Boosting Medical/Market Access Effectiveness in Medical Device Organizations

Dec. 13, 2021/PRNewswire/ -- Medical device organizations need to develop more effective Medical Affairs and Market Access teams to improve how they differentiate their treatments in the marketplace.

While medical device product portfolios grow, many manufacturers still face resource constraints that are undermining the external engagement efforts of Medical Affairs and Market Access teams that support in-line products. Best Practices, LLC undertook this research to capture crucial staffing, resourcing, and operational performance benchmarks for Medical Affairs and Market Access teams within device companies.

The study found that Market Access groups on average devote nearly half of their budget to non-personal costs, meaning there is an opportunity to conduct projects and initiatives on the Market Access side which other groups may not have enough budget headroom for.

This research will help Medical Affairs and Market Access leaders determine how to build and steer their teams to ensure they effectively differentiate their products in the competitive medical device sector.

"Best Practices in Creating Efficient and Effective Medical Affairs and Market Access Teams in Medical Devices" is a new 75-page study that examines:

• Medical Affairs Staffing and Investment
• Market Access Staffing and Investment
• External Engagement and Education
• Thought Leader Insights and Metrics
• Payer Insights and Metrics

For the study Best Practices, LLC engaged 13 leaders from 11 leading Medical Device companies.

To learn more about this report, download a complimentary report excerpt at https://www.best-in-class.com/rw145.htm.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations.