Subject category:
Marketing
Published by:
INSEAD
Version: 08.2004
Length: 20 pages
Data source: Field research
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Abstract
This case describes a breakthrough technology for the treatment of heart failure introduced into the European market in 2002 by Guidant Europe NV/SA. The focus of this case is on describing the technical aspects of heart failure and Guidant''s cardiac resynchronisation therapy. Additionally, information is presented on Guidant''s strategy to open a new therapeutic market for this technology, which includes cultivating a new group of physician customers. This case exposes students to the dynamics of introducing a breakthrough technology into a mature and stable industry. Specific attention is paid to estimating the potential market, evaluating technological efficacy and the adoption of direct-to-physician marketing practices by a device company to change physician practice patterns. The role of physician education and technical skill in the diffusion of new durable medical technologies is also addressed.
Size:
USD3.23 million revenue, operations in 100 countries, technology development circa 1999, product launch
Other setting(s):
1999
About
Abstract
This case describes a breakthrough technology for the treatment of heart failure introduced into the European market in 2002 by Guidant Europe NV/SA. The focus of this case is on describing the technical aspects of heart failure and Guidant''s cardiac resynchronisation therapy. Additionally, information is presented on Guidant''s strategy to open a new therapeutic market for this technology, which includes cultivating a new group of physician customers. This case exposes students to the dynamics of introducing a breakthrough technology into a mature and stable industry. Specific attention is paid to estimating the potential market, evaluating technological efficacy and the adoption of direct-to-physician marketing practices by a device company to change physician practice patterns. The role of physician education and technical skill in the diffusion of new durable medical technologies is also addressed.
Settings
Size:
USD3.23 million revenue, operations in 100 countries, technology development circa 1999, product launch
Other setting(s):
1999