doctors' changing expectations of pharma are here to stay

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Doctors’ Changing Expectations of Pharma Are Here to Stay SEPTEMBER 2021

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Page 1: Doctors' Changing Expectations of Pharma Are Here to Stay

Doctors’ ChangingExpectations of PharmaAre Here to StaySEPTEMBER 2021

Page 2: Doctors' Changing Expectations of Pharma Are Here to Stay

31 35 2838 31 36 27

45 40 45

54

7

45 4042

24 25 27 24 24 31

76% prefer to keep or increase the share of remote interactions

More US doctors (38%) prefer face-to-face engagement

Although results vary by market, most physicians overall prefer to keep or increase the share of virtual interactions with pharma companies

Thinking of post-COVID interaction preference with pharma companies

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, September/October 2020, and May/June 2021; BCG analysis.Questions: Please list the monthly frequency and rank how effective you found each of these interactions. Thinking about your practice post-COVID: How would you like your engagement model with pharma companies to evolve?

Total Internalmedicine

Outpatientsubspecialties

Primarycare

Surgicalsubspecialties

US

N = 404 N = 191 N = 232

Germany ChinaMedicaloncology

Infectiousdiseases

Percentage of respondents (%)

16

5439

47

39

6

46

3815

More remote Keep the current balance More face-to-face

Page 3: Doctors' Changing Expectations of Pharma Are Here to Stay

Still on the rise since May 2020

Preference for virtual engagement has significantly increased over the course of the pandemic

Preferred tools for engagement

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, September/October 2020, and May/June 2021; BCG analysis.Question: What [are/were] your preferred tools for one-on-one or small-group personal engagement with pharmaceutical companies [Before/beginning of COVID (May 2020), During COVID (September/October 2020), and now during COVID with vaccines (May/June 2021)]? Note: N=449 for May 2020 survey; N=591 for September/October 2020 survey; N=827 for May/June 2021 survey.

In-personface-to-face

meeting

Scheduledwebinars,webcasts

Scheduledvideo chat (e.g.,Skype, Zoom,

FaceTime)

On-demandvideo chat (e.g.,Skype, Zoom,

FaceTime)

Scheduledcall

Ad hoccall

Emailconversations

Chat apps(e.g., Whatsapp)

Textconversations

(i.e., SMS)

Podcasts

Percentage of respondents (%)

Before COVID Beginning of COVID (May 2020) During COVID (Sep/Oct 2020) COVID with vaccines (May/June 2021)

67

14 11 10

22 20

114

23

14

30

18

28

2017

12

3

44

22 2318

2316

27

1925

2114

6 6

53

30 2821

2521

28

1911

6

18

Page 4: Doctors' Changing Expectations of Pharma Are Here to Stay

MedicaloncologyN = 68

100

91

91

93

100

92

91

88

94

83

82

80

88

50

86

42

Doctors’ appetites for digital channels differ across specialties

Communication channel effectiveness

Sources: Physician COVID-19 Response BioPharma Survey, May/June 2021; BCG analysis.Question: (May/June 2021) Please list the monthly frequency and rank how effective you found each of these interactions. 1Data available only for the US.

