Key Opinion Leader Management Market

Key Opinion Leader
Management Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Report
Description
Report Description
Key opinion leaders (KOLs) are influential, trustworthy thought leaders who are held in high
esteem. In the current scenario of the healthcare industry, an organization's success is
related to its ability to build, maintain, and manage relationships with KOLs. KOLs play a
crucial role in educating the medical and scientific communities and in building awareness
regarding the latest key developments in medical technology. A KOL dashboard is used for
identification and monitoring a KOL. KOLs play an important role in the complex and
competitive scenario of companies, especially in healthcare marketing. KOLs help in
influencing the perception and opinion of various stakeholders in a company.
Key Opinion Leader Management Market: Drivers & Restraints
KOL has emerged as an individual business discipline which is similar to CRM. KOL
management is an essential component in marketing. Companies experience an increased
influence and adoption at the global, national, and regional levels, by managing KOL
relationships effectively for the future of company products and market expansion. The most
prominent KOLs are usually expensive. KOL management in healthcare is
challenging. Leading KOL physicians are frequently over-marketed to by many sources. Laws
such as the Sunshine Act demand transparency and restrict large payments to physician KOLs.
KOLs help in critical decisions such as drug prescriptions for their patients, as the KOL
physicians advice on specific drugs based on their knowledge.
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Report
Description
Report Description
Key Opinion Leader Management Market: Segmentation
The global key opinion leader management market is classified on the basis of therapeutic
area, region.
•Based on therapeutic area type, the global key opinion leader management market is
segmented into the following:
•Anesthesiology
•Cardiology
•Dentistry
•Gastroenterology
•Obstetrics & Gynecology
•Oncology
•Ophthalmology
•Orthopedics
•Others (Hematology, Immunology, Nephrology, Dermatology, Endocrinology, Infectious
Diseases, Neurology, Urology)
Key Opinion Leader Management Market: Overview
Report
Description
Report Description
Key Opinion Leader Management Market: Overview
KOL management gives a 360-degree view of KOL influence and activity, alongwith the ability
to see what KOLs are saying about their products and their competitor products. KOL
performance can also be monitored regularly to check how an influencer aids in product sales,
and spending of a KOL. KOLs play an important role for several companies particularly,
pharmaceutical companies. A reliable KOL management process, provides benefits such as the
ability to reduce cycle time for widening a pool of KOLs, understanding and tracking of
campaign effectiveness conducted by an individual KOL, differentiate KOLs based on their
influence to alter strategic decisions related to spending and so on.
Key Opinion Leader Management Market: Region wise Overview
Geographically, global key opinion leader management market is classified into regions viz.
North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan
(APEJ), Japan, Middle East and Africa (MEA).KOL management involves KOL identification
process, ranking methodology, and ability to combine traditional and social footprints of
influencers across therapeutic areas, regions and languages. The expenditure on shaping
influence is high. Companies need to understand influence as it is a potential marketing tool.
KOLs possess a unique credibility, as their validity is important due to years of industry
experience and medical affiliations. As a result, healthcare companies particularly in the
developed countries of North America and Western Europe have begun relying heavily on KOLs
to help establish the knowledge base about their drugs and expand their markets throughout
all stages of life-cycle management.
Report
Description
Report Description
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Key Opinion Leader Management Market: Key Players
The key players in global key opinion leader management market are Genpact Limited, KOL,
LLC, SAAMA TECHNOLOGIES, Cognizant, RELTIO to name a few.
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