Pharmaceutical manufacturers research, develop, produce, market and sell pharmaceutical products. All chemical or biological substances used for medical or veterinary usage come under the purview of the term pharmaceuticals.
Wholesale pharmaceutical dealers supply medicines to pharmacists and others at competitive rates. As per ethical trade practices, wholesale pharmaceutical dealers sell only to licensed resellers and not directly to end-users.
The Indian pharmaceutical industry consists of around 20,000 businesses. The pharmaceutical business in India is booming because of several reasons. Firstly, the affordability of the products plays an important role in improving the conditions of the Indian pharmaceutical industry.