Global Direct To Consumer Pharmaceutical Advertising Market Overview:
Direct-to-consumer advertising of prescription drugs is a powerful force in the health care market. Proponents claim that good direct-to-consumer advertising educates and empowers patients in their relationship with their health care providers. Furthermore, they assert that direct-to-consumer advertising provides an opportunity for patients to talk with providers about under-diagnosed and under-treated medical conditions and may lead to improved health outcomes. In order to be successful at this task, physicians need to be optimally informed about direct-to-consumer advertising and its effects on health care practice.
Growth Drivers
- Increasing their expenditure on advertising of drug
Roadblocks
- Limited Expertise and higher cost of professional services
Opportunities
- Rise in campaigns activities of marketing for new drug
Challenges
- Rise in case of false advertisements or misleading
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Johnson & Johnson (united States), Pfizer (United States), Merck & Co (United States) and GlaxoSmithKline and Roche (United Kingdom). Considering Market by Medium, the sub-segment i.e. Television will boost the Direct To Consumer Pharmaceutical Advertising market.
What Can be Explored with the Direct To Consumer Pharmaceutical Advertising Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Direct To Consumer Pharmaceutical Advertising Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Direct To Consumer Pharmaceutical Advertising
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Direct To Consumer Pharmaceutical Advertising market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Direct To Consumer Pharmaceutical Advertising market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Direct To Consumer Pharmaceutical Advertising Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.