Reaching the Empowered Patient
Opportunities and Challenges in DTC Marketing
| Product Code | FWD00011 |
| Publication Date | February 2010 |
| Publisher | FirstWord |
| Product Type | Report |
| Pages | 53 |
| ISBN Number | not applicable |
Reaching the Empowered Patient
Opportunities and Challenges in DTC Marketing
Direct marketing restrictions are everywhere. Consumers are suspicious. Physicians are shutting their doors to reps and the market is changing.
Bottom line: Lackluster profits across the industry.
But where one door closes, a window opens.
While the $5 billion Direct to Consumer Advertising (DTCA) still faces considerable hurdles and legislative obstacles everywhere but in the US and New Zealand, DTCA is nevertheless a promising growth area for pharmaceutical marketing.
Legislators in the European Union - who've long held a stranglehold on DTCA - are now considering loosening their grip. In doing so, they'll open a portal through which pharmaceutical companies can market non-promotional information such as safety and dosage. According to the British Medicines and Health Care products Regulatory Agency (MHRA), the resulting boost in patient awareness of disease symptomatology and prevention could save the UK up to £630 million a year.
And although the industry as a whole pulled back from DTC marketing in 2008, there are signs of renewed investment - Pfizer increased spending on Lipitor by 319 per cent in the first half of 2009 - and renewed interest in emerging platforms like social media, direct email and the internet. While there are moves afoot by the Food and Drug Administration to publish draft guidelines governing web-based marketing by the end of 2010, the opportunities afforded by new media still hold great promise. But will it be enough?
Key insights into a changing environment
FirstWord's insightful overview of the current and future DTCA environment both in the US and Europe offers critical analysis for an industry in flux. Covering key case studies examining how DTCA budgeting can affect the financial performance of drugs, examples of great - and not so great - ads, as well as highlights of the companies leading the way in social media marketing, the report is a concise, astute summary of where DTCA is, and where it's heading.
The report investigates the current direct to consumer marketing environment to establish:
- A detailed scan of the current and future regulatory environment in the US and Europe
- The net benefits of reinvestment in DTCA, especially in emerging communication platforms
The report:
- Offers a snapshot of the current DTCA market in the US and Europe
- Overviews the successes and failures of the main players, including Pfizer, GSK, Sanofi-aventis, Eli Lilly and Roche
- Details anticipated regulatory hurdles and critical paths to overcome them
- Discusses promising DTCA strategies, challenges and options
- Focuses on opportunities and concerns surrounding emerging communications platforms, such as the internet, social media, web advertising, direct email marketing and YouTube
- Establishes which drug classes grab the most consumer advertising - and details key DTCA competitors
Contents
- Executive summary
- Importance of DTC Marketing
- Benefits of DTC Advertising (DTCA) for Pharmaceutical Companies
- Benefits of DTCA for Patients
- Regulatory Situations
- FDA Rules on DTC Marketing
- The Regulatory Situation in Europe
- Pharmaceutical DTCA Market
- DTCA Channels
- TV Advertising
- The Internet
- Influences Leading Patients to the Drug Sites
- Methods of Online Marketing
- Branded Site Marketing
- Unbranded Site Marketing
- Search Engine Marketing (SEM)
- E-mail Marketing
- Social Media Marketing
- Benefits of Social Media Marketing
- Concerns about Social Media
- Patient Assistance Programs and Loyalty Cards
- Controversial and Less Successful DTC Campaigns
- DTC Trends in the European Market
- Roche Xenical
- Eli Lilly campaign in the UK
- Pfizer Campaign
- Pfizer YouTube in Europe
- Factors Influencing DTC Budgeting in a Pharmaceutical Company
- The Impact of DTC Budgeting - Case Studies
- GSK’s Advair
- Sanofi-aventis’ Ambien
- What Class of Drugs gets the most Consumer Advertising?
- Competitors and DTCA
- How to Measure the Effectiveness of DTC Advertising
- DTC Challenges
- DTCA Controversies
- Emerging Trends for Successful DTC Advertising
- Future DTCA Market Outlook
- Index
