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Conclusion On Prescription Drug Advertising
Conclusion On Prescription Drug Advertising
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Pharmaceutical industry in Bangladesh contributes a considerable portion in country’s economy. There are 250 allopathic drug manufacturing companies with more than 8,000 brands operating their activities within the country to meets internal as well as external (export) demand. This large number of drug is composed of 117 essential drugs and 100 supplementary drugs. The pharmaceutical market in Bangladesh earns total revenue of over 95.2 billion BDT (Bangladesh currency in Taka) with a growth of 12% annually of which a large percentage comes from sales of Over The Counter (OTC) medications1, 2. Pharmaceutical companies are allowed to promote their Under the counter (UTC) brands in specific media (medical journals, therapeutic indexes, etc.) but not in mass media. OTC drugs may promote to the mass media, but they need prior approval from the directorate of drug administration, Bangladesh. Nevertheless, advertisement of product creates awareness to the target customers, example; OTC advertisement to the mass people and UTC to the physicians. So, advertisement is an important factor to increase the sales value of the drug. In this advertisement, drug manufacturing company promote their product and portfolio related information to the physicians and end level customer3. Pharmaceutical companies mostly focus attention to advertize pharmaceutical products in the Therapeutic indexes and medical journals.
Two therapeutic indexes are available in Bangladesh and mostly followed by the practicing physicians. These books devote considerable space to advertising. The information and contents provided in the product advertisement motivates prescribers to prescribe advertised pharmaceutical products. Therefore, it yields millions of dollars of a...
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...measure any concrete outcomes or any cause and effect. The study samples include only the samples from two books and do not represent the entire population because of the non-random sample selection method used.
In this study, two therapeutic indexes were selected to analyze drug advertisement aand their referencing practice. We found that drug information provided in the QIMP and MIMS were taken considerable space, but most of the advertisement product related information was not based on scientific references. Healthcare providers should be cautious and not convinced by the lucrative pharmaceutical advertisements rather they should cross check the claims before prescribing to the patient. Finally, present situation can be improved if the drug regulation authority and paharmaceutical industry monitor and strictly control adequate references in drug advertisements.
As each product has its own unique segment, target market, and symptoms relief, those differences are going to be essential to promote each product value to prevent cannibalization. Thus the best advertising agency was selected to provide us the best response.
The FDA was given the authority to approve pharmaceutical products for marketing in the U.S. as a result of the Federal Food, Drug, and Cosmetic Act, passed in 1938 (FDA par 2). In 1960’s, the agency issued final regulations for prescription drug advertising, which stipulated that these ads must not be false or misleading, present a “fair balance” of information describing both the risks and benefits of a drug, include facts that are “material” to the product’s advertised uses, and include a “brief summary” that mentions every risk described in the product’s ...
Sleep is the body’s way of restoration, improving memory, and preparing one for the upcoming day’s chaos. However, in recent years it has become a school norm for a person to be up at all hours of the night despite having to wake up early in the morning. So, seeing an advertisement promoting a sleep aid by a trusted company such as Vicks would strike interest of someone who struggles to fall asleep but not necessarily sell the product. Selling the product depends on the way that the company displays its product using color or background details, arrangement of featured people, wording and product placement.
This phrase relates to a study that I may conduct because I would like to investigate how student-athletes’ academic achievement compares to that of non-student-athletes. In such an investigation, I would have no over influence over whether or a not a student participated in athletics nor their academic achievement. I would only be able to analyze data and determine if there were a relationship between the variables.
In statistics, a population is a collection of individuals, things, events, etc. The population is the topic that one wants to make inferences on, whereas a sample is a subset of the population that is being collected—to be studied. After the sample is studied in statistics, one draws an inference of the population. There are four general sampling methods used in statistics: representative sample, random sample and quasi-random sample, stratified and quota sample, convenience sample, and purposive sample. A representative sample should be unbiased and thus properly indicate a characteristic of the entire population. In a random sample nothing is biased; in other words, every individual, thing or event in the population has the same chance of being selected for the sample. Therefore, because of the randomness of the sampling, the selection of one item from the population in no way effects the selection of another item. A quasi-random sample is simply a number (nth), which is
For commodity generic drugs, Teva has an opportunity to expand its core business into emerging markets, but there it will have to face institutional voids because such markets are driven by physicians and both physician and other people are not aware about the effectiveness of generic drugs. To cope with the challenge of institutional voids Teva have to look for some competent small pharmaceutical firms for acquisition and some big firms for the joint venture. For changing the perceptions of people and physicians, Teva will require to run marketing campaigns and direct approaches to physicians to develop a market for their products.
...ll number of participants, some of the results got mixed up and some results were disclosed.
