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Brand Desire Pharma
Unlocking Brand Desire in Pharma
We surveyed almost 200 PCPs in the US and UK to understand the role that branding plays in decision-making, and which treatment brands are most desirable to them. The results challenge our assumptions about what makes pharma brands successful, highlighting the power of going beyond the clinical to create a single-minded, emotive connection with physicians.
Physicians confirmed what we’ve long suspected: with little time to make prescribing decisions, they find it harder and harder to distinguish treatments on a clinical level. As a result, the majority of physicians surveyed openly admit that a treatment’s “brand image” plays a critical role in driving differentiation and influencing how a drug is used.
66%: even when products appear clinically similar, the “image” they convey as a brand can be very different
53%: the brand “image” that a treatment projects can influence the way it is used
59%: a drug brand “image” is about more than just its clinical data
We also asked physicians to rate the top 10 most desirable brands – those that engender respect, pride, a sense of personal connection and a desire to prescribe more in future.
From the most desirable brands, we’ve identified three rules for success:
1. GO BEYOND THE FUNCTIONAL
Physicians buy benefits, not data, so go beyond what your drug is to what it means for customers. And in a world of shrinking functional differences, desirable pharma brands create stronger connections by appealing to both heart and head.
2. OWN A SINGLE-MINDED SPACE
Desirable pharma brands don’t try to be all things to all people. They create a clear personality and pick a single-minded space in the market that they own better than everyone else. And then they reinforce this at every single touchpoint: sales aid, lifecycle data, advertising, etc.
3. CREATE A SENSE OF MISSION
The most desirable pharma brands don’t just offer yet another option; they create a sense of ambition and mission that shakes up their market and transforms the approach to treatment
For more information – and to learn how to transform your asset into a desirable brand that will connect with customers – contact James.