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Small Healthcare Companies Turning To The Power Of Digital

Consumer health companies are typically faced with limits on their marketing budgets, which in turn stymies their ability to get their messages and their products in front of their target audiences with the frequency and reach needed to drive sales. The competitive consumer healthcare industry requires spending more every year just to retain share of shelf and a meaningful marketing ROI. 

Enter digital marketing—once considered the major marketing disruptor to traditional activations and now, an integral piece of the consumer market landscape. Consumers—especially younger ones—are adopting apps and wearables and live in a mobile-first world. While digital marketing has indeed been disruptive for consumer health companies (and many others), small companies may not have the financial or human capital necessary to become major marketing disruptors on their own. 

By innovating their marketing approaches, smaller OTC marketers can create new sales channels and develop larger target audiences through the power of digital to great marketing benefit. 

Tuning into new marketing channels

As your marketing team looks towards developing new types of campaigns and activities, here are some industry trends to consider:

1. Consumers used to only have one place to get their information—their healthcare provider. Now, digital is becoming the preferred channel for consumers to interact with brands—from seeking product information to reviews to customer service conversations. 

2. Smartphones are becoming valuable tool for healthcare literacy.

3. Health-related startups such as healthcare apps are taking an increasingly active role in the healthcare ecosystem. Consumers can download dozens of apps to their devices to monitor and take control of their personal healthcare; track data; research, maintain and share their medical charts, note accidents and treatments, and much more.

4. Although consumers are becoming more engaged in their own health management and purchase habits, there is still room for brands to become an integral part of shifting consumer behaviors and improve this marketing pipeline. 

Collaboration builds healthy brands

One innovation whose time has come: collaborating with existing digital solutions to build a consumer health brand — creating a collaborative triangle along these points:

  • Involve the consumer. Make your customer part of your marketing activities. Partnering with your target audience may mean a level of exposure (and brand discomfort?) in the name of collaboration but if you are confident of your product’s value, the open interaction with consumers will only help you grow. 
  • Partner with a digital player that complements your traditional business model and capacities. Historically, healthcare marketing has been in print and broadcast but emerging apps are changing that game. As noted above, digital apps are bringing a lot to the table—not only for consumers but also for traditional consumer health companies. They offer a flexible value proposition and broad communication channel in which consumers/patients are feeling more and more comfortable. 
  • Take risks. Smaller companies are typically more flexible and should take advantage of their ability to explore more innovative marketing actions. By building campaigns outside of your comfort zone — taking your message beyond print ads, banner ads or web pages — you can discover new audiences and build share in exciting new ways.

As a small company, considering a multidimensional approach — more collaborative and involving all parties in the game — will create a more valuable promotional format. You cannot necessarily hope to be too disruptive but building your own marketing formulas over well-known marketing trends might be a good way to start innovating.

 
1 comment about "Small Healthcare Companies Turning To The Power Of Digital".
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  1. Ajay Prasad from GMR Web Team, July 28, 2017 at 7:46 a.m.

    Well shared! the small healthcare industries are opting for digital marketing and undoubtedly getting a great response and driving more customers. There are several benefits like reputation management that can be gained by maintaining reviews from your <a href="https://www.gmrwebteam.com/industries-we-serve/healthcare">healthcare digital marketing</a> strategy. This can provide a great impact on overall growth of health sector. Today marketing aspect has changed, it is more about customer and how to provide them a better experience. 

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