Project Report For
The project report for medical shop is as follows.
Two decades ago, the consumer expenditure on medical services was 8% today it is 20%.
The consumer is also becoming familiar with the various products on the pharmaceutical industry and is seeking quality healthcare.
Mercury has reached a record high in which the health care concern of the Indian customer is today concerned.
His cost on health care is significantly greater at what he invests on clothes or leisure.
Pharmacy shopping is anticipated to be more structured and corporate in the near future.
The Indian Retail Pharmacy sector is largely dispersed across the region.
The overall Indian pharmacy chain industry has grown at an average rate of 18% per year over the last several years and is expected to expand by even larger percentages throughout the future.
Market potential & Strategy
The overall volume of the international health and beauty industry ranges from US$ 18 to 20 billion ( approximately Rs 900 billion), including over 7.5 lakh chemistry stores.
The industry is rising by approximately 18 per cent per year.
Statistics shows that pharmacy retailers in India have a market value of more than Rs 32,000 crore.
Nowadays, the progressively safe Indian has multiple retail stores clambering for his interest (and money).
These pharmacies are a perfect alternative for the customer.
With pharmacy retailing increasingly integrated and a wide range of retail models emerging, customers have a wider freedom in terms of quality , price and choice.
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