PHARMA BRAND PLANNING IN 2024: CONSIDER THESE 3 FACTORS

Every year, pharma marketing teams engage in multi-phased, cross-functional, multi-organizational strategic planning and also in aligning work-stream dubbed “Brand Planning” by many in the industry. Brand planning is often a three-phased process that includes Strategic Planning, Tactical Planning, and Budget Planning. Every quarter, marketing teams (Consumer, HCP, and Payer) align on the brand’s mission, strategic…

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Creative Leave Behind Literatures (LBLs) That 9 X Doctor Engagement

Leave Behind Literatures (LBLs) serves as a powerful tool that allows pharmaceutical marketers to provide tangible resources for doctors to refer to. Here are 9 innovative LBL ideas that enhance engagement with healthcare professionals. Pharmacogenomic Personalized LBLs – Create LBLs that incorporate a patient’s genetic information. Tailor drug information based on a patient’s specific genetic…

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Payment delays for pharma MSMEs are a significant problem

Background Small and medium-sized businesses (SMEs) are the backbone of India’s economy, creating a large amount of jobs and spurring economic expansion. Delay in payments is one of the main issues MSMEs in India deal with, though. Delayed payments put SMEs at a disadvantage compared to large size counterparts, inhibiting their ability to compete effectively…

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Understand the pivotal role that medical journals play for physicians: The ideal method of pharma-doctor engagement

Medical publications are often highly valued by doctors because they are essential to their professional practice and continuous education. The main source of new and up-to-date information on medical research, clinical trials, treatment recommendations, and developments in medical science is medical journals. Medical publications are valued by doctors for the following 10 reasons: Current Information:…

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International Product Management: Navigating the complexities of international markets, including regulatory variations, pricing dynamics, cultural differences, and market access challenges

Globally, market access has drawn a lot of attention as nations struggle to control their rising healthcare costs amid the international economic downturn. Governments have responded by implementing more stringent guidelines for the approval of new products. As a result, pharmaceutical firms are having a harder time addressing the unique issues brought up by diverse…

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How to choose the ideal KOLs for pharmaceutical marketing

Introduction Bringing your medications to market and establishing trust can be challenging processes. Healthcare professionals (HCPs) with substantial knowledge in particular therapeutic areas (TAs) of the pharmaceutical sector are known as key opinion leaders (KOLs) in the industry. Pharma companies need recommendations from professionals and word-of-mouth advertising. KOLs in the pharmaceutical industry are crucial in…

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Regulatory Compliance: Ensuring that pharmaceutical products meet all regulatory requirements and guidelines, including safety, efficacy, labelling, and post-marketing surveillance

From the examination of raw materials through the release of the finished packaged product, Quality Control Authorities like Central Drugs Standard Control Organisation in India established under the Drugs & Cosmetics Act, 1940. Central Drugs Standard Control Organisation (earlier known as Drugs Controller General of India) are essential to the pharmaceutical production process. They play…

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Pharmaceutical product positioning

The process of giving a pharmaceutical product a unique identity on the market is called pharmaceutical product positioning. It entails recognising the special qualities and advantages of your product and conveying them to the intended market in a way that sets it apart from rival goods. Your pharmaceutical firm can gain a competitive edge, boost…

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How pharma knowledge and marketing influences prescriptions written by doctors

Knowledge marketing is a crucial method for influencing doctors’ prescription practises in the pharmaceutical business. Pharma marketers employ various knowledge marketing strategies and initiatives with the goal of influencing HCPs’ prescribing behaviour. These consist of: Programmes for continuing medical education (CME), both online and offline. E-detailing, or physical LBLs in which a medical representative uses…

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Must know facts about Video marketing in Healthcare

Different types of video media are used in video marketing to advertise and market the goods and services offered by healthcare companies. An astounding 86% of healthcare companies use video marketing as a marketing strategy. The effectiveness of video as a marketing tool is also attributed to its extremely shareable nature. It tries to draw…

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Factors that distinguish the pharmaceutical from the FMCG industry?

The pharmaceutical sector is known for having a robust R&D and a sizable sales staff. However, over time, pharmaceutical businesses have encountered a number of difficulties, including high R&D costs, product patent expirations that coincide with price erosion, and the consolidation of pharmaceutical firms. Figure 1: The following illustrates a schematic view of the distinctions…

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7 SECRETS OF TOP PHARMA BRANDING AWARENESS

Brand awareness, used in marketing, refers to how well customers can name a product. Customers’ awareness of the brand should ideally include favorable opinions about the characteristics that set the product apart from its rivals. Promotion of a new product or reinvigoration of an established brand both needs building brand awareness. These are some points…

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FIVE IDEAS FOR UTILIZING MEDICAL WHITE PAPER

1. Select Relevant White Paper Topics White papers are supposed to educate your target audience, therefore you must first decide if you are writing for your patients or colleagues. White papers have historically listed the advantages and attributes of a specific good or service. These days, they inform, educate, and naturally persuade readers curious about…

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TOP 5 DESIGN ADVICE FOR PHARMA COMPANIES IN 2023

Recent years have seen a significant trend toward social media marketing and online interactive PDF brochures, however everything is still set up to be printed if necessary. Since conferences are once again a thing, there is a ton of advertising for businesses surrounding them in the form of stands and pop-ups. KEY POINTS FOR PHARMA…

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5 DIGITAL MARKETING TIPS FOR THE PHARMA INDUSTRY

1. COLLECT INFORMATION FROM MULTIPLE SOURCES Knowing your target market should be the first step in any marketing strategy. This is now achievable with unmatched accuracy thanks to technological advancements. To enhance digital marketing, pharmaceutical businesses should also make advantage of user data. People use search engines to look for conditions and products, adding keywords…

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2022 Indian Pharma Marketing Excellence Awards

The Nationwide Pharma Marketing Excellence Awards 2022 are designed to recognize individuals who have contributed to developing innovative pharmaceutical products and services that may aid in providing patients with top-notch healthcare. They honor the initiative and dedication of specific individuals who toiled in the background and oversaw advancements in general healthcare for the benefit of…

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FIVE VITAL PHARMA MARKETING TRENDS TO WATCH IN 2023

AI and marketing automation Marketing automation tracks user behavior and content consumption across a variety of channels, including clicks on social media and page views. This moves the emphasis to engagement and gives pharma businesses the opportunity to personalize and template the information to maintain client interest. Additionally, it gives the company the ability to…

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THE NEW REALITY OF ESTABLISHING A CORPORATE BRAND IN THE PHARMACEUTICAL INDUSTRY

Introduction The global pandemic has raised everyone’s awareness of the importance of healthcare. During the rush to develop COVID-19 vaccines, an unexpected thing happened: The public view of the pharmaceutical industry improved – and pharmaceutical companies themselves began to become more well-known. Until businesses had their coronavirus vaccines licensed, the names of the companies behind…

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How to Create a Marketing Budget

Know your buyer’s journey The steps your audience takes on their way from prospect to becoming a paying client are referred to as the buyer’s journey. Knowing how your audience interacts with your marketing allows you to better determine where to put your goals and budget to better reach your customers. While defining your buyer’s…

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5 KEY SOCIAL MEDIA MARKETING STRATEGIES FOR PHARMA

You may boost your pharma social media marketing and strengthen your business by following these techniques. The coronavirus epidemic hit the world in 2020, and everything altered in an instant. Due to the economic downturn, several firms had to close their doors. The pharmaceutical business, on the other hand, is operating at full capacity. The…

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