The growth can not exactly be tied to increased demand for medicine, but more to an entrepreneur spirit. Among the reasons for the explosion is one there are now more casual conversations about how enticing the margins in the pharmaceutical industry are. This has attracted more people to the business.
Secondly is that entrepreneurs have become crafty and found ways to go round the major barrier that previously prevented many from getting into the business: professional qualifications and certifications. It used to be, and is still by law that for one to start a chemist they need to be registered with the Pharmacy and Poisons Board. This as we will see below is no longer a barrier per se. Related to this is the growth of colleges and universities in the last 13 years which have churned out more professionals in the ‘health industry’, not necessarily pharmacy. This has resulted in an increased pull of knowledge, more professionals seeking jobs and opportunities and eventually more chemists
Flamboyant chemistry
The growth can not exactly be tied to increased demand for medicine, but more to an entrepreneur spirit. Among the reasons for the explosion is one there are now more casual conversations about how enticing the margins in the pharmaceutical industry are. This has attracted more people to the business.
Secondly is that entrepreneurs have become crafty and found ways to go round the major barrier that previously prevented many from getting into the business: professional qualifications and certifications. It used to be, and is still by law that for one to start a chemist they need to be registered with the Pharmacy and Poisons Board. This as we will see below is no longer a barrier per se. Related to this is the growth of colleges and universities in the last 13 years which have churned out more professionals in the ‘health industry’, not necessarily pharmacy. This has resulted in an increased pull of knowledge, more professionals seeking jobs and opportunities and eventually more chemists