A Short Guide to Pharmaceutical Market Research
Pharmaceutical market research is concerned with gathering, analyzing, and interpreting facts and information on the market environment of a certain pharmaceutical product - generally speaking, a medical medication. Prior to launching a new pharmaceutical product into the market, it is critical to do thorough market research to acquire an accurate and objective picture of the marketing possibilities and dangers connected with that product. Another area in which pharmaceutical market research is actively engaged is the testing of promotional materials – for example, advertising, commercials, giveaways, etc. Steps It is possible to categorize the phases of a market research pharmaceutical study into the following main categories. An examination of the study's goal Deciding on the best research strategy Research question elucidation and formulation Recruitment and selection of participants for the research Data collection and organization Analyzing the information gathered Statistic...