The 2020 Changes are Here, Are You Ready?
As I frequently speak to groups in the pharmaceutical industry about the sales and marketing outlook for 2020 and beyond, a question I frequently ask attendees is if they have the determination to meet the challenges and the vision to see themselves as being successful. On top of those two factors, I ask are they willing to have the daily grit to reach their goals?
2020 Will Not Be Easy
The pharmaceutical industry is changing. Despite the fact that the economy is strong, some of the projected 2020 changes that pharmaceutical sales and marketing people will face must be fully understood but more than that, included in every organizational plan.
PricewaterhouseCoopers International Limited (PwC Global) recently released their outlook for the future of the industry. I would like to paraphrase or quote a number of important points, then view them in light of determination, vision and grit.
- The experts warn that sales forces will be smaller, “agile,” and smarter. With that, “Companies will need to demonstrate that their brand adds value to patients and they will have to offer a package of products and health services that the market not only wants and needs but is willing to pay a premium for.”
- “Healthcare policy makers and payers are increasingly mandating what doctors can prescribe.”
- We can expect that government agencies around the world will expand their focus on disease prevention, with less focus on treatment.
- We must acknowledge the “interdependence of the payer, provider and pharmaceutical value chains,” and to that end adopt more flexible pricing models, invest in medicines the market truly needs, and offer greater support services.
- “Create cultures that are suitable for marketing specialist healthcare packages.”
These trends will “encourage” marketing and sales reps to become more knowledge-based, more professional and much more proactive in pushing for true innovation and value.
Business as Usual? Hardly.
European-based BlueNovius B.V., a healthcare education service, recently reviewed the many reasons why PCPs are now refusing to see pharmaceutical sales and marketing people. We have to understand that on an annual average, the average PCP is inundated with about 2,800 inquiries for presentations. It has been estimated that about 80 percent of the time PCPs can find what they need by going on-line. They feel no need to return to the traditional way of doing things.
Relating to the points that PwC addressed above, it is obvious that even with brands that truly add value, if the sales or marketing representative is not determined to make a difference, the most innovative products can fail.
States BlueNovius B.V., “The most effective way of ensuring your sales reps go through physicians’ doors is by offering physicians exactly what they need, instead of bombarding them with canned presentations offering the same data that they’re already aware about.”
Unless marketers and sales representatives offer real knowledge, greater support services and bring a culture of partnership rather than hype, the outcomes for the most promising of products could be lackluster.
Within that framework, who are you? Is your vision one of failure or success, and do you have the grit to ensure that you will make a difference?
To contact Scott Burrows, Pharmaceutical Sales Motivational & Marketing Speaker, contact his office today through this website or by calling: (520) 548-1169