MARKET FEASIBILITY STUDY (Case #6)

Organisation GLOBAL PHARMACEUTICAL COMPANY
Type of Study Highly Strategic Market Feasibility Appraisal
The problem or opportunity To appraise opportunities in the US for two novel medical therapies that were, at that stage, 10 years from market
To advise on further product development & marketing strategies
Approach 71 depth interviews & 20 groups (conducted by three consultants in four weeks), with:
  • Patients
  • PCPs & Specialists
  • Health insurers, managed care organisations
  • Govt health officials
Result
  • One technology was discontinued as the opportunity was limited to a small section of the private market (inadequate ROI)
  • The other had appreciable potential so long as specific therapeutic features and benefits were included.
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