Business case and commercial forecast for a new medical device (including additional digital services) ​

Supporting a large medical device company define the business case for the development/launch of a new delivery formulation for a respiratory therapy ​

Scope

US and Europe ​

Therapy area

Respiratory ​

Client

MedTech company
Context

The Challenge

  • The company was assessing the commercial viability of investing in the development of a new medical device for the treatment of a respiratory disorder (with the option for an additional digital support service)​
  • The company required an understanding of the implications of the medial device (plus additional digital services) for competitive differentiation, positioning in treatment/likely prescribing, and potential eligibility for premium pricing vs. available alternative technologies ​
Requirements

Project Objectives

  • Define the perceived clinical value associated with the new medical device (plus additional digital service support) and implications for positioning in treatment, clinical guidelines and prescribing ​
  • Determine implications of the new medical device for payer assessment and the potential to justify premium pricing (or reduced net discounts) vs. existing options ​
  • Develop a commercial forecast to inform predicted revenue (and P&L) for the asset across US and European healthcare systems ​
Methodology

Our Approach

  • Desk research was completed on the epidemiology for the indication, treatment pathways (and positioning/management of products), and predicted competitive developments ​
  • Primary research was completed with physicians and payers across the US and Europe to validate implications of the new device for prescribing/uptake and predicted net pricing​
  • A comprehensive commercial forecast was developed covering revenue and P&L across the US and Europe ​
Outcomes

Value Delivered

  • The company received a detailed, evidence-based understanding of commercial viability (and P&L implications) of investing in the development of a new medical device plus additional digital features for the treatment of a respiratory disorder​
  • This provided the basis for strategic decisions on investment prioritisation for the senior management team, and commercialisation partner discussions across the US and European markets ​
Case Studies

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