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Zoom Rx recently polled HCPs and found 78% of physicians want to maintain some contact with pharmareps. The most desired information doctors now want is about patient assistance programs, with 49% saying they want pharmareps to provide that information. So is the future of HCP marketing digital? Where to start?
Introduction In the highly regulated pharmaceutical industry, audience engagement is more than just a marketing goalit is a necessity for building trust with healthcare professionals (HCPs) and patients. But how can pharma brands create meaningful connections in a digital landscape crowded with content?
OPENING: Pharma companies are starting to embrace digital marketing forced, in large part, by changes brought on by the pandemic. Digital marketing is becoming a valuable tool. HCPs said they still want to learn about new treatments and interact with pharma sales reps – they just want to do so in different ways.
Back to HCP’s…digitization can’t replace the relationships that pharmareps and MLS people build with doctors. For HCP marketing it will be PART of the mix but won’t yet replace in-person reps. So what is the future of digitization within healthcare?
As HCPs get more digitally savvy, pharmamarketers should understand that engaging physicians through channels and time of their preference with content relevant to the individual customer. is no more an option but a critical factor to ensure success for any multichannel marketing initiatives.
Here are some common issues that I find: 1ne: The click-stream research shows that people go to many other health websites to collect information after leaving a pharma product website. Newer products have a lower bounce rate, while products that have been on the market longer have higher bounce rates. So what’s the answer?
In addition, 62% of HCPs are overwhelmed by product-related promotional content pushed by pharma companies on the various digital channels. I maintain a network of thought leaders in several health conditions, and they all have one thing in common: pharmareps and messages are becoming more irrelevant.
For pharma sales reps, these programs are not just tools for market penetration – they’re lifelines that improve healthcare accessibility across the country. How Drug Access Programs Shape My Role As a pharmarep, I’ve seen the real, transformative impact of these programs. What Are Drug Access Programs?
Imagine spending weeks building trust with a doctor or pharmacist, only to find out that counterfeit versions of your product are circulating in the market. It’s a reality for many of us in pharma sales in Malaysia. Why This Hits Close to Home for PharmaReps As someone in pharma sales, this problem feels personal.
I decided to call some more physicians within my network and ask about online visits from pharmareps. When I asked why the nurse at the front desk said that they are overwhelmed with patients who are finally coming out of Covid hibernation. They also said that trying to schedule MRIs and CAT scans is almost impossible.
Some of the questions we quizzed the physicians with focused on their thoughts around interactions with pharmareps. And the responses suggest an increasingly difficult future for the reps working in the EU5 markets. Our research reinforced that physicians are using multiple, varied channels in Europe.
Across industries, sales leaders are struggling to keep morale and engagement up while they push for higher revenue, margins and market share. But inevitably, they discover that “coaching” the pharmarep to make 40 calls a week instead of 25 doesn’t move the needle.
These ‘lucky’ market breaks don’t happen often, but when they do, they can open doors for your products to gain a foothold. What Are Market Breaks? Market breaks occur when a competitor’s product goes out of stock, creating a gap in the market. One such golden moment? When your competitors face stock shortages.
Whether companies are using two channels or 10, recognising the intrinsic effectiveness of how they relate customer messages is, and will become, more and more critical to differentiate in the market and ensure life sciences companies are not diluting their promotional efforts.
Point-of-Care marketers had to make a lot of adjustments as the pandemic completely upended the experience of patients seeing their doctor and getting their medications. What will marketers need to do differently? What will be the biggest changes in the point of care marketing space in 2023 and beyond? Focus on Market Research.
On the physician front, the core technology that is powering meetings between a physician and patient is also making engagement between a pharmarep and a physician possible. Similar to the spike in the use of telemedicine between patients and physicians, there has been a spike in virtual detailing between pharmareps and physicians.
Pharmaceutical sales representatives (often times referred to as pharmareps) are hired by pharmaceutical/biotech companies to educate healthcare providers (HCPs) such as physicians, pharmacists, nurses, and physician assistants (PAs) on their company’s product. There are two sets of skills necessary to become an effective pharmarep.
Ways Pharma sales reps and MSLs are the same: Truly, the main similarity between both roles is that Pharmareps and MSLs are both field facing teams. So both MSLs and sales reps should be on their “A” game at all times!
A decade ago, pharmareps could easily book in-person meetings with doctors, build lasting relationships, and crush their sales quotas. We have yet to talk about the increased level of competition that modern reps have to deal with. We have yet to talk about the increased level of competition that modern reps have to deal with.
