Emerging U.S. EDetailing Markets for Life Sciences

Frost & Sullivan
July 13, 2005
SKU: MC1130327
License type:
Countries covered: United States

Emerging U.S. EDetailing Markets for Life Sciences

 

Channel Growth Leads to Expansion of eDetailing Markets for the Life Sciences Industry

eDetail companies have focused on garnering new business through pilot programs and customer retention initiatives, prompting life science companies to test eDetail solutions. These trials emerged hugely successful and as a result, life sciences companies continue to use eDetail technology. Successful pilots and long-term campaigns are driving large-scale adoption of eDetail technology as a major component in the marketing mix.

This Frost & Sullivan research service looks at the emerging U.S. eDetailing markets and the associated segments - customer, physician, and competing business models. The study discusses the prevailing industry challenges and provides strategic recommendations to overcome them. It also provides information on the growth trends, competitive structure, and market opportunities.

eDetail as Major Marketing Strategy is Driving Market Dynamics

The life sciences industry is convinced that eDetail is a highly effective method for promoting brands and increasing reach among physicians with greater frequency. "Increased contacts with physicians, controlled promotional material, and immediate feedback and reporting analysis help position eDetail ahead of other possible marketing strategies," says the analyst of this research service. "eDetail actively engages physicians with a promotional message and can significantly augment the efforts of sales representatives."

A typical eDetail program reaches 2,500 physicians, while life science companies and eDetailers are beginning to scale campaigns to 10,000 to 20,000 physicians. To achieve this target, they have to use next-generation eDetail technologies and mechanisms that assist in polishing the marketing messages with their broad and robust solutions. eDetail companies transitioning from slide-deck style programs to next-generation, in-depth eDetail interactive programs and marketing services are likely to see significant growth.

Inflection Point Pivotal to the Future of Life Sciences Industry

The inflection point refers to the massive adoption of eDetail solutions by drug companies. While various factors such as internal restructuring of the sales force of life science companies and extensive implementation of their eMarketing strategies necessitate greater use of the eDetail platform, several factors restrain its large-scale adoption. "Nevertheless, companies with superior products and customer service are expected to experience remarkable growth, as several of these companies increase their use of eDetailing or switch to lengthier subscription-based pricing models," notes the analyst.

eDetail providers must devise value-added services and strategies while developing marketing campaigns and harnessing beneficial eDetail concepts and practices. EDetailing can provide considerable return on investment (ROI), which, now more than ever, is encouraging many product and brand managers to implement eDetail programs.


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