Go to market
Succeed in your market launch thanks to a go to market strategy
For more than 30 years, our specialized team has been supporting companies in the definition and implementation of their go to market strategies to successfully launch new products or services in existing markets or to penetrate new markets.
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Key success factors for a go-to-market strategy
A go-to-market strategy is an essential part of bringing a new product or service onto the market. It should offer the client a unique value proposition while bringing a competitive advantage. To be successful, a go-to-market strategy requires consideration of several key factors:
To define your GTM strategy, it is key to first have a thorough understanding of your targeted market to identify the profiles of your customers, their unmet needs and further communicate how your product addresses these needs. Conducting a thorough market research consists of understanding customers’ needs, analyzing market trends, existing products, competition and associated risks and opportunities. These are key considerations for commercial success, ensuring the positioning of your product as a new standard to improve the weakness of existing assets on the market and clearly differentiating from the competition.
How to conduct a successful market research? How to make sure to differentiate from existing products on the market?
A value message communicates your brand’s identity and the value of your productand must capture the attention of the intended customers as well as differentiate the product from its competition. In-depth understanding of your target customer is the foundation of creating a clear and unique value proposition and messageas it should describe the personal added benefit for the user and the problem it addresses. It should also feel relatable as if it demonstrates a thorough understanding of the individual, their pain points and the unmet needs in the market.
How to capture the necessary insights on customers to create a clear value message? How to create a relatable and personal value message?
Sales models define how your product will be distributed to customers. Here also, it’s important to first have a thorough understanding of the intended customer to determine which channels are the most appropriate. Some customers prefer purchasing online whereas for others, it’s more beneficial to be visited by sales representatives in person. You then should define the best omnichannel marketing and sales approach to maximize your market penetration and level of sales. Competitor research can also provide insights on what are the best channels to ensure a high customer reach.
How should the sales model and channels be selected? How should my omnichannel approach look like?
How we support you in your go to market strategy
Launching a new product or service on a market or penetrating a new market with an existing product or service requires rigorous strategic thinking! Especially since go to market strategies are today undergoing a rapid evolution and transformation to adapt to new market requirements (rejection of the historical sales and promotion model, changes in the needs of customers or prescribers, etc.) and to structural trends in our sectors (digitalization, impact of a crisis such as the Covid 19 one, etc.).
From the global strategic go to market vision to the resulting operational action plan, Alcimed supports its clients at all stages of their “go to market plan”:
- Mapping and analysis of the target market
- Definition of the target customers or consumers
- Definition of the value proposition
- Pricing strategy
- Marketing strategy and customer experience
- Distribution model
- Sales action plan…
Our team assists you at each step to build your go to market strategy and successfully introduce your product or service on your target market.
Examples of recent go to market strategies carried out for our clients
Go to market strategy (GTM strategy): launch of a medical device in France
Our team assisted a world leader in the healthcare field in defining its go to market strategy for the launch of a new medical device in France.
By understanding the market context, analyzing the expectations of users and buyers, and by conducting a thorough study of competing strategies, our team helped our client define its go to market plan and more specifically: the marketing positioning and the value proposition of its product, the most appropriate distribution model, the best targeting prioritization, up to the definition of a specific sales pitch that differentiates from competing offers.
Customer experience and digital: rethinking a more digital go to market approach in the oncology field
We supported a leading player in the pharmaceutical industry in redesigning its sales approach towards prescribers to make it more digital.
The Covid-19 crisis having strongly impacted the usual interactions of the sales force with doctors, our client wanted to rethink its entire go to market approach on the ‘customer experience’ part to develop a new approach, entirely digital, and differentiating from the competition.
By identifying trends and benchmarking non-pharmaceutical players in their digital sales approach, and by analyzing the receptivity of physicians to the pre-identified ideas, we helped our client’s sales and marketing teams to define their new ‘customer experience’, from inspiration to the implementation of new practices within the field team.
Go to market plan: launch of a digital surgery platform
Preparing the launch in Europe of the digital surgery platform of a leading player in the medical device industry. Our client’s ‘go to market plan’ included uncertainties as to which players to target.
Through a detailed mapping of the key players involved in the purchase and integration of such robotic solutions (in and around the hospital), and by analyzing their levels of influence, Alcimed enabled its client to finalize its go to market strategy and to train the sales and marketing teams of each European country on its go to market plan.
Go to market strategy for a biopharma company: launch of a new treatment for a rare disease
Our team supported a biopharmaceutical company specialized in ARNI (Angiontensin Receptor Neprilysin Inhibitor) treatments in the preparation of the launch of a new treatment for a rare genetic disease.
To finalize its go to market strategy, our client needed to better understand each of the first countries in which the product was to be launched. Our team conducted investigations in each country to understand the patient journey, map experts and centers of excellence, understand the level of knowledge of the disease, decipher the care pathway and existing treatments, and estimate the number of patients subject to treatment in each of these countries.
The results of our analysis enabled our client to refine its go to market strategy for each country and to define the levers to be used to successfully enter these markets. Following this first project, our client decided to renew the experience and to trust our team to explore a total of 28 countries for nearly 3 years.
Definition of the go-to-market model of an animal health player willing to enter Indonesia
Our team supported an international animal health pharmaceutical player to define their go-to-market model for their animal health portfolio in Indonesia.
To help our client with developing their go-to-market model, we explored approaches developed by their competitors, investigated guidance and requirements from regulators, and hints at what are the best approaches to engage with their customers. We also dived into the customer perspective on their unmed needs and differentiating expectations via interviews with some selected customers.
In the end, we were able to increase our client’s understanding of their customers’ preferences and key market insights to best select which go-to-market model was most aligned with our client’s capabilities and strategy.
Development of the go-to-market strategy of a pharma player to launch a new myopia control product
We supported a pharmaceutical player to develop their go-to-market strategy for the launch of their new myopia control product in Australia and Italy.
To help our client prepare their go-to-market strategy we conducted several interviews with relevant players in the field in those two countries to gain insight on the myopia market. Following this, our team conducted a creative workshop session and working sessions with our client to present the country outcomes and draft the first elements of their go-to-market strategy.
Through our work, our client gained an in-depth understanding of the current products on the market, decision drivers for eye care professionals to choose for a product, and insights on how to position their new product for a successful launch.
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Founded in 1993, Alcimed is an innovation and new business consulting firm, specializing in innovation driven sectors: life sciences (healthcare, biotech, agrifood), energy, environment, mobility, chemicals, materials, cosmetics, aeronautics, space and defence.
Our purpose? Helping both private and public decision-makers explore and develop their uncharted territories: new technologies, new offers, new geographies, possible futures, and new ways to innovate.
Located across eight offices around the world (France, Europe, Singapore and the United States), our team is made up of 220 highly-qualified, multicultural and passionate explorers, with a blended science/technology and business culture.
Our dream? To build a team of 1,000 explorers, to design tomorrow’s world hand in hand with our clients.
A Go-to-Market (GTM) strategy is a detailed plan for launching and marketing a product or service in a market. This multi-stage launch plan brings together the activities, resources and tactics needed to successfully reach target customers and achieve expected sales levels.
A Go-to-Market strategy is essential to the success of any launch and must be tailored to the specific characteristics and context of the product or service, the market and the company. Rigorous planning and execution are key to maximize the chances of commercial success.
A go-to-market strategy is one of the determining factors for whether a product launch is successful or not. The go-to-market strategy allows to minimize the risks inherent to each product launch and optimize success by gaining a detailed understanding of competitors’ landscape and market dynamics.