Which Are The Most Demanded Pharma Product Divisions for PCD Franchise?

The pharmaceutical industry has been progressing over the last few years with a vigorous growth rate. Recent research shows that the global pharmaceuticals market was worth $934.8 billion in 2017 and will reach $1170 billion in 2021, growing at 5.8%. There are many demanded pharma product divisions for PCD Franchise which is the main reason behind the growth of the pharmaceutical industry. Due to the increase in population, the requirement for good medical facilities is automatically expanding.

Servocare Lifesciences has emerged like a reputable pharmaceutical company which deals in PCD Pharma Franchise and Third Party Manufacturing in PAN India. The company is working to cure human miseries through production and selling a great spectrum of medicines under different categories. More than 200+ products are manufactured under the GMP-WHO guidance in our production unit. The most demanded pharma product divisions for PCD Franchise are discussed below.

If you have any queries regarding this PCD Pharma Franchise business, feel free to contact us. Servocare is here to assist you. You can call us at – +91 9875921201 or you can drop us an email too – servocaregroup@gmail.com

List of the Most Demanded Pharma Product Divisions for PCD Franchise

The most demanded pharma product divisions for PCD Franchise are mentioned below-

• Ophthalmic
• Ayurvedic
• Cardiac and diabetic
• Dermatology
• Neuropsychiatry
• Gynae

1. Ophthalmic Products – The global ophthalmic drugs market size was valued at USD 30.30 billion in 2018 and is expected to grow at a CAGR of 4.5% from 2018 to 2026. Eye disorder has been very commonly found among the people. Excess use of electronic gadgets, working in front of a computer screen for 8-9 hours causes eye disorders. UV rays from the sun emit harmful rays which are harmful to human eyes and are also one of the reasons for the increasing demand for ophthalmic products. The largest submarkets in terms of revenue in India are cataract surgery and diagnostic equipment, followed by dry eye and glaucoma, the latter two leading the ophthalmic drug market.
2. Ayurvedic Products – People prefer to take ayurvedic medicines for effective and quick recovery in comparison to other pharma products. Ayurvedic products do not have any side effects on the human body as they are herbal and comprises of natural ingredients. India holds a preeminent position in the herbal market and the second-largest exporter of herbal products in the world. Large quantities of botanicals in India are consumed by the herbal industry (177,000 MT) and by millions of rural households (86,000 MT) that depend on their primary healthcare on this resource.
3. Cardiac and diabetic – Cardiac and diabetic is commonly known as the mother of all the diseases and still, proper treatment has not been discovered for it yet. Around 68% of people, who lie under 60 to 65 age group die due to heart disease. The main reason behind it is unhealthy living, consumption of oily and junk food which causes gear problems. These are the major factors for the increasing demand for Cardiac and diabetic products in the market.
4. Dermatology products – The global dermatology market was valued at $20.0 billion in 2015 and is projected to grow at a considerable Compound Annual Growth Rate (CAGR) of 7.73%, reaching $33.7 billion in 2022. The dermatology market is the new emerging king of the pharmaceutical industry with great demand in the market. Derma products have become the constraint of every individual’s life. The Rs 8,700 crore dermatology market has been the fastest-growing therapy segment in the domestic market over the last three years exceeding the other major categories of the pharmaceutical sector.
5. Neuropsychiatry products – Mental illness is a disease in which your mind is not in a stable state. It has a very bad impact on one’s life mental stress, failure, negativity, dullness, and depression. In India, 7.5% of the country is suffering from any sort of mental sickness. Neuropsychiatry products help in overcome these mental diseases and get rid of it. The global market for neurology should grow from $33.3 billion in 2019 to $39.4 billion by 2024 at a compound annual growth rate (CAGR) of 3.5% for the period of 2019-2024.
6. Gynae products – Gynae products are important while conceiving of the child, birth control rate, mensuration, menopause, hormonal changes, periods disorder. Gynae products are in great demand due to great awareness regarding women’s health and care of their reproductive parts for living a healthy life.

Conclusion

With the acceleration in income and digitalization, people are running behind the work to earn money at the sake of compromising with their health. Unhealthy and undisciplined standard of living made human sick due to his habits. This has expanded the pharma industry for the huge demand for various pharma products. Excess of everything is terrible, it is essential to living a healthy life to stay healthy.