B2B Marketing in the HealthTech and MedTech Sector

Prioritise Research  

Performing market research is incredibly important when it comes to marketing in a highly technically complex industry such as MedTech and HealthTech. So, before you start looking into marketing plans and whether or not you should give TikTok a try, follow the following steps to gain a detailed understanding of the industry and inform your wider marketing strategy: 

• The first step is to perform an overall market analysis of your chosen sector. This will help you identify if and where there is a market gap that your brands USP can fit into. 

• Once you have identified your market gap, a persona analysis should then be undertaken to gain a greater understanding of your target audience. This will allow you to understand your customers and better apply your future marketing campaigns. 
  
• Lastly, a competitor analysis is needed to ensure that you can keep up with your sectors industry leaders.  

Without following these three steps you might as well be taking a stab in the dark.  

Use Digital Communications 

It sounds simple, but one of the main ways you can boss the MedTech and Healthcare space is to utilise a range of digital communications to your advantage. It’s all too common for brands in this sector to not prioritise their digital presence as they think they are too niche, or they prefer to use in-person networking to achieve their goals. But unfortunately for those who prefer to do things the old-fashioned way, your brand’s digital and non-digital identity is closely intertwined.  

We know this first-hand from marketing in the pharmaceutical industry with compliance specialists, JGMP, to create an annual strategy that would encapsulate their brand and boost their overall digital presence through SEO and social media. Our expertise in communications in the world of life sciences enabled them to gain back lost market share through digital communications.  

Leverage Thought Leadership

Reputation is everything within the HealthTech and MedTech sectors, and in an industry literally run by doctors and healthcare experts you need to establish expertise quickly. This doesn’t just mean your brands expert offerings, but also yours.  

Leveraging your, or a colleague’s authority in a field is a difficult task and can sometimes feel a bit out of your comfort zone. But remember, when leveraging your thought leadership, it won’t be coming from you but from a reputable third-party publication that your target audience is likely to be reading.  

Take for example our work with Medicalchain.  With an aim of running targeted campaigns for their brand within highly respected doctor’s circles to assist with the launch of their app MyClinic.com, Medicalchain wanted to be at the core of the MedTech conversation. To achieve this, we strategised a targeted thought leadership-centred PR strategy that gained them placements in prominent pharmaceutical publications. Just one of these publications received 16,000+ visitors to sit each month and has garnered over 54,000 Twitter followers.   

Your Next Steps into the Industry

Here at Halston Group, we’re experts in the MedTech and HealthTech industries. Don’t believe us? Read our latest whitepaper “MedTech and HealthTech: The New Realm of Patient Care” to see why.