VOC research, competitive assessment for a novel multi-omic technology
Research Tools
>350
>1000
30
Pricing Strategy
Voice-of-Customer Research
Competitive Analysis
Market Landscaping and Sizing
Novel Technology Commercialization
Technology Application Identification
Objective
A ~$100M research tools and diagnostic company wanted to understand key applications and revenue potential of their novel technology to inform a go / no-go development decision
Our Approach
Secondary Research
- Conducted publication and clinical trial analysis of comparable technologies as a proxy to understand potential use cases and customer types
Primary Research
- Conducted telephone interviews with researchers, lab directors, and technology KOLs to gather insights about likelihood of adoption, use cases, product specifications, potential sample volumes, and pricing
- Prioritized applications and customer types
Quantitative Analysis
- Built a comprehensive market model to project the revenues from the platform under multiple business model scenarios, including offering as a service and or a platform
- The model allowed for dynamic scenario building based on pricing, platform specifications, adoption penetration, and customer types
Outcome
Client green-lighted the development of the novel tool and incorporated platform specifications identified through DeciBio research. The novel tool was developed and looks promising in early access program studies with customer types prioritized by DeciBio research
Related Client Results
IVDR Opportunity Assessment
Voice-of-Customer Research
PE-Backed Life Sciences Tools Platform Development
Voice-of-Customer Research
Customer Segmentation
Pricing Strategy
Due Diligence
Competitive Analysis
Diagnostic Advisory Board
Voice-of-Customer Research
KOL Identification