Webinar: How market research can help you tackle the challenges of marketing medical nutrition

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How market research can help you tackle the challenges of marketing medical nutrition Benoît Gouhier Project Director Consumer Health Abigail Joffre Today’s webinar host #SKIMwebinar Share your thoughts online:
  • date post

    19-Oct-2014
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    Education

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Increasingly, nutrition solutions are being developed to help treat or prevent diseases like diabetes, Alzheimer's, sarcopenia, HIV and obesity. Previously, drugs have been predominantly prescribed as the main treatment for these conditions. Nutrition solutions are therefore not yet perceived as an obvious supplement or alternative solution to treat or prevent diseases. Successfully marketing these products presents numerous challenges. In this webinar, Benoit will explain the market research considerations to take into account to successfully address the challenges of marketing consumer nutrition. For more information about our SKIM webinars, please visit http://www.skimgroup.com/webinars.

Transcript of Webinar: How market research can help you tackle the challenges of marketing medical nutrition

Page 1: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

How market research can help you tackle the

challenges of marketing medical nutrition

Benoît Gouhier

Project Director

Consumer Health

Abigail Joffre

Today’s webinar host

#SKIMwebinar

Share your thoughts online:

Page 2: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

SKIM | Consumer Health

OTC drugs

Dietary supplements

Functional foods

Infant and medical foods

Page 4: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

How to effectively use market research in a complex and

changing environment?

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Page 5: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition” 5

Targeting both HCPs and consumers

Making your product relevant to your target audience

Differentiating from drugs and foods/regular nutrition/healthy diet

#1 Low

awareness of

medical foods

and its benefits

#1 Low

awareness of

medical foods

and its benefits

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

What is “it”?

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Is it the same as

Benecol or Actimel?

What makes it different

from a regular diet and

from a drug?

Is it effective?

Is it safe?

Does it have any

active ingredient?

Does it have any

active ingredient?

Is it reimbursed?

Why (not)?

complement to drug therapy?

An alternative or a

complement to drug therapy?

Where can I find it?

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition” 8

effective? Is it really effective?

Metabolic syndrome

Diabetes

Arthritis

Sarcopenia

Dysphagia

Depression

Chronic Fatigue Syndrome

Fibromyalgia Dementia

Osteoporosis

Impaired immune function

Page 9: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

Adopt a 2 step approach when testing a new product concept

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Awareness and

perception of medical

foods

Perception of your

medical food concept

Page 10: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

To collect actionable insights: make sure you describe your product in detail

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Label claim

Product form and

ingredients

Product status

Ingredients

Product form

Taste

Mode of Action

Efficacy Clinical trial, sample composition and sample size, clinical efficacy results

Safety

Any observed side effects?

Any contraindications?

Any patients for which it is not recommended?

Any (unwanted) interactions with other drugs observed?

Target group Describe relevant patients types (e.g. medications currently used).

Product usage

Dose

Regimen

Product usage: meal replacer? Need to adapt current diet/activity level?

Distribution channel and

costs

Distribution channels?

Reimbursement?

Costs per unit / per week

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition” 11

#2 Both HCPs

and consumers

are involved in

the decision

making process

#2 Both HCPs

and consumers

are involved in

the decision

making process

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition” 13

Replicate the real buying decision process when assessing the potential of your product

Fictitious example

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition” 14 14

#3 Medical

foods are

competing with

various other

products and

categories

#3 Medical

foods are

competing with

various other

products and

categories

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

Investigate what exactly you are up against

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Page 17: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

#4 Successful

medical foods

provide

multiple

benefits

#4 Successful

medical foods

provide

multiple

benefits

Convenience

Page 19: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

Developing a winning communication to make your product relevant to your target audience

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Product introduction

Like the benefits?

Overcome the doubts?

Willing to pay the price?

SOLD!

Not reached

Not reached

Not reached

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

Triggers and Barriers To understand communication’s impact on reach, we mimic a conversationconversation between the brand and the consumer

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Identify which

characteristics trigger

them to use a product

1

Define which barriers

prevent them from

using (more) a

product

2 Determine which

benefits and

characteristics

reassure them to the

extent that the barrier

can be overcome

3

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SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

Winning communication

Be respectful Be respectful Be respectful

Be positive

Be specific Be specific Be specific

Be cautious

with jargon

Set yourself

apart

Set yourself

apart

Set yourself

apart Promise value Promise value Promise value

How to build a strong messaging?

On our website: search

for “webinar effective

communication”

On our website: search

for “webinar effective

communication”

Page 22: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

SKIM Webinar “How market research can help you tackle the challenges of marketing medical nutrition”

To sum up

• Medical food is a complex and changing market new

marketing challenges to marketers

• A specific market requires a tailored market research approach

to collect accurate and actionable insights

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Page 23: Webinar: How market research can help you tackle the challenges of marketing medical nutrition

Go to www.skimgroup.com/webinars

for today’s presentation slides and more!

Benoît Gouhier

[email protected]

+41 22 710 0190

@benoigo

Abigail Joffre

[email protected]

+31 10 282 3559

@SKIMgroup

#SKIMwebinar

Share your thoughts online: