A fragmented and chaotic drug-distribution system makes it near impossible for healthcare providers to manage their drug procurement efficiently. Healthcare providers in Nigeria have become heavily reliant on open drug markets and unlicensed drug traders to fulfill their pharmaceutical needs. This leaves healthcare providers and the general public susceptible to counterfeit and substandard products while paying more than the average global price for essential medication.
The addressable market for DrugStoc is comprised of licensed healthcare providers in Nigeria, including hospitals, clinics, pharmacies, PPMVs, health insurance companies, NGOs. There are currently over 30,000 healthcare facilities in the country.
DrugStoc innovates to provide all licensed health workers in Nigeria a hassle-free procurement platform to source all the medications, consumables, and small medical devices they need, all the while providing full traceability back to the manufacturer, guaranteeing fast delivery, affordability, and quality.