal under the able leadership of Mr Sailen Chakraborty and a team of experienced veterinarians with more than 30 years of experience developing one customer-centric business model which will create values for all stakeholders. It provides veterinary diagnostic and imaging services.It also educates common people about the care of animals whether they are raised for domestic or for medical research. It takes initiative to educate policy-makers so that ill-treatment or abuse can be stopped. It is aspiring high and helping the authorities to formulate policies so that best standard practices are followed by all laboratories for collection of samples, the interpretation of test results etc. and taking the initiative to educate the laboratory personnel with modern techniques. It dreams to make veterinary diagnosis an integral part of animal health and treatment by creating a chain of CARE-O-VET laboratories across India.

Investments : 1 crore - 2 crore 

Why Brain Care- O-Vet as a pharmacy franchise opportunity?

  • Unique business model

  • 30 years of business experience

  • Good ROI

  • Training and support

These are recession-proof franchise opportunities and If you are interested in joining hands with these brands or want to explore more health care franchise opportunities, you can visit franchiseBazar and select the best brands from the website. One can also clear doubts from the industry experts.

 

No Comments
Please to FranchiseBazar.com to post a comment or like the post. However, you can still share this post on social networks.

Recent Blogs

Starting Furniture Franchise Business in India: Growth, Trends,Franchise Opportunities And Costs.
on Sep 16, 2021

Written by Deepak Sah                                     ...

Are You Looking For A Profitable Franchise Opportunity In Coimbatore?
on Sep 14, 2021

Written by Shakti                                       ...

Emerging Franchise Consulting Firms 2021 
on Sep 13, 2021

Written by Shakti                                       ...

Best Business Opportunities In Automotive Industry 
on Sep 11, 2021

Written by Deepak Sah                                     ...