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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. Before COVID-19, 64% of meetings with pharmasalesreps were held in person. no pharmaceutical reps).
For pharmasalesreps, these programs are not just tools for market penetration – they’re lifelines that improve healthcare accessibility across the country. For reps in Malaysia, promoting these programs is an opportunity to demonstrate the value of their products while contributing to better health outcomes for all.
How A PharmaSalesRep Can Contribute to Society One way that pharmasalesreps can contribute to society is by ensuring that healthcare providers are informed about the latest advances in treatments and therapies. This can have a significant impact on patient outcomes and overall public health.
The absorption, distribution, metabolism, elimination, and mechanism of action of each drug must be considered by all healthcare professionals (HCPs) when deciding the best treatment regimen for their patients, making it a crucial factor in a drugs development and success in the market.
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. When your competitors face stock shortages.
The new era of pharmaceutical digital marketing is coming, and the weakest link in pharmamarketing is getting an upgrade – pharmasalesreps. However, is pharmaceutical digital marketing really the new salesrep or can the two coexist peacefully?
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. What skills are necessary to become a pharmasalesrep?
This capability requires an orchestrated, cross-functional go-to-market model designed to address the needs and engagement preferences of a defined segment of large, complex, and strategically important healthcare systems and groups. How should leading pharma companies respond? Understanding Trends.
Before 2020, the landscape of drug marketing involved following drug approvals by the Food and Drug Administration ( FDA ), finding which patient population would benefit from therapy, and visiting specialized doctors in-person to advertise its advantages compared to current guidelines. Visit ACMA to learn more.
As the healthcare market continues to shift from the pandemic and beyond, nobody fully has their healthcare provider (HCP) digital engagement strategy figured out yet. In the Healthcare Marketers Trend Report 2022 from MM&M, they continually note shifts towards digital materials. New challenges for pharmamarketers post-COVID.
Let’s explore why this preference matters and how it shapes the rural market. How PharmaSalesReps Can Adapt If you’re targeting rural clinics, don’t push too hard to replace established brands. But with patience, persistence, and the right approach, pharmasalesreps can carve out opportunities for newer products.
Rural areas in Malaysia offer a unique challenge for pharmasalesreps. What It Means for PharmaSalesReps If you’re covering rural areas, remember: it’s not about selling a product – it’s about building a relationship. In the long run, these efforts will set you apart in a competitive market.
The healthcare industry is no exception, and for pharmasalesreps engaging with healthcare professionals, human connection is key. But today, communication between your reps and HCPs may be limited, or even embargoed altogether. Fast-tracking digital communication is now the new normal across many industries.
None of this means that pharmaceutical sales are dead. But it does mean that pharmareps need to adjust their sales processes to succeed in 2023 and beyond. Keep reading to learn more about the challenges that pharmasalesreps face and how to overcome them. Here are the four most prominent ones.
3 Salesreps’ meetings with physicians also shifted from 64% in-person prior to the COVID-19 pandemic to 65% virtual during the pandemic. Physicians are also difficult to reach through traditional internet marketing. Increasing Market Awareness Remains a Challenge. PharmaSalesReps are Struggling – Here’s Why.”
But salesreps remain the No. 1 line item in pharma company budgets. companies are paying reps 50-75% over market rates. With conflicting stats like these, its no wonder theres an identity crisis in the sales force. In oncology, the most restricted specialty in the U.S.,
For the pharmaceutical company that has typically invested $2BN in the research and development of an approved drug, there is a huge opportunity to improve the impact of their primary channel to drive adoption of their medicine- the salesrep. Why is success in pharmasales so hard?
How does this new system of limiting access to outsiders, reducing the number of people in the waiting room, and eliminating visits from outsiders impact pharma? Access by pharmasalesrep has been significantly reduced across the board. Does that mean they have no access? Of course not.
Embark on a journey to success in pharmaceutical sales with our comprehensive guide tailored for aspiring representatives. Unveiling the Role of a PharmaSalesRep Pharmaceutical sales representatives (PSRs) play a pivotal role in driving sales for their company’s pharmaceutical products.
While the sales force is still a crucial part of any pharmaceutical company, the demand for Medical Affairs teams continue to rise. How are salesreps and Medical Science Liaisons (MSLs) the same? MSLs are non-promotional, reactively having in-depth scientific discussions about marketed products with KOLs.
For pharmasales 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.
Have you ever noticed how some medicines suddenly become a lot cheaper after being on the market for a few years? Suddenly, the market is full of options, and you can get the same treatment for a fraction of the cost. When a drug’s patent expires, it doesn’t just lower costs for patients – it also shakes up the pharmaceutical market.
The healthcare industry is no exception, and for pharmasalesreps engaging with healthcare professionals, human connection is key. But today, communication between your reps and HCPs may be limited, or even embargoed altogether. Fast-tracking digital communication is now the new normal across many industries.
There are several tools pharmasalesreps can use to enhance their activities and reach new customers. Run Multi-Channel Marketing Programs. Single-channel marketing programs often limit the collaboration between inside and outside sales teams. Make Use of Technology. Use Shared Incentives.
And hey, while we’re on the topic of buying medicines, let me clear up a little misconception: If you’re thinking of buying directly from me or other pharmasalesreps, sorry to disappoint, but that’s not how we roll.
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.
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