Interesting facts about the pharmaceutical business

It is no secret to the whole world that the Countries of Latin America are famous for conflicting data in the field of health care. For all the problems and difficulties, Mexico, which is known for massive epidemics and drug wars, competes with such an economic titan as the United States.

Leading the way

Mexico is the leader in Latin America, after Brazil. The pharmaceutical industry is in the billions of dollars in revenue. The Mexican pharmaceutical business is one of the TOP-20 in the world. Annual revenues exceed $15 billion.

In the Mexican pharmacy, most of the drugs are generics. Generics are drugs that completely copy a previously patented medication, but manufactured by another company after the license expired. The share of generics in Mexican pharmacies is constantly increasing.

Recently, the Mexican pharmaceutical market has become more controlled and more strictly regulated by government agencies.

In terms of manufacturing capacity, there is a noticeable trend to shift production to Asian countries, due to lower labor costs and tax incentives.

Regarding distribution, Mexico is following in the footsteps of the European pharmaceutical market, with drugs reaching the shelves of certified Mexican pharmacies through several large distribution companies. Increasingly, large pharmacy chains with a large Mexican online pharmacy are playing the role of distributor.

Competitiveness

Often there are unflattering comments on U.S. websites about drug purchases in Mexico. Reviews and stories criticize the quality and regularly highlight the many counterfeits in the Mexican pharmaceutical market. Of course, there is a risk of falling for counterfeits, just like in any other country. Before buying from a Mexican pharmacy, you can ask for certificates and a license.

And yet, many Americans buy medicines from a Mexican pharmacy online, as prices, there are significantly lower than in the American market.

Customer centricity

Another peculiarity of the pharmaceutical business in Mexico is a special focus on customer needs and requirements. The best Mexican pharmacy focuses on the fact that consumers have become more informed and demanding about medicines. Modern Americans have become more serious about a healthy lifestyle and proper nutrition.

 

Therefore, online pharmacies like Mexicanrxpharm offer a wide range of medications with very flexible prices. It is possible to find remedies with high efficacy at a reasonable price in pharmacies. Often pharmacies offer the services of their  pharmacist, who can advise on the dosage and interactions of several drugs a patient is taking.

Innovativeness

The Mexican medications market regularly brings its innovative products to the world. Among the information on new developments is news that Mexican companies are successfully developing a new drug for lung cancer, a drug for heroin addiction, chewing gum that increases potency, a new vaccine for scorpion bite, and others.