Competitive Intelligence, Life Sciences, Market Research
As the healthcare industry continues to experience upheavals induced by the pandemic, it’s now more important than ever to get a detailed overview of customer needs, preferences, and behavior, to align business strategies accordingly.
A leading food and biotechnology corporation wanted to gain a comprehensive view of the patient and treatment landscape of Pediatric Chronic Kidney Disease (CKD), and End-Stage Renal Disease (ERSD) in nine countries, to aid their entry strategy into the pediatric CKD formulae market and assess potential competitive products.
Our client is a renowned food and biotechnology corporation based in Japan that is known for its cutting-edge bioscience and fine chemical technologies, with a focus on amino acid research. While being the biggest producer of amino acids worldwide, their focus segments include the following: seasonings and food, frozen food, healthcare, and others.
Our client sought to gain a comprehensive view of the pediatric patient landscape of Pediatric Chronic Kidney Disease (CKD) and End-Stage Renal Disease (ESRD) in nine countries, including the US, Canada, the UK, Italy, Germany, France, the Netherlands, Spain, and Australia. Furthermore, they wanted to identify and forecast the annual sales of competing goods pertaining to pediatric renal formulas, in the US.
An epidemiological study and market assessment conducted by Netscribes enabled the client to determine the size of the patient market and yearly sales of competing products. In addition, Netscribes evaluated the regulatory and reimbursement environments in the target countries. A holistic approach was taken in the studies conducted:
Evaluating the market and indication landscapes in each region
In order to gain a comprehensive overview of the market and indication landscape in each country, as well as competitive intelligence, we used secondary sources, such as industry publications, company websites, and internal documents, regulatory intelligence, journals, registries, associations, and other articles.
Gathering information from relevant stakeholders
We conducted in-depth interviews with the target groups using Computer-Assisted Telephone Interviewing (CATI). Detailed desk research helped develop both qualitative and quantitative questions for the questionnaire. This was followed by survey programming.
A total of four interviews were conducted across the regions specified in the scope, with each interview lasting around 30 minutes. The target groups were as follows:
Netscribes delivered a detailed report that provided insights into the following:
As a result of these insights, our client gained a comprehensive understanding of the markets they intended to enter and was able to plan meetings with influencers to increase patient access. Consequently, they were able to identify the new goods that will generate significant sales in the future, and prioritize their strategy accordingly.