≥90% 80%–89% 70%–79% 60%–69% <60%

When used, % of responses indicating channel as effective or very effective

TotalN = 827

PCPN = 72

CardiologyN = 75

Endocrino.N = 71

NeurologyN = 50

Dermato.N = 95

Rheumato.N = 93

Ophthalmo.N = 68

OB-GYNN = 96

Gastroent.N = 55

Nephro.1

N = 20UrologyN = 64

86

63

92

85

73

91

90

87

82

61

100

73

56

57

38

17

Personal visit by sales rep

Virtual speaker programs

Personal visit by MSL

Training webinars

Webinars

General sources of info

Third-party physician portals

Physician portals from companies

Social media

Virtual lunches

Phone call from known rep

E-detailing by known rep

Phone call from call center

Personalized emails

E-detailing by unknown rep

Mass emails from companies

92

90

91

91

90

59

88

87

83

81

81

80

77

59

47

39

75

93

87

82

85

91

96

100

100

75

77

89

88

70

40

43

92

94

94

100

89

100

88

82

81

57

88

72

81

33

72

38

60

88

67

100

90

80

80

75

83

100

71

100

67

50

50

29

79

92

93

88

89

95

95

90

92

61

86

95

80

75

36

51

94

88

90

75

65

78

82

95

81

90

100

63

57

32

67

36

88

94

97

86

95

92

84

78

79

100

78

65

75

65

60 0

40

100

100

67

71

83

75

75

83

33

100

50

80

50

57

29

81

95

100

70

82

94

89

80

91

67

88

71

43

70

33

43

94

89

89

91

79

100

100

100

91

92

80

88

40

56

44

25

96

78

86

100

82

92

100

92

60

54

77

80

67

50

33

44

Page 5: Doctors' Changing Expectations of Pharma Are Here to Stay

Channels rich in content are considered effective by MDs, while interaction with medical and science personnel is underutilized

≥90%80%–89%70%–79%60%–69%<60%

Sources: Physician COVID-19 Response BioPharma Survey, May/June 2021; BCG analysis.Question: (May/June 2021) Please list the monthly frequency and rank how effective you found each of these interactions.

39

81808791908377908191

59

88

59

47

92

May/June 2021May/June 2021

Communication channel frequencyAverage number of monthly interactions per MD

Communication channel effectivenessWhen used, % of responses indicating channel as effective or very effective

Mass emails from pharma companiesGeneral sources of info

Personal visit by sales repPersonalized emails/newsletters

Social mediaPhone call from known rep

Third-party physician portalsVirtual speaker programs

Training webinarsPhysician portals from pharma companies

E-detailing by unknown repWebinars

Virtual lunchesPersonal visit by MS

E-detailing by known repPhone call from call center

0.7

0.5

0.80.8

0.5

2.62.4

2.02.0

1.51.21.2

1.2

0.3

0.6

0.4

Page 6: Doctors' Changing Expectations of Pharma Are Here to Stay

For new Rx products, personal visits are still the preferred channel, but three virtual channels occupy the top four

Personal visit by sales repVirtual speaker programs

Training webinarsWebinars

Personal visit by MSLGeneral sources of info

Personalized emails/newslettersE-detailing by known rep

Third-party physician portalsPhone call from known rep

Physician portals from pharma companiesVirtual lunches

Mass emails from pharma companiesSocial media

E-detailing by unknown repPhone call from call center

Sources: Physician COVID-19 Response BioPharma Survey, May/June 2021; BCG analysis.Questions: How do you prefer to learn about new Rx products on the market? When do you prefer to learn about new Rx products? Note: N=827.

Preferred engagement channel to learn about new Rx products % of respondents

4429

2625

2522

1818

1615

1312

97

54

of HCPs prefer tolearn about Rx

products three months prior to launch

63%

Page 7: Doctors' Changing Expectations of Pharma Are Here to Stay

Mass emails and lack of personalization are the main digital communications pain points for physicians

Insufficient time to read

Too many emails

Not timed appropriately

Too biased or promotional

Too long

Too generic or not relevant

Too confusing or complex

Don’t care about digital communications

No pain points

Too difficult to access

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, September/October 2020, and May/June 2021; BCG analysis.Question: Which of the following pain points related to digital communication and digital interaction from pharmaceutical companies could be improved?Note: N=449 for May 2020 survey; N=591 for September/October 2020 survey; N=827 for May/June 2021 survey; pp = percentage point(s).

