The rise in chronic health problems, such as hypertension (high blood pressure), has created a tremendous opportunity for growth in the pharmaceutical industry. Every 1 out of 3 adults in India has hypertension. It continues to rise in long-term medication sales. The increase in Health problems means more than just in large hospitals and pharmacies; independent chemists and local retailers can gain from this medicinal requirement through bulk medicine sales, and long-term supply. In this guide, lets discover the facts about how chemists can tap into the growing hypertension market with bulk medicine sales.
This blog covers chemists positioning themselves to meet the demand for hypertension medicines, ways to benefit from bulk buying, and staying compliant and competitive with the healthcare industry and change.
Table of Contents
ToggleMany people are living a hectic lifestyle and are not following a healthy diet. Stressful lives can lead to hypertension, and it is a silent epidemic. The WHO states that by 2025, there will be over 1.5 billion people globally with high blood pressure including India, of this overall population.
Hypertension is not an acute disease; it is a lifelong condition. A patient will have a prescribed daily medication, likely for the rest of their lives. Patients like bulk packaging or discounted packages for common prescriptions because it is enticing for the primary customer and repeat customer within your chemist store.
Chemists will benefit from consistent and high-volume sales from the prescribed medications, such as:
The first step is bulk buying. Chemists should explore partnerships with reliable bulk pharmaceutical manufacturers or distributors that sell only legit, genuine, high-quality, or DCGI-approved medicines. It is important to understand quality and profitability as a chemist.
Some of the benefits include:
A simple way of distinguishing your offering is to create hypertension care kits or medication bundles containing a 90-day supply of medications for frequent patients in your pharmacies. A hypertension care pack could include:
Encourage customers to subscribe to monthly medication refills. Offer incentives such as:
Most people who need hypertension medication do not realize the significance of taking medications regularly. Chemists can build empathy and trust by:
Promote on WhatsApp, Facebook, and local Google My Business Listings, the following:
Develop relationships with local clinics. Provide physicians with:
Create free BP check-up camps once a month at your store. This builds community trust and potential footfall, and also allows your business to engage with visitors that could become regular customers for hypertension medications and related wellness products.
The following compliance policies can assist chemists to grow responsibly in the hypertension sector:
More patients are now seeing their physicians using online apps. You can partner with these types of programs to be the preferred pharmacy for local deliveries.
New large quantity packaging options have started to propel in the market that provide the dosing instructions, visibility for expiry date and/or QR codes to track prescriptions. These packaging options can make sure that patients do not make any medication errors while, also enhancing the credibility of healthcare professionals working within the medication.
Offer a complimentary product like:
If you are a chemist who wants to scale your business in a meaningful health health-first way, you now have the opportunity. The bulk medicine sales in hypertension-related diseases might be the next significant growth engine.
The future of pharmacy lies within providing healthcare to the population with a focus on a personalized service and a constant supply, in particular bulk medicines for chronic health conditions such as hypertension. As an opportunity to capitalize on as a chemist with the right business model it can not only allow for a profit margin but strengthen the relationship with patients and the community by improving their health outcomes.
Visit Scott Morrison to find out more about how small pharma companies can unlock larger opportunities in the marketplace.
Ans- Yes, as long as the chemist is a licensed retail pharmacy and has a responsible record of purchases and sales. The bulk simply means multiple strip packs for prescription medications sold to individuals with valid prescriptions.
Ans- Amlodipine, Telmisartan, Losartan, and Metoprolol are some of the most popular medicines (most in both generic and branded forms).
Ans- Yes, Chemists have the ability to create their own pricing through MRP and distributor marks not only can they apply markup margins or discounts, Many chemists will provide discounts of 10 – 15% on a bulk supply of their medicines when they order for a whole month ideally showing a structure of the daily/weekly instruction.
Ans- The chemist can use online sources like Google My Business, be involved in health awareness activities, create campaigns or events through WhatsApp marketing, or liaison with local medical clinics.
Ans – Most hypertension medications have a storage requirement that should be stored cool and dry between 15 °C – 30 °C. Most companies are very consistent with their labeling; however, some brands may have specific indications on their packaging to follow.