The Pharmaceutical Industry goals is to get as much profit incentive as possible through clinical trials, social networking, ads driving in a social movement in the demand for consumer goods. Patients have become more knowledgeable, demanding, and critical of medical care (Williams & Calman 1996). The internet has facilitated consumer involvement by offering easily accessible health-related information and providing a method for communication among like minded individuals (Hardey 2001). Medicalization from an analytical stand point is facilitated by the development of innovative technologies, consumer demands and the emergence of new medical markets in the hands of pharmaceutical enterprises. When medical products, services, or treatments are promoted to consumers to improve their health, appearance, or well-being, we see the development of medical market (Conrad & Leiter 2004).The race for cure, a Breast Cancer Awareness organization has been developed into a commodity for selling pink ribbons and bands. The awareness of Breast cancer is not being fully recognized by those who may not be knowledgeable of the treatments, mammograms, screening and essentially anything cancer related if the focus is on the marketing of products. Oftentimes, these corporations, sponsors, pharmaceuticals are concern with capitalizing on the health of the patience through empowering ads, to maximizing profits. Through private and
The study consisted of a significant number of females compared to males, which makes it invalid to conclude that the findings support the general population. A strength was that participants were selected at random. By doing so, the study remained unbiased, thus making the results more credible.
Many argue that it is a positive that patients are being given information about certain drugs that their doctors may not have told them about; however, their doctor is the individual who is the most knowledgeable about the patient's health and care, so they should be the one recommending possible treatments. It is a positive in the medical field that direct to consumer advertising creates an increase of patients engaging in deeper discussion and asking questions about their ailment, but doctor patient relationships should have this dialogue occur regardless of direct to consumer advertising (Cox & Cox, 2010). If doctors and patients are not having these conversations, then their relationship needs to be evaluated to make sure that their communication is being fully understood by both individuals, while acknowledging that direct to consumer advertising is not the way to create a more open communication in their doctor-patient relationship. When a consumer views an advertisement for a drug that is for an ailment that they may have, they go to their doctor and ask about that drug. Their medical team then has to make sure that the patient understands all of the risks and benefits associated with the specific drug, along with its usual success rate so as not to create false
DTC prescription drug ads encourage patient compliance with treatment. In an article about the risk and benefits of direct advertisement to consumers, Ashish Parekh and associates stated, “81% of doctors surveyed for a 2007 article published in Clinical Orthopedics and Related Research thought DTC prescription drug ads had a positive impact on patient compliance (taking drugs as directed).” When seeing prescription drugs portrayed in a way that shows the consumer jovial and enlightened about the product and the great things its doing, it could heavily influence a future customer of the drug. In response to an FDA
Advertisements one of their methods in suggesting potential consumers their product is the best to satisfy their needs. In this strategy, companies stretch the truth and also make new knowledge about medicine that is in their favor to look like they make the best products in fixing their illness. However, companies begin to go more in depth and also place the categories depression and anxiety as signs for people who do not have an illness to buy their product. In comparing my advertisement and the other two, I found that we stretch the truth in some areas. In saying that Adderall helped in solving complicated math problems was bias for the reason that we do not know for sure if it does help for those reasons.
Direct-to-consumer advertising (DTCA) of prescription medications is one of the legal forms in the United States. With the research pointing to improved provider/patient relationships, many healthcare fields believe it should be banned. An argument against DTCA of prescription medications is that it leads patients to be misinformed or confused, resulting in requests of prescription drugs from their providers that aren’t needed. The ongoing argument that DTC pharma advertising leads consumers to request medication for conditions they do not have, or conditions that do not exist, may have some truth to it5. Regardless of the debate at hand, direct-to-consumer pharmaceutical advertising (DTCPA) has grown rapidly during the past several decades and is now the most prominent type of health communication that the public
Marketing is a essential part of a business because it helps to control the way that goods or services are sold. When marketing a specific product or service it is crucial to be well informed in all aspects of marketing, which include the marketing mix, marketing strategy, target market in which you will offer your product and the environmental factors that could effect how your product is received, including social and cultural difference, competition, economic and technological aspects. In this paper I will explain how I will market the product which I have chosen. An Herbal Shampoo brand called "Herbalize."
According to Shimp (2007), there are five important factors which determine the purpose of advertisement in terms of marketers’ communication with consumers. He listed these five factors as follows: “(1) informing, (2) influencing, (3) reminding and increasing salience, (4) adding value, and (5) assisting other company efforts.” (p.246). To clarify that, the first most important aspect is informing people which means company needs to enhance the awareness of the consumer about their products by mentioning its advantages and features. Advertising also affect the products in two ways. Firstly, by basic demand, which build consumer desires for old products of the company and secondly, refers to a new brand of the company. In addition, effective advertising can retain consumer’s mind fresh about the image of a brand which develops the trace of the memory where consumers have to choose between two or more products. Moreover, it may change the product quality, create new, well-designed and elegant product and change consumers view towards the product. Lastly, by effective advertising program, company may save money and time as s...