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| November 2008 | ||||||||
The Perfect Storm in Pharmaceutical Marketing Research -and What to Do About It
Historically, those of us in the
pharmaceutical marketplace have always
considered ourselves, due to the nature of
the products we provide, largely insulated
from the vagaries of the economy at large.
"People will always get sick and need our
products, regardless of economic conditions,"
we often observed as pharmaceutical
companies. And the agencies that serviced
the industry in fields such as marketing
research continued to experience double-digit
growth during good times and bad.
Times are changing, however. As 2008 comes to
an end, there is a perfect
storm brewing in which the confluence of bad
times in the pharmaceutical industry and
horrible times in the world economy come
together with potentially disastrous results
for those of us on both sides of the table in
pharmaceutical marketing research. In
response to this situation, this month's
published document for The Orange Pages
discusses three strategic directions that
will be taken by marketing research
companies, which in turn will impact the
marketing researchers sitting on the client
side of the table.
GfK Reveals Most Effective Sales Forces
Which pharma company earned the coveted spot
for having the most effective sales force
this year? How do current rankings compare
with last year? These questions are answered
as part of the cover story on pharmaceutical
sales forces in Medical Marketing &
Media's
November issue, where GfK Market Measures
reveals the results of its industry benchmark
2008 sales force effectiveness study.
According to GfK Market Measures' study,
because of its ability to adapt to customer
needs and preferences, Pfizer once again
leads the pack as the most effective sales
force, according to physicians. Merck,
GlaxoSmithKline, Novartis, AstraZeneca and
Eli Lilly follow close behind, maintaining
their spot as top-tier companies with
effective sales forces.
Pharmaceutical Markets in Asia: An Overview
By Keren Priyadarshini, Director, GfK
HealthCare Asia
This article will give a snapshot of the
pharmaceutical growth opportunities in Asia.
In particular, it will highlight the growth
markets (China, India and Singapore), the
mature market (Japan) and other potential
Asian markets (South Korea, Taiwan, Malaysia,
Thailand, Indonesia and the Philippines).
Asia accounts for more than 60 percent of the
world's population and offers both a large,
relatively low-cost workforce in some
countries and a potentially huge
pharmaceutical market. Around a third of the
world's population lives in China and India
alone. This region could be central to the
future of the global pharmaceutical economy.
Like other industries, the pharmaceutical
industry faces a new array of Asia-specific
opportunities and challenges. Success in
meeting these challenges will go to those
pharmaceutical companies that best understand
the unique strengths and constraints of
Asia's diverse cultures, talents and markets.
Did You Miss the October Issue of Topline?
Click
here to read the issue, which includes:
Topline
archive is available. Skim the
directory and select
articles you missed. Access subscriber
opt-in/comment form.
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Sales Force Effectiveness - 2008 Well, it is that time of year again. GfK Market Measures recently reported the findings of the large-scale quantitative project it conducts annually to determine physician perceptions of sales force activities. Looking at this service year to year, I believe, helps significantly in keeping tabs on the effect - both positive and negative - that our Pharmaceutical Sales Representatives (PSRs) have in the field, and thus helps us fine tune this very important, and very expensive, promotional resource. Because of the robustness of the findings of this project, I will not attempt to cover them all here, let alone duplicate the elaborate charts included in this study. Rather, I will simply attempt to give you my overview on how these findings differ from previous years and how they should direct our efforts in the year to come. For more detail and specifics, I would refer you to the GfK Market Measures professional with whom you work most closely. Methodologically, let it first be noted that, as always, Market Measures included a large number of physicians in this study, with more than 800 doctors from 12 key specialties participating... Richard B. Vanderveer, Ph.D. Group Chief Executive Officer GfK U.S. Healthcare Companies Research Highlights: Rheumatology and
Female Health
Data Download provides highlights of recently released data from GfK Market Measures' Therapeutic Class Studies (TCS). Based on primary market research, TCS provide in-depth analysis of market trends, physician practice patterns and competitive brand positioning. This month's selections cover research from studies conducted in the areas of rheumatoid arthritis and osteoporosis. |
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