During ancient times, humans were unaware of the various types of diseases they faced in their day-to-day life. They considered plants and herbs to be a healing agent and used them to treat their medical conditions. They also believed in the supernatural or casting spells if they came across any unidentified ailments. As modern medicines were not prevalent then, several practices like magic and prayers played a significant role in prehistoric medications. Indian civilization developed Ayurveda, and it became a large part of the traditional medical system in India by using natural herbs and other medicinal plants to treat diseases. The invention of medicine shows a significant change in the history of medicine and its approach toward illness from ancient times to date.
In the modern world, many countries face medical crises or emergencies. People worldwide were unaware of the deadly virus COVID-19 until the pandemic hit, leading to a dramatic loss of human life. Since then, it has affected people of nearly every age group around the globe. Healthcare has been a concern for all of us since the first and second waves of Covid affected India. It shows how necessary medical treatment is. The situation became worse as people developed many co-morbid complications due to Covid.
There was an acute shortage of medical devices and other medical drugs when Covid affected India. We've all experienced shortages in terms of public health, food security, jobs, and labourers in different parts of the country. Some unscrupulous members of society have taken advantage of the circumstance and have been found black-marketing pharmaceuticals to those who desperately needed them for saving the lives of their loved ones. Many healthcare supply chain distributors have gone to the extent to manufacture fake or duplicate drugs and selling them to make good money. All these happened due to the weak regulatory system of the country. During COVID-19, Indian pharmaceutical businesses faced multiple setbacks in their supply chain network due to numerous fronts, making it difficult to manage. Indian pharmaceutical business houses must create a supply chain that is more adaptable, agile, and sensitive to change. This will provide the ideal environment for the Indian pharmaceutical industry to restructure its supply chain as it expands. The government has set regulations requiring medicine and vaccine manufacturers to seek clearance before conducting product surveys and evaluations.
Over the previous decade, the Indian healthcare industry has undergone dramatic change, resulting in significant improvements in the health and lives of all life forms. Traditional medicine is increasing prominently in the world of modern science. Around 80% of the world population is estimated to use traditional medicine. In recent reports, it has been highlighted that the World Health Organization (WHO) and the Indian Government have decided to establish the WHO Global Center for traditional medicine. India has a population of nearly about 1.4 Billion, and the growth rate is 1.6% per year. It is one of the fastest-growing economies in the world. Due to the growing population, people need good healthcare, medical services, and facilities. The Indian government has taken strict actions and introduced some health programs keeping in the views of the public welfare of the society by giving free medicine and low-cost diagnostic treatment.
India has become one of the fastest-growing pharmaceutical markets over the past few decades. India is also known as the “PHARMACY OF THE WORLD”. During COVID-19, India demonstrated that it can not only develop but also effectively supply curative and time-critical medicine to all regions of the country. India has become the world’s largest supplier of low-cost generic medicine, vaccines, and other drugs to millions of people across the globe. It is the world's third-largest producer of medication by volume and the fourteenth-largest by value. The current situation has highlighted not just the strength of the Indian pharmaceuticals industry but has also prompted a review of numerous important government policies aimed at increasing investments in the health industry and introducing specific incentive packages.
Indian Pharma market size is expected to grow to USD$ 100 Billion by 2025. The market growth rate of the pharma industry is 10 to 12%. The Indian healthcare industry reached $190 billion in 2020, and according to the India Brand Equity Foundation (IBEF), it is expected to reach $370 billion by 2024-2025, due to increased demand for specialized and higher quality healthcare facilities.
Due to growing demand:-
- India is expected to spend over $200 billion on medical infrastructure in the next decade.
- Over 1, 60,000 hospitals beds are expected to be added each year in the upcoming years.
- Affordable medicine is easily available under the Pradhan Mantri Bhartiya Janaushadhi Pariyojanan (PMBJP).
- An increase in no of patients due to new diseases, population growth, changing lifestyles is expected to increase over 20 % in the next 10years.
Opportunities for Indian pharmaceuticals for the sale of over $251 billion are expected to expire between 2018-2024. India’s cost of production is nearly 33% lower than the US.
Plus was founded in Jan 2016 by Mr Basant Pachisia and was initially located only in Hyderabad; but later, as it gained popularity, the company expanded to other locations in Telangana, Kanpur & Lucknow as well.
Pharma Plus is a one-stop service provider that delivers affordable, high-quality pharmaceutical and medical products to patients who need life-saver medicines to recuperate through our supply chain. We also supply anti-cancer drugs and veterinary medications.
We are associated with many well-known healthcare brands and offer a wide range of healthcare products to big & small corporate hospitals, retail pharmacies, self-dispensing doctors, multispecialty clinics.
Pharma Plus is currently serving 2000+ satisfied customers regularly as it works tirelessly towards strengthening its network and customer base.
Pharma Plus is committed and responsible for delivering excellent healthcare products on time to our customers while being ethical, honest, and transparent in our work.
Pharma Plus aspires to be the most organized and preferred supply chain distributor of pharmaceutical products. We deliver all kinds of generic medicine healthcare products across pan India by partnering with all multi-national healthcare brands and offering a broad range of high-quality pharmaceutical products and medical products delivered to our customers as per their need to lead a healthier life.
The top management team of Pharma Plus comes from a diverse field of expertise, bringing a simplified skillful workflow, strategies through integrity, and transparency towards our goal to shape the future of the company.
Pharma Plus has an efficient distribution strategy for a supply chain that maintains product sales and revenue flow by utilizing network resources and logistics of their full potential at the lowest possible cost to serve every big and small healthcare center to its customers.
WAREHOUSING
Pharma Plus is committed to providing high standard and streamlined warehousing facilities that control inventory flow and fulfill the supply orders and demand.
PROMOTION
Pharma Plus directly communicates with its customers and networks and offers standard quality services for conducting promotion segments.
TIMELY DELIVERY
Pharma plus has the ability to cater 24*7 to its consumers; this enables them to deliver timely as per the schedule of the customer.
The workforce is a valuable asset of Pharma Plus. They provide a conflict-free working environment that empowers and enable the employees to explore their passion. Any organization grows with the development and growth of its employees. They provide several opportunities to work with their inspirational leaders and provide the space and freedom to innovate and put your talent up forth.