Pharmaceutical wholesalers are companies that buy and sell drugs to pharmacies, hospitals, and other healthcare providers. They purchase medications from the manufacturers for resale.
They also help pharmacies by providing information about the drug’s expiration date, locations of nearby pharmacies selling the drug, and other relevant information.
The pharmaceutical wholesaler may also provide a list of doctors who can prescribe the medication or help with its distribution to patients.
Wholesalers charge approximately 10% of the end market price. Wholesalers don’t have direct relationships with their customers. They sell directly to hospitals, clinics, and government organizations and then later manage their purchasing contract back from the customer.
Their influence in the drug distribution system varies depending on the volume purchased – small distributors don’t tend to be too influential, while those placing high volume purchase orders are an important part of the channel.
For decades, Aseda Chemicals and Equipment Ltd has provided various services and products to customers across multiple industries and business verticals. We are highly committed to customer satisfaction and provide ad hoc services on demand when needed.
As an important part of a pharmaceutical supply chain, pharmaceutical wholesalers minimize cost, maximize efficiency and exchange of goods.
Pharmaceutical wholesalers work on building relationships with drug suppliers, they re-evaluate the importance of the relationship regularly and determine how much it is worth to add value to it or else make cutbacks accordingly.
Assembling these associations with suppliers based on co-relation and transparency transactions where there is a gain from both sides indicates the relationship’s success.
Function of Pharmaceutical Wholesalers
Pharmaceutical wholesalers act as an intermediary between the pharmaceutical industry and their customers (e.g., hospital and community pharmacies) by purchasing and distributing medicines to their customers.
With regard to patient safety, they must guarantee that the quality of the products is kept through the whole distribution line and that the influx of counterfeited drugs is avoided. To meet this demand, wholesalers have developed sophisticated distribution logistics.
Recent experience from counterfeit cases demonstrated that the wholesalers might play an important role in protecting the drug market from counterfeited medicines.
The pharmaceutical wholesale market in Ghana has seen a growing trend. It is estimated that the market will occupy 50% by 2023 as the pharmaceutical industry continues to grow and demand for drugs increases.
There are many factors that have contributed to the growing demand for drugs in Ghana such as increased disease rates, an aging population and more. Pharmaceutical sales have also risen exponentially due to the growing demand for drugs and the availability of health insurance coverage resulting from tax reforms in Ghana.
Aseda Chemicals and Equipment Ltd is a company focused on developing and selling pharmaceutical products.
It is one of the leading companies in its field and has been based in the Dadeban Okanta, Accra, Ghana.
This company is most commonly found in countries with authorized pharmaceuticals. This company is based in Ghana but operates all over the world.
We are also mandated for Gold, copper cathode and copper scrap sellers in Ghana.
We are always dedicated to help you receive the best quality of products when dealing with us, as we believe in maintaining long-term business relations rather than shorter ones.