Pharmaceutical products are always one of the basic needs. There is always an influx of buying and selling pharma products. Pharmaceutical products are not a luxury but are necessary for the sake of life.
B2B marketplaces play a crucial role in connecting buyers and sellers from around the world in acquiring medicines. These marketplaces are a great way to exchange many important pharmaceutical products that are not manufactured everywhere. Pharmaceutical products include an array of wide products such as raw materials, finished goods, equipment, or services.
The reason why these online marketplaces have become a facility that has transparency, and accessibility to millions of products at once. The B2B marketplaces work as an intermediary between buyers and sellers allowing them an ease in procurement, and offers companies a centralized space to talk, negotiate, and trade.
The Importance of B2B Marketplaces for Pharmaceutical Products
As you know these platforms are enhanced and efficient in their functions, as they diminish the struggle of physical labour, and help in creating a swift mode of trade.
Pharma eCommerce Market Value Worldwide in 2022 and 2030 (Statista)
Revenue: US$ 45 billion
Revenue: Growth: 13.5%
1. eWorldTrade
To begin with, eWorldTrade is a B2B online marketplace that welcomes manufacturers, and suppliers from around the world. The platform is segmented into different sections where B2B entities can join and become a part of the platform. So, whether you are a seller or a buyer, eWorldTrade is a credibly verified page.
It is spread around the world and actively working in different regions and supplying products. The platform has canceled all kinds of border barriers. So, it is a source of open trade. Gathering so many manufacturers and suppliers from the pharmaceutical world the platform keenly scrutinizes every business entity. With different features on the platform, eWorldTrade has created prestigious programs allowing businesses to flourish in the pharmaceutical business.
2. Medibox
Medibox is a fully dedicated online B2B marketplace for pharmaceutical products. It is specially created for retailers, buyers, and distributors of pharmaceutical products. A huge traffic is available on the platform where each party is working and taking advantage of the platform. They typically sell in bulk and only allow pharmaceutical product manufacturers who sell in bulk.
They have created a fledged signing system that asks to add all important credentials, and it is important to verify everyone as a business. Medibox also created a module where suppliers can market their pharmaceutical products. It studies through creating awareness of the industry and making sellers sell products at lower costs. They also prepare businesses by helping them understand the entire process of manufacturing, distribution, automated transactions, and customer management.
3. Global Sources
Global Sources is among the pioneers of the B2B marketplace and is working prominently in every field including pharmaceutical products. Pharmaceutical businesses who are looking to make international trade, spread their businesses, and fulfil their needs can sign up on Global Sources.
The platform emerged through its credibility in buying and selling products. One of the greatest features of the platform is its distinct website where everything is placed like Recommended Suppliers, Request for Quotations, Featured Categories, Source by Region, and more. Moreover, if you navigate through the website, you will easily land in the desired section.
4. GXgate
GXgate works as a liaison between buyers and sellers, and functions as a B2B marketplace. It is a network that helps in communicating, organizing, sharing, and discussing pharmaceutical products efficiently. Businesses can get a membership to have access to the platform. They also have created a massive network and have started new opportunities for pharma.
5. Alibaba
Alibaba is an internationally recognized name working in the B2B field, and catering to businesses worldwide. A fair share of businesses has earned millions of revenues through buying or selling from Alibaba. This platform has a wide network and it operates efficiently in every way. They have created a seamless way of online shopping so now pharmaceutical businesses can start selling their tools and equipment.
Alibaba has also integrated a multiple payment option that is feasible for everyone around the world. and with their distinct website, and app it has become easier for businesses to connect and grow.
6. Pharma Flair
The platform has a verified status and is a stage that connects verified suppliers and healthcare manufacturers. You can also join as a seller, or distributor, or open a business franchise within the platform. You can sell as many products as you want just like ayurvedic, common disease medicine, medical equipment, and derma. Pharmflair has some top-notch features that include a self-guiding homepage, brief manufacturer details, and actionable forms.
7. Made in China
This platform is also an authentic name to add, this B2B marketplace is created for suppliers and manufacturers to help them connect and trade online. It is one of the premium names that are involved in online B2B trade, with an efficient system. Users can choose their mode of payment in order to deliver pharmaceutical products to their region, where there is an unavailability of products. They have a seamless system in which they work and are continuously flourishing in the matter.
8. EC21
EC21 is a premium name working in the line of B2B platforms that cater to pharma businesses whether they want to buy or sell. This platform has taken the world by storm and is continuously working with businesses, and allowing them to grow. EC21 is an Asian-based B2B marketplace, yet they have spread out in the world opening all doors for international trade. They have a distinct website and have been continuously creating robust opportunities to create a difference and ease in online trading. They also initiated different trade fairs to help businesses come closer.
9. MedCombo
MedCombo is a good name for selling or buying pharmaceutical products. Businesses can join this platform, and start selling their medical equipment and promote them to build a tristable relationship on the platform. It is open to manufacturers, suppliers, and distributors. Being an international platform, it is available in multiple languages for people to understand. Each page on the website is created well, as there are links attached that help in reaching the right landing page.
10. Amazon Business
To keep it authentic Amazon Business cannot be left out of the list. Amazon has created their B2B wing to cater for businesses that buy or sell in bulk. Over the years, they have the finest solution to everything, and with this initiative, they have earned more credibility under their name. Amazon Business is creating opportunities for small businesses manufacturers, and suppliers to create more opportunities.
The Final Key Takeaways
So, it is understandable that pharmaceutical products are among the most needed products. The world constantly looks after pharmaceutical products, and therefore eCommerce B2B is a pivotal source of getting hands on them in bulk. These platforms are working successfully, setting some great examples in international trade. So, whether it is eWorldTrade or any other platform, they are a road to success as well as finding the best products.
