Top 4 Reasons For The Popularity Of A Canadian Pharmacy

Top 4 Reasons For The Popularity Of A Canadian Pharmacy

Canadian pharmaceutical industry is scaling new heights of popularity. Apart from serving Canadians, there are many online pharmacies in Canada that are serving customers residing in the US and other industrialized nations of the world. According to a book by Debra Welborn, Everything You Need to Know about Buying Prescription Drugs in the U.S, Canadian pharmacies account for over 50% of all prescription drugs imported into the US. This makes one wonder about what it is that makes a Canadian pharmacy so popular. Let's delve into the details for the answers. The Main Drivers of a Canadian Pharmacy There are factors that make a Canadian pharmacy cost-effective, therefore, successful. The following are some of the reasons: Government regulation: The Canadian government has a very different take on the cost of prescription drugs vis--vis the US government. Canada has taken measures to ensure that there are ceiling prices for prescription drugs. So, a drug that could sell in the US for a much higher price must adhere to the ceiling enforced by the Canadian government while operating in Canada. It is these regulations that lead to price differentials, thus driving Americans to buy their medicine from a Canadian pharmacy online. Favorable Exchange Rates: The Canadian Dollar has been historically weaker than the US Dollar, the UK Pound and the Euro. This gives foreign consumers more purchasing power since they can exchange fewer US dollars for more Canadian dollars. Lower Overheads: The Internet has revolutionized the way people buy and sell. It removes the need for maintaining stores and inventory, as a result, reducing costs for the seller. The sellers, in turn, can pass down these benefits to the buyers. A Canadian pharmacy is, therefore, capable of discounting its prices even further since it does not need to use costly retail space or hire employees to serve its customers. Favorable Image: The above mentioned advantages are not unique to Canada alone. There are other countries in the world, such as South Africa and India which have similar advantages. So, what is so special about a Canadian pharmacy that makes it the most favored source for prescription drug buyers? The answer lies in perception and trust. Customers from the industrialized world trust Canadian regulation. They believe that the resultant guarantee of pharmaceutical products match their own safety and usage standards. As a result of this reputation, Canada receives a larger number of orders from international customers. Moreover a large number of international customers are located within the US and they find it geographically convenient to order from Canada. Canadian pharmacies are able to meet the demand for low cost drugs without compromising on the functionality or the safety of the medicines. This has enabled it to dent the sales of "Big Pharma" even with all the political and monetary strength that they have.

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