Which Area or State of Pharma Companies is Best To Start a PCD Pharma Franchise? If you are willing to start a PCD Pharma company, you are probably looking for the best area or state to start your pharma company. Choosing the right location can completely change the growth trajectory of your business. Let’s have a look at the top states that are considered best to start a PCD Pharma franchise.
Why Does Location Matter in PCD Pharma Franchise?
Prior to discussing the list of states, let us take a look at the importance of location. The pharma industry is one of the fastest-growing industries in India, and there is a rising demand for healthcare everywhere, from metros to rural towns. But with every area, there are associated issues:
- Competition: Some states already have pharma companies operating, making it more difficult for new businesses like yours to succeed.
- Healthcare infrastructure: If there are solid hospitals, clinics, and government programs in place, you are far more likely to gain acceptance for your products.
- Demand-supply gap: In places where there are few or fewer pharma distributors to count on, your franchise model has a better chance of establishing a market.
- State regulatory aspects: Some states are more friendly with licensing, documentation, and approvals.
All in all, the right selection of a state or area helps to create a strong and profitable base in a place where you’re not just throwing money away.
Best States to Start a PCD Pharma Franchise in India
Punjab & Haryana – The Pharma Hubs
If you are seeking regions in which the pharmaceutical business thrives already, then Punjab and Haryana are your best bets, with cities such as Chandigarh, Ambala, Panchkula, and Ludhiana often referred to as mini pharmaceutical hubs. Why is that?
- These states have a massive presence of doctors, medical shops, and distributors.
- Besides that, there is a healthy purchasing capability of the general populace, leading to good sales of premium medicines.
- There are many established pharmaceutical companies, making it easier to receive product support and guidance.
Maharashtra – The Commercial Giant
Maharashtra, specifically Mumbai and Pune, represents one of the largest pharmaceutical markets. Being a metro state:
- There will always be a consistent demand for high-quality medicines.
- People are highly aware of healthcare needs.
- You will expand the network easily, as there are many hospitals, clinics, and private practitioners.
- However, there is also a slightly higher level of competition; thus, if your mindset is “business”, the state of Maharashtra could be a jackpot.
Uttar Pradesh – The Greatest Market
With a huge population, Uttar Pradesh has a larger market for pharma products than any other state. Cities such as Lucknow, Kanpur, Varanasi, and Ghaziabad have high demand.
- Demand is high given the size of the overall population.
- The state government also invests frequently in its healthcare programs, which means even more opportunity.
- Operational costs are inexpensive compared to metro states.
If you are a new entrepreneur, UP can be a very profitable opportunity.
Bihar & Jharkhand – The Next Market
These are two states that are incredibly fast-growing healthcare markets for which awareness of medications and branded medications is constantly increasing.
- Compared to other states, there are fewer pharma distributors, which leads to less overall competition.
- People are becoming much more aware of branded medications.
- Various government schemes are implementing rural healthcare in different villages and states, which is opening new avenues for business.
If you want to enter into a new market with growing potential, make sure to think of Bihar and Jharkhand.
Gujarat: The Manufacturing Hub
Gujarat is not only known for its industries, but also a manufacturing hub for pharma. Cities like Ahmedabad, Vadodara, and Surat are very favorable for the PCD Pharma Franchise system.
- Easy access to pharma companies and product offerings.
- Supportive business environment and infrastructure.
- High demand for both generic and branded medicines.
Due to being a manufacturing industry, Gujarat is naturally favorable to franchise partners.
Southern States: Karnataka, Tamil Nadu & Kerala
If you are looking at the Southern States, you can consider Karnataka (Bangalore), Tamil Nadu (Chennai), and Kerala.
- These states have a stronger healthcare system with a good network of private hospitals.
- People in these states are health-conscious and will invest to pay extra for good medicine.
- Pharma is also stable in these states, with little variability in demand.
In particular areas like Bangalore and Chennai, the opportunities for a Pharma franchise are endless.
Conclusion
Determining the optimum area or location for your PCD Farma Franchise is based on the amount of your investment, competition, and demand in the market. If you want to improve the growth of your company, choosing states such as Uttar Pradesh, Maharashtra, and Punjab would be effective. However, if you want to take part in a market with less competition, states such as Bihar, Jharkhand, UP, and some southern states may be a better fit.
