Documente Academic
Documente Profesional
Documente Cultură
Surabhi Chauhan
PGP-1st Year
Information Management
SPJIMR
Contents
1-Medicines Categories & Product Analysis
2-Target Market
3-Market Analysis
3.1-Internal (SWOT)
3.2-External
2-Target Market
2.1- Urban Sector
- Busy schedule of people
-Save time and saves efforts to look for medicines from store-to-store
- Emphasis on Chronic drugs
- Emphasis on customer retention
2.2- Rural Sector
-High demand for basic supplements (protein diets and multi-vitamins)
-High demand for low cost and generic drugs.
- Emphasis on Acute drugs and on-time delivery
3- Market Analysis
3.1- Internal Analysis
Strengths
-MeraMedicare promotes low cost generic drugs
- comparision of prices of the drugs available in various stores : this assures the customers of best price
in the market with best discounts (if applicable)
- alternatives of the medicine based on composition (in case particular medicine is not available)
- Because MeraMedicare works with partner pharmacies it assures the customer that they receive the
best quality medicines, and there is no monopoly.
This also gives MeraMedicare an edge over other online Medicine stores like Medidart and Buydrug
which have their own physical pharmacy outlets.
- Online Pharmacies need not take separate license as per the Drugs and Cosmetics Act because they are
only an online platform connecting consumers with existing offline pharmacies (which already have a
license).
Weakness
- should be abreast with technology: Mobile app with advanced features
- Awareness of the online medicines portal in the market
- it might take time to build trust among customers for its credibility
Opportunities
- tapping the rural segment by improving awareness, low cost medicines and improving logistics
- Urban Segment :
- partnership with private doctors for option of submitting the prescription online
Options available for patients in the app/portal :
1-Pre-requisites - patient should have an account
2- Now the patients will have the options
-to purchase them on their own or get the medicines delivered to their home after selection based on
price or discounts (this might vary as per the level of emergency for the patient)
- medicines will be delivered directly to patients home and they will not have to search for medicines
from store to store
- effortless and time saver
- electronic records , easy to maintain
- reminder for medicines when it is about to get over
-mobile app for reminder
Threats
- laws governing the operations of e-pharmacies
-The declining growth of generic drugs in the years to come (source : Crisil)
-In the absence of clear guidelines and rules, online pharmacies are relying on various interpretations of
the IT Act and Drugs and Cosmetics Act to conduct business this may lead to low trust issues on the
online medical companies by the customers
Economic factors:
The Government of India aims to develop India as a global healthcare hub. It has created the National
Health Mission (NHM) for providing effective healthcare to both the urban and rural population. The
Government is also providing policy support in the form of reduced excise and customs duty, and
exemption in service tax, to support growth in healthcare.
References :
http://www.ibef.org/
https://www.crisilresearch.com
https://agenda.weforum.org/