Small World Medical is capable of introducing your company and its products to our vast network of "KOL" (Key Opinion Leader) physicians in markets around the world.
Understanding local physician's needs is essential in making a decision to enter new markets. Meeting with these physicians can also prove valuable in post-launching marketing, as these KOL's will be familiar with your product and can help promote it locally to other physicians.
These introductions can also lead to relationships for future products or next generation product development.
Questions that can be answered through KOL meetings:
- Will the local market accept my product?
- Does my product fill a current gap in the market?
- How does my product bring value to local physicians?
- How does my product compare in terms of performance? Pricing?
- What type of improvements could be made on my product?
- What other local KOL physicians would be interested in my product?
Contact us if you would like to learn more about KOL physician introductions.
Small World Medical and our partners provide assistance to medical device and drug manufactures with valuable market research and product design feedback. With our help, we can eliminate a large amount of risk and make launching a new product or entering a new market much more comfortable for your firm.
Value added by our services:
- Actual market sizes can be accurately determined making cost/benefit analysis more reliable
- Total value and growth opportunities in the market can be determined both before and after product launches
- Product design changes / improvements can be verified before R&D investment takes place
Contact us if you would like to learn more about product design and local market research.
Small World Medical and our partners can help you find a qualified facility to conduct pre-launch clinical trials. In addition, we also have managing and tracking capabilities that can make the clinical studies easier to control, more effective and timelier. Regulations and costs for clinical trials and in human studies vary depending on the country or products. Let us help you get through this process and move your product closer to launch.
Contact us if you would like to learn more about clinical trials.
Small World Medical can assist with in-country regulatory submissions and help overcome administrative, language, and cultural challenges. The longer it takes to register your product, the longer it will take to start making profits. Our regulatory / QA team is experienced with the registration process in countries such as US (FDA), Japan (MHLW), EU (CE marking) Brazil (ANVISA), India…etc.). With our help, you can streamline your device / drug registrations and receive local approval faster!
Services offered:
- Submission dossiers preparation, translations and submission
- QA / QS pre-audits to comply with global quality standards
- Approved product renewal management
- Labeling translations / compliance review
Contact us if you would like to learn more about regulatory assistance.
Small World Medical works with medical device & pharmaceutical companies around the world to help them introduce their products to new International markets. In many cases the company is not ready for a direct sales situation and is in need of a local partner. Finding the right partner can be challenging. However, if done correctly, the partnership can lead to tremendous profits and future opportunities.
Services offered:
- Distributor qualification / partnership analysis
- Product explanation visit
- Contract negotiation / translation
- Competitor analysis
- Sales forecasts for local market
- Marketing strategies
Contact us us if you would like to learn more about finding the right partner.
Now that you've completed all the preliminary research and registration activities, its time to launch your product in the local market. Small World Medical can assist your company with localized product launch strategies to ensure productive culturally sensitive introduction to the market.
Services offered:
- Trade show & Conference management; includes booth set-up, marketing material language translations, and local advertising campaign strategies
- KOL physician proctorships & training courses; have a local KOL physician personally train other physicians on your products.
- Pricing strategies to take advantage of contract bidding and reimbursement systems
Contact us us if you would like to learn more about finding the product launch.
In some cases, a partner company, start-up operation or distributor abroad may be an attractive merger or acquisition candidate. For example, after achieving a few years of growth with a certain distributor, you may decide that it is time to build a local sales force. A decision to acquire the distributor may prove very profitable and will also allow greater control and insight into the market. There may also be similar opportunities for mergers or acquisitions with small International start-up companies that have developed interesting new devices. Small World Medical can help you with this process by facilitating meetings, translating documents, and helping you to negotiate in a culturally sensitive manner.
Contact us us if you would like to learn more about mergers and acquisition consulting.