Generic Medicines: A Bargain or Bonus?
5 mins read
India has predominantly been a value-driven landscape that is mostly inclined towards getting the best value for money’s worth. Right from streetside grocery vendors to extensive showrooms, the chance of a good bargain is never overlooked. But when it comes to the world of healthcare, the same value-conscious market often encounters unexpected paradigms in healthcare.
Ideally, in a market like India, where value for money is the way of life, the concept of generic medicines should thrive. These generic medicines are a great alternative to their branded counterparts. Not only do they make medical aid affordable but also hold immense potential to revolutionize the healthcare industry. However, the masses believe that a bargain for the price is a bargain for their wellness.
But that isn’t true.
A generic drug is an equal substitute and has the same clinical benefits as that of its branded counterpart – except it’s affordable.
A generic drug is an equal substitute and has the same clinical benefits as that of its branded counterpart – except it’s affordable. They are valued at about 80% to 85% less than their branded equivalent, which gives rise to the most common misconception associated with generic medicines – their probable substandard quality. Nonetheless, their economic prices should not be conflated with efficacy. We do not blame the larger population for having developed this outlook toward generic drugs. This disparity can be attributed to several factors like lack of awareness, public perception of substandard quality of generics, and lack of appropriate knowledge surrounding generic medicines.
The foundation of mistrust in generic drugs can be traced back to instances where certain pharmaceutical companies produced subpar medications that caused the consumers and healthcare professionals alike, to question the overall safety and effectiveness of generic drugs. These concerns, though real, shouldn't overshadow the fact that regulatory bodies play a crucial role in monitoring and maintaining the quality standards of both generic and branded drugs.
At Davai, we prioritize transparency and quality assurance. Our vision extends beyond mere commerce. We aim to empower and educate the masses, enabling them to make informed choices about their healthcare. Through our user-friendly platform, we bridge the awareness gap and bring affordable healthcare to your fingertips.
We partner exclusively with trusted generic drug manufacturers, ensuring that the medicines procured through our platform meet the highest standards. Our mission is to debunk myths, foster trust, and promote genuine generic medicines to pave the way for an equitable and affordable healthcare ecosystem. Davai is here to guide and facilitate this journey. We are more than just a brand; we are your partners in healthcare. Our platform aims to ensure a seamless journey, providing a hassle-free, end-to-end solution for all your generic medicine requirements, right at your doorstep. With our user-friendly platform, we've streamlined B2B medicine transactions, offering a smooth and hassle-free experience for all.