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Targeting and Segmentation |
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Loudon China has experience in
providing TA sales potential assessments for each hospital
and city.
About 140 Chinese cities have a population of more than
500,000 citizens. A large MNC has sales reps in about 150
cities, and total sales in about 250 cities' hospitals.
There is a strategic decision to be made regarding how many
cities to cover in short term, mid term and long term.
According to MoH statistics, in 2006 China has about 18,000
hospitals at county level or above. When introducing a new
product, it is important to decide, which hospitals to
target, and the goal regarding percentage of market in terms
of TA sales.
For marketing management, the key issue would be what size
of sale force is appropriate for each TA to get the maximum
return of the sales force investment.
A traditional ad hoc study cannot completely solve this
problem because China is geographically so large &
economically so divergent, sampling small number of cities
is not enough to represent the total Chinese market.
Loudon China provides our solution to this issue from a new
perspective and adopted cost-effective methodology. We
simulate and project each hospital and city TA sales
potential of specific TA, and suggest options for
pharmaceutical companies targeting of hospitals in general
and individual hospitals in the targeted segments. To
integrate with our consulting service, we provide relevant
information and data to management, scenarios by broadness
(number of hospitals or hospital groups) and depth (number
of cities) of target hospitals and cities, and resources
needed. Options of market entry strategies could be
compared, and the sales force allocation strategy could also
be fine-tuned. |
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