Go-To-Market or Go-To-Patient Strategy?
Dr. Satish Gupta
COO at PharmaState Academy | Helping Pharma Professionals & Companies in Training, Skilling & Career Growth | Building the Leading & Trusted Global Platform for Pharmaceutical L&D - PharmaState Academy
Preamble
This post is dedicated to Mr. Sanjiv Navangul who was the first to speak about ‘Go-To-Patient Strategy’. It is not ‘Go-To-Market’ but ‘Go-To-Patient Strategy’ for the pharma industry he said. And he walks his talk!??
62 years back Ted Levitt asked a very pertinent question in his article Marketing Myopia which was published in Harvard Business Review: “Do you know which business are you in? Do you know who your customers are?”
The same question is relevant to Pharma India today – “Which business are we in? Who are our customers?”
Undoubtedly, we are in the business of “Prescription generation by enhancing doctor and patient experience”. Having said that, patients also become our customers.
Fortunately, Pharma India is now waking up to the fact that you can no longer ignore patients, who are the true revenue generators for the pharma industry. It is the patients who ultimately pay for the products.
Doctors and patients-guided-by-doctors will be your customers.
Go-To-Patient Strategy
When you're introducing a new product, the first thing which comes to your mind is strategy. And taking a cue from Ted Levitt, the most appropriate would-be keeping patients at the center of all activity. As Philip Kotler also writes: ‘Marketing is identifying the human problem and finding a human solution.’ Pharma marketers need to identify the real patient problem and find a solution.
A good Go-To-Patient Strategy should include
Creating a Go-To-Patient plan can prevent many of the mistakes and oversights that can tank a new product launch.
While a Go-To-Patient strategy may not be a guarantee to prevent failure, it can help you smoothen out any kinks before you invest in your brand-building activities.
A few things you need to remember in a Go-To-Patient strategy.
Product-market fit
This means being in a market where your product can satisfy the needs of that market. Identify a need in the market and develop a solution so compelling that doctors would love to prescribe it for their patients. Dynapar-QPS Spray is an excellent example of product-market-fit. Doctors wanted a gastric-irritation-free solution to diclofenac. Dynapar-QPS Spray directly reaches the site of inflammation and pre-empts gastric irritation.
Your target audience refers to?the doctors whom you have segmented and most likely want your product. Wrong segmentation means sending your resources down the drain.?The waste in resources is an epidemic in Pharma India and is a profit killer.?While segmenting and targeting, know the pain points and frustrations of the doctors and patients which your product can alleviate. What are the problems the patients and doctors are facing and how does your product help?
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You need to study the competitive environment. Do a SWOT-AP analysis of the top brands. Find a weakness in their strength. Will you be able to address that strength??What if the market is over-saturated? How will you tackle this?
Also consider and ask yourself: “Can I create a new segment and a new market”. If you can do that, you are creating a blue ocean where you will be the sole swimmer for a long time, or at least for some time?
Your product should be available to a great mass of people at a reasonable cost. Your product should also be safe. Accessibility also includes distribution both online and offline. Make sure your product is available at e-commerce sites too.
Now, let’s get started. Below is my step-by-step guide to building your own Go-To-Patient strategy.
Let us listen to an actual patient. “When diagnosed as Parkinson’s disease, I felt overwhelmed and as if I was alone in the world. I joined the Parkinson’s disease club supported by a pharma company where I met ‘patients like me’ and found there were many others with my condition. I felt such relief I was not alone. I could communicate so freely with them and that helped me a lot”.
And that patient was none other than my late father. The emotional support he got from ‘patients like me’ was so tremendous which we the caregivers at home couldn’t offer.
Non-adherence to prescribed medication is a serious problem because it affects positive health outcomes. Just imagine the loss of revenues to the pharma industry extrapolating the Capgemini report to the universe. It is a staggering US $395 billion every year for the world. A bit of back-calculation would mean about Rs. 87000 crores every year or about 50 percent of the prescription market in the Indian Pharma Market.?
This can cause a lot of concern not only to the patient but even the caregiver at home. Patient education and caregiver education can help a lot in handling side effects. For instance, when a cancer patient is on chemotherapy or radiation therapy, adequate information must be provided to both to know if the problem is because of the disease or the therapy. This will mitigate the emotional side of the problem.???
They are a powerful yet ignored entity in the patient journey? Does anyone really recognize them and their value in the healthcare system?
As Covid and Omicron cases increase, more and more patients with cancer, Alzheimer’s disease or Parkinson’s disease, the number of caregivers continues to rise, and it’s crucial that pharma companies support caregivers and their pivotal role in patient care.
A ‘Go-To-Patient’ strategy should therefore address the human problem, the patient’s problem. This will give you a tremendous competitive edge.
Written by: Vivek Hattangadi - Chief Mentor The Enablers & PharmaState Academy
Dynamic Marketing Manager II Strategy and Marketing Excellence Expert II Digital Evangelist II Ex Danone II Ex Abbott II Ex Sanofi II
3 年Patient centric approach determines success of every brand . Thanks for sharing . Good read .
Co-Founder & Director at Nabigeta Solutionist.Having 23 years of rich experience in pharmaceutical industry which includes Strategy Management, Sales Management & L&D(Skill Development)
3 年All engagement needs to be considered putting patients at the center. As they are the end users & all brand managers must consider this factor while devising a strategy.
Driving Global Biopharma Projects Via Strategic Alliance Management | Building Revenues & Partnerships | Teamed up with F100 MNCs, start-ups, and pursued independent ventures | Gen AI For Business | International MBA |
3 年Insightful post, Dr. Satish Gupta.
Chief Mentor - "B" (formerly The Enablers)
3 年Sharing Dr. Satish Gupta ??
Experienced business development professional clinical research Phase I to Phase IV.
3 年Good morning! Thanks for this informative post. Sir.