Dental Product Launch Case Study New X-Ray Holder Achieves 142% of Goal
An established dental product manufacturer sought to develop and launch a new dental X-ray holder while meeting an aggressive first-year sales goal. Medvance supported the initiative through in-practice observation, voice-of-the-customer research, market analysis, ongoing prototype feedback, and comprehensive launch planning. The coordinated approach helped identify unmet user needs, shape product development, and support a market launch that achieved 142% of the first-year sales goal.
Company
Established dental product manufacturer.
Project
Develop and launch a new dental X-ray holder into market.
Market
Dentists and dental practices.
Goal
Meet or exceed an aggressive first-year sales goal.
Research, Development and Market Launch
Efforts were begun to increase understanding surrounding the dental X-ray market and identify current user challenges and product gaps. Below is a breakdown of the research, planning and specific actions taken to accomplish this.
Research
- Visited numerous dental practices to observe the overall dental X-ray procedure and identify challenges.
- Conducted dental VOC (“voice-of-the–customer”) research around the challenges experienced surrounding the current dental X-ray process.
- Attended tradeshows/conferences to gain additional insights into the current product offerings and messaging as well as gain additional feedback from dental staff.
Research Findings
- Due to the current X-ray product offerings, specifically the X-ray media holder (digital or film), there was a potential for user confusion and thus errors, especially when conducting a full mouth series X-Ray due to the complexity of the components.
- Current X-ray media holders required sterilizing of all components and thus increased staff labor demands.
- X-ray errors caused delays in schedules for the dental staff and required some X-rays to need to be retaken, thus also inconveniencing patients.
- There was gap in the market for a product that would adequately meet the above challenges.
Marketing Support During Development
- During the development process of the new dental X-ray holder, provide development team regular market feedback on prototypes.
-
Once the final product design was determined, build a comprehensive marketing launch plan (with budget and timeline), including:
- Product photo shoot
- Packaging graphics
- Advertising development, including:
Brochures/sell sheets Publication print ads Digital advertisements Direct mail pieces Sales launch kits Trade show booth graphics
142%
First year sales of the new device achieved 142% of the launch plan goal.
Ready to Achieve Measurable Growth?
Let’s discuss the next stage of growth for your MedTech or BioTech innovation.