The medical device market is more saturated than you might think. With seemingly countless treatment options on the table, how can your device cut through the clutter and get in front of the right patients at just the right time? You need a marketing strategy that sets your medical device apart from the competition. How? You need to be more than a medical device company. You need to be a trusted partner for both patients and their providers alike.
The first step to understanding medical device marketing is to learn how the U.S. Food & Drug Administration (FDA) classifies medical devices. They have regulatory controls and marketing pathways you have to follow based on the risk of your device and its overall safety and effectiveness.
The FDA classifies medical devices into one of three classes based on their risks and regulatory controls:
It’s important to note that the European Union (EU) and other countries have different classification systems for medical devices.
Although bringing your medical device to the market may seem complex, the FDA has broken it down into four simple steps to ensure your device gets approval:
You might not have to wait until the end of the premarket process to begin your marketing efforts for your medical device. Instead, you can use this time to develop your marketing strategies and start generating interest for your product. Here are a few steps to initiate your medical device marketing campaign:
Identifying your target audience is the most crucial step in your marketing campaign. By determining your audience, you can focus your marketing efforts on who is most likely to need, benefit and ask their provider about your product.
For example, if your medical device is a pacemaker, your target audience will likely be older patients with a history of cardiovascular problems. In contrast, your target audience will be very different if your medical device is an asthma inhaler.
When marketing your medical device, it’s vital to consider the problem your ideal patient faces and how your medical device can address that problem. For instance, if you developed a prosthetic device, consider these factors:
Distinguishing the specific problem your ideal patients are facing will play a major role in the effectiveness of your marketing campaign.
The next step is to develop a targeted marketing strategy to reach your ideal patient audience. Marketing strategies may include product placement and advertising on traditional and digital channels, such as television, print media, radio, and social media. When building these strategies, it’s critical to consider the different stages of the patient journey:
Your marketing strategy should adapt and evolve with your audience as they flow through their patient journey.
If you have recently developed a medical device and are interested in learning more about medical device marketing, contact Levo Health. Levo Health is a healthcare marketing agency that can help you optimize your marketing strategies. Working with physicians, medical practices, surgery centers, and hospitals all over the country, we can help you reach your ideal patient audience. Contact us online or call (813) 235-0830 to get started today.