For years Pharmaceutical Industry has been considered to be the evilest and greedy business since it makes profits and only huge profits out of the pockets of common man.
While we are considering only one side of the coin, we should understand that even the Industry spends millions of dollars on its research work on medicines which ultimately add years to lives of thousands of people. While there are many drugs which are too expensive, there are medicines too which are not expensive at all and costs people over 100% of the production cost.
This Industry is recognized as the billion dollar industry due to its features which convince people and the world that there is a pill for everything. The Industry is the only Industry where you have nothing to lose. This is due to the simple fact that until there is life, there will be a sickness that will require more medication.
INDIAN PHARMACEUTICAL INDUSTRY
As per latest updates, The Indian Industry is capitalizing on exports in both regulated and semi-regulated markets. To know more about exports and others transactions refer- https://www.ibef.org/industry/pharmaceutical-india.aspx. Its increasing performance has lead to its expansion over many more segments.
The Industry has itself witnessed an increase of CAGR 5.64% growth. The market has experienced a progress from US$20.95 to US$ 27.57 billion. Revenues generated from such business have also improved by 7.4 percent. In terms of value, this industry is ranked at number 14th and in terms of volume, it is the 3rd largest Industry. The major pharma hubs in India are Hyderabad, Mumbai, Bangalore, and Ahmedabad. In addition to this, this segment is expected to generate about 58000 employment opportunities which ultimately improves the Indian Economy.
Though the number of Indian pharma industries is quite low, it is growing at a rate of 10% annually. A major portion of the Indian industry is managed and controlled by the foreign companies operating in their home country.
Generally, it is believed that the market size is expected to grow and this happens when the experts and qualified professionals and businessman take up pharma franchise. The market has within itself a great number of options such as KYNA, Roche, johnson&johnson, Novartis and many more. The list is endless and it creates opportunities for both customers and businessmen.
Let’s analyze one of the fastest growing franchise models that is KYNA Franchise Models. In Chandigarh, KYNA Pharma is one of the fastest developing business whih has seen a grown at a fast pace. It is a trusted name in the market and offers a wide range of herbal products to its suppliers and customers. Kyna pharma is supported by a strong base which has a great team of professionals with an experience of more than 20 years. Its zeal to provide world-class services has resulted in being a marked name in Pharma Franchise.
Its range of products includes tablets, oils, ointments, drops, capsules and many more. Our range of products is non-comparable and comprehensive too. Kyna Pharma Franchise invites individuals as well as corporate persons to associate with them and help in expanding the business. It offers you a monopoly status and rights on the basis of your area and location.
You have an opportunity to own your Franchise Outlet and reap early and huge benefits. So, its time that you invest your savings into a profitable business and get positive returns.