in pharmaceutical industry we can define markets by 1. buyer (adult, children,elderly, women) 2....

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Market segmentation

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Market segmentation

In pharmaceutical industry we can define markets by

1. Buyer (adult, children ,elderly, women)2. Product (aspirin, Tylenol, ibuprofen)3. Formulations (tablet, pill, syrup,

injectables)4. Patient diagnosis (infections, syndromes …

etc)

Market definition

The concept of market segmentation

Reasons for seeking segmentation1. Pharmaceutical market stakeholders are

not homogenous in their wants and needs2. Pharmaceutical companies are unable to

target mass undifferentiated markets in many countries

1. Designing optimal product/market matches2. Proper market segmentation3. Effective advertising media allocation4. Identifying the most appropriate

distribution channels ,and exploiting neglected segments.

Benefits of pharmaceutical market segmentation

Segmentation method

Pharmaceutical marketers should only focus their marketing efforts and resources on market segments with the following characteristics

Successful segmentation