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India Market Strategy For An Active Wound Care Product: Orbees Medical Case Study

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Orbees Medical was engaged to help a mid-size wound care company develop an entry strategy for the Indian market. Orbees conducted primary and secondary research on the Indian wound care market size and structure, market dynamics, treatment practices, distribution networks, regulations, and competitors. Orbees concluded that while acute and chronic wounds are common in India, the market is not large for novel therapies and traditional low-cost options dominate currently. However, advanced products are gaining share. Most multinationals use multiple distributors to cover India and retain up to 60% of the product price. Orbees delivered a presentation with recommendations, interview transcripts, a market model, and pricing analysis to help the client devise an optimal India

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India Market Strategy For An Active Wound Care Product: Orbees Medical Case Study

Uploaded by

Vidhi Upadhyay
39 views2 pages
Orbees Medical was engaged to help a mid-size wound care company develop an entry strategy for the Indian market. Orbees conducted primary and secondary research on the Indian wound care market size and structure, market dynamics, treatment practices, distribution networks, regulations, and competitors. Orbees concluded that while acute and chronic wounds are common in India, the market is not large for novel therapies and traditional low-cost options dominate currently. However, advanced products are gaining share. Most multinationals use multiple distributors to cover India and retain up to 60% of the product price. Orbees delivered a presentation with recommendations, interview transcripts, a market model, and pricing analysis to help the client devise an optimal India

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Orbees Medical was engaged to help a mid-size wound care company develop an entry strategy for the Indian market. Orbees conducted primary and secondary research on the Indian wound care market size and structure, market dynamics, treatment practices, distribution networks, regulations, and competitors. Orbees concluded that while acute and chronic wounds are common in India, the market is not large for novel therapies and traditional low-cost options dominate currently. However, advanced products are gaining share. Most multinationals use multiple distributors to cover India and retain up to 60% of the product price. Orbees delivered a presentation with recommendations, interview transcripts, a market model, and pricing analysis to help the client devise an optimal India

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
39 views2 pages

India Market Strategy For An Active Wound Care Product: Orbees Medical Case Study

Uploaded by

Vidhi Upadhyay
Orbees Medical was engaged to help a mid-size wound care company develop an entry strategy for the Indian market. Orbees conducted primary and secondary research on the Indian wound care market size and structure, market dynamics, treatment practices, distribution networks, regulations, and competitors. Orbees concluded that while acute and chronic wounds are common in India, the market is not large for novel therapies and traditional low-cost options dominate currently. However, advanced products are gaining share. Most multinationals use multiple distributors to cover India and retain up to 60% of the product price. Orbees delivered a presentation with recommendations, interview transcripts, a market model, and pricing analysis to help the client devise an optimal India

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Orbees Medical Case Study 

India market strategy for an active wound care product 
Client Need

The Client, a mid-size company with several would care products and significant
operations in China and United States, was planning to enter India. The client had
chosen a botanical ointment delivered with or without a device as their first product in
Indian market. The product has been marketed for 20 years and is now sold in 23
countries as a topical pharmaceutical. The company wanted to reproduce its
tremendous clinical and commercial success in India.

The client was planning to set up a fully owned subsidiary in New Delhi, India, and
was considering partnership options for strategic marketing and distribution in India
after the regulatory approval in India. The client engaged Orbees Medical to conduct
due diligence on Indian wound care market, develop a market model, and devise an
optimal go-to-market strategy.

Orbees Solution

Orbees carried out primary and secondary research to collect data for the following:

¾ The size and the structure of the wound care market in India

¾ The market dynamics and forces that influence the market

¾ The patient care path and treatment options

¾ The perception of doctors and patients perception about wound care in India

¾ The distribution network in India

¾ The regulatory landscape in India

¾ The competitors, their products, positioning, and pricing

¾ The marketing and distribution strategies followed by other wound care


products in India

Orbees Deliverables

Orbees Medical concluded that although the incidence rates of acute and chronic
wounds are high in India, the market is not very large for novel therapies; the
traditional low-cost wound care products are still the choice of treatment at present.
However, advanced and active wound care products are increasingly being
introduced in the market and are gaining market share. Most of the multinationals
own the marketing of their products and use multiple distributors to cover various
regions of India. The distribution in India is getting more organized and manufacturer
retains up to 60% of the manufacturer retail price (MRP).

 
 
The report also included an in-depth competitive analysis and a market model. A
pricing analysis was also carried out for the wound care ointment based on various
factors such as product positioning, competitive pricing, and product’s perceived
value. The deliverables included:

¾ A PowerPoint deck with extensive analysis and recommendation

¾ The transcripts of the physician and distributors interviews

¾ Market Model and Pricing analysis

Orbees Deliverable Sample Slides

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