Pharmareps are especially critical when it comes to product information, with 55% of all U.S. Reps are an especially important source of product info for dermatologists (73%), GPs (63%), gastroenterologists, and orthopedic surgeons (61%). Channel Use in Flux. Life sciences companies’ owned channels remain relevant.
Technological advancements, shifting market dynamics, and updated regulations are leading to significant changes within the pharmaceutical industry. Pharmaceutical representatives (pharmareps) are facing new challenges as a result of these transformations that have drastically altered the pharmaceutical sales landscape.
As one of our clients at a major pharma company recently said, “Virtual is here to stay,” which is why they engaged Storyvine to improve their sales via an alternative, but still personal, method of engaging with HCPs. Solution: 86% of businesses use video as a marketing tool.
Also, already before the COVID-19 pandemic, many physicians began to restrict visits from pharmareps in some way, and the majority of offices had variable access policies governing pharmarep visits. Medical device sales reps are facing the same challenges and this is why this subject is so important.
Walters, MHA, NREMT, Practice Director – Tyler Market at Texas Oncology. “We And it is highly customizable so we can include important messages from HR, marketing and administration and with the interactive features, we can include more of our team in important conversations.”
This focus on ethical practices instilled a sense of pride and accountability in us as reps. In contrast, reps from generic pharmaceutical companies often had a different experience. Their training centered more on market competition and cost-efficiency.
As pharmareps’ access to physicians continues to decline, this case study examines the effectiveness of reaching physicians through other means—the EHR. 3 Sales reps’ meetings with physicians also shifted from 64% in-person prior to the COVID-19 pandemic to 65% virtual during the pandemic. THE CHALLENGE. THE SOLUTION.
In this deep dive, we will explore how much do pharmaceutical sales reps make, the factors that influence pharmaceutical sales rep salaries and provide insights into what you can expect in terms of compensation in this field.
While digital channels are gaining traction, there’s an interesting paradox HCPs still place immense value on face-to-face interactions with pharmareps. Close-Up International’s CRM solution empowers pharma companies to adapt their resource allocation and deployment models seamlessly.
For pharma sales in Malaysia, OTC medications represent a unique market segment. Unlike prescription drugs, the success of OTC products often depends on how well they’re marketed to consumers and trusted by pharmacists. Building relationships with pharmacists, who recommend these products daily, is key.
Seize the Opportunity In the past, manufacturers wouldn’t dream of launching a new drug without a team of field representatives to market and sell it. As a former pharmarep and district manager, I would value any tool that echoed my brand’s message to HCPs. Reps spend most of their time identifying patient type and efficacy.
According to Veeva Pulse data , COVID-19 has accelerated the shift to digital for life sciences, with significant growth in remote and digital engagement since early 2020, and a 10X increase of HCPs using three or more channels in their engagement with pharma 1.
Eh, you know lah, selling medicine here isn't like anywhere else," says Amir, a veteran pharmarep, as he expertly pulls a stream of tea between two cups. Public or Private: Choosing Your Sales Battleground Navigating the Malaysian healthcare system is like trying to find your way through a pasar malam (night market) on a busy weekend.
From cutting-edge training techniques that break the mold, to the latest industry trends making waves, and the career development hacks every pharmarep should know – we've got it all covered. Regulation changes, like the introduction of the Prescription Drug Marketing Act in the 1980s, brought about a more structured approach.
Pharmaceutical sales representatives (commonly known as “pharmareps” or “drug reps”) are responsible for promoting and educating healthcare providers about their company’s products, with the ultimate goal of increasing product sales and market share.
It’s the MedTech versus medical devices, and we have the pharma division. A lot of folks do know pharma sales, pharmareps, Big Pharma, or however you want to describe it, but MedTech is a space that’s very comprehensive. We all know what the markets were doing in 2008. I will start from a macro level.
One specific product is still fairly new to the market and extremely disruptive in the space. I would say it’s equivalent probably to a pharmarep. Is it the same as in any medical sales rep if you want the manager and then if you want the executive, or are they different? For me, that is an attractive point.
Savvy marketers will focus on eight tactics to capitalize on these trends and meet HCPs where they congregate on social media. AI will also help marketers determine what works and what doesn’t. million self-identified HCPs on the platform to pharmamarketers. Look for TikTok to merchandise the 4.7
In 2024, the market is projected to generate approximately US$1.7 Sales representatives sometimes encounter unexpected opportunities, such as market openings due to competitor shortages, highlighting the need for adaptability and strong interpersonal skills [ source ]. billion in revenue, with expectations to reach US$2.1
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