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A
medical store can be started as a sole proprietorship or a partnership
and even it can be registered under company law with Securities and
Exchange Commission of the country.
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The
Medical Store Depots were originally established in different parts of
the country under the Medical Stores Organization primarily to meet the
needs of army units in respect of medicines, surgical equipments and
other medical supplies.
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The
investment in better location pays in the long run. The Pharma retails
business is highly dependent upon the easy access for the buyers. This
includes all areas near any major hospital or popular clinics.
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The
Pharma Industry has experienced major growth in recent years. As per an
estimate the Pharma industry is growing at 18 % annually.
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Pharmacists play a crucial role in any health system as they are
responsible for providing solution related to medication.
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The
demand of pharmacists is further growing with the growth of
pharmaceutical industry within the country and outsourcing from abroad.
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The
Pharmacist is a key component of healthcare and touches patients at
every level from high ended hospitals to the doorstep where they provide
medications in the community.
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The
pharma market is growing at 27% annually. Reports peg the market at Rs
33,000 crore (US$ 5 bn). Revenue from pharmacies is expected to touch Rs
50,000 crore by 2010.
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The
Medical Store Depots were originally established in different parts of
the country under the Medical Stores Organization primarily to meet the
needs of army units in respect of medicines, surgical equipments and
other medical supplies.
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India
today has the distinction of producing high quality generic medicines
that are sold around the world.
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The
drugstores industry is going through dramatic changes, placing even
greater competitive pressures on this already cutthroat industry.
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Drugstores are fighting back by offering an expanded selection of food
and general merchandise, requiring larger store sizes. This increases
the economies of scale of each store and creates higher margin
opportunities.
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The
drugstores industry, part of the larger food and staples retailing
industry, is a high-volume, low-margin business, with cutthroat
competition.
