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Diagnostics Strategy

Market Analysis for New Dx Panel

A 3-phase analysis—market sizing, expert interviews, clinician survey—enabling a diagnostic player to make a data-driven investment decision on a new diagnostics panel with high model accuracy.

3
Phase Analysis
20%
Model Accuracy (vs. market data)
1 mo
To Strategic Decision

The Situation

A prominent diagnostics company faced a strategic choice: determining which new diagnostic panel to prioritize for development from a range of competing opportunities.

Tasked with expanding its portfolio, the client had categorized diseases but required a rigorous, data-driven framework to assess market potential and allocate resources effectively. Internal assumptions existed, but they hadn't been validated against market reality.

Our Approach

Our engagement unfolded in three structured phases, designed to build confidence and deliver precise, actionable recommendations:

Foundation: Hypothesis Development & Initial Market Sizing

Desk research to develop a preliminary market model, integrating data on disease prevalence, reimbursement trends, and prescription patterns per condition. Partnered with client stakeholders to refine assumptions and shortlist panels based on strategic alignment and technical feasibility.

Validation: Expert Insights to Stress-Test Assumptions

Interviewed medical professionals across key markets to confirm clinical demand, identify adoption barriers, and assess practical use cases. Refined market-sizing estimates, focusing on high-potential panels with attractive market share.

Confirmation: Survey-Driven Insights for Final Prioritization

Designed and executed a quantitative survey of 100 clinicians across five markets to evaluate adoption intent, drivers and barriers, quantitatively verifying the qualitative assumptions obtained from external and expert interviews.

Unique Challenge & Solution

Survey panel and response quality presented a significant challenge. We developed a response method to recognize and eliminate rogue answers, ensuring data integrity and reliability of the final recommendations.

Results

  • Strategic Decision: The client made a strategic decision within a month of the project—one that differed from their initial internal assumptions before starting the project.
  • High Model Accuracy: The final market-sizing model for the prioritized panel proved highly accurate—within 20% of independently verified data from a pilot market.
  • Repeatable Framework: Delivered a repeatable framework—combining desk research, expert input, and targeted surveys—to evaluate future portfolio opportunities systematically.
  • Stakeholder Alignment: Our data-driven roadmap aligned stakeholders and positioned the client to capture market opportunity within the diagnostic space.

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