Reported pain points with pharma company digital communications% of responses

COVID with vaccines(May/June 2021)

Beginning of COVID(May 2020)

During COVID(Sep/Oct 2020)

∆ (pp)(May/June 2021 vs. May 2020)

39

33

30

29

28

26

16

13

11

11

38

36

29

25

25

22

17

11

9

9

7

1

7

2

1

0

–3

2

0

1

32

32

23

27

27

26

19

11

11

10

> 0 pp= 0 pp< 0 pp

Page 8: Doctors' Changing Expectations of Pharma Are Here to Stay

There are big gaps between the perceived value of content and what doctors receive

Medical info/education

Exchange of scientific data

Product education

Shareable scientific content

Info on speaker events

Information on sample ordering

Info on patient support programs

COVID-specific information

Info on copays and reimbursements

Info on physician support programs

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, September/October 2020, and May/June 2021; BCG analysis.Questions: (May/June 2021) What type of content did you receive from biopharma companies? Please rank how valuable you found the content you received from biopharma companies.Note: N=827.

51

59

49

38

33

32

31

26

25

24

33

35

17

25

31

35

30

29

40

27

62

60

70

67

59

53

58

58

52

62

5

5

13

8

10

12

12

13

8

11

Type of content received % of responses

Value of content received % of responses

Not valuableValuableVery valuable

Page 9: Doctors' Changing Expectations of Pharma Are Here to Stay

The share of virtual patient interactions post-COVID is expected to be twice as high as pre-COVID levels

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, Sept/Oct 2020, and May/June 2021; BCG analysis.Questions: What % of assessments, diagnoses, and treatment decisions were made through in-person visits (in all settings) vs. through virtual visits? In this scenario, how would your use of virtual visits change compared with your current volume?

Share of virtual patient visits % of total number of visits, for top five conditions treated

Before COVID Beginning of COVID(May 2020)

During COVID(Sep/Oct 2020)

COVID with vaccines(May/June 2021)

2321

48

9

Page 10: Doctors' Changing Expectations of Pharma Are Here to Stay

8073

8779

The use of telemedicine and video-enabled tools has risen significantly from pre-COVID levels

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, September/October 2020, and May/June 2021; BCG analysis.Questions: Which of the following tools did you use to communicate with your patients? As COVID-19 resolves, which of the following tools do you plan to use to communicate with patients?

MDs using the following tools or expecting to use these tools to communicate with patients

Telemedicine Other video-enabledconsultation

Encryptedmessage center

Email Phone chator chat apps

Phone

Percentage of responses (%)

Before COVID Beginning of COVID (May 2020) During COVID (Sep/Oct 2020) COVID with vaccines (May/June 2021)

21

51 4843

13

3136

2821

27 27 29 3343

38 3728

44 4235

Page 11: Doctors' Changing Expectations of Pharma Are Here to Stay

Patient volume is back to pre-COVID levels—and higher than many MDs expected

Sources: Physician COVID-19 Response BioPharma Surveys, May 2020, September/October 2020, and May/June 2021; BCG analysis.Questions: What were the top five most common conditions you treated among your weekly patients, both in-person (in all settings) and virtual/remote? What is your current weekly patient volume, both in-person (in all settings) and virtual/remote)? In this scenario, how much of a change would you expect in your weekly patient volume compared with your current volume?

Volume of in-person and virtual visitsAverage of weekly in-person and virtual visits per MD

for top five conditions treated

Expected volume of visits post-COVID% of total number of personal and virtual visits for

top five conditions treated

Before COVID Beginning of COVID(May 2020)

During COVID(Sep/Oct 2020)

COVID with vaccines(May/June 2021)

Post-COVID Post-COVID(with vaccines)

Post-COVID(without vaccines)

~168

~80

~143~158

18 24

4653

22

149

34

20 12

26

64

6

Less than COVID-19 levelSame as COVID-19 levelIn between COVID-19 andpre-COVID-19 levelsBack to pre-COVID-19 levelHigher than pre-COVID-19 level

EXPECTED VALUES FROM PREVIOUS SURVEYS