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Business Strategy Consulting for Pharmaceuticals

 

Our knowledgeable and experienced business consultants can help your pharmaceutical company develop a strategy for success in the overseas markets.

Some rapidly growing emerging pharmaceutical markets are quickly becoming key markets for international drug companies around the globe. In order to successfully compete against the local companies and other multinational pharmaceutical companies in, a well-crafted, intelligent business strategy is essential.

F7 Global has a combined experience of more than 60 years with assisting medical companies to find innovative and actionable solutions for their business in the overseas countries. With our vast industry knowledge and deep geographic experience, we help our clients develop strategies that deliver results.

Whether your medical company requires assistance with market researchdistributor search, sourcing and manufacturing, or acquisitions and joint ventures, our business development consultants can work with you to help your business succeed in medical markets of your choice

In order to form an effective business strategy for your pharmaceutical product overseas, you should consider the following important points:

How well will your pharmaceutical product sell in overseas markets? 

High sales for your drug product in the West does not always translate to the same level of sales performance for the product in the overseas markets. The demand for different types of drugs vary from country to country and even from region to region. We can perform the thorough market research necessary to make a well-informed decision regarding which overseas markets are the most appropriate and profitable for your specific pharmaceutical product.

How easy will it be to import your pharmaceutical product into the target countries?
There are many factors that will impact your business strategy, including the existence of competing products in the marketplace, the rate of reimbursement you are able to obtain for your product, and the amount of support you are able to gather from local doctors. Oftentimes, it can be difficult to pass through complicated local regulatory systems. We provide expert, specialized guidance throughout this entire process to ensure that your product is successfully imported into country of your choice.

Are there opportunities for growth for your company overseas?

The overseas markets can be highly competitive and complex to navigate. Without the right business strategy and extensive due diligence, drug companies doing business in internationally face a high risk of significant revenue loss. Our expert consultants can help you devise a winning strategy to set your company on a trajectory of growth in the markets of your choice.

To learn more about how F7 Global can help you develop a successful business strategy in overseas markets for your pharmaceutical product, contact us for a free consultation with our business consultants.

 

Business Strategy Consulting for Medical Devices

With more than 60 years of combined experience, our business strategy consultants can set your medical device company on the path to growth in internationally.

There are tremendous opportunities for medical device companies in overseas, but having an intelligent, sustainable business strategy is key to surviving in the competitive medical markets abroad.

F7 Global has been helping medical companies successfully navigate the terrains of some overseas medical markets. We work closely with our clients to develop winning strategies, drawing on our extensive regional experience and intimate knowledge of the global medical device industry.

Our business consulting process can help at any stage of your business with everything from market research to distributor search and sourcing and manufacturing in major medical markets

When devising a business strategy for your medical product in the overseas medical device markets, there are three key questions that you should consider:

Are you certain your medical device will sell in overseas?  

Just because your medical product has a market in the United States or Europe does not guarantee high sales in every part of the world. Each country – and oftentimes, each region within the country– has different demands. As leading international business consultants, we can provide you with the market research to help you make the right decisions.

Will you be able to import your medical device into overseas markets of your choice?

In some cases, getting state-of-the-art medical technology through the local regulatory systems can be very difficult. Local doctors may have different outlooks on which products to use. Your overseas business strategy will also be affected by a variety of other factors, including the wealth of that country, ability to get local reimbursement, and competing local products.

Are there opportunities for your company to expand in ovearseas medical markets?

Medical device companies with the right business strategy succeed in growing their business internationally. Companies who do not conduct due diligence are at a high risk of facing significant losses in revenue. Our business development consulting experts can assist you in creating the best strategy to help you sell your medical device in the overseas markets.

To learn more about how F7 Global can help you develop a successful business strategy in overseas markets for your pharmaceutical product, contact us for a free consultation with our business consultants.