
Market access

Develop a strong and distinctive market access strategy
For more than 30 years, our specialized team has been supporting companies in their market access strategies throughout the world, helping them register and market a new product or service, particularly in the pharmaceutical field.
Key success factors for a market access strategy
Market access is an essential process during the launch of a new product within pharma. It is a determining factor in the product’s commercial success as it defines its purchase price, the reimbursement level and how a patient can interact with it. For these reasons, it requires consideration of several key factors:
Starting early allows a new product to reach the intended patients as quickly and successfully as possible. There are multiple hurdles a product needs to overcome before it enters the market. This process requires market research, clinical and economic evaluation and value negotiations with different stakeholders. For example, the process of gaining the trust of the intended healthcare prescribers and convincing payers of the added value of the product compared to those already on the market can take a longer time than initially expected. There also isn’t a one size fits all approach and the market access strategy needs to be tailored to the therapeutic area and the product type.
What are the different steps of a market access strategy? What are the barriers to market access for a pharmaceutical product?
It is important to have a thorough understanding of the national healthcare system and the regulatory processes in the therapeutic area of interest. In addition to this, market research is crucial in identifying your product’s differentiating factors to similar products already on the market. It also provides insight on how the product addresses an unmet need in the disease and the specific patient population being targeted. Understanding of the playing field will guide the market access strategy and allow for the definition of clear objectives for successful negotiations with stakeholders.
How to conduct a thorough market research? Who are the different market stakeholders and what do they need?
Reimbursement dossiers allow pharmaceutical companies to communicate the value of their product for optimal pricing. It is a strategic part that demonstrates the expected clinical and economic benefits. Convincing reimbursement dossiers are well structured, evidence based and demonstrate the product’s differentiating factors to the current standard of treatment and how it would improve patient outcomes. This is why it is crucial for the value dossier to be a collaborative effort of different business functions within the pharma company such as R&D, medical affairs and marketing.
What are the best practices to negotiate the pricing of a new drug with payers? How to develop a convincing value proposition for a new product?
How we support you define your market access strategy
Introducing a new product or a new service to a market and making it accessible to as many people as possible is a multi-dimensional adventure! To build a market access strategy, once the market study has been carried out and the value proposition defined, we help our clients in:
- Defining innovative business models
- Assessing market potential
- Analyzing regulatory changes (new regulations, reimbursement, HTA, health economics, …)
- Mapping and analyzing key players (decision-makers, influencers,…)
- Developing innovative collaborative models (public/private, insurers,…).
What they say
Examples of market access strategies carried out for our clients
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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.
Market access is the process of registering and marketing new products, particularly drugs or medical devices in the healthcare sector. This step aims at defining the purchase price and the reimbursement level of the products concerned.
A market access strategy consists of defining the best market access scenario for its product, taking into account the expectations of the various market players (health authorities, public authorities, insurers, etc.) and the existing offers on the market.
A market access approach refers to the process of launching a new product and making it accessible to patients. Some different stages of a market access approach include:
- Market research,
- Clinical and economic evaluations of the product,
- Establishment of an initial price,
- Submission of a reimbursement dossier for negotiation with different stakeholders such as payers.