#227 | Why the Biggest Export Market May Be the Wrong Market for Your MedTech Product (for Clinicians)
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How do you know which international markets actually give your MedTech product the best chance of success?
This avoids the problem we've discussed before: it doesn't tell the listener what they're doing wrong. It opens the question the episode answers.
When you're ready to export your MedTech product, it's tempting to start with the biggest healthcare markets, the fastest-growing countries or places where you already know distributors. But the right export market for one medical device could be completely wrong for another. In this episode, Hakeem explains why effective international market selection starts by understanding your product, what drives adoption and the specific commercial conditions that need to exist in each market before you decide where to expand.
In todays episode you'll discover:
- Why the biggest or most attractive-looking international market isn't necessarily the best export opportunity for your MedTech product.
- How factors including clinician adoption, competition, evidence, reimbursement, pricing, buying pathways and your commercial model can change which markets you should prioritise.
- How to assess both market potential and your probability of successfully entering it, rather than choosing countries based on market size alone.
Listen now to learn how to choose the right export markets for your MedTech product by focusing on where you have both an attractive commercial opportunity and a realistic probability of achieving adoption.
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This podcast is for clinicians and solo founders feeling stuck in turning their medical devices into real businesses, with practical insight on go to market strategy, sales strategy, product launch, sales plans, business growth, exporting, selling internationally and how to scale up their international sales in MedTech.