A strategic brand development framework for expanding cardiovascular and endocrinology treatments in emerging markets
1 Genentech, South San Francisco, CA, USA.
2 eMedic Technologies Africa, Vanderbilt, Nashville, TN.
3 Essnova Solutions, Inc. AL, USA.
4 Independent Researcher, Boston, MA, USA.
5 Life's Journey Inc. Winnipeg, Manitoba, Canada.
6 Kaybat Pharmaceuticals and Stores Nigeria Ltd.
Review
World Journal of Advanced Pharmaceutical and Medical Research, 2024, 07(02), 077–101.
Article DOI: 10.53346/wjapmr.2024.7.2.0047
Publication history:
Received on 29 August 2024; revis.ed on 01 October 2024; accepted on 04 October 2024
Abstract:
This paper introduces a conceptual framework for strategic brand development in the pharmaceutical industry, specifically targeting the cardiovascular and endocrinology treatment sectors in emerging markets. The framework explores how stakeholder engagement, market segmentation, and brand positioning can enhance access to critical treatments, addressing growing public health challenges in these regions. Cardiovascular and endocrinological disorders, such as heart disease and diabetes, are rising rapidly in emerging markets due to lifestyle changes, urbanization, and increased life expectancy. Pharmaceutical companies face unique challenges in expanding their market presence in these regions, including varying healthcare infrastructure, economic disparities, and regulatory environments. The proposed framework emphasizes the importance of engaging key stakeholders—such as healthcare professionals, policymakers, and patients—through targeted educational campaigns, partnerships, and advocacy. Effective stakeholder engagement fosters trust and collaboration, which is essential for expanding access to life-saving treatments. In addition, market segmentation is a critical component of this strategy, allowing companies to tailor their marketing efforts to specific demographic groups, economic conditions, and healthcare needs in each region. By identifying the most relevant segments and understanding their unique needs, companies can ensure that their treatments reach the populations most at risk for cardiovascular and endocrinological diseases. Brand positioning is another cornerstone of this framework. By clearly defining and communicating the value of their treatments in terms of efficacy, affordability, and accessibility, pharmaceutical companies can differentiate themselves in increasingly competitive markets. Strategic positioning not only enhances brand visibility but also builds long-term customer loyalty, which is crucial for sustaining market growth in emerging economies. Overall, this conceptual framework provides a roadmap for pharmaceutical companies to strategically develop their brands in the cardiovascular and endocrinology sectors, ultimately contributing to improved public health outcomes in emerging markets.
Keywords:
Strategic Brand Development; Cardiovascular Treatments; Endocrinology Treatments; Emerging Markets; Stakeholder Engagement; Market Segmentation; Brand Positioning; Public Health Outcomes
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0