Canadian pharmaceutical sector is achieving new heights in popularity. They have taken their products beyond the Canadian consumer by employing online models and have established a customer base in the US and many other industrialized nations. Debra Welborn in her book, Everything You Need to Know about Buying Prescription Drugs in the U.S, explains Canadian pharmacies meet more than 50% of US prescription drugs import demand. This leads to the question: What is the reason behind the popularity of any Canada pharmacy. The reasons are discussed in below.
Canada Pharmacy: The Primary Drivers
Some factors that have made the Canada pharmacy companies cost-effective and hence successful are mentioned as follows:
Government directives: The Canadian government reserves a different opinion about the price of drugs as opposed to the US government. Canada has put in place ceiling prices that determine the maximum price for any prescription drug. So, drugs that may be sold in the US at a high price have to be sold in Canada under the price ceiling set up by the government of Canada. These regulations have led to a price difference which encourages Americans to order their prescribed drugs from an online Canada pharmacy.
Favorable Exchange Rate Dynamics: The CAD is known historically to be weaker compared to the USD, the British Pound and Euro. This implies that customers from outside Canada have more purchasing power in their hands.
Low Overheads: There has been a transition in the way products are bought and sold due to the advancements of the internet. The internet has diluted the previous necessity of a shop-front for selling goods and lowered the cost of conducting business. This lower cost has translated into benefits for the consumer due to the elimination of other things that eat into the resources of a pharmacy.
Favorable Perception and Image: The advantages that have been mentioned above are not a special characteristic of the Canadian pharmaceutical companies. South Africa and India are two of the many other countries that enjoy similar advantages. But for buyers of prescription drugs a Canada pharmacy is the most favored supplier of prescription meds. The reason for this is the trustworthiness and clean history of Canada pharmacy companies. The developed world has developed a high level of trust towards the Canadian pharmaceutical sector and its strict regulations. This reputation plays an important role in attracting innumerable orders from international consumers. Furthermore, a large section of the international customers is based in US. This gives a Canada pharmacy a geographical advantage as these orders can be delivered in a very short period of time with low associated costs.
The Canadian pharmaceutical industry has been able to satisfy the increasing demand for low price drugs which have an equal effect as compared to their non-generic versions. The contributions of the factors mentioned above have assisted Canada pharmacy companies in overcoming the political might and monetary power of US pharmaceutical giants.