HomeConsultingCaseStudy

Product Evaluation, Benchmarking and End-user Analysis for a Recently Developed E-Clinical Suite

BUSINESS CHALLENGE

This assignment was for a newly developed E-Clinical Suite by a leading global healthcare IT company. The client needed to understand the product standing against top competitors such as Oracle and MediData to plan its marketing and product positioning. The client also wanted to understand the gaps in the product features from the end users of E-clinical solutions, globally. The project also demanded ratings and comparisons of the product for product enhancement.

MnM APPROACH

Secondary research, which involved scanning through company websites, annual reports, corporate presentation, and SEC filings, was conducted to understand the client’s product vis-à-vis competitor products and their features. These sources also helped to understand the geographic reach of the competitors.

Primary research involved identification of key industry experts with extensive usage and technical exposure to EDC and ePRO, sharing the product demo link for hands-on usage of the client’s product along with the questionnaire, and in-depth telephonic interviews to discuss the overall experience. This was followed by detailed analysis of the gathered data to provide strengths and weaknesses of the product and user satisfaction ratings for individual features. Competitor rating analysis was also established through the study.

VALUE DELIVERED

•MnM was able to provide its client with an in-depth understanding of the end-user segmentation, competitive landscape, and the perception of its product among clinical trial investigators, principal investigators, clinical data management experts, and clinical research associates, etc.
•Strategic recommendations were used by the client to formulate a product development and positioning strategy by incorporating new features which addressed the unmet needs of their customers.
•The client was able to penetrate about 10% of the end-user market in the U.S. within one year of product launch and later launched the product in Europe as well.

Request Most Relevant Case Study for your business

  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email
    • Phone
    • Professional and social network (Linkedin, etc)
7 4 3 5 0  
How can we help you?

To discuss how our team can help you and your business achieve true results,
Get in touch with us

Our Team

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status