How Online Pharmacies are Now Rushing to Pace up Growth?

Introduction:

Before learning about an online pharmacy, let discuss what the term pharmacy means? What are its roles? A pharmacy is a place where patients can avail drugs for the various ailments. When approaching the doctor, and learning about the ailment with which a patient is suffering, they proceed towards the pharmacy to purchase medicines which have been prescribed by the doctor. Not only medicines but a pharmacy also provides its customer with other health-care products.



India is the second-largest country in terms of population and majority of doctors and nurses in the developed countries are Indian; however, the bitter truth is that the people in this country also suffer from different ailments and this provides business to the pharmaceutical industry.

Famous business tycoons are always in a rush to invest more in the pharmaceutical business so that they can make more profit. They put full effort to remove all the competition from the market. India is known as the pharmacy of the world. A huge amount of drug production takes place in this country. There is a local pharmacy for the community in every corner of every city in the country. The pharmacy business generates jobs for unemployed graduates as the pharma service demands a higher-educated workforce.


Role of Retail Pharmacies:

Retail pharmacies set their businesses at a proper place with a government license. They try to follow all the rules and regulations placed for them. Their main motive is to provide the medicines which the customer demands. They take special care of the manufacturing and expiry dates of the drugs.



Impediments faced by retail pharmacies:

  • A traditional pharmacy business needs a huge amount of capital investment.
  • It is difficult for them to provide drugs at lower prices or any other offers.
  • They have to spend an extra sum of money for labor charges, as they have to hire a pharmacist to run the business and also an employee for the documentation of every deal.
  • They are not able deal on a global platform.

 

The Emergence of Online Pharmacy Business: 

Online businesses are running for decades, but the fact is that people got more interested in online shopping only after the introduction of 4G internet. Several applications have been launched to gain people's interest by showing them the benefits of accessing an online platform. All businesses are selling their products online as they know that they can grab the attention of a greater clientele on the online platform. Also, this platform makes it easier for them to advertise their products. However, the same rule applies for the online pharmacy business as well. 



 

Online Pharmacy Now Rushing up to Pace up Growth:

People opted for online pharmacy because they got the assurance of getting the online medicine delivered at their doorstep, also the offers which they get in every deal becomes a bliss to their eyes. 3MEDs online medicine store in Delhi is one of the good examples.

COVID-19 has uplifted the online pharmacy business. The sudden rise in interest in the online pharmacy business is due to the lockdown which was implemented after the announcement of the pandemic by the World Health Organization (WHO). 

The government allowed retail pharmacies to remain open 24x7 so that no patient would suffer and stay deprived of medicine. But due to the virus and to avoid getting infected, people avoid stepping out of their house and turn to online services for accessing the products as per their requirement. These create opportunities for the online pharmacy business to prove their credibility.

 

Impediments Faced by Online Pharmacies: 

There are indeed no particular laws set for the online pharmacies. There are a few rules and regulations for pharmacies; however, these rules are mostly irrelevant in today’s time and also are not fully implemented. Online pharmacy business owners have to face many criticisms and have to go through many impediments. A few of those impediments are: 

  1.  Retail pharmacy owners always oppose online pharmacy businesses, and many a time take legal actions against them.
  2. The government has put banned online businesses from selling schedule X drugs that are in high demand.
  3.  Harassment faced by the Food and Drug Administration (FDA) authorities who prior could understand the concept of the online pharmacy business.

 

Sudden Growth of Online Pharmacy Business: 

The online pharmacy association has tried very hard to legalize their existence to settle their business legally with government authorization. Mr. Prashant Tandon, the head of the Indian Internet Pharmacy Association (IIIPA), has been fighting hard to pursue the government to amend the regulation in favor of online pharmacy business in India. Because of his hard work, the online pharmacy business got a mention in the Nitti Aayog’s 3-year road maps. He put a demand in front of the government that the government should harmonize all the laws which are applied to the business and communicate that through a single notification. However, the government has taken a strong stance on that.



 

Positive Aspects of Online Business: 

  1. Fast order and easy delivery at the doorstep. 
  2. Very low capital is needed to set the online business. 3MEDs online pharmacy Delhi is approaching people to get access to its franchise model, with a few easy steps.
  3. The online pharmacy business generates jobs as it requires employees to operate the entire business digitally. Documentation is a more important factor. 
  4. It provides a high opportunity to earn more profit. The most important factor is that online pharmacy businesses could have easy access to global customers and could easily spread their business on a global platform. 

 

Conclusion: 

It is very easy to understand that online pharmacy is the need of the hour. Customers are relied on the internet and do not want to sacrifice their sedentary lifestyle. Hence, this is the right time to grow the online pharmacy business in India. 


Keywords: Online pharmacy business, Online medicine store in Delhi, online pharmacy

 

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