The pharmaceutical industry in India has emerged as a highly lucrative and rapidly growing sector, gaining global recognition, especially after a surge in demand for medicines post-COVID. This growth has led to an increase in the number of pharma companies in India, making it an attractive field for investors. If you’re considering entering this booming industry and exploring business models, we’re here to guide you. In this article, we’ll explore why opting for a third-party pharma manufacturer is a smart choice and how it can benefit your business.
What is Third-Party Manufacturing in the Pharma Industry?
Third-party manufacturing involves outsourcing the production of pharmaceutical products to a specialized manufacturer. Under a contractual agreement, the third-party manufacturer produces medicines branded under the business owner’s name, allowing the owner to focus on other aspects of the business without managing production.
Reasons a business owner might choose third-party manufacturing include:
- Limited capital to establish a manufacturing facility
- Lack of suitable space for a production plant
- Need for additional production capacity to supplement an existing facility
If setting up your manufacturing plant isn’t feasible, third-party pharma manufacturing offers a practical and efficient alternative. Below, we outline five key benefits of this business model.
5 Key Benefits of Third-Party Pharma Manufacturing
Expertise and Dependability
Third-party pharma manufacturers in India often have a strong market reputation and extensive experience in producing high-quality pharmaceutical products. This expertise is invaluable for new pharma companies entering the market. These manufacturers ensure consistent, high-quality production and provide reliability, drawing on their experience of serving multiple clients. Their industry knowledge helps new businesses navigate challenges and establish a foothold in the competitive pharma sector.
Cost-Effective Solution
Starting a pharma business in India can be daunting if you lack the funds to build a manufacturing plant, one of the industry’s biggest expenses. Third-party manufacturing eliminates this barrier. By outsourcing production, you can focus on marketing and growing your brand without the need for significant upfront investment in facilities. All you require is an office and minimal storage space. Additionally, third-party manufacturers often produce in bulk for multiple clients, allowing them to offer competitive pricing due to readily available raw materials and streamlined processes.
Scalability During High Demand
The COVID-19 pandemic highlighted the challenges of meeting sudden spikes in demand for essential medicines. When a pharma company’s existing production capacity falls short, third-party manufacturers can bridge the gap. Acting as an extension of your production capabilities, they enable you to meet market demands without investing in costly new facilities. This flexibility is especially valuable during short-term surges, ensuring you can supply products efficiently and maintain market presence.
4. Global Market Entry
Partnering with third-party manufacturers can streamline international expansion. These manufacturers are often well-prepared for exports, adhering to global quality standards and certification requirements.
5. Mutual Benefits for the Owner and the Pharma Company
Collaborating with a third-party manufacturer creates a mutually beneficial business model. These manufacturers operate contractually, allowing them to produce similar products for multiple partners. Likewise, an owner can contract multiple manufacturers for the same product, ensuring a consistent and reliable supply chain.
JoinHub Pharma – Premier Third-Party Pharma Contract Manufacturer
JoinHub Pharma stands as a leading third-party pharmaceutical contract manufacturer, delivering a comprehensive suite of services backed by a reputation for superior quality, exceptional customer support, and competitive pricing.
Since our inception in 2014, we have been dedicated to providing high-quality, cost-effective pharmaceutical solutions. Our skilled team collaborates closely with clients to define clear project objectives and supports you at every stage to ensure your expectations are met.
Our mission is to provide top-quality products at the most competitive prices while ensuring full transparency and traceability.
Our third-party pharma manufacturing Services Include:
- Co-packing
- Manufacturing of APIs and Finished Products
- Carton Filling, Blistering, and Labeling
- Custom Product Design & Development
Extensive Pharma Product Portfolio for Third-Party Manufacturing
Our product portfolio at JoinHub Pharma, refined over decades, reflects a deep understanding of third-party manufacturing needs. We continuously enhance our offerings to meet the highest quality standards.
All our pharmaceuticals are produced in compliance with cGMP, under stringent supervision, in facilities equipped with cutting-edge manufacturing, testing
Our product range includes:
- Solid dosage forms:
- Tablets
- Capsules
- Granules
- Powders
- Liquid dosage forms:
- Syrups
- Suspensions
- Solutions
- Emulsions
- Semi-solid dosage forms:
- Creams
- Ointments
- Gels
- Lotions
- Injectable dosage forms:
- Vials
- Ampoules
- Prefilled syringes
- Inhalation products:
- Metered-dose inhalers (MDIs)
- Dry powder inhalers (DPIs)
- Nebulizers
- Specialty dosage forms:
- Transdermal patches
- Suppositories
- Implants
- Nutraceuticals and dietary supplements:
- Capsules
- Tablets
- Powders
- Liquids
- Herbal and Ayurvedic formulations:
- Herbal capsules
- Herbal syrups
- Herbal ointments
- Veterinary products:
- Medications for pets and livestock
Key Highlights of JoinHub Pharma’s WHO-GMP Certified Manufacturing Facility
At JoinHub Pharma, we prioritize excellence in pharmaceutical manufacturing. Our state-of-the-art, WHO-GMP certified facility upholds precise standards for cleanliness, quality control, and safety across all products.
We are proud to be fully compliant with WHO standards and FDA-approved for our manufacturing processes. Our team of expert pharmacists ensures that every medication is safe, effective, and reliable.
Why Choose Our WHO-GMP Certified Facility?
- Certified to ISO-9001, ISO-14001, and OHSAS-18001 standards.
- Manufacturing over 1,300 products in various dosage forms.
- One of India’s leading producers of liquid medicines, with a capacity of 2,500 kg/day.
- Equipped with high-precision, reliable instruments for testing and research.
- Supported by skilled professionals conducting regulatory-compliant clinical trials.
- Sourcing high-quality raw materials from trusted suppliers.
- Utilizing cutting-edge technology and equipment for manufacturing.
- Featuring advanced quality assurance and testing laboratories.
- Powered by a highly skilled and experienced workforce.
- Offering a wide range of dosage forms for maximum flexibility.
Developing a product compatible with regulatory complexities can be challenging. So we simplify the process by offering:
- Research and Development: Innovative solutions tailored to your needs.
- Pharma Product Manufacturing: High-quality production with strict quality control.
- Contract Manufacturing: Flexible outsourcing to meet your goals.
- Product Development: From concept to market-ready solutions.
Ready to Meet Your Pharmaceutical Needs? Let’s Partner!
JoinHub Pharma, a trusted Indian third-party pharmaceutical manufacturer, is prepared to deliver high-quality products at competitive prices. Our extensive network of suppliers, distributors, and partners ensures seamless support, from market research to packaging and distribution, helping you succeed in both international and local markets.
Ready to collaborate? Let’s fulfill your pharmaceutical demands together!
Contact us or send us an email at info@joinhubpharma.com to learn more about our contract or third-party pharmaceutical manufacturing service!
