Credit Crunch increased sales at Pharmashelve

Despite the credit crunch, early indication at Pharmashelve, the leading designer and manufacturer of specialist dispensary storage and shelving equipment for pharmacists and health care professionals, is that sales and new business enquiries at Pharmashelve are outstripping those of 2008.

In May alone, 14 new major project enquiries were received at the company covering everything from independent pharmacies looking to purchase a small number of single bays and installing them themselves to major hospital dispensary refurbishments requiring complete design, delivery and installation of many various Pharmashelve items including multiple bays, preparation tables, monitors, lockable cabinets, work tops, under shelf storage and back to back island units.

This trend of increased business activity has also continued throughout June, July and August with a number of significant projects progressing from the design stage towards planning and installation.

The credit crunch has affected many companies during the early stages of 2009 and this has been no different for Pharmashelve, however, unlike many companies across the economic landscape, sales at Pharmashelve have actually been rising above expectations during this period and this has been put down to the credit crunch.

Pharmashelve positions itself as a high quality product at a cost-effective price and it’s this positioning that has helped gain market share. As Pharmacies, Hospitals and retailers look for value for money they have deserted the overpriced solutions and are instead looking for products of equally high quality but at a realist price.

Many of the contracts won by Pharmashelve have been on a competitive tender platform where price and quality are the two single most important award criteria, two elements that Pharmashelve scores very highly on.

The bottom end of the market has also suffered as organisations have realised that to buy cheap is a false economy in a situation where the product is under constant use and early product replacement is an unnecessary cost.

The premium area of the market has equally shrunk as organisations can not justify paying over the odds for a system which is no better than Pharmashelve leaving Pharmashelve free to gain business from both ends of the cost spectrum.

Pharmashelve was originally launched in 2005 to offer space saving solutions to independent pharmacies that needed extra retail space and room to offer consultations to clients.

Since 2005, the number of pharmacies, hospitals, heath centres and even prisons installing Pharmashelve has expanded at a pronominal rate and with it, so has the number of additional products such as multiple bays, preparation tables, monitors, lockable cabinets, work tops, under shelf storage and back to back island units.

Originally only available in the UK, Pharmashelve is now marketed worldwide with sales and distribution channels available across Europe, India, America and the Far East.

Pharmashelve is the latest pharmacy shelving and storage solution developed specifically for pharmacists and health care professionals who are faced with the problem of limited storage and display space within a retail pharmacy or hospital dispensary.

Since its original launch in 2005, Pharmashelve has invested significant resources into research and development in order to bring an ever expanding range of Pharmashelve products and services to the market. Pharmashelve ultimately frees up space within a pharmacy and has many unique storage and display features that can only be found on the Pharmashelve product.