Navigating the Bloodtyping Market for Better Strategic Positioning

Background

country-flag
  • The client is a leading player in the safety and industrial industry, specializing in the manufacturing and distribution of diagnostic devices, including blood typing diagnostics and testing equipment
  • Needed to build an understanding to capture regional nuances and differences

Objective

  • The study aims to provide insights into market dynamics, competitive environment, technological advancements, and customer preferences among healthcare professionals

Solution

WorkStream
  • Conducted 20 in-depth interviews in the UK and Malaysia to understand current practices in bloodtyping diagnostics, challenges faced, preferences for diagnostic devices, regulatory issues, and future expectations
  • Collaborating with local distributors and healthcare providers in the target geographies to expand market reach and improve distribution channels
  • Information gathered from healthcare professionals, helped the client gaining better insights and more focused development of advanced bloodtyping diagnostic devices
  • Explored various opportunities to integrate bloodtyping diagnostic devices with telemedicine platforms to support remote patient monitoring and healthcare delivery

Impact

impact
  • Introduction of a new device model with increased accuracy, leading to a 30% increase in satisfaction and repetitive rates
  • Collaboration increased market penetration by 25% within the first year, leveraging distribution networks and market expertise
  • Adoption of telemedicine-integrated bloodtyping devices contributed to:
    • –  20% decrease in healthcare costs associated with patient transportation and clinic visits
    • –  Patient satisfaction scores rose by 35% due to the convenience of receiving bloodtyping results and consultations