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Pharma S&M Analytics - Tata Consultancy Services

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Possible Strategies<br />

Some possible strategies to comply with current prevailing regulatory environment from an Sales & Marketing<br />

perspective are listed in this section. An unbiased approach in terms of communication, education to physicians to<br />

improve prescribing habits and in turn patient outcomes are based on:<br />

• Appropriate and right communication to right customers.<br />

• Evaluating type, ways and means of communication.<br />

• Validation of communication.<br />

Promotional activities with focus on providing optimal cost effective treatments are based on:<br />

• Physician-patient interests<br />

• Meaningful and effective communication that can balance the business and customer benefits.<br />

• Third-party financial arrangements should incentivize compliance all along the supply chain.<br />

Focus on pharmacovigilaince and drug safety activities that have tremendous impact on entire product life cycle<br />

(PLC) are based on:<br />

• Tracking adverse effects and untoward side effects for the marketed product in a proper form or method.<br />

• Post market surveillance studies<br />

Changing Customer - Market Dynamics<br />

<strong>Pharma</strong>ceutical industry is witnessing one of the greatest transformations in terms of customer–market dynamics.<br />

Not only the key changes like emergence of specialty and super specialty segments, increased regulatory<br />

constraints, focus on sub groups in various therapy areas and information explosion in recent times have made the<br />

situation complex, but also complicated for the pharmaceutical companies to have a right and meaningful market<br />

strategy that can address customers in an appropriate way.<br />

Past Scenario in Customer-Market Dynamics<br />

• Majority of doctors were general practitioners and physicians<br />

• Specialty medicine and super specialty were at the verge of emergence<br />

• Needs, wants and expectations were not given importance in company’s expectations<br />

• Products had clear cut benefits over predecessors<br />

• Scientific data was simple, understandable and easily interpretable<br />

• Manageable R&D costs and less burden on Sales & Marketing teams<br />

• Congenial and flexible regulatory environment with very less specifications and norms<br />

• Less legal and insurance hassles<br />

Current and Emerging Scenario in Customer-Market Dynamics<br />

• Emergence of sub-groups as important areas of focus<br />

• Specialty and super specialty segments<br />

• Emergence of physicians as ‘valued partners’<br />

• Patient as a focal point<br />

• Direct to consumer marketing<br />

• Healthcare network<br />

• Personalized medicine<br />

• Rising R&D costs<br />

• Increased medical and regulatory constraints<br />

• More legal and insurance hassles<br />

Changing Scenario in Sales and Marketing of <strong>Pharma</strong>ceutical Industry: Role of IT<br />

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