Web based E-detailing is an interacting media platform wherein the pharmaceutical companies display their products sales presentation and brochures. Web based E-detailing allows the doctor or physician to look up to the medicines as per their requirement. The web based E-detailing is comparatively cost effective than the traditional methods such as sales representatives. Web based E-detailing gives high return on investment to pharmaceutical companies in terms of sales, previously the medical representatives used to meet with the physicians detailing about the product. The technological advances and internet penetration in every sector has changed the scenario for the conventional method of detailing. Moreover, the web based E-detailing eliminates the long waiting hours of sales representatives to meet doctors and web based E-detailing is found to be more effective than the conventional way of detailing. Web based E-detailing provides more profound details about the pharmaceutical drugs to the physicians which the sales representatives fail to do so in many cases thus affecting the sales of the company. Considering the above factors the global web based e-detailing market will highlight significant growth rate over the forecast period.
Global Web Based e-Detailing Market: Drivers & Restraints
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The drivers identified in the global web based e-detailing market are the increasing adaptability of internet among the doctors. The efficiency of web based E-detailing to provide in depth details about the pharmaceutical drugs to the doctors without any error is increasing the sales ratio of the pharmaceutical companies compared to that of the traditional sales method. Thus, the return on investment for sales of the pharmaceutical companies is attributing to the growth of the global web based E-detailing market. The web based E-detailing provides the physicians to check out the details of the drugs as per their convenient time. The initial cost associated with the web based E- detailing are high and non-linear which might pose as a restraint to its adaptability among the medium and small pharmaceutical players globally.
Global Web Based e-Detailing Market: Market Segmentation
Based on the E-detailing formats, the global web based E-detailing market can be segmented into:
- Virtual Live E-detailing
- Scripted E-detailing
- E-detailing websites
Based on the applications, the web based E-detailing market is segmented into:
Global Web Based e-Detailing Market: Regional Outlook
Based on the geographic regions, global web based E-detailing market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. The North American region dominates the market for web based E-detailing market. According to survey, the physicians in the region prefer web based E-detailing rather than interacting with medical representatives due to their busy schedules and web based E-detailing provides the exact information’s as per physicians preference. The Western Europe market for web based E-detailing market is followed by the North American market and the adaptability in the region for web based E-detailing is increasing. Over the course of time and growth of pharmaceutical industries in the countries like China and India, the web based E-detailing market in the APEJ region will show considerable growth.
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Global Web Based e-Detailing Market: Key Players
Some of the major players identified in the global enterprise laboratory informatics market includes, AstraZeneca, Plc., Abbott Health care, Inc., Pfizer, Inc., GlaxoSmithKline, Plc., Boston Scientific, Johnson and Johnson and Merck & Co. among others.