Bain works alongside medical technology clients to develop and implement strategies that fuel cost-effective innovation and meet the needs of a broader range of constituents. We help you refine your understanding of your customers, develop a more flexible operating model, and expand into promising geographies and product categories.
What We Do
What We Do
Bain works along with global medical technology companies to:
- Significantly improve your odds of successful M&A with an approach that links acquisition strategy, due diligence and merger integration
- Refresh how you segment customers and update the segmentation over time dynamically
- Develop a strategic vision and near-term roadmap to be best positioned in a digital market
- Maximize efficiency & align G&A costs with your capabilities to support strategy
- Reduce complexity throughout the organization to increase productivity and speed of decision making
- Build flexible commercial models that meet the needs of a diverse and evolving marketplace while simultaneously reducing the cost of sales and strengthening the role of the physician as innovator, advocate and customer
- Focus on internally and externally sourced innovation through a more productive and efficient R&D model
- Invest to win, both therapeutically as well as geographically, in remaining new opportunities
- Use data and analytical assets in new ways to develop proprietary insights and create competitive advantage
- Win in emerging markets by carefully assessing where to play, creating the right product portfolios and distribution models, and, in many cases, finding the right deal partners
- Redesign your supply chain in response to changing market dynamics
Much like pharmaceutical companies, medical technology companies face profit pools shifting away from the historically-innovative players to lower-margin sectors. While a few sectors of stability remain, the majority of the medical technology industry’s tried-and-tested formula for success is fundamentally changing. Three trends, in particular, are transforming the way the sector generates value in the largest historical profit pools:
- The maturing—and slowing—pace and relative differentiation of innovation
- The diminishing role of physicians in the purchasing process
- The reduced ability to charge a premium for incremental healthcare product features and benefits
Healthcare reform across the globe is further accelerating these changes. While structural differences exist by category and country, macro trends in developed markets like the US and Europe are similar, such as the increased emphasis on comparative effectiveness, while emerging markets focus on low-cost solutions to improve access.
How We Can Help
Corporate Strategy and FinanceCorporate Strategy and Finance
Charting the right course to sustained value creation
Customer Insights & SegmentationCustomer Insights & Segmentation
Build the most effective customer segmentation capabilities—those that allow your company to allocate scarce resources where they'll deliver the highest payoff.
Bain B2B Commercial ExcellenceBain B2B Commercial Excellence
Build your organization’s capabilities to sell more—or more profitably—by putting the right offers in front of customers at the right price and time in the most effective channels.